Deposed leader Nicolas Maduro arrives in New York; US to run Venezuela

“For Latin America, it basically says no leader is safe if deemed illegitimate by the US,” said Tyson Barker, a senior associate fellow at the German Council on Foreign Relations. “For the world, it flattens any moral credibility we have vis-à-vis China and Russia.”

US to be reimbursed: Trump

A US occupation “won’t cost us a penny” because the United States would be reimbursed from the “money coming out of the ground,” Trump said, referring to Venezuela’s oil reserves, a subject he returned to repeatedly during Saturday’s press conference.

The idea that a country’s oil reserves can pay for an American invasion also recalls the 2003 Iraq war. In the run-up to the invasion, US officials repeatedly stated that the cost would largely be covered by Iraq’s assets, including its oil. Various estimates by academics say the actual cost to the United States of its years-long entanglement in Iraq ended up being at least $2 trillion. Continue reading…

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