Venezuelan Stock Market and Currency Collapse

January 11th, 2007

The wheels are coming off the cart. The New World Order is going to look like every-man-for-himself for the foreseeable future. HA! Chávez should demand payment for oil in gold, and then back a new currency with that gold. Can you imagine how fast the U.S. bombers would be scrambled?

Via: Times Online:

Venezuela’s stock market tumbled almost 19 per cent and its currency lost a third of its value in unofficial trading as investors took fright at President Chávez’s plans to nationalise utilities as part of his “Socialist revolution”.

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2 Responses to “Venezuelan Stock Market and Currency Collapse”

  1. George Kenney says:
    January 11, 2007 at 10:40 am

    Hey Kevin, you could link in Silver Coins through Amazon so people can buy real money with their ‘federal reserve notes’ before we have to shovel them into furnaces to heat our homes.

    http://www.amazon.com/Bank-Roll-30-Silver-Libertys/dp/B000EZ5D6C/sr=8-3/qid=1168511910/ref=pd_bbs_3/105-4857819-2370810?ie=UTF8&s=miscellaneous

  2. Mike says:
    January 11, 2007 at 7:54 pm

    Dang it all, sure with I was ex-patriated in VZ. The US Dollar appreciated by a third in only one day. I wonder if they are still legally exchanging US dollars in VZ?

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