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  1. #1
    Atomic Punk
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    Default Chavez: Pull reserves from US

    CARACAS, Venezuela - 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."

    To help pool resources within the region, Chavez and other leaders launched 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.

    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."

    Rice left Colombia on Friday after a trip aimed at reviving a free trade deal that has stalled in the U.S. Congress. She sidestepped an opportunity to confront Chavez, who accused Colombia and the United States of plotting "military aggression" against Venezuela.

    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.

    The ALBA Bank is "being born with the aim of boosting development in our countries," Venezuelan Finance Minister Rafael Isea said Saturday as he and other officials gathered at the bank's Caracas office for an inaugural ceremony.

    Isea has said the bank will be started with $1 billion to $1.5 billion.

    Chavez welcomed the Caribbean island of Dominica into the ALBA — an acronym that means "dawn" in Spanish — 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.

    Chavez said a new fund created by Venezuela and Iran to support projects in third countries would have links to the ALBA Bank.
    "Watch what people are cynical about, and one can often discover what they lack.” -- Gen. George S. Patton

  2. #2
    Baluchitherium loveevhsince79's Avatar
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    Quote Originally Posted by voivod View Post

    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.
    I love this crap, smile at us on one side of your face and curse us out the other. Anyone know why we are financing a highway Nicaragua with all of our financial problems?

  3. #3
    Eruption Kevy5150's Avatar
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    Attention whore.
    Respects.

  4. #4
    Atomic Punk MikeL's Avatar
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    It's a threat. We've sold our economic blood to other nations. This will not be the first time a threat like this is made. Our Congress and Presidents have sold us into economic bondage, because it's what we demanded of them. Be afraid.

  5. #5
    Atomic Punk
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    Help is on the way:



    or I can handle it:

    "Nothing is ever what it seems but everything is exactly what it is." - B. Banzai


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  6. #6
    Atomic Punk Dave's Dreidel's Avatar
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    12.17.17 @ 03:33 PM
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    The irony that the world's greatest country has made itself vitally dependent on other countries for many of the the products we use every day is depressing. I don't know whether to laugh or cry!

    I understand the need for a global economy, but you would think we would have learned our lesson about foreign oil in the 1970's, and many others that I could list but wouldn't bore you with.

    As a job I audit publicly traded companies, a couple of them are defense contractors and I chuckle to myself when we are building our military items with 50% of the parts made in China. Might be the biggest long term threat to our nation, but let's use them to build the majority of our parts for our military items. Makes perfect sense to me!
    Taylor Swift is nice to look at. Adele can sing.

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  7. #7
    Baluchitherium loveevhsince79's Avatar
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    Quote Originally Posted by Dave's Dreidel View Post
    The irony that the world's greatest country has made itself vitally dependent on other countries for many of the the products we use every day is depressing. I don't know whether to laugh or cry!
    Corporate greed has made us dependent. Why is it that companies like Honda can build plants here in Marysville, OH and make a profit but GM has to build plants in Mexico so they can stay competitive with cheap labor. And please don't tell me it's all the unions fault. If the corporation would take care of their employees, unions would not be necessary. The UAW has tried over and over to unionize Honda but have failed miserably because they take care of their workers. If companies like GM would have done this to begin with, they would not be in the situation that they are in. A fair wage for a fair days work. Which brings up the other end, workers can't complain when they hide under the cloak of the union's protection but do lousy work. My husband works for a union trucking company and the stories I could tell about workers abusing the system would make your hair stand on end. Then again, when he worked for a company without a union, he was constantly screwed out of money that they told him he would be paid but was not. This country needs a major attitude adjustment both in corporate board rooms and the work force.

  8. #8
    Atomic Punk
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    Quote Originally Posted by loveevhsince79 View Post
    Corporate greed has made us dependent. Why is it that companies like Honda can build plants here in Marysville, OH and make a profit but GM has to build plants in Mexico so they can stay competitive with cheap labor. And please don't tell me it's all the unions fault. If the corporation would take care of their employees, unions would not be necessary. The UAW has tried over and over to unionize Honda but have failed miserably because they take care of their workers. If companies like GM would have done this to begin with, they would not be in the situation that they are in. A fair wage for a fair days work. Which brings up the other end, workers can't complain when they hide under the cloak of the union's protection but do lousy work. My husband works for a union trucking company and the stories I could tell about workers abusing the system would make your hair stand on end. Then again, when he worked for a company without a union, he was constantly screwed out of money that they told him he would be paid but was not. This country needs a major attitude adjustment both in corporate board rooms and the work force.
    you are correct...a union won't win a company if that company takes care of their workers and the irony of Honda and Toyota making some of the best vehicles on the road for decades using a lot of the same people that GM and Ford said could not do the job profitably is overwhelming.

    This country is incredibly dependent on other nations for our financial future...it's a crazy situation...if Chavez is in fact able to organize such a withdrawl, which is doubtful, it will cause major problems, they may go down right along with us, but it will cause significant issues.

    But it's not just that as the world goes we go, it's also as we go the world goes...there's some serious interdependence going on...all these other nations produce all the things we consume. That's why I've been saying for years, the world NEEDS us to be overweight and in debt. If US citizens start saving 10-20% of their income instead of buying "stuff" then the US stops importing as much "stuff." Other countries have become dependent on us to export those things. It's a global economy folks...everything that so many people have been afraid of, New World Order etc, has in a lot of ways already come to pass. It all happened quietly while everyone was waiting for some major anti-christ figure to show up on the scene and make these overt changes to society.

  9. #9
    Forum Frontman It's Mike's Avatar
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    Quote Originally Posted by broken9500 View Post
    you are correct...a union won't win a company if that company takes care of their workers and the irony of Honda and Toyota making some of the best vehicles on the road for decades using a lot of the same people that GM and Ford said could not do the job profitably is overwhelming.

    This country is incredibly dependent on other nations for our financial future...it's a crazy situation...if Chavez is in fact able to organize such a withdrawl, which is doubtful, it will cause major problems, they may go down right along with us, but it will cause significant issues.

    But it's not just that as the world goes we go, it's also as we go the world goes...there's some serious interdependence going on...all these other nations produce all the things we consume. That's why I've been saying for years, the world NEEDS us to be overweight and in debt. If US citizens start saving 10-20% of their income instead of buying "stuff" then the US stops importing as much "stuff." Other countries have become dependent on us to export those things. It's a global economy folks...everything that so many people have been afraid of, New World Order etc, has in a lot of ways already come to pass. It all happened quietly while everyone was waiting for some major anti-christ figure to show up on the scene and make these overt changes to society.

    great post Broken.

    as for the topic at hand I don't think there's a chance Chavez pulls this off.

  10. #10
    Atomic Punk
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    Quote Originally Posted by it's me View Post
    great post Broken.

    as for the topic at hand I don't think there's a chance Chavez pulls this off.
    I don't either. As much as he'd like to believe he's the Man, most people see him for what he is and aren't really interested in doing more than puffing up his ego. Latin America desperately needs a bold leader, the kind of leader Castro could have been and seemed like he might have been but ended up not being. Latin America is still very much in a position where they need to toe the line, so-to-speak, as it pertains to politics with the US, they see what has happened in Cuba.

    I would be more worried about it if someone with legitimate clout were trying to organize this. The United States would be in very dire straights if people took their money out of our banks and put it in other places...

  11. #11
    Eruption lal5150's Avatar
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    would some one please give fidel jr . some toilet paper , so he can clean the crap from his mouth.
    they hate if your the same , and they hate you if your different- evh

 

 

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