Any excuse to attack their enemy. Even among the Zerohedge readers, the elected
leader of Venezuela (whom the US tried to overthrow) is a dictator (Jon Stewart, as well).
I'm beginning to think they've used brainwashing on everybody, over there!
My guess is that it's in the Corn Flakes.
Anyway, Hugo Chavez is playing the erstwhile champion of the people
by destroying the gold ponzi in London.
We're gonna make him into a saint.
So, his choice to move his country's gold assets, which is the owner's right,
is going to destablise markets, and as Timmie Geithner said, "our banks ain't losing a dime."
Ergo, the aircraft carriers are on a path to the Carib, I'm sure.
checkitout: GATA (i wish I'd had 800 bucks to go to their London show)
King World News today broadcasts a fantastic 10-minute interview with Hinde Capital CEO Ben Davies, who spoke at GATA's Gold Rush 2011 conference in London this month. Davies says Venezuela's plan to withdraw its gold deposits from the Bank of England and several bullion banks is "the game changer" in the gold market, exposing the fractional-reserve gold banking system and likely hastening the stampede from "unallocated" gold to "allocated" gold. Gold's explosion in price amid Venezuela's withdrawal of gold is also, Davies says, vindication for GATA, as "this is everything they've been talking about."
It might be added that not only is the Venezuelan president, Hugo Chavez, likely destroying the fractional-reserve gold banking system and blowing up the imaginary "paper gold" it has created, causing a short squeeze. With nationalization Chavez is also destroying the gold-mining industry in his own gold-rich country, thereby doubly constricting world gold supply.
Chavez might not be doing much for Venezuela, but even his hero, the South American revolutionary patriot Simon Bolivar, couldn't have struck such blows
for the liberation of the rest of the world.
You can listen to the interview with Davies at the King World News Internet site here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/8/20_B...
CHRIS POWELL, Secretary/Treasurer
