Personal Bank Accounts in Venezuela Frozen to “Fight Terrorism”

(Psst: The FTC wants me to remind you that this website contains affiliate links. That means if you make a purchase from a link you click on, I might receive a small commission. This does not increase the price you'll pay for that item nor does it decrease the awesomeness of the item. ~ Daisy)

Editor’s Note: This article by Jose about the blocking of personal bank accounts in Venezuela made me think about how the “Patriot” Act put similar rules in place here in the United States. When you open an account at a bank here, you have to prove you aren’t a terrorist by using multiple forms of ID and you become aware that you are constantly under suspicion of being guilty of money laundering with terrorists. Banks can quiz you about transactions and report you if they feel you’re suspicious. You can learn more about how the “Patriot” Act could potentially set us up for something identical to what Jose is describing here.  And the next time you’re in the bank, look for those little triangle paper signs sitting around everywhere that explain why your transactions may be questions in the name of “fighting terrorism.” ~ Daisy

by J. G. Martinez D.

Controlling a society is not an easy task. It is about controlling food production means, limiting the mobility of people, denying access to everything, allowing basic human rights to be violated by the uniformed corps (very important because these groups have weaponry), and allowing irregular gangs take over resources that, otherwise, they would never be able to have control of.

Therefore, they NEED desperately to make people knee, and one of the ways they can do it, is via the control of the circulating money. This is nothing new.

The original Rothschild said once “give me the control of the currency of a country, and I wouldn´t mind who governs it”. Or something like that. That is exactly what this mafia has done.

They’re now freezing bank accounts within Venezuela

To do so, the criminal gang in power has reinforced their strategy.  They are freezing bank accounts inside Venezuela, in our national currency, if they detect someone is using the account from another country. My own bank accounts, with over 15 years of history, included.

This is against the right to use the private and personal property, guaranteed in our Constitution. They want so eagerly to change and seize our private property, just like Cuba did. Sending money back to family is not an easy task. There is an entire underground economy that works receiving money in foreign currency in accounts overseas and exchanging national currency in a circular flow because the bolivar is not exchangeable for some other currency.

The last steps to instate totalitarianism definitely, are now slowly being taken: the financial infrastructure is being stormed with greater intensity these days.

Let´s make this clear. Since the beginning of the takeover, when everyone was charmed by the Uncle Hugo´s charisma, without any clue about what was going on under the table (things like Alejandro Andrade being in charge of the National Treasury, ”assigned” personally by Hugo), this was the plan. The subjugation of any private initiative in the financial world.

“The state must control everything” is the communist motto in Venezuela.

The “empire” (sounds familiar?) is ready to “attack us” because they “need our resources”.

Funny. Those stealing our gold and coltan are Russia, China and Turkey. I can´t see any other nation around.

But controlling 20 million persons without any popularity, regardless of the number of armed soldiers, is not an easy task. After controlling access to food, medicines and some other basic life necessities, the following is to seize the ability of people to dispose of their money as they please.

By doing so, they increase as much as their control level, as the stress on the people they need to distract. And this stress is exactly what they want.

By controlling the amount of who transfers to whom, when and where…well, they could use to put in prison ANYONE THEY WANT. As a matter of fact, the reason they don’t do it just because they don’t have the facilities to lock down so many people. But the attempts to convert the country into a police state just like East Germany is there.

The recent creation of the Migratory Police is just another indication. The worst thing is, that it is going to be a tropical version, with the consequent favoring of the criminals, and the repression and harassing of regular, decent citizens who are exposed to being kidnapped or stolen.

Upon controlling the money flow, they could strangle any entity that is opposed to the totalitarian state. Of course, this is not a specialty of the communist world. This is known to happen in the western world too. Hollywood and Wall Street are no exceptions. At this point in our lives, we all should be aware of what seems to be happening beneath the surface.

Here’s how they justify blocking the bank accounts.

Of course, they justify blocking the bank accounts, especially in the state-owned banking institutions, because they say they are “fighting terrorism”.

Once the account is blocked, they will ask for some proof that the money comes from a legal transaction. Of course, the evidence is subject to their criteria. If they suspect that the origin of the money is suspicious, they will seize it and the account holder will be sent to the…”authorities”.

If you can demonstrate that the money is legit, people usually can walk free.

For the moment.

The organization in charge of the investigation of this things is the SUDEBAN, and they have strict orders to call the SEBIN, the intelligence corps being used as Praetorian Guard, to take care of the issue, and these are trained by the Cubans. So you know what that means already.

All the stories you could have heard about what happened in Cuba, are happening now in my country. The Cubans imposed the Cuban convertible peso, a currency designed for limited usage within the country. The mafia tried to do something similar, with the technological improvement of the cryptocurrencies with the “petro”…but of course, there is not even the slightest indication of trust that favors anything coming from those thugs. Therefore, that “cryptocurrency” is useless.

The entire purpose of that useless currency? Evading the sanctions generated by their defiant violation of our human rights for years. The iron fist over the financial infrastructure is executed in some instances using the intelligence services.

Of course, there is a lot of business involving this: people with large accounts being…”released” after paying some…let´s say “fines”, and an adequate collaboration with the “authorities”. You know what I mean.

There is a history of taking over entire industries to control the people.

Of course, the blocking is not something that was improvised. Many years ago, Uncle Hugo had taken control of the Internet in Venezuela. He did this by seizing the largest private company of communications, the CANTV. Then, with the Ministry of Telecommunications providing to this (now) state-owned company the entire rights to be the only internet provider in the country (which is something).

Now, they are using another institution to violate our rights over our private property, our financial assets, the money, with the SUDEBAN. This “institution” is supposedly in charge of the banking institutions, and establish the appropriate regulations for their functioning.

Of course, the real intention is to control the information regarding the money flow. This is not unprecedented. Cubans could force their people into slavery because they did not have means to escape of the financial grip back then.

The main idea behind this is to produce a slow asphyxiation of the trade, regardless if this is between commerce or private parties. They need to know what accounts are being used to bypass the currency control exchange so they can block them, and harass the people that are making business and trying to make a living outside the unreal conditions they want to force in the economy. The price fixation has resulted in a huge black market, with a very limited production controlled almost totally by a military mafia.

All of this helps to keep the people busy and not rebelling.

They have tried for years to impose a price for the dollar; but that price fixation is unreal, because you can´t go to ANYWHERE and buy dollars at the official exchange rate. The reason is simple: there are no dollars available because they stole every single dime that came into the country. The oil production is not enough to keep pumping dollars into the financial system that has become a gigantic laundry, under the regime terror that Rafael Ramirez instated as president of the oil corporation PDVSA.  They are looking now for the extradition of Alejandro Andrade, the manufacturer of the financial infrastructure that allowed them to steal OUR money…BILLIONS of dollars.

As a result, they are trying to screw the population as much as they can, because they know that, keeping them busy, they won´t get organized and start fighting them. You can´t train a rebel militia if your kids are starving, though.

Of course, this is going to be the final result…perhaps a highly chaotic mass of people that will result in a huge snowball that will sweep the mafias, colectivos, and everything in the middle. There is nothing as powerful as the rage of millions of people. It is just a matter of time, and I know it.

Of course, we ex-pats won´t be sitting around just watching. But for my own safety, I will leave this to the imagination of my fellow libertarians. They have suspended the access to “unofficial” exchange pages such as AirTM, and other similar ones. All of this is somehow by-passed, but I won´t give details here because of the harm it can do to those who try to send money there without recurring to the official exchange rate. It should be on the net, though, for those interested.

As an interesting note, me, being an analytical person, I have detected some mistakes that (people with much more knowledge of economy science should be able to tell this) we are committing, and one of these is using a foreign currency (without any possibility to get) to try to stabilize that craziness. Of course, the mafia is using the joke of that crypto “Petro”, that they definitely don´t have a clue about. Recently the Big Pig (if you don´t know whom I refer to…you should see the news about Venezuela in YT) said: “I have decided to fixate the price of the Petro in 9000 Bolivares”…THAT IS A JOKE YOU STUPID!…

The barter system is the only way to get by now.

Rants apart (Jeez, that felt good J ), the idea is to use some kind of exchange or bartering system that can be used to level the playground, so to speak. Once achieved some kind of agreement, then some degree of stabilization is going to be present.

For example, if I have a couple of brand new tires, that last for a couple of years of normal usage, perhaps I could ask for them engine oil enough to keep my own SUV running for that couple of years. Or, perhaps we could check the websites overseas and see the prices in some foreign currency, and adjust ourselves. However, that means a strong, person-to-person interaction, something that is unlikely to exist with a big shop or store.

But here is where the ingenuity should prevail, and some special warehouses could be used very discreetly for such purpose (Mos Eisley, anyone?). I am pretty sure that, without the “authorities” harassing so much to the farmers and food producers or processors like they do in Cuba, things would be much easier.

Thanks very much to those special persons that have been sending some assistance continuously, we appreciate that gesture, and we know it comes from the heart, and that is the best. Under the current circumstances, uncertainty about the date of our return is now greater…I only can hope, and try to organize some demonstrations around here, in an attempt to make the world not forget our tragedy.

God bless us all, people!.


J.G. Martinez D

J.G. Martinez D

About Jose Jose is an upper middle class professional. He is a former worker of the oil state company with a Bachelor’s degree from one of the best national Universities. He has a small 4 members family, plus two cats and a dog. An old but in good shape SUV, a good 150 square meters house in a nice neighborhood, in a small but (formerly) prosperous city with two middle size malls. Jose is a prepper and shares his eyewitness accounts and survival stories from the collapse of his beloved Venezuela. Thanks to your help Jose has gotten his family out of Venezuela. They are currently setting up a new life in another country. Follow Jose on YouTube and gain access to his exclusive content on Patreon. Donations:

Leave a Reply

  • @Jose
    If you know, is the black market economy basically an illegal barter economy? Can silver coins or jewelry and possibly small gold coins or jewelry be used to purchase on the black market and the barter markets? Would the prices be higher or lower using silver or gold? Perhaps some things are only available if paid in silver or gold? Like medications, or surgery, or whatever?

    • Dear Anon 411,

      Yes, this has been happening to some degree. I myself, given the uncertainty about what is about to happen, have been looking for bartering some of my equipment and tools, actually unused, for some other stuff that my family does need. We don´t have any jewelry or PMs of any kind. With the crime rates so high, starting in the middle 90s to rise again after a relative calm period, no one owns PMs or jewels. This is the main reason. People is so poor after over 35 years of looting, that we don´t have means to own anything with certain value. Yes, we were doomed to poverty, even when living in a very rich country. I have known that some dentists and MDs are receiving foreign currency, mainly euros and dollars. Who can pay for this remains a mystery to me. The main reason for me leaving, was not having income but in the devalued national currency. Perhaps being on my own (exploiting some hidden talent that I am about to discover yet) I could still be there but…things didn´t happened that way. Once your kid starts to ask for a cereal that is not even produced in the country any longer…you see things different.

      However, related to jewelry and silver coins, given the low knowledge about detecting fake or low quality precious metals.
      On the other hand, I believe I mentioned that the personal safety would be in jeopardy if someone is slightly suspicious about you having in your possession such treasure. The reference frame overseas is trust in the LEOs. Here, it is not possible. It has not been possible since a long time ago. Even before uncle Hugo. By that information arriving to the wrong pair of ears, and you will find a gang touching at your door, gun on hand, at broad daylight. It has happened before, I know this for sure. And it is much worst in the bigger cities.

      If your community is, so to speak, a closed circle, perhaps bartering with PMs is an option, or even being in some other city where your trade compadre is trusty and reliable. And even so there is the danger of the travel with PMs. Recently two baseball stars from the team Cardenales of Lara were killed by highway robbers.

  • True story. I received a check from a consignment shop for selling 2 English Bone China cups with matching saucers. A whopping $16, so I took the check to School’s Credit Union to simply cash it. They are in the same lot as Walmart and I thought I could pick up milk and bread. SCU refused to cash it-even though it was drawn on their account, without charging me a $5 fee because I am NOT a SCU customer. I complained to the state banking, but evidently banks & credit unions (in California) can now charge non customers for the privilege of getting your money. So… to my bank to deposit $16! It is all about control, and nothing else. Controlling money and controlling people.

    • Stories like this are all over the place here. And even worst. Elders are dying in the lines in front of the banks to receive their pension money. But international community, the Pope Francisco and everyone else just look to the other side.

  • You Need More Than Food to Survive

    In the event of a long-term disaster, there are non-food essentials that can be vital to your survival and well-being. Make certain you have these 50 non-food stockpile essentials. Sign up for your FREE report and get prepared.

    We respect your privacy.
    Malcare WordPress Security