Maria Corina Machado's daughter delivers her speech for her after the Nobel Peace Prize laureate was unable to reach Oslo in time for the ceremonyMaria Corina Machado's daughter delivers her speech for her after the Nobel Peace Prize laureate was unable to reach Oslo in time for the ceremony

Democracies must fight for freedom, Nobel laureate Machado says

2025/12/10 21:47

OSLO, Norway – Democracies must be prepared to fight for freedom in order to survive, Nobel Peace Prize laureate Maria Corina Machado said on Wednesday, December 10, in a speech delivered by her daughter during a ceremony Machado could not attend.

The Venezuelan opposition leader said that the prize held profound significance, not only for her country but for the world.

“It reminds the world that democracy is essential to peace,” she said, via her daughter Ana Corina Sosa Machado. “And the most important, the lesson Venezuelans can share with the world, is a lesson forged on a long and difficult path: if we want democracy, we must be prepared to fight for freedom.”

A large portrait of a smiling Machado hung in the Oslo City Hall to represent her.

Winner could not reach Oslo in time

The 58-year-old engineer was due to receive the award at Oslo City Hall in the presence of King Harald, in defiance of a decade-long travel ban imposed by authorities in her home country and after spending more than a year in hiding.

But she was unable to reach the Norwegian capital in time for the ceremony.

“I will be in Oslo, I am on my way to Oslo right now,” Machado told Nobel Committee leader Joergen Watne Frydnes, in an audio recording released by the Norwegian Nobel Institute.

It was unclear where she was calling from.

“We don’t know exactly when she will land, but sometime in the course of the night,” the institute’s director, Kristian Berg Harpviken, told Reuters.

Fight for freedom transcending borders

“Freedom is conquered every day as long as we are ready to fight for her. This is the reason why the cause of Venezuela transcends our borders,” she said in the transcript of her prepared speech.

“A people that chooses to be free not only liberates itself, it contributes to the whole of humanity.”

In 2024, Machado was barred from running in the presidential election despite having won the opposition’s primary by a landslide. She went into hiding in August 2024 after authorities expanded arrests of opposition figures following the disputed vote.

The electoral authority and top court declared President Nicolas Maduro the winner, but international observers and the opposition say its candidate handily won and the opposition has published ballot box-level tallies as evidence of its victory.

‘Fragile’ democratic institutions

In her speech, Machado said Venezuelans did not realize in time that their country was sliding into what she described as a dictatorship.

“When we understood how fragile our institutions had become, it was already too late,” Machado said.

Referring to the late president Hugo Chavez, who was elected in 1999 and held power until his death in 2013, she said: “When the ringleader of a military coup against democracy was elected president, many thought that charisma could substitute the rule of law.”

“Since 1999, the regime has dedicated itself to dismantle our democracy.”

President Nicolas Maduro, in power since 2013, says US President Donald Trump is trying to overthrow him to gain access to Venezuela’s vast oil reserves and that Venezuelan citizens and armed forces will resist any such attempt.

Venezuela’s armed forces are planning to mount a guerrilla-style resistance or sow chaos in the event of a US air or ground attack, according to sources with knowledge of the efforts and planning documents seen by Reuters.

Dedicated to Trump

When Machado won the Nobel Peace Prize in October, she dedicated it in part to Trump, who has said he himself deserved the honor.Dedicated to Trump

She has aligned herself with hawks close to Trump who argue that Maduro has links to criminal gangs that pose a direct threat to US national security, despite doubts raised by the U.S. intelligence community.

The Trump administration has ordered more than 20 military strikes in recent months against alleged drug-trafficking vessels in the Caribbean and off Latin America’s Pacific coast.

Human rights groups, some Democrats and several Latin American countries have condemned the attacks as unlawful extrajudicial killings of civilians. – Rappler.com

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Crucial Fed Rate Cut: October Probability Surges to 94%

Crucial Fed Rate Cut: October Probability Surges to 94%

BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. This jump indicates that traders and analysts are now overwhelmingly confident that the Federal Reserve will lower interest rates next month. Such a high probability suggests a strong consensus emerging from the Fed’s latest communications and economic outlook. A Fed rate cut typically means cheaper borrowing costs for businesses and consumers, which can stimulate economic activity. But what does this really signify for investors, especially those in the digital asset realm? Why is a Fed Rate Cut So Significant for Markets? When the Federal Reserve adjusts interest rates, it sends powerful signals across the entire financial ecosystem. A rate cut generally implies a more accommodative monetary policy, often enacted to boost economic growth or combat deflationary pressures. Impact on Traditional Markets: Stocks: Lower interest rates can make borrowing cheaper for companies, potentially boosting earnings and making stocks more attractive compared to bonds. Bonds: Existing bonds with higher yields might become more valuable, but new bonds will likely offer lower returns. Dollar Strength: A rate cut can weaken the U.S. dollar, making exports cheaper and potentially benefiting multinational corporations. Potential for Cryptocurrency Markets: The cryptocurrency market, while often seen as uncorrelated, can still react significantly to macro-economic shifts. A Fed rate cut could be interpreted as: Increased Risk Appetite: With traditional investments offering lower returns, investors might seek higher-yielding or more volatile assets like cryptocurrencies. Inflation Hedge Narrative: If rate cuts are perceived as a precursor to inflation, assets like Bitcoin, often dubbed “digital gold,” could gain traction as an inflation hedge. Liquidity Influx: A more accommodative monetary environment generally means more liquidity in the financial system, some of which could flow into digital assets. Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. The financial landscape is always evolving, and the significant surge in the probability of an October Fed rate cut is a clear signal of impending change. From stimulating economic growth to potentially fueling interest in digital assets, the implications are vast. Staying informed and strategically positioned will be key as we approach this crucial decision point. The market is now almost certain of a rate cut, and understanding its potential ripple effects is paramount for every investor. Frequently Asked Questions (FAQs) Q1: What is the Federal Open Market Committee (FOMC)? A1: The FOMC is the monetary policymaking body of the Federal Reserve System. It sets the federal funds rate, which influences other interest rates and economic conditions. Q2: How does a Fed rate cut impact the U.S. dollar? A2: A rate cut typically makes the U.S. dollar less attractive to foreign investors seeking higher returns, potentially leading to a weakening of the dollar against other currencies. Q3: Why might a Fed rate cut be good for cryptocurrency? A3: Lower interest rates can reduce the appeal of traditional investments, encouraging investors to seek higher returns in alternative assets like cryptocurrencies. It can also be seen as a sign of increased liquidity or potential inflation, benefiting assets like Bitcoin. Q4: Is a 94% probability a guarantee of a rate cut? A4: While a 94% probability is very high, it is not a guarantee. Market probabilities reflect current sentiment and data, but the Federal Reserve’s final decision will depend on all available economic information leading up to their meeting. Q5: What should investors do in response to this news? A5: Investors should stay informed about economic developments, review their portfolio diversification, and assess their risk tolerance. Consider how potential changes in interest rates might affect different asset classes and adjust strategies as needed. Did you find this analysis helpful? Share this article with your network to keep others informed about the potential impact of the upcoming Fed rate cut and its implications for the financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Fed Rate Cut: October Probability Surges to 94% first appeared on BitcoinWorld.
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