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To: Orange1998

They are still selling their oil in dollars.

Until that changes nothing changes bit fake numbers..


5 posted on 02/08/2013 3:52:06 PM PST by montanajoe
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To: montanajoe

Venezuela already brought home the Gold and then devalued.

Venezuela holds 365 tons of gold abroad, in the form of around 17,000 standard 400-ounce bars, worth some $20 billion.

http://www.globalpost.com/dispatch/news/regions/americas/venezuela/111128/hugo-chavez-gold-elections-socialism

CARACAS, Venezuela — Venezuela’s Hugo Chavez is going for his gold.

The first shipment of more than 200 tons of Venezuelan gold reserves returned to Caracas last Friday, with Chavez supporters dancing in the streets as tanks rolled in with armed soldiers riding on top of pallets of ingots.

Chavez had said that he planned to recall all of the country’s gold reserves — kept in the United States, Europe, Canada and Switzerland — to Venezuela.

On top of this, the country’s domestic gold trade — a hodgepodge industry that Chavez has said is in the hands of “mafia and smugglers” — is to be nationalized.

The moves shore up Chavez’s plan to end the “dictatorship” of the US dollar, as he calls it, and feed his ongoing war of words and ideology with Washington as elections loom in less than a year.

“The Yankees are broke,” Chavez said from the balcony of his Miraflores presidential palace as he celebrated his birthday in August. “They have no money to pay their debt ... Shall we give Obama a loan?” the president asked the gathered crowd.


14 posted on 02/08/2013 4:04:55 PM PST by Orange1998 (DO NOT PRESS CTRL W)
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