Venezuela follows Zimbabwe in to the abyss - DFWstangs Forums
 
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post #1 of 6 (permalink) Old 08-02-2008, 11:56 AM Thread Starter
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Venezuela follows Zimbabwe in to the abyss

Quote:
President Chávez announces nationalization of Banco de Venezuela
Venezuelan President Hugo Chávez reported on July 31 during an obligatory simultaneous broadcast the steps taken by the government to nationalize Banco de Venezuela, property of Spanish financial group Santander.
http://english.eluniversal.com/2008/...A1867079.shtml
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post #2 of 6 (permalink) Old 08-02-2008, 12:18 PM
BP
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Communist dictators can do pretty much whatever they want.

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post #3 of 6 (permalink) Old 08-02-2008, 12:40 PM
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Should have just re-named it "Banco de Chavez"...

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post #4 of 6 (permalink) Old 08-02-2008, 11:13 PM
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Chavez is on the list...
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post #5 of 6 (permalink) Old 08-03-2008, 02:51 PM
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Quote:
Originally Posted by BP
Communist dictators can do pretty much whatever they want.
And nationalized entities in a communist government always fare well

Chavez is slowly walling himself off from the free world, and aligning himself with communist countries. I look for Venezuela to hit the skids in a few years when their oil infrastructure wears out (same issue that mexico is facing with it's nationalized oil industry pemex).
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post #6 of 6 (permalink) Old 08-03-2008, 06:36 PM
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Quote:
Originally Posted by Denny
Chavez is on the list...
He should have already been checked off.

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

"[T]he people alone have an incontestable, unalienable, and indefeasible right to institute government and to reform, alter, or totally change the same when their protection, safety, prosperity, and happiness require it." --Samuel Adams


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