Iran and Venezuela plan anti-U.S. fund

[maddezmom]

CARACAS, Venezuela - Venezuela's Hugo Chavez and Iran's Mahmoud Ahmadinejad — fiery anti-American leaders whose moves to extend their influence have alarmed Washington — said Saturday they would help finance investment projects in other countries seeking to thwart U.S. domination.

The two countries had previously revealed plans for a joint $2 billion fund to finance investments in Venezuela and Iran, but the leaders said Saturday the money would also be used for projects in friendly countries throughout the developing world.

"It will permit us to underpin investments ... above all in those countries whose governments are making efforts to liberate themselves from the (U.S.) imperialist yoke," Chavez said.

"This fund, my brother," the Venezuelan president said, referring affectionately to Ahmadinejad, "will become a mechanism for liberation."

more:http://news.yahoo.com/s/ap/20070114/ap_on_re_la_am_ca/venezuela_chavez

[Dover]

1. "Anti-American" or Anti-Imperialist Corporate Global Takeover?

Hmmmm.....which is it?....which one?....:think:

[hogwyld]

5. 2 peas in a pod my brother

Aren't they both basically the same?

[David__77]

7. U.S. is an imperialist country.

I'm not bothered by "anti-U.S.," as this refers to the state ruling this country's people and not necessarily the people itself. Similarly, many Poles were "anti-Soviet," but not against the bulk of peoples of the USSR.

I'm glad that they are seeking to allow new paths of development outside the realm of U.S. coercion. China and Russia have roles they need to play in that regard as well.

[lligrd]

2. I Just Wonder Why The Rest Or The Countries

haven't signed up yet. Even I am scared of America and I am an American.

[scarletwoman]

3. Certainly can't blame them. It's tough being a small power while the ravening U.S. hegemon

is trying to take over the whole damn planet.

I'd be looking for allies, too.

sw

[wbsong]

4. peaceful coexistence

The peaceful coexistence is the main flow in the world, we are supporting!!

[newyawker99]

6. Hi wbsong!!

Welcome to DU!! :toast:

[Say_What]

8. WTF: *alarmed Washington*?? More Associated Propaganda brough to you by the AP

If this wasn't so pathetic it would be funny. After bombing Afghanistan and Iraq back to the stone age, the USSA is now setting its sites on Iran and the Washington is alarmed? Only the BushWIPES would buy into that twisted logic.

[NashVegas]

9. And How Will This Money Get Around

If no one will agree to be their bankers?

That's the weapon the Western world holds over them.

[maddezmom]

10. Venezuela's Banking is going be nationalized

according to reports I've read so I'm wondering if some of the other countries he's planning on supporting will be or are already. Not really sure. Good question. :hi:

[Judi Lynn]

11. Is THIS what you're referring to?

Venezuela's revolution accelerates

Stuart Munckton
12 January 2007

Chavez also said the government should gain control over the autonomous Central Bank of Venezuela, which has attempted to resist handing over parts of its sizeable reserves to fund development projects, stating that this autonomy was a “neoliberal idea”.
(snip)

http://www.greenleft.org.au/2007/694/36058

The Venezuelan Government's Central Bank is the only bank which has been in the news reports from Venezuela recently.

Maybe this information will be helpful:

The other major reform in the Bank’s legislation came about on December 4, 1992, when the BCV was given administrative autonomy, turning it into a public legal entity. Until then, the Bank had been corporate in nature, a situation reflected in the make-up of its directorship. Now, this was replaced by a collegiate body of seven members, a president and six directors, who were chosen by the President of the Republic. These officials serve for terms of six years – two years longer than a political term, thus avoiding a constant chain of political appointments. The president’s appointees must be approved by a two-thirds majority in the Senate, while the Executive’s representative in the Bank’s directorship is limited to just one director, who can never be the Treasury Minister. Another new aspect introduced by this reform was the express prohibition of granting direct credit to the National Government, as well as the establishment of a regulation obliging the Republic to replenish the Bank’s assets whenever it incurs losses due to the Republic’s policies.

The Central Bank’s current framework has been adjusted to meet the challenges and currents of a globalized world, where institutions such as the BCV use and value their independence as a means of reacting to the great changes occurring in the financial, banking and monetary spheres. In other words, the BCV has a very well-defined task with relation to three variables: money, credit and the exchange rate. The aim is to contribute to three overarching objectives: monetary stability, economic balance and well-ordered economic development.
(snip)

http://200.74.218.51/EnglishVersion/c3/index.asp?secc=history

[maddezmom]

12. yes... without reading the entire article

so wouldn't the gov't be able to control monies given to other countries? I'm not even sure now if the US etc can stop Venezuela from donating to other countries now. :shrug: