Venezuela to Buy Up to $1 Billion in Argentine Bonds, Bush a threat

[cal04]

Chavez Says Venezuela to Buy Up to $1 Billion in Argentine Bonds, Calls Bush a Threat

Venezuelan President Hugo Chavez said his government hopes to buy as much as $1 billion (euro820 million) in Argentine bonds and called U.S. President George W. Bush a danger to the world as he arrived for the U.N. summit in New York.
Chavez, whose comments were carried by Venezuelan state television, said his plan to buy more Argentine debt is part of an effort for Latin America to turn away from "imperialist" U.S.-backed institutions like the International Monetary Fund. "We have the intention, hopefully, to reach up to $1 billion soon," Chavez told reporters outside the Venezuelan consulate before meeting Argentine President Nestor Kirchner Thursday on the sidelines of the U.N. summit.

Venezuela has already bought $500 million (euro409 million) in Argentine bonds this year in what Chavez calls an effort of solidarity to boost integration among South American countries. Chavez, a fierce critic of the American government, said Bush poses a grave danger to other countries."Mr. Bush represents the most crude and savage imperialism that threatens the world," Chavez said.

Coming into the summit, diplomats had to dilute a document on goals for tackling rights abuses, terrorism and U.N. reform because they couldn't settle their disputes. Chavez called the document "illegitimate," saying a number of countries weren't consulted. "I think it's a document sealed with a strong imperialist tint," Chavez said. He said it could be used to justify "preventive war" as in Iraq.

"If the United States tomorrow or the next day decides that Argentina puts in danger some citizens, then they have the right to protect the Argentines, invade them, and then lay out there a formula for 'reconstruction and peace'," Chavez said. Later, he added, the Americans "come with their companies to rebuild."

http://ap.tbo.com/ap/breaking/MGBC6XHQNDE.html

[aquart]

1. I worry that we don't worry him.

I know we never managed to off Castro...but there's Allende. And we spend money on tiny minds who spend all day, every day, trying to figure out how to get this guy.

[arikara]

2. Fortunately, the dark side is spread thin now

what with all of their costly misadventures; and floundering more and more themselves. I believe that Chavez is smarter than them.

[DLnyc]

9. Good point. When we're all afraid, they can pick off the loud ones one at

a time. But once people all over start standing up to the bully, his power turns out to be quite limited.

That's one reason it's good that people here, and *all over the world*, are speaking up.

As Jim Morrison said, "They got the guns, but we got the numbers."

[stillcool]

3. he has repeatedly said....

that if anything happens to him it will be at the hand of Bush. Who doesn't America worry?

[Miss Chybil]

4. Haven't you noticed the big rip in the US paper tiger? nt

[Say_What]

5. Although there are great similarities between how the US overthrew

Allende and how they're trying to destablize and overthrow Chavez, the big difference here is OIL. Chile had copper (owned by US companies) and even though the Chilean government nationalized their own resources, the price for copper was set outside of Chile and the US was able to flood the market thereby making the price go down. Uncle Sam also stopped all financial aid to Chile and just today the US government decertified Venezuela. But Venezuela has OIL and I read that there was a very large reserve of natural gas just discovered. These are the differences that may save Chavez. That and the fact that he brings to the attention of the world that his life is continually threatened by Venezuela's ugly neighbor to the north.

The attempted coup didn't work, the 'opposition' trying to destabilize the Venezuelan economy didn't work, and now they're gonna try to cut off funds (except of course to the opposition). But if they wanna play that game Hugo can cut off oil and the USSA can't afford that. IMHO Hugo has a far greater chance than Allende because of OIL and rich natural resources--add to that the agreements he's forged with China, India, and other large energy consumers and the fact that LatAm for the first time is uniting--and it's about f*ck'n time. Just my 2 cents.

[bemildred]

6. Not to worry:

Jackals and Jackasses

Certainly, after 9/11, Iraq, and now Katrina, die-hard supporters of the incumbent administration have an enormous sunk cost of emotional investment. Their minds, if we are to describe the dead matter in their crania in such terms, plainly operate along the lines of a Winnebago shaman or Congolese witch doctor rather than as a child of Renaissance and Enlightenment.

We herewith christen this pathology the Stalingrad Effect: the tendency of disastrous events and failed policies to bind faithful followers to their leaders.

This syndrome exacerbates whatever toxic effects result from the calamitous policies in the first place. As cogitation slides ineluctably from the empirical to the magical (read, "faith based"), so the policies become ever more irrational in a downward spiral.

All else is mere detail, or should we say, public relations. Just as Goebbels was summoned to rationalize Stalingrad, so is Karen Hughes recalled to carry the crushing hod of explaining to the heathen why the occupation of Iraq at more than $5 billion per month is a Good Thing.

http://www.counterpunch.org/werther09132005.html

This effect is in full flower in the Shrubites, witness the
continued repetition of failed "initiatives", over and over again,
against such terrifying foes as N. Korea, Iran, Syria, and
Venezuela, the continued resort to distractions about personal
sexual matters to avoid any prolonged comtemplation of the ruins
of our economy and social infrastructure, and the complete lack of
credibility that we now enjoy on the international stage.

[Say_What]

13. Venezuelan Oil Exports to China to Increase Five-Fold

Note the last paragraph about building a pipeline through Colombia, which would facilitate oil exports to China from Venezuela. Colombia's Uribe in currently in Washington to pander for more $$$ for the bogus 'war on drugs'. This pipeline will not bode well with the Bushistas.

<clips>

Caracas, Venezuela, September 15, 2005—President Chavez announced, following a meeting with Chinese business representatives, that Venezuela will seek to increase its oil exports to China from 60,000 barrels per day to 300,000 per day—a five-fold increase—by next year. This increase will not decrease Venezuela’s exports to the U.S., explained Chavez.

The meeting between Venezuelan government officials and Chinese business representatives took place in Caracas and closed with the signing of a wide-ranging agreement to expand trade and technology transfer between the two countries. Last year trade between Venezuela and China was $1.4 billion and is expected to reach $2.4 billion for 2005, which is the highest level of trade ever between the two countries.

Among the six main agreements the two sides signed, one involved the creation of a computer manufacturing company, which would build computers in Venezuela’s free trade zone in the state of Falcón. “This will help cover internal demand for this type of equipment, lower costs, and establish a technological pole in this region,” said Gustavo Marquez, the Minister for Integration and Foreign Trade. Other agreements involved health and agriculture.

Venezuela also committed itself to supply China with 1.8 million barrels of fuel oil, for electricity generating plants, once every two months.

http://www.venezuelanalysis.com/news.php?newsno=1756


President Chavez signs agreements with representatives from Chinese businesses. Credit: ABN/Abraxas Iribarren

[Say_What]

14. Major Chevron Venezuela gas find

<clips>

(Venezuela)-Chevron reported a major find of about 6 tcf of natural gas in block 3 of eastern Venezuela's Deltana platform, enough to warrant the country's first liquefied natural gas (LNG) train. The discovery was made at the offshore Macuira 1X exploration well in block 3, with a rate of 51 MMcf/d of natural gas. Chevron was first awarded the license for block 3 in August 2004, and while they announced a significant gas find on block 3 in June, this is the first time the company reported the size of the find.

Venezuela's energy and oil minister and state oil firm PDVSA president Rafael Ramírez said that the size of Chevron's Deltana find is closer to 7 tcf, but that even at 6 tcf it is much more than original reserve estimates. While Chevron currently operates block 3 exclusively, PDVSA has the option to take back a 35% stake of the block once it is declared commercial.

The well is located relatively close to and on trend with the Loran gas field in block 2, where Chevron drilled four successful exploration wells in 2004. Chevron operates block 2 with a 60% stake and fellow US company ConocoPhillips has the remaining 40%.

In addition, Chevron was awarded on Sept. 8 an exploration license for the Cardón III block off the coast of Falcón state in the western Gulf of Venezuela as part of the first stage of the government's Rafael Urdaneta tender. In an interview with BNamercias, Ali Moshiri, the president of Chevron Latin America Upstream, said he is eager to start exploration on Cardón III as soon as possible. Chevron will be required to invest $10mn in the first stage per the licensing agreement.

http://ogj.pennnet.com/articles/article_display.cfm?Section=ONART&C=TOPST&ARTICLE_ID=236803&p=9

[cal04]

7. more Chavez comments today

Chavez told the UN General Assembly that the United States was "a country that does not respect the resolutions of this assembly." To loud applause he took up the call of Latin American revolutionary Simon Bolivar for the UN headquarters to be moved to "an international city" in the southern hemisphere.

"It is time to think about an international city," he said, just before being told that his speech had gone beyond the allotted 15 minutes for each of the 170 heads of state and government leaders at the summit. Chavez took the opportunity to fire a new assault at the US leader, claiming that Bush had been given 20 minutes.

At a press conference after his speech, Chavez said that the United States was a "terrorist state" because of its actions in Iraq, Robertson's assassination call and for harbouring Luis Posada Carriles, who is wanted for the bombing of a Cuban airliner. "It is a terrorist state. It is a government that violates all rules and behaves shamelessly," he said.

"The United States is the champion of double standards. The United States' government defends terrorism. They talk of the fight against the terrorism, but they commit terrorism, state terrorism," said Chavez. The Venezuelan president said the United States had used napalm in Iraq and protects Posada Carriles, who is being held in the United States on immigration charges.

http://www.channelnewsasia.com/stories/afp_world/view/168550/1/.html

[Judi Lynn]

10. It's good he made it to the U.N. with his remarks.

Everything he said needed to be heard immediately.

I hope his courageous posture will serve as encouragement to countries which have been cowering in fear of what our right-wing murderous vandals can do to them.

[Bravo411]

11. Sadly, this won't make the MSM

The media will be focused on domestic issues. Very little of our news contains anything on the International level. It's probably because they don't want the American people to know just how the International community views our government.

[RedCloud]

12. I believe Simón Bolívar had the idea to distrust the USA.

But the UN was created many decades after the death of Simón Bolívar.

[Gregorian]

21. The voice of reason is so good to hear.

Can we speed things up a little? Some of us are getting super tired of the Bullshit.

I heard it wasn't Napalm, but something similar. I'll bet that's the kind of thing that this administration uses to get around the rules.

[Chicago Democrat]

8. South America, Russia, China, India are all KICKING OUR BUTTS

Economically.. ALL THE MONEY IS BEING MADE BY THEM.

[Say_What]

15. ...21st century will be that of Latin America". Hugo Chavez, President

"The 19th was the century of Europe, the 20th was the century of the United States and the 21st century will be that of Latin America". Hugo Chavez, President of Venezuela

[Tempest]

17. And unfortunately...

Thanks to Bush's deficit spending, all of America's money is coming from China, Russia, India and South America.

[Peace Patriot]

19. Interesting thought, Chicago Dem! I was wondering why the war profiteer-

-ing corporate news monopolies were permitting a bit of criticism of Bush to surface (mostly re Katrina, but also, just before Katrina, Cindy Sheehan).

What I was thinking was that, since Bush has spent most of his bought and paid for, Diebold/ES&S-engineered political capital, and is now pretty much a used up, useless, lamebrained, basket-case puppet, they need an efficient, competent War Democrat in there, to run a better war in the Middle East, get a Draft (more cannon fodder needed, and Bush cannot get that done), run the breadlines at home, put down the food riots, throw a sop or two to the masses (like NOT looting Social Security), consolidate their enormous financial and legal gains, and start taking some of the rap for the long term impacts of this fascist debacle, to pave the way for Jeb in '12.

But now I'm thinking it's because U.S.-based global corporate predators and their bankers are starting to hurt, due to the utter mismanagement of everything the Bush Cartel has touched.

I was thinking, about the Iraq war, they've really reached the limit of looting us there (and looting the Iraqis). That's why they quote unquote "bungled" Katrina--to justify more billions to Halliburton, Bechtel, Fluor & Co.

But this infusion of billions of NON-EXISTENT dollars into the pockets of the few is the last squeeze of the lemon.

With several million homeless and jobless from the hurricane alone, on top of the outsourcing of millions and millions of manufacturing jobs and manufacturing facilities, on top of gas prices at $3-4/per, on top of other skyrocketing energy costs, on top of credit card debt with no bankruptcy mercy permitted any more--and on and on and on--the "golden goose" is dead. They have killed the American middle class, and, with it, the American dollar. And the vultures are circling--and already feasting.

So I may have erred on the war side of what they want a War Democrat to do. Somebody HAS TO start taxing the rich (reverse some of their tax cuts). And THAT will be their strategy for imposing Jeb in '12.

U.S. forces will hole up in their 10-15 permanent U.S. bases in Iraq, and hunker down for a while--as the War Democrat tries to stabilize the economy. At the moment, the U.S. cannot really afford to rebuild this large chunk of our country that was blown off the map. It's going to be a further hardship on the poor and middle class, who can't really take any more. The war profiteering corporate news monopolies will try to help us all "forget" Bush and his war--and the projected trillion dollar deficit that he and his Cartel alone are responsible for--and concentrate on retaining as much of their piggish tax cuts that they can. And when the War Democrats get things stabilized, they will be blamed for how they had to do it--cutting more programs, raising taxes--and the Cartel will then come in for this kill, with Diebold and ES&S installing Jeb, to choruses of "It was the tax and spend liberals again!"

I can hear it now.

That is, if we don't get smart, and throw these Bushite-controlled election theft machines, with their SECRET, PROPRIETARY programming code, into 'Boston Harbor'--or a Louisiana levee.

[txaslftist]

16. Yep. He's dead for sure.

[symbolman]

18. Chavez for PREZ!

Can we give him citizenship and run him in this country?

I'm starting to wonder if I should cash out here and move there..

[Megahurtz]

20. Go Hugo! n/t