Hugo Chavez To Pull Gold Reserves Out Of US And Europe - Page 2

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Author	Replies: 57 / Views: 3,946	Page: of 4

GoThunder Pillar of the Community United States 830 Posts	Posted 08/18/2011 11:15 pm Nope, they took over the oil companies operations that were there doing business. In other words they stole all the equity the companies had invested in Venezuela. The result is now no outside company wants to invest in developing the Venezuela oil fields and they are doing a much worse job of it themselves. Now they have done the same thing to any mining company that was doing business there. He's just a dictator running the country into the ground IMHO. Report this Post to the Staff
Ricardocody Pillar of the Community United States 1204 Posts	Posted 08/18/2011 11:18 pm Venezuela is a giant productor of oil and natural gas what make me believe they realy could own a lot of gold ! Report this Post to the Staff
mmerlinn Valued Member United States 302 Posts	Posted 08/19/2011 04:23 am Quote: i thought when you nationalize oil reserves it means instead of buying it from other countries they start drilling their own at home. Nope. It means the government STOLE the property of the companies that paid for those reserves. If your house is nationalized, it means the government STOLE it from you and you now must move or pay the government to stay there. The government may or may not, at their option, pay you anything for your house. Eminent domain is a low key type of nationalization. You have no say in the matter. Report this Post to the Staff
junior e Pillar of the Community United States 931 Posts	Posted 08/19/2011 08:01 am Chavez is very popular in Venezuela, and he even has his own TV show! This move is the polar opposite of England's move to sell all of their gold reserves at around $300 US. I don't blame him. If I had millions or billions of dollars worth of gold in a country as messed up as Great Britain or the US I would want to bring it home too. It does make me wonder if he has plans to do something dastardly that would result in his funds being confiscated or frozen in all Western nations. Edited by junior e 08/19/2011 08:03 am Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 08/19/2011 12:58 pm Quote: If I had millions or billions of dollars worth of gold in a country as messed up as Great Britain or the US I would want to bring it home too. "Messed up" Britain and the US are not so "messed up" when placed in context with a 3rd world tinpot dictator ruining the once-fairly prosperous country of Venezuela. And do not overestimate Chavez's popularity in his own country, his approval rating is alot lower that he would have you believe and there are thousands of persecuted Venezuelan citizens that would rather just do a double tap to the temple on him I suspect this has little to do with the worldwide economic situation and alot more to do with being able to trade gold for weapons that Chavez covets so much. Chavez's supply of dollars is slowly getting choked off and his international financial transactions are under scrutiny. It is much easier to pay Iran, Russia, and North Korea in gold for illicit arms shipments than it is to make a bank-based financial transaction. Gold= untraceable, just the way Chavez wants it to be... Edited by biokemist6 08/19/2011 1:01 pm Report this Post to the Staff
Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 08/19/2011 3:08 pm "untraceable" Yes, no need to launder gold eh, but like a finger print, one would think it could be tracked easily by certain powers to be if they felt a need to do so.... Edited by Silverhawk74 08/19/2011 3:08 pm Report this Post to the Staff
nod2003 Pillar of the Community United States 3294 Posts	Posted 08/19/2011 3:14 pm How would it be tracked? Unless he has tons of it here, you could move it around in a car. Report this Post to the Staff
nohope587 Pillar of the Community United States 5953 Posts	Posted 08/19/2011 3:48 pm We pulled out of Venezuela it was either leave or get taken over (Nationalized) so now we have no office there. At the time it accounted for about 15% of our company revenue. Chevron used to own lease on huge blocks in Venezuela they got nationalized! Report this Post to the Staff
nod2003 Pillar of the Community United States 3294 Posts	Posted 08/19/2011 4:37 pm Seriously in Chevron's position, I would have been thinking about poisoning the well. That would have taught Chavez, and it would make other countries think twice before trying it as well. Report this Post to the Staff
Ron2012Paul Valued Member 175 Posts	Posted 08/19/2011 5:38 pm Well I was way off with what I thought he was doing but I still can't blame the guy for pulling his gold reserves from the U.S. and Europe. Report this Post to the Staff
nohope587 Pillar of the Community United States 5953 Posts	Posted 08/19/2011 6:33 pm At this stage with things so uncertain I too would want to have my wealth close at hand... Report this Post to the Staff
mkfarm Pillar of the Community United States 667 Posts	Posted 08/19/2011 6:49 pm Chavez may also have noticed what is happening to oil, which supplies around 95 percent of Venezuela's national revenues. In a nosedive of the global economy, oil prices will seriously tank but gold prices could go on growing. Simply to buy food and for him to survive as a leader, it will be handy to have those 210 tons of yellow metal on site and in place. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 08/19/2011 6:55 pm Quote: Chavez is very popular in Venezuela They said the same about Hitler in Germany in the 1930s... and we all know how well that worked out for him and for them. Report this Post to the Staff
rdlem Valued Member United States 187 Posts	Posted 08/19/2011 8:56 pm Quote: Quote: nationalized the country's oil reserve I wouldn't call that a good thing myself. I'd say probably a good thing for Venezuela, bad thing for US oil companies who had interests there. US corporations are known for their sometimes severe lack of fairness in dealing with countries we can politically dominate. Hugo has our (US) ire for saying no to our foreign policy. His country a target of campaigns aimed at fomenting revolution (see Egypt, Libya, Syria, etc.. Also read Naomi Klines Shock Doctrine and John Perkins Confessions of an Economic Hitman) forcing strong man dictatorial control of his country and it's resources. Much of South America like him, even Columbia who until recently was particularly chummy with the US, but is now also quite friendly with Venezuela and Chavez (noteworthy because they had been somewhat hostile toward each other). Since 1998 when Hugo first became President the economy of Venezuela has grown from 100b to 300b annually. ---------------------------------------------------------- Judgements from a biased US media about human rights of other countries are unfair and hypocritical. The US for instance has the highest % and total number of incarcerated people in the world, and we are now known for holding people without trial and under duress or torturous circumstances (Bradley Manning and Guantanamo). Also any judgements about other countries economic fairness are also hypocritical as evidenced by the quote below from Naturalnews.com editor Mike Adams in an article chronicling the FDA's armed raids on raw milk and other natural foods producers. "What you see from this is a pattern of government-sponsored terrorism against innocent Americans and small business people; all done in the name of "protecting" the public from milk, walnuts, vitamins, plants or fruit extracts. The real reason behind all this, of course, is that the FDA has long waged a campaign of fear and intimidation against natural product providers for the sole purpose of destroying the natural products industry and thereby handing Big Pharma a monopoly over health treatment medicine". see also Media and the IRAA/judicial system revolving door. (Former lobbyists and lawyers for the IRAA placed as judges and given cases involving copyright) Monsanto vs Farmers (a chemical company dominating agriculture) and there's plenty more of these... --- I am no Hugo Chavez fanboi but it's easy to see with a little looking that what we hear about him is quite one sided. State Media aka the Ministry of Truth aka CBS/ABC/NBC/FOX et all are not honest outlets of information. They are backers and propagandists for the system that is failing us all. Thank god for the intertubes. ..now where'd I put that box of nickels I need to calm down. Report this Post to the Staff
GoThunder Pillar of the Community United States 830 Posts	Posted 08/19/2011 9:10 pm Quote: I'd say probably a good thing for Venezuela, bad thing for US oil companies who had interests there Short term yes, long term no...unless you like to discourage...edit... KILL all free enterprise and line the pockets of ...edit.. CRAZY dictators long term. Edited by GoThunder 08/19/2011 9:57 pm Report this Post to the Staff
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