Hugo Chavez's bipolar currency logic

Hugo Chavez Takes Over the Federal Reserve
Time was when countries believed in strong currencies — strength measured not in the Rhetoric of bearded wise men but of bank vaults flush with gold coin. Venezuelan tyrant Hugo Chavez recently announced that he would be devaluing his currency on New Year’s day.  As the Wall Street Journal reported: News of the devaluation came just after the Central Bank said the Venezuelan economy contracted 1.9% in 2010, the second consecutive year of declining output in the oil-rich nation after a...

Chavez defends economic measures in Venezuela
Venezuelan President Hugo Chavez on Sunday defended his economic measures against criticism by opponents who say a Tax Increase and a devaluation will hurt the poor. Writing in his weekly column, Chavez accused opponents of lying about his government's economic policies to "generate confusion." His government last week announced it was eliminating a two-tiered Exchange Rate and going back to a single, government-set rate. With that decision, the country moved to a single official rate of 4.6 bol...

Venezuela prices up after new devaluation
CARACAS, Venezuela, Jan. 3 (UPI) -- Consumer prices soared in Venezuela as the government of President Hugo Chavez devalued the bolivar and the currency fell further against the U.S. dollar on traditional unofficial markets. It was the second Venezuelan devaluation in 12 months and follows the second Central Bank annual report in the same period confirming the Latin American country's economy continues to shrink despite its oil wealth, international trade and recovery from severe drought last ye...

Right Wing Fodder: Hillary Clinton And Hugo Chavez Shake Hands And Smile
The inauguration of Brazil’s first female president Dilma Rousseff was the sort of international diplomatic event that drew foreign dignitaries and world leaders alike, creating what some may see as inopportune photo opportunities like the image above. Yes, that’s Secretary of State Hillary Clinton sharing a felicitous handshake with Venezuelan President (and right-wing bogey man) Hugo Chavez . “We greeted each other,” Chavez told reporters at Brasilia’s airport acc...

Hillary Clinton and Hugo Chavez: the face of Obama's engagement
A fundamental tenet of President Obama's change to believe in is diplomatic engagement with countries that are less than friendly toward los estados unidos. The friendly outreach hasn't produced much but embarrassing rebuffs from Iran, which continues down its dangerous path toward nuclear armament. Without receiving anything in return, Obama used a Recess Appointment last week to return an American ambassador to Syria, which assassinated Lebanon's president, arms Militant groups t...

Hillary Clinton Chats it Up with Venezuelan Dictator Hugo Chavez Video Report
Here is a video report on news that Secretary of State Hillary Clinton was seen having a “friendly conversation” with Venezuelan Dictator Hugo Chavez, as the two attended the the inauguration for Brazil’s President - Dilma Rousseff. Via Fox Nation ...

Venezuela prices up after new devaluation
Source: Energy Daily/UPI Venezuela prices up after new devaluation by Staff Writers Caracas, Venezuela (UPI) Jan 3, 2010 Consumer prices soared in Venezuela as the government of President Hugo Chavez devalued the bolivar and the currency fell further against the U.S. dollar on traditional unofficial markets. It was the second Venezuelan devaluation in 12 months and follows the second Central Bank annual report in the same period confirming the Latin American country's economy continues to shrin...

Chilean Plan To Weaken The Peso Likely To Be Followed By Others In EM
Chile peso is the worst performer today vs. The Dollar, down 5% after the Central Bank announced plans to buy $12 bln in order to weaken the currency. The bank plans to buy $50 mln a day from January 5 to February 9, with subsequent activity to be announced at a later time. It added that it will sell peso bonds to sterilize this intervention. The last intervention plan was in April 2008, when the Central Bank announced an $8 bln program. However, in the wake of that autumn’s collapse of Le...

Still Like Liberalism? How About Venezuela?
Hugo Chavez, the tin-horned little tyrant running Venezuela, is implementing every liberal policy he can. From seizing land from the rich to price controls, if you can name it old uncle Hugo is trying it. I know liberals always cringe whenever their fellow travelers are mentioned and they try to spin as hard as their little minds can muster in order to make it seem as though people like Comrade Chavez are not really their kindred spirits but the facts don't lie. Continue reading →...

Chavez and the Drug Smugglers
Posted by Matt Gurney on Jan 4th, 2011 and filed under Email, FrontPage. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed. Despite the season, there hasn’t been a lot of occasion for good cheer in Venezuela recently. President Hugo Chavez has side-stepped recent Congressional gains by the opposition by asking for, and receiving, emergency powers to rule by decree for 12 months. He claims he needs ...

Is there an Iranian missile base in Cuba?
Hugo Chavez, the yanqui-hating dictator of Venezuela, will not accept Washington’s proposed emissary and has dared the United States to break diplomatic relations. It seems Ambassador-select Larry Palmer’s sin is that he did not applaud Chavez when he used his rubber-stamp parliament to perpetuate his dictatorial regime. The State Department’s limp-wristed response was to cancel the visa of the Venezuelan ambassador. That, and silence from the White House, told the megalomaniac...

Infidel Bloggers Alliance
MyWay: Without ambassadors, US-Venezuela tensions grow Jan 1, 2:32 PM (ET) By IAN JAMES Caracas, Venezuela (AP) - The United States and Venezuela are starting the year without ambassadors in Caracas and Washington due to an intensifying diplomatic dispute that is likely to persist and boost President Hugo Chavez's long-standing antagonism. Both sides have shown firmly entrenched stances and no willingness to Compromise in the past week as the U.S. government revoked the Venezuelan ambassador's...

US considering seeking new envoy to Venezuela
WASHINGTON (AP) — The Obama Administration says it may nominate a new ambassador to Venezuela after its previous choice was rejected by the government of President Hugo Chavez. State Department spokesman P.J. Crowley said the U.S. believes it is important to have an ambassador in Caracas in order to manage relations, which have been strained by Chavez’s condemnations of the U.S. and by U.S. criticisms that Democracy is deteriorating in Venezuela. Crowley said Monday the administratio...

Caption This: Hillary shakes hands with Chavez
Saw this photo at Andrew Malcolm’s Top of the Ticket page: Photo courtesy: AFP/Adriano Machado Look familiar? It should . The AP’s write-up : Caracas, Venezuela - President Hugo Chavez and U.S. Secretary of State Hillary Rodham Clinton shook hands and chatted briefly Saturday in a rare cordial encounter amid a diplomatic dispute that has left Venezuela and the United States without ambassadors in each other’s capitals. The handshake came as leaders were milling about at the inaug...

Without ambassadors, US-Venezuela tensions grow
CARACAS, Venezuela - The United States and Venezuela are starting the year without ambassadors in Caracas and Washington due to an intensifying diplomatic dispute that is likely to persist and boost President Hugo Chavez's long-standing antagonism. Both sides have shown firmly entrenched stances and no willingness to Compromise in the past week as the U.S. government revoked the Venezuelan ambassador's visa in response to Chavez's refusal to accept the chosen U.S. Envoy. "They thought we w...

Is there an Iranian missile base in Cuba?
Naval Academy graduate and Cold War carrier pilot, Chet Nagle flew in the Cuban Missile Crisis. After a stint as a Navy research officer, he joined International Security Affairs as a Pentagon civilian -- then came defense and intelligence work, life abroad for 12 years as an agent for the CIA, and extensive time in Iran, Oman, and many other countries. Along the way, he graduated from the Georgetown University Law School and was the founding publisher of a geo-political magazine, The Journal of...

Venezuelan ex-leader's burial in limbo due to feud
CARACAS, Venezuela - A bitter dispute between relatives of former Venezuelan President Carlos Andres Perez has derailed a plan to send his body from Miami to Venezuela, leaving the former leader's burial in limbo. Perez's family in Caracas said in a statement Monday that the plan to fly the body to the capital was canceled because Perez's longtime companion and daughters in the United States said through their lawyers that they had never agreed to transferring his remains to Venezuela. Tha...

Is Chavez Going Down the Tubes: Last Chance for Venezuela's Revolution?
BuzzFlash and Truthout offer an ongoing special focus on South and Central America and provide a variety of progressive viewpoints on the economic, sociological and political changes in the area.  This is one of them. The pulse of the revolution grows faint. Extreme measures are needed, since the extremely poor living conditions of most Venezuelans demand it. They are tired of the government taking half actions. Tired of the same super-rich oligarchy dominating The Economy, which creates th...

US considering naming a new envoy to Venezuela following Caracas' rejection of first choice
Source: Associated Press US considering naming a new Envoy to Venezuela following Caracas' rejection of first choice By Associated Press 3:50 p.m. EST, January 3, 2011 WASHINGTON (AP) — The Obama Administration says it may nominate a new ambassador to Venezuela after its previous choice was rejected by the government of President Hugo Chavez. State Department spokesman P.J. Crowley said the U.S. believes it is important to have an ambassador in Caracas in order to manage relations, which have be...

Last Chance for Venezuelas Revolution?
The pulse of the revolution grows faint. Extreme measures are needed, since the extremely poor living conditions of most Venezuelans demand it. They are tired of the government taking half actions. Tired of the same super-rich oligarchy dominating The Economy, which creates the horrendous inequality that overshadows Venezuelan society. If the revolution is not quickly pushed to the left, it will be strangled by the right. For all the positive things Chavez has accomplished as President, he is in...

Clinton Chats With Chavez at Brazil Inauguration
Despite a simmering diplomatic row, President Hugo Chavez and US Secretary of State Hillary Clinton were seen having a brief, friendly chat at the inauguration of Brazil's President Dilma Rousseff. The encounter Saturday came only three days after the United States revoked the visa of Venezuela's ambassador in Washington, in reprisal for Chavez's rejection of the US president's appointed ambassador to Caracas. You must login to comment. The Fox Nation is for those opposed to intolerance, excessi...

Pantsuit Makes Nice With hugo Chavez (video)
Carol's Blog! Illegal Aliens Now Get Free Heart Surgery and Cancer Treatment - Free heart surgery for illegals is insane unless it is an emergency. Providing emergence medical services wasn't good enough for the Obama administratio... Funny video: Redneck Camping Guide #lol #funny #humor - Redneck Camping Guide: You may find this funny video off color if you are a redneck. "funny video" Sales of Electronic Cigarettes Skyrocket - Most would agree electronic cigarettes are safer than re...

Woman killed in 'ferocious' fire
A Pensioner has died after sustaining serious burns in a "ferocious" blaze in an Edinburgh tenement. The 79 year-old was taken to Hospital after being rescued from the blaze at her home in Argyle Park Terrace at 1515 GMT on Monday. She died in the early hours of Tuesday. Two men and a woman were taken to Hospital with less serious injuries. Firefighters said the blaze, on the first floor of the building, was severe and caused "very high temperatures". The woman was treated by...

Simon Blacks Advice to the Younger Generation
If you’re reading this and under 30, let me be absolutely clear about one indubitable point: your government is going to sacrifice your future in order to pay for its own mistakes from the past. To give you an example, Students in London came out to the streets in droves last Friday to Protest the British parliament’s most recent Austerity measures which tripled the cap on their university Tuition to $15,000. Sure, Britain is imposing all sorts of Austerity measures on its citizens&#...

Bankruptcy growing at fastest rate among pensioners
Bankruptcy is growing at the fastest rate among Pensioners, who are struggling to find ways of increasing their income to keep up with the rising cost of living, figures have suggested....