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Posted on 01/12/2026 8:12:16 AM PST by Twotone
U.S. President Donald Trump on Friday signed an executive order that aims to block the seizure of Venezuelan oil revenue held in U.S. Treasury accounts.
The executive order states that the revenue, which is held in foreign government deposit funds, are “held solely for sovereign purposes” and that any court attempt to seize the funds will “materially harm the national security and foreign policy” of the U.S.
The order, which declared a national emergency, said the funds are the sovereign property of Venezuela held in U.S. custody for governmental and diplomatic means, and are not assets subject to private claims. Any use of judicial process against the funds will interfere with efforts to “ensure economic and political stability in Venezuela,” the order says.
Trump signed the order nearly one week after U.S. military forces captured Venezuelan leader Nicolás Maduro and his wife, Cilia Flores, in Caracas. Both were indicted on drug-trafficking charges and have pleaded not guilty.
Since the military operation, Trump has said that both nations “are working well together” on rebuilding Venezuela’s oil and gas infrastructure and that American oil giants will invest at least $100 billion in the South American country.
Trump met with major oil industry executives on Friday afternoon in an effort to get U.S. oil companies to invest in Venezuela. In that meeting, ExxonMobil CEO Darren Woods told Trump that right now Venezuela is “uninvestable.”
(Excerpt) Read more at cnbc.com ...
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Courts in this country are loaded with thieves. If they can’t steal your money with fines and such, they’ll steal your possessions.
What part of the Constitution gives this power?
The power to prevent the theft by the court or the power of the court to steal the funds?
The part that gives the President executive power.
If the money does not belong to us and is being held in safekeeping for Venezuela, what in the Constitution says we can steal it?
That is a far more fundamental law than even the Constitution.
Does this have anything to do with Pres. Trump’s decision...
Perhaps I am a bit thick. But does this basically amount to Trump ordering that countries that have Venezuela oil revenue in their U.S. bank accounts forfeit those funds? Seems an awful lot like theft to me.
The terms and conditions. No one ever reads those and now we are paying the piper.
Um. Those wars had nothing do with Trump. Maybe you’re questioning Bush Jr.and Joe Potato head Biden.
He ran the war in Afghanistan from 2017 through 2020. You seem to think that the Trump brand of third world nation building will produce better results than previous attemps.
It belongs to the creditors and the companies who won lawsuits against the country for appropriating their property, not to Trump.
Who says Venezuela won’t ultimately bequeath it to them?
Until then, is held for safekeeping.
That’s for the courts to decide. Nothing in the Constitution gives the president the power to do this, and if Joe Biden were doing it every here would acknowledge that.
We have held such monies with Panama and many other countries. Monies paid to Panama from US companies, held by the Federal Reserve, all under an executive order, through economic sanctions. There have been other examples, as well.
Agreed. And it is a very, very low bar.
Then there’s this from John Konrad, newly credentialed Pentagon reporter with hefty background in maritime issues.
“What I learned yesterday: Chevron would rather go back to Communist Venezuela and cut deals with Maduro’s VP than return to California and work with whoever replaces Gavin Newsom.”
https://x.com/johnkonrad/status/2010080803766841851?s=20
Wow!
Okay I’m sure you have everything figured out.
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