Chavez: Pull reserves from US

[donsu]

http://news.yahoo.com/s/ap/20080126/ap_on_bi_ge/venezuela_alba_summit


Venezuela - Venezuelan President Hugo Chavez urged his Latin American allies on Saturday to begin withdrawing billions of dollars in international reserves from U.S. banks, warning of a looming U.S. economic crisis.

Chavez made the suggestion as he hosted a summit aimed at boosting Latin American integration and rolling back U.S. influence.

"We should start to bring our reserves here," Chavez said. "Why does that money have to be in the north? ... You can't put all your eggs in one basket."

-snip-

Chavez warned that U.S. "imperialism is entering into a crisis that can affect all of us" and said Latin America "will save itself alone."
-snip-
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S.A. is right to try and protect their country's finances

this is going to be such a fun year. eat your Wheaties. (if you can afford to buy cereal)


(mods said I could post this thread in GD)

[PDJane]

1. He's right, of course,

But if the world slides as far down as it might, that's only minor help.

[Deja Q]

2. So as the US (and subsequently all other countries) start falling, that piece of pus will be immune?

I oh-so-wish to repeat a quote from the King of Spain...

[wuushew]

3. Why do you think ALL other countries will start falling?

somebody better tell China.

[Deja Q]

4. So the news about the European and Asian stock markets are bogus?

BTW: If China is an enemy, we has the US been helping them to prosper all these years? I am well aware of sweatshops, but the fact more than 1/3rd their people is out of poverty and are able to be middle has has got to say SOMETHING to the opposite effect.

When will the global world oder level the flat plane known as the globe again?