BY JOSÉ DE CÓRDOBA AND EZEQUIEL MINAYA
CARACAS—Venezuela plans to transfer billions of dollars in cash reserves from abroad to banks in Russia, China and Brazil and tons of gold from European banks to its central bank vaults, according to documents reviewed Tuesday by The Wall Street Journal.
The planned moves would include transferring $6.3 billion in cash reserves, most of which Venezuela now keeps in banks such as the Bank for International Settlements in Basel, Switzerland, and Barclays Bank in London to unnamed Russian, Chinese and Brazilian banks, one document said.
Venezuela also plans to move 211 tons of gold it keeps abroad and values at ...
The question is what the hell has Chavez "the socialist" been doing keeping Venezuela's reserves in the banksters' banks? And these banks into which he is depositing the reserves, who owns them? As they are "unnamed" it is impossible to say, but the same shysters who own the BIS and Barclay's also own banks in Russia, China, and Brazil, this may be no move at all. And given that they go unnamed...
http://online.wsj.com/article/SB10001424053111903392904576512961180570694.html
Chavez Preparing Government Takeover of Venezuela’s Gold Mining Industry
Venezuelan President Hugo Chavez ordered his government to repatriate $11 billion in gold held in banks abroad to safeguard the country from the economic crisis and said he’ll nationalize the local gold industry.
Venezuela has about 211 tons of its 365 tons of gold reserves held abroad at institutions including the Bank of England, JPMorgan Chase & Co. (JPM), Barclays Plc (BARC), Standard Chartered Plc (STAN) and the Bank of Nova Scotia (BNS), according to a government document.
“We’ve held 99 tons of gold at the Bank of England since 1980. I agree with bringing that home,” Chavez said today on state television. “It’s a healthy decision.”
Hugo banking with the Rothschilds.
So this makes two Chavez is da Man stories hitting Wall Street's favorite press in one day. Something's up, but whatever it is it isn't socialism. Time will tell.
http://www.bloomberg.com/news/2011-08-17/chavez-preparing-government-takeover-of-venezuela-s-gold-mining-industry.html
