ΕΑΝ ΠΡΟΤΙΜΑΤΕ ΕΛΛΗΝΙΚΑ ΠΑΤΗΣΤΕ ΤΗ ΣΗΜΑΙΑ ΣΤΟ ΚΑΤΩ ΜΕΡΟΣ ΤΗΣ ΟΘΟΝΗΣ

Oil, de-dollarization, and the return of Cold War power politics. From Noriega to Maduro: when resources decide who is “criminal”… Trump one day normalizes marijuana, and the following day he kidnaps/arrests Maduro on drug charges!! A new Yalta, with the creation of new “spheres of influence,” is humanity’s only hope of avoiding a nuclear catastrophe.

By Nick Stamatakis

Listening to Donald Trump’s remarks in the press conference, regarding the kidnapping of Nicolás Maduro, one theme stood out more than any other: oil. Not democracy. Not human rights. Not even drugs, despite their formal role in the justification. Oil emerged repeatedly as the central concern.

That emphasis is revealing. To understand Venezuela’s place in the current confrontation, one must first grasp what Venezuelan oil represents in the global system.

Venezuela holds the world’s largest proven hydrocarbon reserves. These reserves are not merely important to the United States as an energy consumer; they are vital to the financial architecture underpinning the modern global economy. Control over Venezuelan oil does more than influence supply—it affects pricing power, long-term market stability, and, critically, the endurance of the U.S. dollar as the world’s reserve currency.

Oil is traded overwhelmingly in dollars (although after Saudi Arabia decided in 2024 to allow China to buy oil in yuan, this rule is eroding fast). Whoever controls significant oil flows helps determine whether that system survives. From this perspective, Venezuela is not a regional issue—it is a systemic one. Losing leverage over such reserves accelerates de-dollarization and weakens the financial order on which Western banking and capital markets depend. The rhetoric of crime and morality, in this light, functions less as cause than as cover. This is where the historical echoes become unmistakable.

A long history of the U.S. acting outside international law 

In the late Cold War period, the United States perfected a model in which criminal allegations were used to legitimize military or extraterritorial action against leaders who had outlived their strategic usefulness. The capture of Manuel Noriega remains the clearest example. Once a U.S. asset, Noriega was abruptly reclassified as a narco-criminal. Panama was invaded, thousands were killed, and Noriega was transported to the United States to stand trial. The legal narrative was neat; the geopolitical message was unmistakable.

The precedent matters. Noriega’s prosecution established that sovereignty could be suspended retroactively, that alliance could be rewritten as criminality, and that U.S. courts could be used as instruments of regime disposal. What is unfolding with Venezuela follows the same template—updated, but not fundamentally altered.

The 1970s provide the deeper historical backdrop. When Salvador Allende insisted on sovereign control over Chile’s resources, his government was not accused of crimes—it was charged with misalignment. The outcome was destabilization, justified by higher principles. Today, communism has been replaced by narcotics; coups by indictments. The logic, however, remains constant.

Trump kidnapped Maduro on Drug Charges, but legalized marihuana hours before!! 

The irony deepens when drug trafficking is elevated to a justification for extraordinary action abroad while domestic drug policy moves decisively toward legalization and normalization. Marijuana, once treated as a civilizational threat, is rebranded by Trump as a regulatory issue – by a presidential order just hours before the Maduro operation started!! The science has not changed; the political incentives have. This exposes the core contradiction: drugs are not the issue. Power is.

Once this precedent is normalized, the implications extend far beyond Venezuela.

If a sitting head of state can be seized or threatened with prosecution across borders on politicized legal grounds, who is next? The president of Iran? Or Vladimir Putin, whom we now know the CIA targeted with the 91 (supposedly Ukrainian) drones a few days ago?

And if sovereignty is conditional, what remains of international law?

Does China, by the same logic, acquire the right to move on Taiwan? Or Vietnam? Or the Philippines? Does Russia gain equivalent justification in Georgia or Armenia on grounds of strategic threat? On what basis are such actions condemned if the operative rule is simply that power decides?

This is not the collapse of order into chaos. It is something more dangerous: the collapse of consistency. A world governed not by shared rules, but by hierarchical permission—where legality is enforced downward, and discretion flows upward.

Is Maduro’s abduction part of a New Yalta? 

One hopes that this is simply one episode of re-drawing “spheres of influence”something that Trump and Putin discussed last June in Alaska. It’s certainly feasible that the great powers saw the need for such action to avoid an open global war.  For example, we are hopeful that the deal may have been that Putin will not overreact in the US taking over Venezuela, and that Trump will “acquiesce” in Russia’s military overtaking of Ukraine.

If this is not the case, the alternative would be the sinking of an American aircraft carrier, as is certainly feasible by Russian advanced missiles anywhere on the planet.  Against these hypersonic missiles, the US has no defense, as the Houthis had proved by forcing Trump to withdraw USS Gerald Ford from the Red Sea last Spring. Such an eventuality would almost certainly lead humanity to a nuclear catastrophe…

But in conclusion, today’s events prove that when control of resources determines who is lawful and who is criminal, the “rules-based order” is not being violated.

It is being openly abandoned.

January 3, 2026, n.stamatakis@aol.com   www.helleniscope.com

DISCLAIMER: The views and statements expressed in this article constitute constitutionally protected opinions of this author.

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9 COMMENTS

  1. For a tiny nation like Greece and its equally small diaspora, these moments call for caution. Sadly, there usually is not much caution expressed by those who comment on here.

  2. I agree with the newspaper columnist that Maduro’s kidnapping has nothing to do with drugs or other stories—those claims about a new Yalta and the Monroe Plan, which President Trump mentioned as being revived, are nonsense.

    I’m recalling from memory—since I have a friend here, a Cypriot professor involved in economic matters—who, when I was studying at CUNY in 1997, was a professor in the doctoral economics program. I happened to meet him in the same room as an assistant to Professor Cornelia Reimers, with whom I took a graduate course in Macroeconomics. The great Reimers specialized in energy issues, especially Venezuela’s oil. With a professor like that, I learned everything we had been studying for years about America’s wars and the domestic political economy, including how, in times of great need, U.S. industry can quickly convert a consumer electronics factory into a war production facility, and what a U.S. war ultimately serves.

    You might ask: “So what are you trying to tell us with that?” We already knew this, and others have been shouting it, but some had interests in those wars.
    Alright, but we’re not gullible or naive.

    Come on, everyone, we’re all brothers: says the great Hatzis in one of his iconic songs.

  3. Excellent analysis, Nick.

    The U.S. has abandoned all pretenses of the rule of law.

    Trump’s conduct brings to the forefront a basic rule of the jungle: might makes right. And in that untamed jungle, the mighty brutes of the world have a pass to do as they please, inspired by a lawless USA run like a Mafia.

    For more than a century, ever since Woodrow Wilson established the failed League of Nations, the U.S. has been a leader in world affairs. We always led the world with a vision based on principles. It wasn’t perfect and we made a lot of mistakes. At times, we led the world with “cowboy diplomacy,” so we never moved completely away from the state of nature, but the treaties and world organizations we established were made in our image, always based on norms that reflected our democratic ideals and the rule of law. We designed that world order because we all knew that it was in our best interest to function under the rule of law.

    We generally had a consensus that a regime of rules that regulate countries’ conduct in how they relate with each other is essential and in our best interest. And the world followed us! All but a handful of renegade pariah states have followed our lead and participated in that “regime” of international laws and world order.

    So we come to today. Trump is blunt that he removed Maduro to give his American “petroleum experts” control of the oil fields. He wants to take oil that does not belong to him. He repeated that the “money flowing from the ground” will go to the U.S. as “damages” for Venezuela’s wrongdoing. And like a bully, a Mafia boss, he took it, completely unrestrained by the U.S. Constitution, U.S. laws, or international treaties and conventions. What damages has he been awarded by a court of law that warrant his taking over the oil fields? What precedents is he setting for American-owned interests in hostile lands?

    I am no fan of Maduro or any other Latin American dictator and drug lord. Each of them must face justice and we should go after them. But the law gives us plenty of tools. We must not resort to crime!

    This is not about drugs or justice and the rule of law. On the contrary. Trump is inaugurating a new and dangerous era. One in which America stands for naked lawlessness and the commission of raw, brutal theft of resources.

    Where is Congress? Trump said that he did not seek Congress’s consent because he did not trust they could keep the operation secret. Congressmen, he said, “leak” and cannot be trusted. Really? The chairmen of the foreign affairs and intelligence committees cannot be trusted? The system worked fine for two and a half centuries. How did we fight World War II?

    It’s another sad day for America. This is truly how our democracy dies.

    • leonidas , I love you man .. from Winston Churchill to Donald Trump .. the ruling Evangelical Protestant Anglo empire of lies has never admitted the wrong they have committed against black and Native indians in Australia, and America , Vietanmese , Koreans , Serbs, latin americans, Africans, Asians, Greeks, Syrian, Iraqi, libyan, Russians, Venezuelan, Columbian, Honduras , and just about anybody in the world who got in the way of their Evangelical Protestant and Jewish Zionist criminal enterprises .. who you agree are just Mafia syndicates funded by the Evangelicla Protestant dominanrt populations of America, England and Germany to make themselves First in money, power, Greed, Mass Murder, Genocide , War crimes , and Crimes against humanity!
      And to day …Trump is doing exactly what Churchill, and all U.S presidents from the Republican and Democratic parties have done for over rthe last 100 years.. The problem really is not Trump or Biden …they are just puppets like all the countries under U.S control. of the Jewish and Evangelical Mafia organizations who rule thru “Fear and Violance” Until these parties are helf accountable for all of Trumps actions , they will continue with endless wars of death , until they kill us all….

  4. I love your analysis Nick. Very informed,. based on facts. You are providing a great service to your readers. I would urge, all readers to support Helleniscope, not only by reading it and recommending it to friends, but also to support it financially.

    What happened in Venezuela is not unusual. Bush the first did it to Panama, by arresting Noriega. Reagan did it to the tiny countries of Central America, which destabilized them ands has fed the migrant crisis, that Trump despises so much. What has changed are the “motives”. In the past, the spectre of communism was the driving force behind those interventions. All you had to do was point to the danger of the communist hordes, invading the American heartland, and you had the right to invade anywhere you wanted. Then, it was the specter of Islamic terrorism, which gave a breathing space to Central and South America, because Islam is non-existent there. It drew America’s attention to the Middle East.

    Now, the boogeyman is drugs. The fact is that Americans are dying in the 10’s of thousands of drug overdoses. However, as the NYT pointed out, America does not have a drug problem. It has an addiction problem. The demand for drugs is such a profitable business, that it would not go away, no matter who is arrested or bombed. The simplest solution–if such a solution exists– would be to provide mental facilities to deal with Americans’ quest for escapism, by seeking illicit highs.

    Trump grew up in the New York of the 70’s-90’s. Drugs were rampant. A crime wave was resulting from those drugs. Most of the drug arrests were for marijuana, which marked the convicted person with a criminal record for life, thus inhibiting his chances of finding honest work, which made him turn to selling and using drugs. The solution offered then, was “put them in jail and throw away the key”. Trump hasn’t moved beyond that.

    But, as anything else that Trump does, you have to look at other motives. Not what he tells us. If Trump really cared to punish drug sellers, then, why did he just pardon Guatemala’s former president, who was convicted and was in prison, for exactly what Maduro is accused of. If Trump really cared for America’s well being, then why not provide health insurance with the money that it costs to deploy the naval armada for the past three months, plus the bombing campaign.

    The answer is simple. The boring stuff of doing good for Americans, by doing the right thing, is not for him. He is proud of America’s military might, which is at his disposal. He is drunk on the power that military gives him. He is not restrained by advisors, congress is non existent, the opposition has become impotent, legality is for wimps. What’s to stop him? There is nothing to restrain him. Not on foreign adventures, anyway.

    There is no question that Maduro was a bad president. But so are so many others. And who can say with certainty, that his replacement would be any better. America has the bad habit of installing puppets, training their paramilitary in killing, not in governing and relegating the “lucky” nation into being a “hellhole”, worse than previously.

  5. Is U.S. hegemony over Venezuela actually a pretext, not only to preserve the U.S. dollar’s dominance, but also allowing for a U.S. war against Iran?

    War with Iran, under normal circumstances, would likely decimate the U.S. economy by shutting down Middle Eastern oil trade and raising the price of oil to $200 a barrel. Perhaps the line of reasoning here is that control over Venezuela’s oil reserves would mitigate this and preserve the U.S. dollar during a war with Iran.

    OK, I’m guessing that Netanyahu and Mossad are actually behind all of this.

    • Netanyahu was the first to congratulate Trump. I heard also that Nathaniel Rothchild congratulated – but couldn’t verify it…

      These are all actions of desperation as they are losing their grip on humanity’s control. What happened in Venezuela will likely accelerate the BRICS transition to a new reserve currency. Ultimately, the biggest flaw of the “Rules Based Order” is the flaw of those who exercise it – and it happens to be the biggest sin ever (according to most religions): HUBRIS / ARROGANCE. It will lead to their demise with certainty.

        • He also ordered Trump to declare Iran a terrorist state , like he did Maduro , hamas ,hezbelloh , syria , yemen etc etc ! And thank him for doing so ! What people are fooled by Trump and Netanyahue ..all designated Terrorist of America and Israel have no legitimacy! Only the UN can endorse terrorist organizations or individual ..approved by the Security Council of the UN …and the high commission of Human rights ! Therefore Trump has made American beleive that his unilateral terrorist designations are internationally approve or endorsed to wage economic, political , miitary , media , and Religious warfare on Venezuela, Palestinian, Gazan , Syrian etc etc …they are mere political smokescreen to impose an Ideologicsl Zionist agenda!
          Furthermore , the new interim President of Venezuela declared on World T.V…that Zionist elements of America and Israel are involved in the attacks on Venezuela , and also demanded the return of Maduro and that Venezuela is mobilizing for any invasion by Trump and his oil companies ! Rubio also says that the embargoes on Venezuela oil to Cuba , China, Iran etc etc will remain in force until full cooperation with US mandates were met ! Rubio ..just told the world that this was a mafia extortion operation , and they can do anything they want , and that includes all the countries in latin America ! So, john , you just got a glimpse of what they did to Greece in 1974, and why mistotakis is just the latest approved US puppet handing over Greece oil supplies, when Chevron or Mobil do what they did to Venezuela… long live Greece and Venezuela…

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