An internal government document reveals tactics of “economic warfare” and “financial weapons” the US is using against Venezuela in the name of “furthering capitalism.”
by Ben Norton
Part 2 - US “financial weapons” and “economic warfare”
With the coup raging in Venezuela, WikiLeaks published an excerpt from what it described as the “US coup manual,” the Army Special Operations Forces Unconventional Warfare booklet.
WikiLeaks drew particular attention to a segment of the publication entitled “Financial Instrument of U.S. National Power and Unconventional Warfare.” This section outlines how the US government, in its own words, uses “financial weapons” to wage “economic warfare” against foreign governments that try to pursue an independent path.
What's happening with Venezuela? @WikiLeaks' publication of US coup manual FM3-05.130, Unconventional Warfare [UW], provides insight— WikiLeaks (@wikileaks) January 28, 2019
DOS=Department of State
UWOA=UW operations area
ARSOF=US Army Special Operations Forceshttps://t.co/8q4oQfsMzY pic.twitter.com/ez0tGqheSw
In the unconventional warfare manual, Army Special Operations Forces (ARSOF) wrote that the US “can use financial power as a weapon in times of conflict up to and including large-scale general war.” And it noted that “manipulation of U.S. financial strength can leverage the policies and cooperation of state governments” — that is to say, force those governments to comply with US policy.
Institutions that help the US government accomplish this, ARSOF continued, are the World Bank, International Monetary Fund (IMF), and Organization for Economic Cooperation and Development (OECD).
Examples of “financial weapons,” include “State manipulation of tax and interest rates” and pressure on financial institutions to restrict “loans, grants, or other financial assistance to foreign state and nonstate actors,” ARSOF stated.
“The Office of Foreign Assets Control (OFAC) has a long history of conducting economic warfare valuable to any ARSOF UW campaign,” the manual concludes.
The US Treasury Department’s Office of Foreign Assets Control is what oversees sanctions against countries like Venezuela. And on January 28, the day WikiLeaks tweeted the above excerpt, OFAC sanctioned Venezuela’s state-owned oil company, Petroleos de Venezuela, S.A. (PDVSA).