Chavez says gold being flown back to Venezuela

[Judi Lynn]

Chavez says gold being flown back to Venezuela
updated 2 hours 1 minute ago 2011-11-25T18:23:59

CARACAS, Venezuela — Venezuelan President Hugo Chavez says a shipment of gold is being flown to Caracas as the government withdraws its gold reserves from U.S. and European banks.

Chavez said in a televised speech that the first shipment of gold is arriving on a flight Friday. He says the gold was previously held in Britain.

Chavez announced in August that his government would repatriate all of the gold reserves held in the U.S. and Europe, about 211 tons.

The leftist president has said his decision is aimed at helping to protect the oil-producing country from economic troubles in those countries.

http://www.msnbc.msn.com/id/45437800/ns/business-stocks_and_economy/

[Peace Patriot]

1. Makes one wonder about possible U.S. & Brit/EU plans to shore up

...their rich pals and banksters with yet another oil war.

Venezuelans probably know that the people of the U.S. can do absolutely nothing about it. We have no rights and no say over our country making war with billions of our tax dollars and killing masses of people in our name. Even the Scumbag Diebolded Congress has no say--not even consulted about Libya. Presidential war by fiat. USAF drone bombers flying all over the world killing people in Libya, Yemen, Afghanistan,Colombia (yup) and God only knows where else.

So there's that. Our Corporate Rulers may want to kill some more "foreigners" as a distraction, but mostly to gain control of the biggest crude oil reserves on earth and to end Venezuelans' "New Deal" (--bad example to the rest of us--free education through college, free universal medical care and all that).

On another front (or a parallel front), Exxon Mobil has been gunning for the Chavez government for some time, ever since the Chavistas renegotiated the oil contracts insisting on a fairer deal for Venezuela (50% of the profits for schools, health care and other benefits to the poor--as opposed to the meager 10% that the rightwing oil elite was mostly pocketing, prior to the Chavez government). Exxon Mobil walked out of those talks and into a "first world" court to try to freeze $12 billion in Venezuela's assets. Exxon Mobil would literally take food out of the mouths of poor children and books out of their hands, in their greed for ALL the profits. They lost that legal round but are still trying to rob Venezuela's poor.*

Could be the Chavez government got wind of something on the Exxon Mobil front.

CLEARLY they don't want Venezuela's gold to be in a position to be seized.

Recently, the U.S. government declared some bullshit unilateral "sanctions" against Venezuela, apropos of nothing. Venezuela has a far, FAR better human and civil rights record than the U.S. They don't have the death penalty. They don't torture prisoners. They don't invade other countries and slaughter tens of thousands of their citizens. And, according to the UN Economic Commission on Latin America and the Caribbean, Venezuela is now "THE most equal country" in Latin America on income distribution. Equitable income distribution is one measure of the health of a democracy. The U.S. has one of the worst records on earth on inequitable income. Furthermore, Venezuela has an honest, transparent voting system with high public participation, whereas the U.S. has, literally, the worst vote counting system in the world and one of the filthiest election systems. So what is the U.S. "sanctioning" Venezuela for, except to demonstrate, once again, that we have a government of assholes, no matter which party is fronting for them.

Could this have rung the alarm in Caracas that the U.S. corporate/war profiteer assholes are planning something?

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*(Six or seven other oil companies stepped into the breach left by Exxon Mobil's walkout including, recently, China in a big oil deal with Venezuela. So Exxon Mobil's fatcats are probably steaming over their lost opportunity.)

[naaman fletcher]

2. this is the real thing that will piss off the US

All of that gold was borrowed and sold by short sellers, now it will have to be replaced.

[ChangoLoa]

3. A sure collateral for the Chinese credits

The Chinese asked for this gold to be kept in safe place, far from the possibility of assets' freezing.