Message to INFODIO readers: investigative journalism, which is what this site does, takes lots of time and effort. Visiting media looking for a quick run down on Venezuela's gargantuan corruption, pls have the decency to at least cite the source when plagiarising this site's content without attribution (exhibit Reuters here, exhibit Bloomberg here, exhibit OCCRP here). To all readers: do the right thing, the honest thing, support independent investigative journalism. Note added 28/06/2021: impostors are using INFODIO's former editor's full name, and a fake email address (alek.boyd.arregui at gmail.com) to send copyright infringement claims / take down requests to web hosting companies. The attempt is yet another effort paid by corrupt thugs to erase information about their criminal activities. Infodio.com has no issues with other websites / journalists using / posting information published here, so long as the source is properly cited. Note added 12/06/2026: infodio.com has not created mirror websites / domains and remains totally independent and unrelated to others. Beware of websites using our brand.
"Venezuela formally applies to BRICS"... "China welcomes Venezuela's intention to join BRICS"... "Brazil's Lula favors bid by Venezuela to join BRICS"... "Nations queue up to join BRICS, to promote 'multipolar world'"... "Maduro meets Dilma and says that “sooner or later Venezuela will be part of the BRICS”"... Venezuela joining BRICS is one of those questions of when rather than if.
In October 2018 this site posited that Victor Vargas' Banco Occidental de Descuento was a Ponzi. Shortly after, Curaçao’s Central Bank acted decisively against Banco del Orinoco, a fully-owned subsidiary controlled by Vargas.
Think about it: sanctions are just the perfect justification. There's nothing quite so flexible, encompassing and revolutionary as being the target of U.S. Treasury sanctions. Everything can be explained under the purview of sanctions. Lack of food? Unemployment? No gasoline? Derelict hospitals and crumbling infrastructure? Malnutrition? Teachers striking? Power cuts? All of that, and more, happens because of sanctions. Like the Cuban dictatorship, chavismo has not lost, but reaffirmed the credibility of its now 24 year old criminal regime thanks to sanctions.
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