Chavez Urges Withdrawals From U.S. Banks

[Joanne98]

Source: AP

CARACAS, Venezuela (AP) — 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."

Chavez noted that U.S. Secretary of State Condoleezza Rice visited Colombia in recent days, saying "that has to do with this summit."



Read more: http://ap.google.com/article/ALeqM5gmDHnBSct5toz7b2TVDLEfFqy8fgD8UDNLJ80

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GOOD!

[Joanne98]

1. Art Transnationalization, ALBA

Caracas, Jan 26 (Prensa Latina) Cuban Minister of Culture Abel Prieto said here that member countries of the Bolivarian Alternative for the Americas ALBA will preserve the essence of their peoples through a Cultural Fund.


Prieto told Prensa Latina the project was necessary to foment the creation, production and distribution of goods and cultural services and to struggle against the transnationalization of the entertainment and leisure industry.



"What happens now to popular cultures is they are either assumed without acknowledgement of their roots, or are simply ignored by the great mechanisms of reproduction," he said.



"One of the most complicated subjects nowadays is distribution," he said, "because this area is really full. You can produce a film with poor and limited resources but nobody finds out."



He specified that ALBA is to make emphasis on distribution of books, cinema, crafts and fine arts in general, under the idea of consolidating alternative circuits that influence tastes and cultural hierarchies of people.



"The important thing is to make those popular cultures the norm, so people can decolonize themselves in cultural terms. It is also key to support cultural nucleii of resistance in our countries, and not invent things where there is already something valid," he added.

The official assured that all Cuban experiences will be at the disposition of the project, including the Casa de las Americas, Festival of the New Latin American Cinema and Biennial of Havana. hr/gdb/iep/mf
http://www.plenglish.com/article.asp?ID=%7B51F77905-C2EF-4CAF-BA7F-CD6B886C947D%7D)&language=EN



PL-9

[boruhila]

12. I love you Chavez

I wish all the other world leaders have backbone saying the same word

[Voltaire99]

2. Hugo's perfectly right.

Why should Latin America trust these dishonest institutions, rife with hallucinated values, fictional currency and securitized rubbish?

Just watch your back, Hugo: I'm sure Hillary'd love to invade you.

[pitohui]

5. the article says the bank will be funded with 1 to 1.5 billion usa dollars

so it's all a lot of hot air, apparently, since if they have that much invested in usa dollars in their new bank, they can't exactly afford to see the dollar collapse, can they?

with words he proclaims how independent he is, with deeds...something else?

i'm asking not telling, by the way, but it just struck me as odd

of the countries at the meeting, ecuador is already dollarized (the usa dollar is their currency) so they sure don't want to see it fail

[L. Coyote]

3. Ahh, the fruits of US foriegn policy decisions under Bush are falling from the tree.

George Bush Sr. May Face Charges: Conspiring to Kidnap and Murder Political Activists
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x2459135

[ooglymoogly]

4. one more domino to fall

He may be outsmarting the Warburgs and the Morgans and the Rothchilds and their ilk who consider money manipulation and destroying banks and whatever parts of the economy they are in disfavor with as their personal plaything.

[Gravelman]

6. Chavez is entering Dangerous territory.

He is fighting the banking establishment and that got Kennedy killed, Lincoln Killed, Garfield Killed, Jackson almost Killed..and I think there are others.

[ooglymoogly]

7. agree on all fronts

These are the most dangerous men on earth and they get away with murder and mayhem with the most outlandish and childish cover ups which the media which they own never questions. They are alas the soulless heart of the Repuke party.

[Gravelman]

11. The Banks own the much of the media along with big business

So we will never see the truth about 9/11 for a long time either. We need to stop believing the news on ANYTHING..I certainly don't.

[DIKB]

8. Don't put all your eggs in one basket,

especially when that basket is teetering on the edge of a cliff.

[Pavulon]

9. 14,000 Billion GDP

the us economic corrections are larger than the entire gdp of Venezuela. BOA has more yearly revenue than the entire country.

FYI..

Hopefully no savvy hedge fund manager causes a crisis we have to bail out..Sound familiar?

[ooglymoogly]

10. And yet....a few hundred billion here and a few hundred billion there and a few trillion

on this war and a few trillion on that, 10's of billions gone missing, a few gazillion on very creative and criminal mismanagement and pretty soon you are talking about some real money, all happening while the national debt has reached staggering levels and the dollar is in near free fall because of it. Other than that I agree with you, the economy is sound as a used muffler on a 56 Cadillac.

[Peace Patriot]

13. Well, I don't particularly welcome what the Bush Junta has prepared for the rest of us

to suffer (and pay for). We are being turned into the biggest "banana republic" on earth--with fascist corporations and war profiteers stealing, hand over fist, trillions of dollars from our treasury, and from our pockets, and inflicting us with nazi laws in case we rebel. I've always maintained that the Bushites and NeoCons are mainly thieves. But never forget that it was Bill Clinton who unleashed the Darth Vader troops on us anti-"free trade" demonstrators in Seattle. The Bushites just loot us blind. What will the Clintons do when that shit hits the fan?

We may be in for a rough ride, friends.

But I think that the South American poor have every right to protect themselves, and their vibrant, new leftist leadership is doing everything it can toward goals of independence and self-determination, and toward their survival of the Bush Crash. In fact, they are so well-organized and far-thinking--and have proven themselves to be so solid against Bushite attack--that we, the pitiful victims of Bushitism, may one day be appealing to THEM for help--for food for our starving millions, as well as for ideas about how to restore democracy here.

One good idea they already have is TRANSPARENT elections.