Tuesday, September 13, 2011

Hugo Chavez: doin' work

People, Hugo is getting it done down in Venezuela. It's only September (and he's taken some sick leave) but he's already "nationalized" 401 companies this year. Plus he's withdrawing from the World Bank's dispute settlement forum used to deal with claims by foreign investors.

He's also working to get Venezuelan assets in friendlier hands, transferring billions of dollars in deposits from US and Euro banks to banks in Russia, China, and Brazil (wow, Brazil, nice work to make Chavez associate you with Russia and China and not the "free world").

And of course there's his plan to airlift Venezuela's gold back to Caracas.

The idea is to make Venezuela's financial assets un-freezable.

I feel very sorry for the younger people of Venezuela. But the older ruling elites of the country brought Hurricane Hugo down on themselves and their descendants with their decades of incompetent, corrupt, short-sighted & elitist governance.

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