London Daily

Focus on the big picture.
Thursday, Oct 23, 2025

Your $1.7 billion of gold is now ours, UK tells starving Venezuelans

Your $1.7 billion of gold is now ours, UK tells starving Venezuelans

In its prolonged freezing of Venezuelan assets, the UK continues to withhold 31 tons of its gold stored at the Bank of England, with a new Supreme Court ruling supporting the seizure.


The recent decision, CNN reported, “ruled that recognition of heads of state and government was solely the responsibility of the British government, which had recognized [opposition leader Juan] Guaidó as Venezuela’s Constitutional interim President.”

Like most duplicitous corporate media, CNN pushed the narrative that Nicolas Maduro isn’t actually Venezuela’s elected president (he “claimed” the “widely disputed” election). But, as I wrote in March, he is president, and “Venezuela’s election process has been recognized as transparent and effective, with former US President Jimmy Carter in 2012 calling it ‘the best in the world.’ On the other hand, the Venezuelan opposition, as well as Western nations, have interfered with and attempted to sabotage elections.”

In any case, the UK court, drawing on the ‘one voice principle’, decided that because UK leaders like Boris Johnson regard the unbeloved Guaidó as ‘interim president’, he therefore, inexplicably, is – in spite of most of the world not recognizing him as such.

So, Venezuela’s “31 tons of gold deposited at the Bank of England,” remains captive.

Meanwhile, script-reading legacy media are echoing one another in claiming that Venezuela has no right to its own gold, disingenuously promoting the false premise that Guaidó is Venezuela’s president.

The BBC ran with: ‘UK Supreme Court denies Maduro claim to Venezuelan gold’.

Fortune Times gushed: ‘UK Supreme Court thwarts Maduro’s bid to control $1.9bn Venezuela gold.’

How very benevolent of the UK courts to thwart the dastardly elected president of a nation whose population it is allied with the US in relentlessly punishing.

As any good stooge of imperialism does, Guaidó – the Western puppet previously-unknown to the world, and largely unknown within Venezuela before his self-appointment as ‘president’ – pops up when needed, aka when the US and allies want to hurt the Venezuelan people even further.


In a March 2021 article, I opined, “You would have to have been offline or in a coma for the past couple of years to not be aware of some key facts about ‘interim president’ Guaidó. Venezuelans didn’t vote for Guaidó to be president, he hasn’t even stood for president. Venezuelans voted for Maduro. Guaidó named himself ‘interim president’, to the support of only roughly 50 countries – leaving a glaring nearly 150 countries not recognizing this Western-groomed stooge as Venezuela’s leader.”

Contrary to the UK’s re-recognition of this man as the president of Venezuela, as I noted, even the EU dropped its recognition of Guaidó as interim president.

On-the-ground support for the non-president?


In 2019, I spent several weeks in Caracas, refuting Western pundits’ and media claims that there was chaos following a series of power outages. During that time, I observed protests in support of the government, and sought out the supposedly-massive protests in support of Guaidó (spoiler, I couldn’t find them, in spite of scouring the city on a motorcycle taxi).

In one particularly massive pro-government protest, Venezuelans spoke of media lies about their country and also how they wanted the “Western puppet” Guaidó to be arrested.

“They make it up, it’s all lies, all lies. The only president we recognize is Nicolas Maduro. And we want this man, Juan Guaidó, to be arrested immediately.”

In an encounter another day, a woman unleashed, “We didn’t vote for you, Guaidó. We’re not a North American colony. We’re not Colombia. Respect Venezuela. The US wants to steal our resources. Trump, stop f**king us over.”

Up in the hills of Petare, riding on a friend’s motorcycle, wherever we went, we met people who spat on Guaidó and on the West’s lies about Venezuela.

This latest UK court ruling to continue denying Venezuela its gold – and deny the nation a means of providing relief to its uber-sanctioned population, which struggles to get enough food to eat because of it – is not surprising, giving the West’s history of attempting to overthrow Venezuela’s leaders and destabilize the country.

It needs to be underscored that the same politicians, pundits and media which promote Guaidó as a Venezuelan leader, much less president, and whitewash the UK’s theft of Venezuela’s gold, systematically downplay the deadly sanctions against its people.

Newsletter

Related Articles

0:00
0:00
Close
US Administration Under President Donald Trump Reportedly Lifts Ban on Ukraine’s Use of Storm Shadow Missiles Against Russia
‘Frightening’ First Night in Prison for Sarkozy: Inmates Riot and Shout ‘Little Nicolas’
White House Announces No Imminent Summit Between Trump and Putin
US and Qatar Warn EU of Trade and Energy Risks from Tough Climate Regulation
Apple Challenges EU Digital Markets Act Crackdown in Landmark Court Battle
Nicolas Sarkozy begins five-year prison term at La Santé in Paris
Japan stocks surge to record as Sanae Takaichi becomes Prime Minister
This Is How the 'Heist of the Century' Was Carried Out at the Louvre in Seven Minutes: France Humiliated as Crown with 2,000 Diamonds Vanishes
China Warns UK of ‘Consequences’ After Delay to London Embassy Approval
France’s Wealthy Shift Billions to Luxembourg and Switzerland Amid Tax and Political Turmoil
"Sniper Position": Observation Post Targeting 'Air Force One' Found Before Trump’s Arrival in Florida
Shouting Match at the White House: 'Trump Cursed, Threw Maps, and Told Zelensky – "Putin Will Destroy You"'
Windows’ Own ‘Siri’ Has Arrived: You Can Now Talk to Your Computer
Thailand and Singapore Investigate Cambodian-Based Prince Group as U.S. and U.K. Sanctions Unfold
‘No Kings’ Protests Inflate Numbers — But History Shows Nations Collapse Without Strong Executive Power
Chinese Tech Giants Halt Stablecoin Launches After Beijing’s Regulatory Intervention
Manhattan Jury Holds BNP Paribas Liable for Enabling Sudanese Government Abuses
Trump Orders Immediate Release of Former Congressman George Santos After Commuting Prison Sentence
S&P Downgrades France’s Credit Rating, Citing Soaring Debt and Political Instability
Ofcom Rules BBC’s Gaza Documentary ‘Materially Misleading’ Over Narrator’s Hamas Ties
Diane Keaton’s Cause of Death Revealed as Pneumonia, Family Confirms
Former Lostprophets Frontman Ian Watkins Stabbed to Death in British Prison
"The Tsunami Is Coming, and It’s Massive": The World’s Richest Man Unveils a New AI Vision
Outsider, Heroine, Trailblazer: Diane Keaton Was Always a Little Strange — and Forever One of a Kind
Dramatic Development in the Death of 'Mango' Founder: Billionaire's Son Suspected of Murder
Two Years of Darkness: The Harrowing Testimonies of Israeli Hostages Emerging From Gaza Captivity
EU Moves to Use Frozen Russian Assets to Buy U.S. Weapons for Ukraine
Europe Emerges as the Biggest Casualty in U.S.-China Rare Earth Rivalry
HSBC Confronts Strategic Crossroads as NAB Seeks Only Retail Arm in Australia Exit
U.S. Chamber Sues Trump Over $100,000 H-1B Visa Fee
Shenzhen Expo Spotlights China’s Quantum Step in Semiconductor Self-Reliance
China Accelerates to the Forefront in Global Nuclear Fusion Race
Yachts, Private Jets, and a Picasso Painting: Exposed as 'One of the Largest Frauds in History'
Australia’s Wedgetail Spies Aid NATO Response as Russian MiGs Breach Estonian Airspace
McGowan Urges Chalmers to Cut Spending Over Tax Hike to Close $20 Billion Budget Gap
Victoria Orders Review of Transgender Prison Placement Amid Safety Concerns for Female Inmates
U.S. Treasury Mobilises New $20 Billion Debt Facility to Stabilise Argentina
French Business Leaders Decry Budget as Macron’s Pro-Enterprise Promise Undermined
Trump Claims Modi Pledged India Would End Russian Oil Imports Amid U.S. Tariff Pressure
Surging AI Startup Valuations Fuel Bubble Concerns Among Top Investors
Australian Punter Archie Wilson Tears Up During Nebraska Press Conference, Sparking Conversation on Male Vulnerability
Australia Confirms U.S. Access to Upgraded Submarine Shipyard Under AUKUS Deal
“Firepower” Promised for Ukraine as NATO Ministers Meet — But U.S. Tomahawks Remain Undecided
Brands Confront New Dilemma as Extremists Adopt Fashion Labels
The Sydney Sweeney and Jeans Storm: “The Outcome Surpassed Our Wildest Dreams”
Erika Kirk Delivers Moving Tribute at White House as Trump Awards Charlie Presidential Medal of Freedom
British Food Influencer ‘Big John’ Detained in Australia After Visa Dispute
ScamBodia: The Chinese Fraud Empire Shielded by Cambodia’s Ruling Elite
French PM Suspends Macron’s Pension Reform Until After 2027 in Bid to Stabilize Government
Orange, Bouygues and Free Make €17 Billion Bid for Drahi’s Altice France Telecom Assets
×