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| Caribbean-Latin America |
| Chavez Needs Every Fridge in Venezuela |
| 2007-02-19 |
| Venezuelan President Hugo Chavez says he plans to nationalize the country’s food industry and trade “up to the last fridge”, driving dominant American companies out of the market. The leftist leader has also set his heart on money and tax reforms. Hugo Chavez announced the nationalization of strategic industries after his election in December. Last week he announced an intention to nationalize all food warehouses and supermarkets that violate price controls. These measures came following a hike in sugar, meat and milk prices in early February. Those in the food industry argue that the price controls prevented them from making any profit. A decree which gives the go-ahead to the nationalization of food enterprises and warehouses came into force last week. The Venezuelan president on Thursday announced plans for removing three zeroes from the denomination of Venezuela’s currency, saying it was “psychologically damaging for $1 to be worth so many bolivars”. |
| Posted by:ryuge |
| #11 Saw a tear jerker™ commercial by Citgo about the "gift" of oil for poor people in the United States of the TV yesterday; anyone else see it? Go read the article about how the media and a PR firm manipulated the public regarding the whole Kosovo deal. You think Hugo wouldn't stoop to hiring a PR firm to manipulate American opinion? He already has. We can, as a people, be such stupid whores... |
| Posted by: FOTSGreg 2007-02-19 20:54 |
| #10 Simple solution to "Consficating Food" Keep your warehouses OUTSIDE Venezuela, Shipments Are onlt moved Into Venezuela AFTER payment OUTSIDE Venezuela's reach, IN CASH, IN FULL, IN ADVANCE, be sure to include such things as the complete new price of whatever you use as transport,Semi-trucks, ships, etc he'll surely sieze those too. |
| Posted by: Redneck Jim 2007-02-19 20:40 |
| #9 A fair few of those barrels went to the Alaska Villages AP. I say, take 'em. There's a sucker born every day, and 3948 in South America. |
| Posted by: Shipman 2007-02-19 16:53 |
| #8 Meet the Press or Face the Nation? |
| Posted by: Nimble Spemble 2007-02-19 15:15 |
| #7 Saw a tear jerker™ commercial by Citgo about the "gift" of oil for poor people in the United States of the TV yesterday; anyone else see it? |
| Posted by: Alaska Paul 2007-02-19 15:12 |
| #6 "All your fridge belong to us!" Can't believe it took this long. Do I have to do all the work around here? |
| Posted by: Steve 2007-02-19 15:03 |
| #5 Start the 2020 Venezuela special situations investment fund...it's going to be a long painful ride, but at the end there will be deals to be had. I'm going to start saving now for my Villa on Margarita Island. |
| Posted by: mjh 2007-02-19 09:28 |
| #4 The real downside to the impending Bolivarian implosion will be another Failed State in the Western Hemisphere. |
| Posted by: doc 2007-02-19 08:37 |
| #3 Nope, commie leaders always cling to power to the very end. Bar good old causescu (who was in fact ousted by other commies in disguise), I don't remember one commie Fearless Leader ever being chazed away by a revolting people. I say hugo will still be at the helm 10+ years from now, but I'd be delighted to be proven wrong sooner than later. |
| Posted by: anonymous5089 2007-02-19 03:25 |
| #2 The oddsmakers in Vegas should set the over/under line for how long it will be before Hugo is hanging from a lamppost to 18 months, and I'll take the under. |
| Posted by: Sic_Semper_Tyrannus 2007-02-19 02:26 |
| #1 Chavez is crankin' to catch up with Zim Bob in putting his nation down the economic toilet. If he wants to seize oil company assets and nationalize them, Citgo could be seized by our side. Just like Salvadore Allende did in chile, and Kennecott Copper spread out the lawyers far and wide and seized his shipments of copper, so he could not sell it. |
| Posted by: Alaska Paul 2007-02-19 00:58 |