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Venezuela pulling out of IMF, World Bank
AP via Yahoo ^
| April 30, 2007
| Jorge Rueda
Posted on 04/30/2007 7:57:23 PM PDT by jdm
click here to read article
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1
posted on
04/30/2007 7:57:28 PM PDT
by
jdm
To: jdm
Hugo is taking hard turn to the Left. The dimocRATS will be right behind him if they win in 2008.
To: jdm
3
posted on
04/30/2007 7:59:49 PM PDT
by
A CA Guy
(God Bless America, God bless and keep safe our fighting men and women.)
To: jdm
HAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAH...ok ok
Ok... ok
hahahahhahaha
4
posted on
04/30/2007 8:03:24 PM PDT
by
Eyes Unclouded
(We won't ever free our guns but be sure we'll let them triggers go....)
To: Eyes Unclouded
I have composed myself enough to say:
I'm planning on a Freeper BBQ when the great new Bolivar goes broke after oil goes back down and has to come back hand out and rails against us for not giving him money.
hahahahahhahahhahhahhahahaha!
5
posted on
04/30/2007 8:05:10 PM PDT
by
Eyes Unclouded
(We won't ever free our guns but be sure we'll let them triggers go....)
To: jdm
I guess this writer does not know how to spell COMMUNIST DICTATOR ... so he uses leftist... let us call a spade, a spade.
6
posted on
04/30/2007 8:05:49 PM PDT
by
EagleUSA
To: jdm
Frankly, I think that WE need to withdraw from (1) the United Nations AND (2) the World Banque.
Phuque both of these ANTI-AMERICA, ANTI-FREEDOM (except where it financially “suits” them) “organizations”......
7
posted on
04/30/2007 8:06:53 PM PDT
by
Howie66
(To the RAT Party: How can I question your patriotism? You have none, so what's your point?)
To: Howie66
I agree. Its all about the sovereignty. Every time we sign on the dotted line, other nations have influence over our decisions.
8
posted on
04/30/2007 8:14:05 PM PDT
by
uptoolate
(If it sounds absurd, 51% chance it was sarcasm.)
To: Parley Baer
He is taking a hard turn to the left? You have to be kidding.. I think he owns the word "left". I dont think he can move anymore left then he already is.
9
posted on
04/30/2007 8:14:11 PM PDT
by
cdnerds
(cdnerds.com)
To: jdm
Code Pink says: Pullllll outtttt Nowwwww!
10
posted on
04/30/2007 8:14:24 PM PDT
by
mylife
(The Roar Of The Masses Could Be Farts)
To: jdm
Hi jdm:
The World Bank was not very nice to Venezuela — this was long before Chavez’s time. What happened was that the World Bank had a habit of making loans to poor countries to build their infrastructure.
The conditions are that the country MUST use the engineering firms of the nation doing the lending. (Think Bechtel) They cannot spend the money in country.
So, Bechtel builds a bridge or a water purification system or a highway — but Venezuela can’t pay the money back according to the terms — since the project does not pump revenues in the immediate future. Meanwhile, Venezuela has put up their oil fields or other natural resources as collateral.
These resources are then seized by companies affiliated to the lending nation. (Think Exxon)
As a result of these practices, the WorldBank has a not so good reputation with developing nations.
The significant thing about Venezuela’s recent statement is that they are joining the Iran Oil Bourse — which plans to sell oil for Euros. If you have dollars, you can’t buy oil. This is going to cause big problems for the United States.
We’re seeing the very beginnings of what’s about to happen.
To: jdm
I don’t know which I like least, the IMF of Chavez. Oh well.
12
posted on
04/30/2007 8:16:55 PM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Moonman62
I dont know which I like least, the IMF of Chavez. Oh well. To quote Alan Greenspan..., "It is a conundrum"!
13
posted on
04/30/2007 8:22:19 PM PDT
by
ExSES
(the "bottom-line")
To: uptoolate
Its all about the sovereignty. Every time we sign on the dotted line, other nations have influence over our decisions.
And this is what we get with a government full of one-world utopians who think our enemies can be bought with money and soverignty to turn them into “friends”.
14
posted on
04/30/2007 8:24:38 PM PDT
by
EagleUSA
To: jdm
Is not House Majority Leader and DEMOCRAT Pelosi soon to be on her way to personally experience his prowess?
15
posted on
04/30/2007 8:24:44 PM PDT
by
Mad_Tom_Rackham
(Elections have consequences.)
To: jdm
http://www.freerepublic.com/focus/f-news/1826145/posts
Hold on Hugo! Bella Puglosi is on the way!
16
posted on
04/30/2007 8:31:19 PM PDT
by
Just Lori
(There is nothing "democratic" about Democrats.)
Comment #17 Removed by Moderator
To: Sleeping Beauty
A switch from the Dollar backed oil to the Euro backed oil will suddenly take a lot of money out of America because of the conversion difference.
That could be very bad for all kinds of investment and lending affecting interest rates, availability of money, and inflation.
You are so right.
18
posted on
04/30/2007 8:50:11 PM PDT
by
o_zarkman44
(No Bull in 08!)
To: EagleUSA
19
posted on
04/30/2007 8:51:35 PM PDT
by
stephenjohnbanker
( Hunter/Thompson/Thompson/Hunter in 08! Or Rudy/Hillary if you want to murder conservatism)
To: jdm
It seems like he’s doing this right before he nationalizes the oil fields tomorrow for May Day, so they can’t try to impose economic consequences.
20
posted on
04/30/2007 8:55:08 PM PDT
by
aynrandfreak
(Who would turn out better if we split into two separate countries based on the '04 Presidential Map?)
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