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Sat 26 Jan, 2008 06:26 pm
Chavez Urges Latin American Allies to Begin Withdrawing Billions of Dollars From U.S. Banks
IAN JAMES
AP News
Jan 26, 2008 13:21 EST
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.
Chavez made the suggestion as he hosted a summit aimed at boosting Latin American integration and rolling back U.S. influence.
"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 noted that U.S. Secretary of State Condoleezza Rice visited Colombia in recent days, saying "that has to do with this summit."
"The empire doesn't accept alternatives," Chavez told the gathering, attended by the presidents of Bolivia and Nicaragua and Cuban Vice President Carlos Lage.
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."
To help pool resources within the region, Chavez and other leaders were setting up a new development bank at the summit of the Bolivarian Alternative for the Nations of Our America, or ALBA.
The left-leaning regional trade alliance first proposed by Chavez is intended to offer an alternative, socialist path to integration while snubbing U.S.-backed free-trade deals.
Nicaraguan President Daniel Ortega joined Chavez in his criticism of U.S.-style capitalism, saying "the dictatorship of global capitalism ... has lost control." Three days earlier, Ortega had shouted "Long live the U.S. government" as he inaugurated an American-financed section of highway in his country.
On Saturday, Chavez welcomed the Caribbean island of Dominica into ALBA, joining Nicaragua, Bolivia and Cuba. Attending as observers were the prime ministers of Antigua and Barbuda and St. Vincent and the Grenadines, along with officials from Ecuador, Honduras, Haiti and St. Kitts and Nevis.
The ALBA Bank is to be started with $1 billion to US$1.5 billion of capital, Venezuelan Finance Minister Rafael Isea said Friday, according to the state-run Bolivarian News Agency.
Hugo de puta, porque no te callas, pendejo?
contrex, you dont support free speech? Why would any country or person not feel a need to protect their fortunes against the volatile and troubling American economic crisis?
http://www.military.com/Opinions/0,,Topol_112404,00.html
The wretched life continues
and let the consumers
enjoy the compassionate consumptions.
blueflame1 wrote:contrex, you dont support free speech?
I was trying to be facetious and practising my Spanish at the same time; I think Chavez is absolutely right to advise this. However I did not like the way he behaved at the summit in November when he insulted José María Aznar and José Luis Rodríguez Zapatero.
That was a nice ironic comment anyway, Contrex, and a pun...
Thank you, Francis. I am glad somebody noticed! Personally, if I were Rey de Epaña (deliberate misspelling) I would have added ¡joder! or ¡chinga tu hermana y tu mama! as well, and maybe slapped my right upper arm with my left hand and simultaneously raised my right fist...
I am in two minds about Chavez, Castro, etc. I like the idea of a counterbalance to US influence in the region, and I like Latin America, (I watch a lot of Ricardo Darin films) but I don't think I'd like to live under a communist dictatorship.
contrex, I didn't think Chavez was off base with his comments on José María Aznar. It'a all those dead in Iraq that call for plain speaking and prtocol and diplomatic nicities make a convenient shield for mass murderers. Like immunity for torture for Rumsfeld because of his position in government. Azner certainly defied his nation in joining Bushie in lying us into war. I wouldn't like living in a communistic dictatorship either. Dont much like corporate fascism either which in my opinion needs enemies like Chavez and Castro who have legit gripes. There's plenty of evidence that Wall street bankrolled the Bolshevik Revolution. What a lucrative investment creating enemies has been.
blueflame1 wrote:contrex, I didn't think Chavez was off base with his comments on José María Aznar.
I don't like Aznar at all. I am a big fan of José Luis though. I hated what Aznar did after 11-M, and so, it seems, did the Spanish electorate.
Interesting - if they have enough deposits in one particular bank, they could spark a financial crisis by withdrawing those funds.
Of course, I'm not sure that I'd trust a south american bank as much as a US bank - that of course may only be because I know nothing about them, and the politics involved.
contrex, imo Zapatero is a very great improvement.
Interesting. (the article that is)
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