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Caribbean-Latin America
Chavez Urges OPEC to Abandon the Dollar
2006-06-03
Venezuelan President Hugo Chavez called on the Organization of the Petroleum Exporting Countries (OPEC) on Thursday to put an end to the “dictatorship of the dollar.”

Speaking to government ministers and representatives from the 11 OPEC member countries in Caracas, AFP reported Chavez as saying: “The empire will fall this century. The grave is already dug; the day will come to bury it for the good of the world.”

Chavez said that several OPEC countries are considering “using the euro instead of the dollar as the reference currency for the price of oil and international commerce.”

“The dollar is weakening, mainly due to the irresponsible economic policy [of the United States].”

Venezuela is the fourth leading supplier of oil to the US, shipping north 1.5 million barrels a day.

“The last conversation I had with Bill Clinton was when it was still possible to talk with a president of the United States. It’s not that way with the current one, whom I believe is a threat to the world, a real threat,” said Chavez.

“Once again I demand that the US withdraw its troops from Iraq and let that nation live in peace. With the world as a witness, we are asking for an end to the violations committed against the Iraqi people and an end to the threats against the people of Iran.”
Posted by:ryuge

#9  LOL Frank, heh that one woke me up after a long beautiful day in the sunshine!!
Posted by: RD   2006-06-03 20:27  

#8  it's "loser" not "looser" f*ckwit. Ignorance on parade
Posted by: Frank G   2006-06-03 14:29  

#7  IIRC, the Sauds lost 200 billion Euros a couple of years ago and declared the Euro wasn't ready for prime time.
Posted by: anonymous2u   2006-06-03 12:40  

#6  I wish that somebody here would post the video from C-SPAN. Americans need to realize that his man is a raving lunatic of the caliber of the Iranian nut.
Posted by: TMH   2006-06-03 11:13  

#5  The Zimbabwean Charmin. It'll make them seem really, really rich...
Posted by: tu3031   2006-06-03 10:55  

#4  Nah, how about the boliviano, in honor of his new buddy Evo?
Posted by: Desert Blondie   2006-06-03 10:52  

#3  The put this insane speech on C-SPAN. Watch about 2 mins of it and switched channels. He was shaking fits and weird hand-movements, screaming.... A real fit!
Posted by: 3dc   2006-06-03 09:53  

#2  He should urge OPEC to use the Ruble.
Posted by: DarthVader   2006-06-03 09:25  

#1  Don't forget Hugo. The US is plotting yo kill you" You must toss that in there too. The Yankee's want to murderlize you don't you remember.

The wheels are coming off the Euro if you hadn't noticed. While the US economy grows Old Europe'as stagnates. I don't think the Saudi's and the rest want to buy to many "baskets" of Euros just right now.

Maybe Chinese currency would be a better choice since this is an idea you keep pulling out of your behind.
Posted by: Sock Puppet of Doom   2006-06-03 07:44  

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