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WIll Energy & Mineral Wealth Displace the Dollar as an International Exchange Mechanism?
from
Noticias 24 Moscow, 26 August, 2011 (AFP) - Russia nad Venezuela are studying the possibility of creating a new international financial institution, that would become the equivalent of the World Bank in a more modest form, it was reported in the Russian periodical Kommersant.
In 2010, the two countries countries singned an accord regarding the creation of a bank of 4 billion dollars and designated to finance public projects, Kommersant recorded.
According to the periodical, on Thursday in a meeting between Hugo Chavez and the Russian Chancellor Serguei Lavrov, that the bank would have offices in Moscow and two other cities, Caracas and Bejing.
Sources in the Russian delegation who accompanied Lavrov on his visit that Venezuela wishes to convert it into a financial institution with much more importance than originally envisioned.
"We are studying rhe possibility of converting this bank into an international financial institution in the image of the World Bank, but of course with a much more modest proportion," stated these sources.
Other members of the delegation indicated that Chavez was disposed to transfer to this bank a portion of the accounts of the Venezuelan state oil company.
from Noticias 24 
i hav no doubt that the dollar will continue to decline.
ReplyDeleteIt's sad. And we have an administration that either doesn't care or thinks it is a good thing if it does decline.
They wouldn't know American Exceptionalism if it kissed them on the mouth.
Glenn Beck: "I am informed by [my chief of staff] Joe that Hugo Chavez wanted a detailed itinerary of what I was planning on doing in Hugo Chavez’s Venezuela, and Hugo didn’t like it, and he would not allow my plane to land in Venezuela,” Link
ReplyDeleteSince RCTV, Hugo hasn't had the best relationship w/members of the 4th estate.
ReplyDeleteRussia and Venezuela buddying up? Ye, gods.
ReplyDeleteSometimes, I feel as if the noose is really tightening around the neck of the United States of America.
Gog and Magog.
ReplyDeleteAOW's right..the noose is tightening just as we've been weakened so badly by a president who doesn't support our constitution or our ethos and who acquiesces to our enemies. And we're broke. Now what?
add to that ...our military's on its knees already. Here's one of the White House guidelines for the 9/11 Memorial at New YOrk:
ReplyDelete"The death of Osama bin Laden was viewed as reason for officials to “minimize references to Al Qaeda.” While terrorists affiliated with Bin Laden’s network “still have the ability to inflict harm,” the guidelines say, officials are to make the point that “Al Qaeda and its adherents have become increasingly irrelevant.”
Funny, so's America.
Russia and Venezuela "teaming up" is like a homeless stew bum and a cheap hooker jointly finding a $100 bill in the gutter and using it to buy a cheap room and ingest illicit substances. It's bound to end badly for all involved.
ReplyDeleteHugo has a continent to conquer. He's already got ALBA. He's got UNASUR which was previously Mercosur????
ReplyDelete