The Devil's Excrement





  The Devil's Excrement
Observations focused on the problems of an underdeveloped country, Venezuela, with some serendipity about the world (orchids, techs, science, investments, politics) at large. A famous Venezuelan, Juan Pablo Perez Alfonzo, referred to oil as the devil's excrement. For countries, easy wealth appears indeed to be the sure path to failure. Venezuela might be a clear example of that.
Last updated:
4/2/2007; 8:38:34 PM

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Monday, January 12, 2004


 

Interview with Chavez in today’s El Universal. Quite a few veiled threats in there:

 

On the CNE: The referee (the CNE) has to be very careful, because if the referee loses the respect of the players, and specially the spectators, maybe the game will not end. I trust the good judgment of the referee, but if there is strong proof, visible, the truth will be there.

 

On violence: If they insist in the path of violence, it could be their end, physical or political…

 

On the private sector: If we start again falling in a situation where the owners shut down companies, I have the decree ready to take them over. If any TV station encourages rebellion, I take it over too. ……I have maintained myself within the Constitution…but I am not willing to continue doing it.

 

Finally, on Sunday, Chavez mentioned again his request for the one billion dollars from the international reserves:

 

“We are looking for references in other countries, doing a comparative study, there are laws that are established so that when a country has excess reserves they can be used (??). We have to open the gates in regulated fashion, directed towards national production” he proposed “an extraordinary fund to promote agricultural development, another one for small businesses, another for tourism, another fro education and health, extraordinary expenses, instead of having those dollars in some bank in North America or Europe” He added: “ That is the basis for the battle. What happens is that we are facing the rules of neoliberalism.” He closed by saying:” The gold bars in the Central Bank are moldy, it is stupid to keep gold bars in cold storeroom, when you could move them and get credit”

 

Well, up to now I believed he was just picking a political fight to take over the Central Bank, now I am not so sure, he is saying that he wants to borrow money against the reserves, certainly insane, to use the word used by one of the readers of this page in the comments.  


10:13:44 PM    comment []



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