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Re: Hugo wants his Gold back.....
Hugo wants his gold . . .
Merkel wants her gold . . .
I see the Pentagon budget going nothing but up
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Re: Hugo wants his Gold back.....
Dim. It's dim that it took him so long.Comment
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Re: Hugo wants his Gold back.....
I'm still waiting for our "gold audit", and something tells me i'll be long dead before that ever happens -- IF it ever happens...Comment
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Re: Hugo wants his Gold back.....
I was on a ski lift in Jan 2010 with a guy from Venezuela right before Chavez devalued the Bolivar by 40%. We talked for a good while about his country since the lift had broken down, he went on about politics and how their congress would be changing things politically there and he boasted about the strength of their economy and said emphatically that there is nothing wrong with his country. I saw him a few days later after they devalued and he had the look of death on his face as he was checking out of the Hotel knowing he was going home now perhaps poor since he was very much middle class. Seems we have only just begun our siege, and with all of this talk about vast oil reserves in South America there may be much more to come.Comment
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Re: Hugo wants his Gold back.....
“We think that China, Russia and Brazil have asked Venezuela to transfer the reserves to guarantee the loans that the government has received in recent years,” Montoya said. “President Hugo Chavez has not yet approved the plan.”
"In recent years" the price of oil has been rather buoyant, and Venezuela is an OPEC member. That the country needs to borrow money is in itself an indication of an economy that is anything but "strong". Your friend on the chairlift seems to have been listening to the Venezuelan "bullhorn", and swallowed it whole. Too bad he didn't have any cousins in Argentina. They might have warned him...Comment
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Re: Hugo wants his Gold back.....
Americanos, of course, are insulated from these illusions by their native wit and hard won moxie
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Re: Hugo wants his Gold back.....
Not to mention their exceptional education system?Originally posted by don View PostAmericanos, of course, are insulated from these illusions by their native wit and hard won moxieComment
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Re: Hugo wants his Gold back.....
“There could be substantial risk to gold once the fear that the world is coming to an end subsides,” Junkans said in a telephone interview from Minneapolis.Originally posted by don View PostHugo wants his gold . . .
Merkel wants her gold . . .
I see the Pentagon budget going nothing but up
Gold Market Is a ‘Bubble Poised to Burst,’ Wells Fargo SaysComment
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Re: Hugo wants his Gold back.....
not just back but moving elsewhere . . . Hugo update:
Just days after returning home from another round of chemotherapy in Cuba, Hugo Chavez has ordered billions of dollars in cash and hundreds of tons of gold to be relocated. According to The Wall Street Journal, Venezuela will move the cash from Swiss and English banks to Russia, China, and Brazil while moving hundred of tons of bullion from abroad into its own central bank vaults.
No official statement has been released, but following the U.S. debt ceiling crisis senior Venezuelan officials have been vocal about "a crisis of uncertainty" with their dollar based monetary system.
Banking officials call the move a big risk that could be prompted, in part, by litigation to recover damages from the nationalization of Venezuela's oil fields -- a bill that could range from $10 to $40 billion.
Documents released by Venezuala's foreign minister also mention "the powers of the North" have "pillaged" Libya's European held reserves and notes a plan should be made to avoid a similar fate.
This leads to further speculation about Chavez's cancer, next year's elections, and potentially drastic political maneuvering that could incur international sanctions.
Following the announcement, three lines of credit for $4 billion were extended to Venezuala from China, Russia, and Brazil -- with a portion of the Russian funds specifically slated for military use.
Comment
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Re: Hugo wants his Gold back.....
There you have it. Chavez is no dummy.Documents released by Venezuala's foreign minister also mention "the powers of the North" have "pillaged" Libya's European held reserves and notes a plan should be made to avoid a similar fate.Comment
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