Venezuela Moves Reserves to Europe

Chavez: Venezuela Moves Reserves to Europe

Venezuela has moved its central bank foreign reserves out of U.S. banks, liquidated its investments in U.S. Treasury securities and placed the funds in Europe, Venezuelan President Hugo Chavez said Friday.

"We've had to move the international reserves from U.S. banks because of the threats," from the U.S., Chavez said during televised remarks from a South American summit in Brazil.

Hmm... I wonder if this will be the first of many or is it just a fluke because of that unfortunate little assassination remark?

This will hurt Americans. OK so not lots of them but some who would otherwise not have been hurt.

I guess they will be just lining up to thank those that have spouted their ridiculous paranoid right-wing ideological philosophies for this.

I see the latest is to try and get the US people to buy into the idea of a rogue Venezuelan nuclear bomb these days.

They'll never learn.