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Chavez helps leftist ally Argentina ward off Soros ( Confused ? )
Reuters ^ | Dec 5, 2006 | Alejandro Lifshitz

Posted on 12/05/2006 6:46:33 PM PST by george76

Venezuelan President Hugo Chavez on Tuesday stepped in to help his leftist ally Argentine President Nestor Kirchner by bailing out an Argentine firm to prevent its purchase by a fund involving billionaire investor George Soros.

Chavez, whom Kirchner wished good luck before his landslide re-election on Sunday, said he would lend $80 million to Sancor, a struggling private cooperative dairy sought by Adecoagro, a fund in which currency speculator and philanthropist Soros has a stake.

"The capitalist magnate wanted to buy it out. Now I have signed the first part of the deal. We are going to issue credit of $80 million," Chavez told a news conference.

The move is a further sign of Chavez using his abundant oil earnings to forge an alliance of leftist leaders across Latin America, fighting what he sees as the evils of capitalism.

Chavez said an unspecified portion of the loan would be repaid in milk powder and advice on designing dairies -- in line with his other regional deals.

Venezuela already sells discounted oil to Argentina...

(Excerpt) Read more at today.reuters.com ...


TOPICS: Extended News; Foreign Affairs
KEYWORDS: argentina; caracas; chavez; energy; georgesoros; hugo; hugochavez; kirchner; latinamerica; nestorkirchner; oil; soros; venezuela
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1 posted on 12/05/2006 6:46:37 PM PST by george76
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To: george76

It's stuff like this that make me wish oil would just become obsolete already!


2 posted on 12/05/2006 6:47:57 PM PST by the anti-liberal (OUR schools are damaging OUR children)
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To: george76

I wish Soros would take a trip to Venezuela.


3 posted on 12/05/2006 6:51:03 PM PST by Paleo Conservative (Karl Rove isn't magnificent.)
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To: george76
Chavez said an unspecified portion of the loan would be repaid in milk powder and advice on designing dairies

Modern finance baffles me.

4 posted on 12/05/2006 6:51:25 PM PST by humblegunner (If you're gonna die, die with your boots on.)
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To: FreeKeys; proud_yank; nutmeg

5 posted on 12/05/2006 6:51:31 PM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: the anti-liberal

He needs us a lot more than we need him.


6 posted on 12/05/2006 6:52:27 PM PST by cripplecreek (If stupidity got us into this mess, then why can't it get us out?)
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To: humblegunner; jan in Colorado
LOL

advice on designing dairies ...?

7 posted on 12/05/2006 6:52:38 PM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: cripplecreek

If only we used that leverage.


8 posted on 12/05/2006 6:57:51 PM PST by the anti-liberal (OUR schools are damaging OUR children)
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To: george76

A use for Chavez: maybe he can help us ward off Soros.


9 posted on 12/05/2006 6:59:58 PM PST by popdonnelly
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To: the anti-liberal

Very few countries in the world are willing or able to refine Venezuelan oil due to the high sulfur content. We're their biggest buyer and we have the leverage if we're willing to use it. I'm willing to pay a bit more at the pump if it means Hugo has to suffer a bit.


10 posted on 12/05/2006 7:01:28 PM PST by cripplecreek (If stupidity got us into this mess, then why can't it get us out?)
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To: cripplecreek
I haven't been paying attention but, have folks (smart folks, that is) continued to boycott Citgo and its derivatives or partners?
11 posted on 12/05/2006 7:03:57 PM PST by the anti-liberal (OUR schools are damaging OUR children)
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To: george76

If Chavez is against george Soros he cant be all bad.


12 posted on 12/05/2006 7:22:06 PM PST by sgtbono2002 (The fourth estate is a fifth column.)
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To: george76

Cheer for both sides to have a protracted and extremely costly fight. By the way, how does the Venezuelan budget work? Do they just keep an account for Hugo to dip into whenever he feels the need to show off for his pals?


13 posted on 12/05/2006 7:30:43 PM PST by elhombrelibre (Iraq: the next country Liberals want to abandon just before Israel.)
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To: george76
Despite all the hateful rhetoric spouted by Chavez, the bottom line is in the World Factbook listing Venezuela's chief trade partners:
Exports - partners: US 51.2%, Netherlands Antilles 7.3%, Canada 2.4% (2005)

Imports - partners: US 31.6%, Colombia 11%, Brazil 9.1%, Mexico 6.9% (2005)
14 posted on 12/05/2006 7:31:46 PM PST by Brad from Tennessee (Anything a politician gives you he has first stolen from you)
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To: george76

Soros backed the "other guy" in the latest election.


15 posted on 12/05/2006 7:43:27 PM PST by fight_truth_decay
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To: elhombrelibre
LOL

Cheer for both sides to have a protracted and extremely costly fight...

16 posted on 12/05/2006 7:55:07 PM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: fight_truth_decay
That would explain it.

Thanks

Soros backed the "other guy" in the latest election.

17 posted on 12/05/2006 7:56:08 PM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

Joseph P. Kennedy II beneath a Venezuelan flag.

Kennedy characterizes his complicity with Chavez's anti-US propaganda gimmick as "morally righteous." Falling back on the relativism that has replaced the notion of right and wrong in liberal minds, allowing them to excuse any abomination, he dismisses concern for Chavez's totalitarian tendencies by smirking that there has been "ample room for improvement in the ways that people get elected in Venezuela as well as in Florida."

18 posted on 12/05/2006 8:13:51 PM PST by fight_truth_decay
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To: sgtbono2002

I agree with you. Chavez is a pretty idiotic guy, but he's a pipsqueek of evil compared to Soros.

If one is looking for an anti-Christ then Soros will do until someone better comes along.


19 posted on 12/05/2006 8:27:38 PM PST by Seruzawa (Marx's Das Kapital never could compete with the Sears catalog.)
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To: cripplecreek
He needs us a lot more than we need him.

I'd sure like to know a couple of sure fire ways to visit real hardship on that SOB.

20 posted on 12/05/2006 8:35:59 PM PST by Rate_Determining_Step (It's in the Koran! Submit or Die)
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