London Daily

Focus on the big picture.
Thursday, Mar 12, 2026

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
Release of Mandelson Files Raises Tensions as UK Seeks Stable Relations With Donald Trump
UK Documents Reveal Starmer Was Warned About Mandelson’s Epstein Links Before Ambassador Appointment
Nearly Five Hundred UK Mortgage Deals Withdrawn in Two Days as Market Volatility Forces Lenders to Reprice
Three Cargo Ships Hit Near Iran as Attacks Spread to Strategic Strait of Hormuz
Why British Police Repeatedly Declined to Investigate Jeffrey Epstein’s UK Links
UK Parliament Ends Hereditary Seats in House of Lords, Closing Chapter on Centuries of Aristocratic Lawmaking
EU and UK Urge Israel to Act Against Rising West Bank Settler Violence Amid Regional Tensions
US Senator John Kennedy Says Keir Starmer Should Not Be Trusted for Military Advice Amid Iran War Debate
UK High Court Rejects Attempt to Revive Terrorism Charge Against Kneecap Rapper
Revolut Secures Full UK Banking Licence After Multi-Year Regulatory Wait
Kentucky’s Bench Boost Powers Wildcats Past LSU in SEC Tournament Opener
British Couple Die After Being Pulled From Water at Australian Beach During Family Visit
Global Energy Agency Announces Record Release of 400 Million Barrels to Stabilize Oil Markets Amid Hormuz Disruption
British Airways Suspends UK Repatriation Flights as Middle East Travel Disruption Deepens
US Forces Prepare Ordnance at RAF Fairford as Strategic Bombers Deploy for Middle East Operations
Nigel Farage Faces Criticism After Saying Britain Should Stay Out of Iran War
Landmark UK Trial Begins Over Sony’s PlayStation Store Pricing
UK High Court Rejects Bid to Challenge Britain’s Chagos Islands Agreement With Mauritius
Finnish Duo Triumphs in England’s Annual Wife-Carrying Race, Winning a Barrel of Ale
How U.S. and UK National Security Strategies Are Reshaping the Global Business Landscape
Green Party Gains Momentum as Labour Shifts Toward the Political Centre
Royal Navy Destroyer HMS Dragon Sets Sail for Eastern Mediterranean as Regional Tensions Rise
UK Homebuilder Persimmon Warns Iran Conflict Could Dent Property Buyer Confidence
Roman Abramovich Signals Legal Fight if UK Seeks to Seize Chelsea Sale Funds
UK Ready to Back Emergency Oil Reserve Release as Middle East Conflict Pushes Prices Higher
Study of 40,000 Articles Sparks Debate Over Alleged Anti-Muslim Bias in UK Media
US and UK Army Chiefs Strengthen Cooperation on the Future of Armored Warfare
Britain’s Search for the Next ARM Intensifies as Startups and Investors Target the Semiconductor Frontier
Three US Strategic Bombers Arrive at RAF Fairford as Iran Conflict Intensifies
Cancer Death Rates in the UK Fall to the Lowest Level on Record
UK Government Bond Yields Retreat Slightly After Sharp Spike Triggered by Middle East Conflict
UK Chancellor Warns Middle East War Could Push Inflation Higher
UK Prime Minister Warns Iran Conflict Could Drive Up Prices and Threaten Economic Stability
Trump Declines UK Offer to Deploy Aircraft Carriers to Middle East Amid Iran Conflict
Prince Harry and Meghan Markle to Return to Australia After Seven Years for Philanthropic and Business Engagements
UK Government Signals Independence From Washington as Cooper Says Britain Does Not Agree With Trump on Every Issue
UK Experts Warn AI Chatbots Are Fueling Surge in Claims of Organised ‘Satanic’ Ritual Abuse
UK Political Parties Divided Over Strategy as Iran Conflict Reshapes Foreign Policy Debate
Britain Discloses Secret Military Repair Hubs Operating Inside Ukraine
Trump Says US No Longer Needs UK Carrier Support After Delayed Offer Amid Iran Conflict
Why Britain Has Become Involved in the US-Israel Military Campaign Against Iran
UK Gas Storage Falls to Under Two Days as Iran Conflict Jolts Global Energy Markets
UK Warned to Brace for Economic Shock as Iran War Drives Global Energy Price Surge
Starmer and Trump Hold First Call After Public Dispute Over Iran Conflict
UK Dentists Returned £1.3 Billion to Government as Shift Toward Private Care Accelerates
Expert Warns UK Must Build Emergency Food Stockpiles to Prepare for Climate Shocks or War
UK Plans Charter Flight to Evacuate British Nationals from Gulf as Regional Conflict Disrupts Air Travel
Families of Zimbabwe’s Liberation Fighters Call on Britain to Help Locate Skulls Taken During Colonial War
Iran’s Ambassador Warns Britain to ‘Be Very Careful’ Over Deeper Role in Expanding Middle East War
UK Military Leadership Defends Britain’s Defensive Role in Expanding Middle East Conflict
×