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This report on Venezuela today from Bloomberg: Venezuelan President Hugo Chavez ordered his government to repatriate $11 billion in gold held in banks abroad [Bank of England, JPMorgan Chase & Co. , Barclays Plc, Standard Chartered Plc, and the Bank of Nova Scotia] to safeguard the country from the economic crisis and said he’ll nationalize the local gold industry. … Earlier today Chavez said [...] Everyone’s favorite South American dictator, El Caudillo Supremo, Hugo Chávez, has been doing his wacky, crazy stuff again. But what can you expect from a man of the people who is having fun driving Venezuela into the ground. So, I can’t understand why his supporters are turning on him for doing exactly what he has [...] In a follow-up to my article on Argentina’s road to hyperinflation, it appears that Mrs. de Kirchner is getting nasty in the way all autocrats get nasty: kill the messenger. As mentioned in the previous article, the level of ignorance, stupidity, and demagoguing by de Kirchner and her central bank head, Mercedes Marco del Pont, [...] Hugo Chávez, the little socialist fool of Venezuela, continues his rampage over his own people. In this latest article he announces that he has declared war on his own people, i.e., anyone that opposes him. What you are seeing are the logical conclusions of socialism. This from Bloomberg: June 2 (Bloomberg) — Venezuelan President Hugo Chavez [...] This is a reprint of an article from Business Week on Hugo Chávez’s latest failure of socialist planning. Anyone who has read about the early days of the Bolshevik dictatorship in Russia will find this familiar. I’ve portrayed Chávez as an international clown whose ignorance is only matched by his arrogance and his megalomania. It is [...] If it weren’t for Hugo Chávez, my favorite Latin American dictator, life would be pretty dull. The guy is a walking, talking economics lesson. He’s so easy to pick on because he has the Sadim touch (you know, instead of turning things into gold like Midas, he turns things into crap).
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