Oct 22

- What ‘Democracy’ Really Means in U.S. and New York Times Jargon: Latin America Edition (The Intercept, Oct 17, 2014):

One of the most accidentally revealing media accounts highlighting the real meaning of “democracy” in U.S. discourse is a still-remarkable 2002 New York Times Editorial on the U.S.-backed military coup in Venezuela, which temporarily removed that country’s democratically elected (and very popular) president, Hugo Chávez. Rather than describe that coup as what it was by definition – a direct attack on democracy by a foreign power and domestic military which disliked the popularly elected president – the Times, in the most Orwellian fashion imaginable, literally celebrated the coup as a victory for democracy:

With yesterday’s resignation of President Hugo Chávez, Venezuelan democracy is no longer threatened by a would-be dictator. Mr. Chávez, a ruinous demagogue, stepped down after the military intervened and handed power to a respected business leader, Pedro Carmona.

Thankfully, said the NYT, democracy in Venezuela was no longer in danger . . . because the democratically-elected leader was forcibly removed by the military and replaced by an unelected, pro-U.S. “business leader.” The Champions of Democracy at the NYT then demanded a ruler more to their liking: “Venezuela urgently needs a leader with a strong democratic mandate to clean up the mess, encourage entrepreneurial freedom and slim down and professionalize the bureaucracy.” Continue reading »

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Mar 15

Venezuela_Regime_Change

- Obama Administration Targets Venezuela for ‘Regime Change’ (American Free Press, March 14, 2014)

• Ousted U.S. consular officials caught conspiring with protest groups

Continuing unrest in Venezuela can be traced to an ongoing plot by the Obama administration to topple the country’s democratically elected government and replace it with a regime run by rich families and corporations allied with Washington.

Venezuelan President Nicolas Maduro, who succeeded the late Hugo Chavez, a Washington nemesis, recently expelled three United States consular officials, accusing them of conspiring for months with protest groups funded by Washington.

Continue reading »

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Jan 16

Related info:

- Former Royal Navy Microwave Weapons Expert And UK Intelligence Services Agent Dr. Barrie Trower: Dangers And Lethality Of Microwave Technology (Video – 2:19:36)

- Former Royal Navy Microwave Weapons Expert: NWO TECHNOLOGY UPDATE – Deadly Mobile Phones & The Worst Genocide Ever Committed – The Dangers Of Wi-Fi To Women And Children (Video)

Here’s what happens to foreign leaders who could not be bought with $200 million:

@Amazon.com:

- The Extended Confessions Of Economic Hit Man John Perkins (Video)

- Confessions of an Economic Hit Man

- The Secret History of the American Empire: The Truth About Economic Hit Men, Jackals, and How to Change the World


- Did the NSA Kill Hugo Chavez? (Global Research, Jan 14, 2014):

During 2013, Venezuela experienced one of the most difficult times in its history with the death of President Hugo Chavez on March 5. Chavez, a major leader whose policies transformed the country, was the victim of an aggressive cancer that killed him in less than two years. The charismatic Venezuelan president faced large and powerful enemies during his 14 years in power ever democratically elected majorities and strong. Coups, economic sabotage, electoral interventions, psychological warfare, U.S. billionaire from his opponents and attempts on his life funding agencies were some of the tactics and strategies of destabilization that Chavez had to fight during his tenure.

He headed the lists of the Central Intelligence Agency (CIA) and the Pentagon as the main target of their attacks, and the United States significantly expanded its military presence open and clandestine-around Venezuela during his administration. So his sudden and unexpected death caused much suspicion among his followers and those scholars of his socio-political vision. Chavez defied the most powerful interests in the world, and in turn, controlled the largest oil reserves on the planet. Could it have been a political assassination Chavez’s death?

Continue reading »

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Jan 04

- Appelbaum: ‘Scary’ NSA will spy on you – every which way they can (RT, Dec 30, 2013):

Security researcher Jacob Appelbaum revealed what he calls “wrist-slitting depressing” details about the National Security Agency’s spy programs at a computer conference in Germany on Monday where he presented previously unpublished NSA files.

Appelbaum is among the small group of experts, activists and journalists who have seen classified United States intelligence documents taken earlier this year by former contractor Edward Snowden, and previously he represented transparency group WikiLeaks at an American hacker conference in 2010. Those conditions alone should suffice in proving to most anybody that Appelbaum has been around more than his fair share of sensitive information, and during his presentation at the thirtieth annual Chaos Communication Congress in Hamburg on Monday he spilled his guts about some of the shadiest spy tactics seen yet through leaked documents.

Continue reading »

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Oct 04

Flashback:


- U.S. drug agents smuggling cocaine, Venezuelan president alleges (Video) (Examiner. Oct 2, 2013):

The president of Venezuela on Wednesday cast suspicion on an American law enforcement agency saying his nation is probing the American drug enforcement officers to learn whether or not they are involved in narcotics trafficking in his country.

President Nicolas Maduro announced that his own law enforcement officials are investigating whether the U.S. Drug Enforcement Administration (DEA) was involved in a recent criminal case involving a multi-million dollar cocaine smuggling operation, according to Jerry Langher, a former narcotics detective and director of corporate security.

Continue reading »

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Aug 24

- Costa Rica’s President flew narco-jet to Hugo Chavez funeral (Mad Cow News, July 22, 2013):

An American-registered drug plane has been plying the airspace over Central and South America carrying cargoes of cocaine for a good long while (authorities admit they’ve been “investigating” it since 2011) without apparent incident, until recently, when a newspaper in Costa Rica reported that the President of Costa Rica had been seen using it to fly to Hugo Chavez’s funeral, as well as the recent wedding of the son of Peru’s Vice-President in Lima.This was one of at least three seismic events recently which have shaken the drug trafficking industry. Most readers have probably only heard of one: the raid by Marines from the Mexican Navy last week near the US border in Nuevo Laredo that captured Los Zetas cartel kingpin Miguel Angel Trevino.

Continue reading »

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Apr 21

- The Secret World Of Gold (ZeroHedge, April 21, 2013):

In a wide-ranging look at the history and present of the barbarous relic, CBC’s Ann-Marie MacDonald has gathered many perspectives (pro and con) on gold. The following documentary moves from historical shipwrecks to Nazi ‘death gold’ and England’s war chest to recent years where widespread economic uncertainty has given the yellow metal a “new lustre in the world of high finance.” Valued for its permanence, beauty and scarcity, people will lie, cheat, steal and kill in the name of gold; and the clip provides color on many of the market manipulations of the last few years. As MacDonald says, whether it’s a few gold coins or gold bars stored in one of the many vaults around the world, many investors are taking a shine to gold. But there’s not a lot of it. It is said that, even melted down, there would not be enough to fill an Olympic swimming pool. Some claim that much of the gold held by the Bank of Canada, the Bank of England, the Federal Reserve and Fort Knox is gone – that for every 100 ounces of gold traded, there exists only one ounce of real, physical gold. So, where is the gold – and who really owns it?

Part 1

Part 2

Part 3

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Mar 13

Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

- Hugo Chavez (Paul Craig Roberts, March 12, 2013):

On March 5, 2013, Hugo Chavez, President of Venezuela and world leader against imperialism, died. Washington imperialists and their media and think tank whores expressed gleeful sighs of relief as did the brainwashed US population. An “enemy of America” was gone.

Chavez was not an enemy of America. He was an enemy of Washington’s hegemony over other countries, an enemy of Washington’s alliance with elite ruling cliques who steal from the people they grind down and deny sustenance. He was an enemy of Washington’s injustice, of Washington’s foreign policy based on lies and military aggression, bombs and invasions.

Washington is not America. Washington is Satan’s home town.

Chavez was a friend of truth and justice, and this made him unpopular throughout the Western World where every political leader regards truth and justice as dire threats.

Chavez was a world leader. Unlike US politicians, Chavez was respected throughout the non-western world. He was awarded honorary doctorates from China, Russia, Brazil, and other countries, but not from Harvard, Yale, Cambridge, and Oxford.

Chavez was a miracle. He was a miracle, because he did not sell out to the United States and the Venezuelan elites. Had he sold out, Chavez would have become very rich from oil revenues, like the Saudi Royal Family, and he would have been honored by the United States in the way that Washington honors all its puppets: with visits to the White House. He could have become a dictator for life as long as he served Washington.

Continue reading »

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Mar 11

Related info:

- Bolivian President Evo Morales ‘Almost Certain’ Hugo Chavez Was Poisoned


- The Death of Hugo Chavez. Executive Orders to “Assassinate Foreign Leaders” Emanate Directly from the US President (Global Research, Updated March 10, 2013):

The Revocation of Executive Order 12333 which banned the CIA from conducting “targeted assassinations”

Was the president of Venezuela Hugo Chavez Frias the object of a targeted assassination by the Obama administration?

When addressing this question, it is worth recalling that in the immediate wake of September 11, 2001, President George W. Bush restored the sordid practices of the CIA by revoking a ban initially enacted in 1976 by President Ford under Executive Order 11905.  The latter stated:  “Prohibition on Assassination. No employee of the United States Government shall engage in, or conspire to engage in, political assassination.”

President Gerald Ford had issued EO 11905 in response to the findings of the 1975 Interim Report of  the  US Senate Select Committee on Intelligence, entitled Alleged Assassination Plots Involving Foreign Leaders.

This Select Committee was led by Senator Frank Church.

The “Church Committee” Interim Report, focused on alleged plots to kill:

• Patrice Lumumba (Congo)
• Fidel Castro (Cuba)
• Rafael Trujillo (Dominican Republic)
• Ngo Dinh Diem (Vietnam)
• Rene Schneider (Chile)

Continue reading »

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Mar 11

- Venezuela: Economic and Social Performance Under Hugo Chávez (Global Research, March 10, 2013)

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Mar 10

FYI.


- Bolivian President Says “Almost Certain” Chavez was Poisoned (RIA Novosti, March 10, 2013):

CARACAS – Bolivian President Evo Morales said Saturday he was “almost certain” that “the empire” (the United States) had poisoned his political ally, late Venezuelan leader Hugo Chavez, regional media reported.

President Chavez, who led Venezuela for 14 years, died Tuesday at the age of 58 after a two-year-long fight against cancer.

Continue reading »

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Mar 05

- Venezuelan leader Hugo Chavez dies (CNN

- Hugo Chavez, Venezuelan leader and US foil, dies (CBS News)

- Venezuelan President Hugo Chavez dead after battle with cancer (Fox News)

- Hugo Chavez: The 60 Minutes interview (CBS News)

- Venezuela’s Hugo Chavez dies from cancer (Reuters)

- Key Dates in Hugo Chavez’s Political Life (ABC News)

- Hugo Chavez dies at 58 (Washington Post)

- Venezuelans pour into streets to mourn Hugo Chavez (Huffington Post)

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Feb 10

Coming to a country near you … soon.

Got gold and silver?


Venezuela Launches First Nuke In Currency Wars, Devalues Currency By 46% (ZeroHedge, Feb  10, 2013):

While the rest of the developed world is scrambling here and there, politely prodding its central bankers to destroy their relative currencies, all the while naming said devaluation assorted names, “quantitative easing” being the most popular, here comes Venezuela and shows the banana republics of the developed world what lobbing a nuclear bomb into a currency war knife fight looks like:

  • VENEZUELA DEVALUES FROM 4.30 TO 6.30 BOLIVARS
  • VENEZUELA NEW CURRENCY BODY TO MANAGE DOLLAR INFLOWS
  • CARACAS CONSUMER PRICES ROSE 3.3% IN JAN.

And that, ladies and gents of Caracas, is how you just lost 46% of your purchasing power, unless of course your fiat was in gold and silver, which just jumped by about 46%. And, in case there is confusion, this is in process, and coming soon to every “developed world” banana republic near you.

and just as we (and Kyle Bass) have warned – this is what happens to the nominal price of a stock market as currency wars escalate… how do those US investors who flooded Venezuela with cash feel now? bringing back those VEF gains is going to hurt…

The chart above is a free lesson in nominal vs real: the hardest lesson for some 99.9% of the world’s population to grasp. One person who certainly knows how to devalue a currency in real terms is FDR, whose 70% devaluation of the USD courtesy of executive order 6102, is merely an appetizer of what is about to be unleashed upon the US.

From Bloomberg:

Venezuela devalued its currency for the fifth time in nine years as ailing President Hugo Chavez seeks to narrow a widening fiscal gap and reduce a shortage of dollars in the economy.

Continue reading »

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Jan 30

- How The Glorious Socialist Revolution Generated A 681% Return For Goldman Sachs (ZeroHedge, Jan 30, 2013):

Back in 2011, BlackRock’s Larry Fink revealed one of the great unspoken truths of capital markets, namely that “markets like totalitarian governments.” They also like authoritarian socialism, sprinkled in with a healthy dose of nationalization, because as Bloomberg reports, one of the biggest beneficiaries of over ten years of the “glorious socialist revolution” in Venezuela, coupled with over 1000 nationalizations by the bed-ridden and roughly 15 times deceased Hugo Chavez (if one believes all the rumors), is none other than Goldman Sachs, which generated some 681% in returns due to “aligning its interests” with those of the unshakable Venezuelan ruler.

From Bloomberg:

Since taking office in 1999, Hugo Chavez has spread his socialist revolution in Venezuela by seizing more than 1,000 companies. For bondholders that stuck by him, he’s also delivered returns that are double the emerging- market average.

The 681 percent advance, equal to 14.7 percent annually, has enriched investors from OppenheimerFunds Inc. to Goldman Sachs Asset Management LP that counted on Chavez’s willingness to siphon the country’s oil wealth to pay its creditors in the face of start-stop growth and falling reserves. While his policies drove away enough investors to keep Venezuela’s borrowing costs over 12 percent on average during his tenure, or 4 percentage points higher than those of developing nations, he’s never missed a bond payment.

Continue reading »

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Jan 04

- Chavez battling ‘severe’ lung infection, respiratory failure (CNN, Jan 3, 2013):

Venezuelan President Hugo Chavez is battling a “severe” lung infection that has caused respiratory failure, a top official said.Chavez, 58, has been hospitalized in Cuba since undergoing cancer surgery more than three weeks ago.

He is following a strict treatment regimen for “respiratory insufficiency” caused by the infection, Venezuelan Information Minister Ernesto Villegas said in a televised statement Thursday night.

The information minister did not provide details about the treatment or prognosis. Continue reading »

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Dec 09

- Chavez says his cancer is back (CNN, Dec 9, 2012):

Havana — Venezuelan President Hugo Chavez announced late Saturday that his cancer has returned and that he will go to Cuba to undergo surgery.

Speaking during a televised address from the presidential palace, he said that if his health were to worsen, Vice President Nicolas Maduro should replace him.

Continue reading »

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Oct 08

- As World Awaits Venezuela Presidential Results, Tanks Enter Caracas (ZeroHedge, Oct 7, 2012)

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Oct 08

- As Hugo Chavez Wins Presidential Re-election Someone Makes Absolute Killing On InTrade (ZeroHedge, Oct 7, 2012):

Moments ago the Venezuelan Electoral Council (one wonders if the term ‘Hanging Chad’ has a different meaning down there?), announced that with 90% of the votes counted, and an 80.4% turnout, the winner of 54.4% of the vote, and still reigning presidential champion, is Venezuela’s Hugo Chaved. This is not surprising. What is quite stunning however, is that someone made an absolute killing in the Chavez reelection contract, which after trading in the 80s range (indicating an 80% probability of reelection), dipped moments ago to the low 20s, following speculation Chavez may be on the way out, only to soar to 99.9 as of the last trade. In other words, someone just made 5x their money on the Chavez vote in minutes, money which has most likely been well spent on Cuban Cohibas by now. Congrats.

Source: Intrade

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Jun 26

- ‘Fake government': Paraguay’s ousted President Fernando Lugo defiant after ‘coup’ (MSNBC, June 25, 2012):

ASUNCION, Paraguay – Ousted Paraguayan President Fernando Lugo branded the country’s new government illegitimate on Sunday and called for democracy to be restored as neighboring countries intensified criticism of his sudden impeachment.

Lugo, a leftist former Roman Catholic bishop, said his removal from office was “a parliamentary coup against the will of the people” and said he would back any peaceful effort to restore democracy in the South American nation.

Continue reading »

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Apr 06

- Tearful Hugo Chávez prays for God to spare him from cancer (Guardian, April 6, 2012)

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Feb 27

For your information.


- The Global Intelligence Files (Wikileaks, Feb. 27, 2012):

 

LONDON—Today, Monday 27 February, WikiLeaks began publishing The Global Intelligence Files – more than five million emails from the Texas-headquartered “global intelligence” company Stratfor. The emails date from between July 2004 and late December 2011. They reveal the inner workings of a company that fronts as an intelligence publisher, but provides confidential intelligence services to large corporations, such as Bhopal’s Dow Chemical Co., Lockheed Martin, Northrop Grumman, Raytheon and government agencies, including the US Department of Homeland Security, the US Marines and the US Defense Intelligence Agency. The emails show Stratfor’s web of informers, pay-off structure, payment-laundering techniques and psychological methods, for example :

“[Y]ou have to take control of him. Control means financial, sexual or psychological control… This is intended to start our conversation on your next phase” – CEO George Friedman to Stratfor analyst Reva Bhalla on 6 December 2011, on how to exploit an Israeli intelligence informant providing information on the medical condition of the President of Venezuala, Hugo Chavez.

The material contains privileged information about the US government’s attacks against Julian Assange and WikiLeaks and Stratfor’s own attempts to subvert WikiLeaks. There are more than 4,000 emails mentioning WikiLeaks or Julian Assange. The emails also expose the revolving door that operates in private intelligence companies in the United States. Government and diplomatic sources from around the world give Stratfor advance knowledge of global politics and events in exchange for money. The Global Intelligence Files exposes how Stratfor has recruited a global network of informants who are paid via Swiss banks accounts and pre-paid credit cards. Stratfor has a mix of covert and overt informants, which includes government employees, embassy staff and journalists around the world.

The material shows how a private intelligence agency works, and how they target individuals for their corporate and government clients. For example, Stratfor monitored and analysed the online activities of Bhopal activists, including the “Yes Men”, for the US chemical giant Dow Chemical. The activists seek redress for the 1984 Dow Chemical/Union Carbide gas disaster in Bhopal, India. The disaster led to thousands of deaths, injuries in more than half a million people, and lasting environmental damage.

Stratfor has realised that its routine use of secret cash bribes to get information from insiders is risky. In August 2011, Stratfor CEO George Friedman confidentially told his employees : “We are retaining a law firm to create a policy for Stratfor on the Foreign Corrupt Practices Act. I don’t plan to do the perp walk and I don’t want anyone here doing it either.”

Continue reading »

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Feb 08

- Hugo Chavez says Venezuelan troops would fight with Argentina over Falklands (Telegraph, Feb. 6, 2012):

Hugo Chavez has pledged that Venezuelan armed forces would fight alongside Argentina against Britain in any future conflict over the Falkland Islands at a regional meeting this weekend.

The eight member countries of the Bolivarian Alliance bloc, or ALBA, met to approve an agreement barring any boats flying Falkland Islands flags from docking in their ports.

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Dec 16


Venezuelan President Hugo Chavez. Photo: EPA

- US wants to destroy OPEC – Chavez (Voice of Russia, Dec. 14, 2011):

The United States wants to destroy the Organization of Petroleum Exporting Countries (OPEC) said Venezuelan President Hugo Chavez on Tuesday.

He pointed out that such was the case as proven by Washington carrying out aggression against Iraq and Libya, and speaking of threats against Venezuela, Ecuador and other countries of the Organization.

Chavez demanded that Washington cease all threats against Iran and other countries.

The leader of the Bolivarian revolution advised U.S. President Barack Obama and Americans to “devote themselves to managing their own country and leaving the rest of the world alone.”

TASS

Flashback:

- U.S. General Wesley Clark (Ret.) (Video), explains that the Bush Administration planned to take out 7 countries in 5 years:

Iraq, Syria, Lebanon, Libya, Somalia, Sudan, Iran.

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Aug 28

Sounds very familiar, doesn’t it?!!!

This is off topic, but regarding the US economy you better watch this:

- Argentina’s Economic Collapse (Documentary)


Part 1

-YouTube:

This video explains the United States involvement with the attempted coup of Hugo Chavez of Venezuela in April 11, 2002. How many people were lied to about what really happened. Watch the Truth unfold on cameras that the United States had no clue they would catch the Truth on film, which is opposite of what the United States Government told the media to report. Stop Listening to the lies of corporate media. The United States have been doing these types of “Coup” attempts through the CIA and many Nations have suffered at their hands.

A television crew from Ireland’s national broadcaster, Raidió Teilifís Éireann happened to be recording a documentary about Chávez during the events of April 11, 2002. Shifting focus, they followed the events as they occurred. During their filming, the crew recorded images of the events that they say contradict explanations given by Chávez’s opposition, the private media, the US State Department, and then White House Press Secretary Ari Fleischer. The documentary says that the coup was the result of a conspiracy between various old guard and anti-Chávez factions within Venezuela and the United States.

Part 2:

YouTube
Continue reading »

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Aug 24

From the article:

“I put the ever-resourceful Nick Rizzo on the task, but he came up with little more: the market in physical gold is tiny, and largely comprised of nutcases.”

Yeah, right only nutcases (= individuals still using their brain, shaking their head in disbelief at the unlimited stupidity of society) invest in physical gold and silver!

Here is the performance of investing in physical gold and silver ( I’ve told everybody to invest in physical gold and silver since 2000 and from the first day of setting up Infinite Unknown):

Gold in 10 Years: +567,62%

Silver in 10 Years: +899,05%

And please take a close look at all those billionaires and world famous investors that are heavily invested in physical gold and silver.

The Rothschilds who own Reuters are heavily invested in physical gold and silver. (Obviously nutcases, all of them!)

It is difficult for the elitists to destroy the middle class, if the people hold physical gold and silver.

Got gold and silver?


- How to get $12 billion of gold to Venezuela (Reuters, Aug 22, 2011):

Ever since the news broke last week that Hugo Chávez wanted to transport 211 tons of physical gold from Europe to Caracas, I’ve been wondering how on earth he possibly intends to do such a thing.

There are 99 tons already being held at the Bank of England; according to the FT, the plan is to transfer other gold to the Bank of England from custodians such as Barclays, HSBC, and Standard Chartered; then, once it’s all in one place, um, well, nobody has a clue what might happen. Here’s the best guess from the FT:

Venezuela would need to transport the gold in several trips, traders said, since the high value of gold means it would be impossible to insure a single aircraft carrying 211 tonnes. It could take about 40 shipments to move the gold back to Caracas, traders estimated.

“It’s going to be quite a task. Logistically, I’m not sure if the central bank realises the magnitude of the task ahead of them,” said one senior gold banker.

I put the ever-resourceful Nick Rizzo on the task, but he came up with little more: the market in physical gold is tiny, and largely comprised of nutcases. The last (and only) known case of this kind of quantity of gold being transported across state lines took place almost exactly 75 years ago, in 1936, when the government of Spain removed 560 tons of gold from Madrid to Moscow as the armies of Francisco Franco approached. Most of the gold was exchanged for Russian weaponry, with the Soviet Union keeping 2.1% of the funds in the form of commissions and brokerage, and an additional 1.2% in the form of transport, deposit, melting, and refining expenses.

Continue reading »

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Aug 22

Related info:

- President Hugo Chavez Pulls Venezuela’s Gold From JP Morgan (Is The Great Scramble For Physical Starting?)


- The Battle For Libya Is Almost Over… As Is The Battle For Its 144 Tons Of Gold (ZeroHedge, Aug, 21, 2011):

Following a 6 month stalemate in which neither side had attained any advantage, it suddenly took just a few days for the Libyan rebel forces to steamroll unopposed into Tripoli. While we are confident that the political aftermath of this outcome will be very much comparable to what is happening in Egypt right now, many wonder why it is that the Libyan situation has progressed with such speed. Perhaps the answer can be found in the 143.8 tons of gold held by the Libyan Central Bank. Granted it is nowhere near close the 366 tons of gold that Venezuela supposedly has per the WGC, most of it likely held offshore and not being repatriated, the question of where the global gold cartel may find some of the much needed physical to satisfy Chavez’ demands has been now answered. Of course we assume that said gold has not already departed Libya in direction Caracas over the past 6 months. Which, in retrospect, we probably should, as it would explain why gold is now at $1875 and rapidly rising.

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Aug 17

- Hugo Chavez Announces He Will Nationalize Venezuela’s Entire Gold Industry (ZeroHedge, Aug 17, 2011):

The first (of many) 21st century expropriations of the only true money begins today, after Hugo Chavez just announced that he will “nationalize the gold industry, including extraction and processing, and use its output to boost the country’s international reserves.” And who can blame him: he is merely doing what FDR did so well back in 1933 with executive order 6102. Our only advice is that he should wait before he sells: with the only option for the central planners now that we are reentering the downslope of the depression, being, as always, to print more money (it can be called anything, but at the end of the day the principle is clear), there is little probability of gold declining substantially for the foreseeable future. As for foreign investors in Venezuela who opened gold mines, we can only hope they were not all that surprised: “The move follows a dispute between his government and foreign miners who say the rules limiting the amount of gold that can be exported from the South American nation hurt their efforts to secure financing and create jobs. The gold industry will be just the latest part of the economy to be put under state control by the socialist leader, who said he would issue the necessary decree in the coming days and called on the military to help control the sector.” The good news: gold may finally dip modestly which will simply provide yet another entry point for everyone (increasingly more and more) who has taken Jeremy Grantham’s advice and is now fighting the Fed.

From Reuters:

Toronto-listed Rusoro, owned by Russia’s Agapov family, is the only large gold miner operating in Venezuela. It produced 100,000 ounces last year.

“I have here the laws allowing the state to exploit gold and all related activities … we are going to nationalize the gold and we are going to convert it, among other things, into international reserves because gold continues to increase in value,” Chavez said in a phone call to state television.

Continue reading »

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Aug 17

- As Chavez Pulls Venezuela’s Gold From JP Morgan, Is The Great Scramble For Physical Starting? (ZeroHedge, Aug 17, 2011):

In addition to the nationalization of his gold insutry, Chavez earlier also announced that he would recover virtually all gold that Venezuela hold abroad, starting with 99 tons of gold at the Bank of England.

As the WSJ reported earlier, “The Bank of England recently received a request from the Venezuelan government about transferring the 99 tons of gold Venezuela holds in the bank back to Venezuela, said a person familiar with the matter.

A spokesman from the Bank of England declined to comment whether Venezuela had any gold on deposit at the bank.” That’s great, but not really a gamechanger.

After all the BOE should have said gold. What could well be a gamechanger is that according to an update from Bloomberg, Venezuela has gold with, you guessed it, JP Morgan, Barclays, and Bank Of Nova Scotia. As most know, JPM is one of the 5 vault banks.

The fun begins if Chavez demands physical delivery of more than 10.6 tons of physical because as today’s CME update of metal depository statistics, JPM only has 338,303 ounces of registered gold in storage. Or roughly 10.6 tons.

A modest deposit of this size would cause some serious white hair at JPM as the bank scrambles to find the replacement gold, which has already been pledged about 100 times across the various paper markets.

Keep an eye on gold in the illiquid after hour market. The overdue scramble for delivery may be about to begin.

From the CME:

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Jun 28

Chavez Critical? “Regime change flu coming to Latin America”

Added: 27.06.2011

Adrian Salbuchi – Members of the Global Elite who would love to see Hugo Chavez go


Added: 26.06.2011

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Apr 11

Amazon.com: 63 Documents the Government Doesn’t Want You to Read

Amazon.de: 63 Documents the Government Doesn’t Want You to Read

Introduction: Jesse Ventura is the former Independent Governor of Minnesota. He is also a former U.S. Navy SEAL, professional wrestler, movie actor, a visiting fellow at Harvard Kennedy School of Government, and the New York Times bestselling author of five books. He is currently the host and executive producer of TruTV’s Conspiracy Theory with Jesse Ventura. He has a reputation as the ultimate non-partisan truth-seeker; he has no qualms about questioning authority. Daily Bell: Thanks for sitting down with us. You’ve written another very interesting book, “63 Documents the Government Doesn’t Want You To Read.” Tell us about it.

Jesse Ventura: This is a book I collaborated on with Dick Russell, and I would like to give him the credit for doing all the research. That’s why we make a good team. I just don’t have the patience to do the research he does. It was our publisher, SkyHorse – it was their idea to do this book. Dick and I started searching for these documents, which are all documents released by the US government. WikiLeaks started releasing information right before we started, so naturally we used some of their stuff too. We started by going back to World War II, and we picked out 63 documents that we thought were very important. We choose 63 because that was the same year that President John F. Kennedy was murdered. That was when everything went bad. If you can murder the president and get away with it, you can do anything.

Daily Bell: Do you use original sources?

Jesse Ventura: Absolutely. The documents are original, not opinion. We reprinted the documents, so the reader has the ability to read all of them.

Daily Bell: What was the most shocking thing you learned.

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