{"id":115133,"date":"2019-01-30T16:38:45","date_gmt":"2019-01-30T20:38:45","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=115133"},"modified":"2019-01-30T16:38:45","modified_gmt":"2019-01-30T20:38:45","slug":"london-just-committed-financial-suicide","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=115133","title":{"rendered":"London Just Committed Financial Suicide"},"content":{"rendered":"<p><!--more--><a href=\"http:\/\/themillenniumreport.com\/wp-content\/uploads\/2019\/01\/5c519ea5fc7e93814f8b45ab.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-75096\" src=\"http:\/\/themillenniumreport.com\/wp-content\/uploads\/2019\/01\/5c519ea5fc7e93814f8b45ab.jpg\" alt=\"\" width=\"980\" height=\"551\" \/><\/a><\/p>\n<h2>Refusal to hand over Venezuelan gold means end of Britain as a financial center \u2013 Prof. Wolff<\/h2>\n<p>RT.com<\/p>\n<p>The freezing of Venezuelan gold by the Bank of England is a signal to all countries out of step with US interests to withdraw their money, according to economist and co-founder of Democracy at Work, Professor Richard Wolff.<\/p>\n<p>He told RT America that Britain and its central bank have shown themselves to be\u00a0<em>\u201cunder the thumb of the United States.\u201d<\/em><\/p>\n<p><em>\u201cThat is a signal to every country that has or may have difficulties with the US, [that they had] better get their money out of England and out of London because it\u2019s not the safe place as it once was,\u201d<\/em>\u00a0he said.<\/p>\n<p>The Bank of England is currently withholding $1.2 billion in gold from Venezuelan President Nicolas Maduro\u2019s government, but is being urged by Washington to release it to the chairman of the National Assembly, Juan Guaido. Last week, the US backed Guaido as the legitimate president of Venezuela, after he declared himself interim president.<\/p>\n<p>According to Professor Wolff, control of Venezuela\u2019s oil has always been an urgent issue for Washington.<br \/>\nHe also said that the collapse of Britain as a global power, which was accelerated by Brexit, is now about to take another step.<\/p>\n<p><em>\u201cOne of the few things left for Britain is to be the financial center that London has been for so long. And one of the ways you stay a financial center is if you don\u2019t play games with other people\u2019s money,\u201d<\/em>\u00a0he said.<\/p>\n<p><em>\u201cYou can be sure that every government in the world is going to rethink putting any money in London, as they used to do, when they are watching this political manipulation with the money that they entrusted to the British. It is very dangerous for the world but for Britain particularly,\u201d<\/em>\u00a0said Wolff.The economist added that it is for the Venezuelans who put the money into the care of the British bank to determine what is done with it, and not for the Bank of England.<\/p>\n<p>He explained:\u00a0<em>\u201cWhat the British are showing is that they can\u2019t continue apparently to be the neutral place where you can safely put your money.\u201d<\/em><\/p>\n<p>___<br \/>\n<a href=\"https:\/\/www.rt.com\/business\/450144-venezuela-gold-boe-wolff\/\">https:\/\/www.rt.com\/business\/450144-venezuela-gold-boe-wolff\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-115133","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/115133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115133"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/115133\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}