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:
4/26/2009; 1:53:19 AM

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Tuesday, April 07, 2009

Sir Allen Stanford still in denial
Even now, Sir Allen Stanford claims that authorities are finding �billions and billions� all over the place. Watch the full video in ABC News. BTW, he claims all customers in Venezuela got their money, which is certainly not the case, as the auction requires replacing part of the capital of the bank:

http://abcnews.go.com/video/playerIndex?id=7271768

The story and more video here.

12:42:58 AM comment []