I suppose one of the perks of being a dictator is that you can do whatever the hell you want with your country’s resources. You know, like oil, or gold. Hugo Chavez plans on doing just that, with gold off the charts right now, above $1700 an ounce, the Venezuelan government will nationalize production including extraction and processing and use it’s output to boost international reserves. Nice.

Reuters has the story:

The move follows a dispute between his government and foreign miners who say the rules limiting the amount of gold that can be exported from the South American nation hurt their efforts to secure financing and create jobs.

Toronto-listed Rusoro, owned by Russia’s Agapov family, is the only large gold miner operating in Venezuela. It produced 100,000 ounces last year.

The gold industry will be just the latest part of the economy to be put under state control by the socialist leader, who said he would issue the necessary decree in the coming days and called on the military to help control the sector.

Chavez made the proclamation in a phone call to state television. He said that because gold continues to rise in value, he would nationalize the industry in what he called a state “exploitation” of gold and all related activities.

Hey, don’t blame him. He’s only following in the footsteps of FDR. Obama would do it if he could get away with it. The problem for Venezuela is that Chavez can get away with it.

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What’s the best way to spend World Water Day? How about spouting off insane nonsense about capitalism killing off life on Mars? Hugo Chavez did. And no one in the media seems to think that that isn’t normal.

Chavez, who is never at a loss for words about anything, said that he’s always thought that perhaps Mars had life at one time but then evil capitalism showed up and finished the planet off.

Here’s one thing Chavez didn’t clarify though. He didn’t say whether or not it was American capitalists who went to Mars or whether it was Martian capitalists who destroyed their own planet.

I don’t suppose it matters. Bottom line is that capitalism is evil and destroys worlds. Good show.

Think about it for a minute. Sarah Palin get’s hammered for allegedly saying that she could see Russia from her house, but the media is mostly silent about a Hugo Chavez, Mars once teamed with life but capitalism killed it off rant. Nice.

 

 

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Cool. I wonder if we’ll ever be able to restore Penn’s dignity? Probably not; we’ll leave that up to Hugo Chavez.

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You Da Man! You Da WoMan!

On January 2, 2011, in Barack Obama, Hillary Clinton, by TWB

What once was………..

…….still is.

H/T: Fausta

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