Chávez pushes for withdrawal of international reserves from U.S. banks

Chávez pushes for withdrawal of international reserves from U.S. banks

www.iht.com

The president of Venezuela, Hugo Chávez, urged his Latin American allies to begin withdrawing billions of dollars in international reserves from U.S. banks, warning of a looming U.S. economic crisis.

Chávez made the suggestion Saturday as he hosted a summit aimed at increasing Latin American integration and countering U.S. influence.

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

(visit the link for the full news article)

This is another move by Chavez to try and discredit the US and damage its economy even farther. Will any countries follow his lead?

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

reply to post by bakednutz



Here go the run on the banks... International style!