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Reading: President Trump says US will “run” Venezuela with “cash popping out of the bottom”
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Business

President Trump says US will “run” Venezuela with “cash popping out of the bottom”

Editor
Last updated: January 4, 2026 9:19 pm
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Published: January 4, 2026
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President Trump says US will “run” Venezuela with “cash popping out of the bottom”


US President Donald Trump mentioned he was placing Venezuela underneath momentary American management after the US captured President Nicolas Maduro in an audacious raid and whisked him to New York to face drug-trafficking fees.

“We’ll run the nation till such time as we will do a protected, correct and even handed transition,” Trump mentioned throughout a press convention at his Mar-a-Lago resort in Florida. “We will’t take an opportunity that another person takes over Venezuela who doesn’t have the pursuits of Venezuelans in thoughts.”

Trump mentioned as a part of the takeover, main US oil firms would transfer into Venezuela, which has the world’s largest oil reserves, and refurbish badly degraded oil infrastructure, a course of consultants mentioned may take years.

Critics mentioned his give attention to oil on the press convention raised questions on his administration’s efforts to border the seize of Maduro and a sequence of lethal missile assaults on alleged drug boats as a regulation enforcement operation aimed toward choking off drug shipments to the US.

A US occupation “received’t price us a penny” Trump mentioned, as a result of the US could be reimbursed from the “cash popping out of the bottom”, referring to Venezuela’s oil reserves.

The concept that a rustic’s oil reserves will pay for an American invasion additionally recollects the 2003 Iraq conflict. Within the run-up to the invasion, US officers repeatedly acknowledged that the fee would largely be coated by Iraq’s property, together with its oil. Varied estimates by teachers say the precise price to the US of its years-long entanglement in Iraq ended up being no less than US$2 trillion.

As a part of the dramatic in a single day operation that knocked out electrical energy in components of Caracas and included strikes on army installations, US Particular Forces captured Maduro in or close to one in all his protected homes, Trump mentioned.

Maduro and his spouse, Cilia Flores, have been transported to a US Navy ship offshore earlier than being flown to the US on Saturday night.

Video confirmed a airplane arriving at Stewart Worldwide Airport about 60 miles (97 km) northwest of New York Metropolis, with a number of US personnel boarding the plane after it landed. A Justice Division official confirmed Maduro had landed in New York, and video later confirmed a big convoy arriving on the Metropolitan Detention Heart in Brooklyn underneath a heavy police presence.

Maduro, who was indicted on varied US fees, together with narco-terrorism conspiracy, is predicted to make an preliminary look in Manhattan federal court docket on Monday, in keeping with a Justice Division official. His spouse additionally faces fees, together with cocaine importation conspiracy.

It’s unclear how Trump plans to supervise Venezuela. US forces haven’t any management over the nation itself, and Maduro’s authorities seems not solely to nonetheless be in cost however to haven’t any urge for food for cooperating with Washington. Trump didn’t say who will lead Venezuela when the US cedes management.

Maduro’s obvious successor, Venezuelan Vice President Delcy Rodriguez, appeared on Venezuelan tv on Saturday afternoon with different high officers to decry what she known as a “kidnapping”.

“We demand the rapid launch of President Nicolas Maduro and his spouse Cilia Flores,” Rodriguez mentioned, calling Maduro “the one president of Venezuela”. A Venezuelan court docket later ordered Rodriguez to imagine the place of interim president.

Within the US, consultants questioned the legality of an operation to grab the pinnacle of state of a overseas energy, and Democrats, who mentioned they have been misled throughout latest briefings, demanded a plan on what would now comply with.

In Venezuela, the streets have been principally calm on Saturday. Troopers patrolled some components and small pro-Maduro crowds gathered in Caracas. Others expressed reduction.

At his press convention, the place he was accompanied by Secretary of State Marco Rubio and Secretary of Protection Pete Hegseth, Trump didn’t present particular solutions to repeated questions on how the US would run Venezuela, given its authorities and army are nonetheless functioning.

“The folks which are standing proper behind me” – corresponding to Rubio and Hegseth – would oversee the nation, Trump mentioned, including he was open to sending US forces into Venezuela. “We’re not afraid of trainers on the bottom,” he mentioned.

Trump additionally closed the door on working with opposition chief Maria Corina Machado, broadly seen as Maduro’s most credible opponent. He mentioned the US has not been involved with Machado, who was awarded the Nobel Peace Prize final yr.

“She doesn’t have the assist inside or the respect inside the nation,” he mentioned within the press convention.

Trump previously criticised interventions like Iraq and Afghanistan by the US, calling the Iraq invasion “a giant fats mistake” throughout a 2016 presidential debate, and saying in 2021 that he was “particularly proud to be the primary president in a long time who has began no new wars.”

The US accused Maduro of working a “narco-state” and rigging the 2024 election. Maduro, a former bus driver handpicked by the dying Hugo Chavez to succeed him in 2013, has denied these claims and mentioned Washington was intent on taking management of his nation’s oil reserves.

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