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Venezuela's Chavez To Allies: Drain Reserves Out Of US Banks

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posted on Jan, 27 2008 @ 07:10 AM
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Venezuela's Chavez To Allies: Drain Reserves Out Of US Banks


www.rawstory.com

Venezuelan President Hugo Chavez urged his Latin American allies on Saturday to begin withdrawing billions of dollars in international reserves from U.S. banks, warning of a looming U.S. economic crisis.

We should start to bring our reserves here," Chavez said. "Why does that money have to be in the north? ... You can't put all your eggs in one basket."

Chavez warned that U.S. "imperialism is entering into a crisis that can affect all of us" and said Latin America "will save itself alone.
(visit the link for the full news article)




posted on Jan, 27 2008 @ 07:10 AM
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I think Chavez has got it right. Its a good move. If I were him, I would do the same. He can use our collapse to his advantage while providing some security from the impending doom that the world will suffer from a US financial suicide. He will provide a safe haven for allies funds while at the same time pooling resources and becomming a stronger economy.

Obviously the US economy is teetering on the brink of collapse. The only thing holding it up right now is the fact that no one is willing to admit how worthless our currency is.

Face it. We are trillions of dollars in debt. Social security will be bankrupt. There is no hope for a financial future of this nation in its current form. The dollar will be destroyed and replaced.

www.rawstory.com
(visit the link for the full news article)



posted on Jan, 27 2008 @ 12:01 PM
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The Bush admin is doing quite an efficient job of draining all of our reserves by themselves. Not like we really had any reserves to begin with. lol.



posted on Jan, 27 2008 @ 12:09 PM
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Better to change worthless US $ to euro.



posted on Jan, 27 2008 @ 12:18 PM
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reply to post by AllSeeingI
 


Chavez is an Idiot and know one listens to him and know one will. The talk of war with Colombia the other day from him just moves him one step closer to an assassins bullet.



posted on Jan, 27 2008 @ 12:47 PM
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chaves would try and laundry the drug money from south america and the rest of the finacial markets would discredit there finacial institution if you ask me but what do i know



posted on Jan, 27 2008 @ 04:14 PM
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their is going to be much political action taken by many nations as they try to position themselves better as the U.S financial system goes thru some "shock and awe".

our currency is backed by our military might and what once was faith in the u.s banks.

the next president is going to have many many challenges and i dont know if the best man is Ron Paul. He would have been a great choice in 1913 before the federal reserve and irs spread their cancerous web thru the fiber of the nation. But now we are so screwed and i think economists and other intelligent observers have known this for a while, (that we did not have a sustainable standard of living) and that it took reckless policy's to expand credit which temporarily inflated americans sense of wealth to extend the standard of living another 5 or so years.

When all other economic stimulus plans fail to work look for the NAU to become official in hopes of "stimulating official GDP numbers" of course the country's will still exist, just like they do inside the EU, but i bet people will get to redeem their dollars, loony's, and peso for amero's. right now that would could be something like 100 peso= 10 amero 10 dollar=10 amero and 11 looney =10 amero or something with other multiples of this ratio.

Oil will probably be changed to a basket of currency's including the $ , euro, yen , yuan and pound within 18 months.

the dollar does not have to "crash" for all this to happen either. when the u.s finanical system goes in the toilet, all country's will feel the recessionary effects (most all) and they will have similiar political decision which will devalue the money (like handing it out to keep citizens from revolting/revolution) all fiat currency's will probably weaken in tandem.

prob. be left with the amero, euro and some pan-asian currency

i think country's which are more self-sufficient if there are any will do best from the upcoming storm not the one's dependent of export demand, or financial shenanigans creating credit driven "growth".



posted on Jan, 27 2008 @ 06:09 PM
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How dare they not keep their money in American banks ? How dare they even print their own money ? They should be using $ !

[edit on 27-1-2008 by pai mei]



posted on Jan, 28 2008 @ 05:50 AM
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I can guarante that the US economy will not crumble. If you actually watch the stock market you'll find it is extremely over-rated, it's just the MSM making a big fuss about nothing.



posted on Jan, 28 2008 @ 07:39 AM
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Originally posted by cpdaman
the next president is going to have many many challenges and i dont know if the best man is Ron Paul. He would have been a great choice in 1913 before the federal reserve and irs spread their cancerous web thru the fiber of the nation. But now we are so screwed and i think economists and other intelligent observers have known this for a while, (that we did not have a sustainable standard of living) and that it took reckless policy's to expand credit which temporarily inflated americans sense of wealth to extend the standard of living another 5 or so years.


Simply put: It is sink or swim time, my fellow Americans.

Our Government is not going to help us, not going to save us, and will actually hurt us if it suits their agenda. This includes the agendas of elites outside of the U.S.A. who are in opposition to its' current policies and land/resource holdings, such as Venezuala's Chavez. Don't let these Latin American politicians fool you; they typically have very little indigenous Mexican / Bahamas / South American Indians (descendants of inca/maya/aztec) in their governments and elite positions.

Ever wonder why the current Bolivian president looks a bit different than the president's off all the other latin american countries? He's a good bit darker and more reddish toned, with jet black hair and a facial structure clearly more indigenous than European. See, this is the big deception that Latin America's elites are trying to foster in the name of social equality and so forth.

The truth is, almost all of their politicians, especially the most powerful positions, are held by a ruling elite of educated men from well-to-do families that had amassed great fortunes and lands during the Imperial/Colonization period of Central, South, and East America. These latin politicians are usually mixed with straight up Spanish, Portugese, and French blood. Their families come from long lines of elite Spaniard families that emigrated during the expansion and colonization era, and have been ruling their serfs and slaves ever since, as you can see through the poverty of Latin America, still prevalent. So when Chavez or Castro get up there spouting their injustice crap, their crap about the European whites (American whites) trying to dominate the continents and the world. It's all their own set of terrorist fear mongering tools that people like the current U.S. President George Bush have been using just the same.

Make your people fear and hate another people, be it through jealousy, perceived injustice, perceived aggression, faked aggression, fake stories of the U.S.A. infiltrating Venezuala with agents to cause all kinds of terrorist like problems, which is not necessarily true, considering we depend on them for alot of our oil. This is another thing Chaves likes to flaunt over the poor latin american masses: we've got oil under OUR grounds and these Capitalist European Dogs are taking it from us!! Nationalize the resources!"

What is he REALLY saying here? I'll tell you. He's saying that if his companies, and his corporations of choice, albiet from latin american countries take over all of the oil supplies in latin america, buying out U.S. firms and Euro firms or forcing them out (think dutch royal shell, or U.S. amoco/bp), that he and his cronies would have effective control over the resources now, they'd be able to monopolize their own profits in an equally criminal manner to those they seized the resources from. The people wont ever see that money .. much less that oil. Latin America is heavily socialist, but is still capitalist, and their economies run on currency.

I'll take it one further before I go to further expose the secret war Latin America is beginning on North America. Why is Chavez saying take all your money out of U.S. banks and put it here? Do you think Chavez is scared that the Latino peoples will not be able to receive their money from these banks that have always been reputable? I think not. Only an act of aggression through Chavez would cause money investments becoming frozen/seized.

No see.. Chavez wants the money taken out of the U.S. because the U.S. is going through a transitional phase right now, and as such is offguard and weakened in almost all aspects. We are basically inbetween Presidents; sure, Bush is in office, but nobody wants him in there, nor really likes him. So everyone has been bummed .. and now theres some glimmers of hope for the future with the current candidates. It's going through that political transition, and its going through an economical struggle with its' markets, particularly the housing sector, the roofs over our heads. the heaters which keep us from freezing to death. On top of both, it will soon be facing a 3rd struggle, when a new President takes office. Assuming that President will be a Democrat, troop reductions and withdrawls from Iraq would become extremely accelerated and we'd be breaking free of the conflict for the moment, maybe to refocus on Pakistan tribal area / Afghan border. Why can't Pakistan give us permission to pursue up to 20km into their territory? You know ... like Iraq/U.S. gave Turkey permission to do against the Kurd PKK rebels? What gives yo?

Let me paint the picture. Obama is elected to office. Upon taking the helm, it is realized that the Bush Administration went well beyond even what we now know; that they've spent/robbed even MORE money from the people, and that their work seemed almost unfixable. Obama attempts to apply patches to the economy, the military, everything, all while having the largest U.S. debt in history, which doubled to 10 trillion from 5 trillion since the beginning of Iraq war in 2003, amazing huh. 5 trill .. TRILLION. for what.

And so before Obama gets elected, the Latino countries withdrawl all their investments out of the country, now in their home countries. This will leave the Obama administration with even less tools to rebuild America at home and America's rep abroad. But at least then! The people would have high spirits, because Obama is a great speaker, and he would not be too shy to let the entire world know that Latin America was waging an economical war on the U.S., attempting to kick it while it's down, finally casting those so-called socialists like Chavez as the Capitalist villains they are. Sure, they are for the people .. their OWN people, period. Thats bs. That is like national socialism .. you know ..NAZIS?

True socialism is fighting for the rights and comforts of ALL human beings on this planet, even in enemy countries, period. End of discussion. Any man claiming to be a man of the people, a socialist, who tries to economically cause strife among the U.S. people, causing them great financial woes, lay offs.. recession, becoming poor as crap, all because of the mass removal of investments, is no socialist. See, it is clearly an attack on the people! Some socialist, he's only concerned about cha if you live in a country beyond the southern Mexico border.

[edit on 1/28/2008 by runetang]



posted on Jan, 28 2008 @ 03:16 PM
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There is a tax protest circulating on the web urging Americans to withdraw all funds from their FDIC insured accounts on April 15 (tax day) and stay home from work.


Most Important Video on the Internet
9 min - Jan 22, 2008 - (53 ratings)
www.youtube.com...


The Most Important Video on Youtube (response)
3 min - Jan 26, 2008
www.youtube.com...


Sri Oracle

[edit on 28-1-2008 by Sri Oracle]



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