Hugo Chavez Outmaneuvers The NWO By Securing Gold Sector

The Intellihub
By Avalon
August 17, 2011

Say it ain’t so Geronimo…

Yes, looks like the only foreign leader among the vast Criminal Cartel took the lead for usurping power in a pre-emptive strike against monopolization of Venezuela’s Resources – sorry IMF…

If that’s too complex to understand, try the alternate headline –

Venezuelan President Hugo Chavez tells the IMF to go  &#*% Themselves

Undoubtedly, with this recent move, the strategic chessboard will need heavy re-positioning. Will there be sanctions against Hugo – will Hillar-ugh launch into a tirade of insults heaped with a quasi-masculine tone thereby projecting male authority?

Will he be invited to the next concert at the Lincoln Center – no, I doubt it.

In a strategic move to bring stability to his country, Hugo Chavez has done the unthinkable. He has claimed the natural resources of his sovereign people FOR the people of Venezuela.

According to riotous reports streaming all over the internet, there’s no telling what will happen next – lets first take a peek over at (notice the bullet points) The Wall Street Journal.

  • –Chavez says he will introduce “decree to take the gold sector”
  • –Government looks to take over production, ramp up international reserves
  • –Chavez hinted in May he may centralize control over gold
  • –Rusoro CEO says he’s not worried about expropriation

CARACAS (Dow Jones)–Venezuelan President Hugo Chavez said Wednesday he plans to nationalize the country’s gold industry in a bid to take over production and cut down on smuggling, while ramping up international reserves.

Speaking on state television via telephone, the leftist leader said he will introduce a new decree in the coming days to put exploration and extraction of gold into the government’s hands.

It will be “a decree to take the gold sector,” which still remains in the hands of a “mafia and smugglers,” Chavez said.

“We don’t only have oil wealth, we have here one of the largest reserves of gold in the world … Let’s convert it into our international reserves because gold is increasing in its value.”

One word of caution – the people of Venezuela are going to be very upset that their president is protecting their natural wealth, so there’s no telling what their reaction might be.

Over at Bloomberg, there’s wild speculation how markets will react, especially all of the shorts that are now in peril don’t ya know.  According to Bloomberg, who is notorious for feigning surprise, the headline reads:

Venezuela’s Chavez to Nationalize Gold Mines Held by ‘Mafia’

If that isn’t enough, they are quoting with incredulity (per usual) that Chavez thinks quote, “The area is run by the mafia,” Chavez said of the gold industry today. “We’re going to nationalize gold. We can’t keep allowing them to take it away.”

Their report goes on to state emphatically that:

“Venezuela’s National Guard first seized control of the Las Cristinas mine, which has reserves of about 27 million ounces, in November 2001 from Canada’s Vanessa Ventures.

Venezuela’s 365.8 metric tons of gold reserves makes it the 15th-largest holder of the precious metal in the world, according to an August report from the World Gold Council. Venezuela’s gold holdings accounted for about 61 percent of the nation’s international reserves, according to the report.”

Over at FOX Business, they’re getting the make-up on as we speak for a smash broadcast, to be followed up by Cooking with Elephants – a segment I think will be fine for the whole family.

While posting a pretty picture of Gold (where did they get that), their article is much the same – wonder how that works. The screaming headline reads:

Chavez Plans on Nationalizing Gold Industry

FOX Business starts off by reminding the reader that Chavez is a ‘Socialist”.

“The socialist leader said he would carry out the nationalization through a decree to be issued in the coming days and called on the military to help control the sector.”

Wonder what their opinion is of someone who demands an entire country pay for state managed Health Care? At any rate, the “Fair and un-balanced” report quotes Chavez – with great angst.

“I have here the laws allowing the state to exploit gold and all related activities. That is to say, we’re going to nationalize the gold and we’re going to convert it, among other things, into international reserves because gold continues to increase in value,” he said in a call to state television. 

The announcement comes a day after an opposition legislator revealed a report showing the government’s top finance officials were recommending the repatriation of 90 percent of Venezuela’s gold reserves held abroad. 

“We’ve managed to increase the international reserves. We have close to 12 or 13 billion of dollars in gold reserves. We can’t allow it to continue to be taken away.”

Starting to see some similarities – Socialist Leader – State Controlled?

CNBC took a more calm approach, as should be expected (they have an older audience) and analyzed the situation, which produced, How Will Market React to Chavez Plan to Nationalize Gold Sector?

The announcement comes a day after an opposition legislator revealed a report showing the government’s top finance officials were recommending the repatriation of 90 percent of Venezuela’s gold reserves held abroad.

“We’ve managed to increase the international reserves. We have close to 12 or 13 billion of dollars in gold reserves. We can’t allow it to continue to be taken away,” Chavez said.

Gold was $1,793 an ounce Wednesday which would indicate a neutral impact to this news.

“It is not a big deal beyond making official what has been the de facto policy in Venezuela for many years,” says Trevor Turnbull, Director of Gold & Precious Metals at Scotia Capital. “There are very large resources in the Kilometre 88 district, most famously the Las Cristinas deposit that has tens of millions of ounces in resources.

 “Nationalization of Venezuela’s gold assets is really just a continuation of the trend we’ve seen in Venezuela since Chavez came to power,” he says. “There would be little effect on gold mining since most mining companies have abandoned their projects because of onerous policies.”

And finally, CNN was too busy with all of the trivial bs to really care much about the story – either that or everyone was on the phone calling their broker. The headline over at CNN is too lame to mention, but here it is anyway – for your reading pleasure:

Chavez to nationalize gold production in Venezuela

By the CNN Wire Staff

August 17, 2011 — Updated 1828 GMT (0228 HKT)

(CNN) — Venezuela will nationalize the exploration and mining of gold in the country, President Hugo Chavez said Wednesday.

To summarize, who gives a crap if Venezuela nationalized their Natural Resources if it ends up protecting the sovereignty and economic vitality of Venezuela?

Did we see the media that upset when General Motors was shipped off to Chine? Did we see the media so upset when the former CEO of General Motors was appointed Economic Tsar (Russian for Caesar) – how’s that job working out anyway… How’s the Economy doing?

People, think for yourself and watch as the diatribe of slander comes from any cooperating journalist or newscaster that Chavez is All Evil or a Socialist Mad-Man. He may have JUST SAVED HIS NATION!

FURTHER READING

Hugo Chavez Nationalizes Venezuelan Gold Industry, Demands 211 Tons Be Returned From Abroad – JPMorgan, Bank Of England & ETFs Scramble For Physical Metal

Chavez Plans on Nationalizing Gold Industry

How Will Market React to Chavez Plan to Nationalize Gold Sector?

Reuters

How Will Market React to Chavez Plan to Nationalize Gold Sector?

Chavez to nationalize gold production in Venezuela

Note: This is not about supporting Socialism, rather it is documenting how the corporate media is pretending to be upset about this and labeling Chavez a socialist while at the same time supporting those type of ideas in the health care system of America.

The globalists banksters are openly looting almost every country in the world, and whenever a nation such as Iran, Venezuela, or Libya keeps the banksters out they are immediately attacked by the corporate media and, in some cases, American and NATO military forces.