Home > President Chavez proposes Latin American currency to replace US dollar

President Chavez proposes Latin American currency to replace US dollar

by Open-Publishing - Thursday 28 September 2006
2 comments

Trade-Exchange Rates Governments South/Latin America

President Chavez proposes Latin American currency to replace US dollar

VHeadline.com News Editor Patrick J. O’Donoghue writes: Returning to Venezuela, President Hugo Chavez Frias has opened an natural gas industrial complex in Sucre. 

During the event, the President has accused the US Drug Enforcement Agency ( DEA) and The CIA of being infiltrated by narco- trafficking. 
• Both security agencies, Chavez Frias muses, sometimes contaminate Venezuelan police officers. 

"We broke an agreement with the DEA, because the DEA was engaged in political espionage ... we are discussing another agreement, but with better conditions for Venezuela." 

The President insists that three times more drugs have been seized in Venezuela and big narco fish have been arrested, after breaking off the DEA agreement. 

According to the Venezuelan President, the US government has failed in everything it has undertaken, especially the war on drugs and terrorism. 

If George Bush had any dignity, Chavez Frias challenges, he would resign because he has been a complete failure ... Venezuela, on the contrary, is conquering ... "we are advancing in project with great success."

Chavez Frias has criticized the US dollar monetary system, arguing that the world is aflood with dollars that are not worth a cent. "It’s not good to have dollars right down ... I wouldn’t recommend anybody to have dollars." 

Instead, the President proposes a new Latin American currency called the Sucre.
http://www.vheadline.com/readnews.asp?id=67694

Forum posts

  • The Gulf states plus Saudi Arabia will have their own currency within the next 2 years. Iran may join, too. Given the fact that Russia and China could create a similiar currency system - the Greenback or Dollar will loose the importance it once had.

    • The Greenback will more than lose its importance as the lead fiat currency, it will soon drop like a ton of bricks. Americans who are wise to the coming economic tsunami spawned by the Feds and their relentless deficit spending are now dumping their dollars in exchange for real commodities: gold, silver, other more stable currencies such as the Euro, yuan even the Canadian dollar is a better investment than the US dollar. The US’s real competition, the SCO countries of China, Russia and India have already started dumping their US dollar reserves using them to buy precious commodities and other currencies.
      The political leadership of the US (the two-faced party of Repukables and Dimocrats) seems to believe that Osama Bin Laden and a bunch of desert maniacs are our country’s real enemies.
      The real enemy of the American people is our own political leadership, a failed, myopic and corrupt leadership that still refuses to even acknowledge that our economy is destined to fall apart if nothing is done to reassure foreign investors that their investments in the US treasury will be paid back. Gobbling more and more foreign funds to pay off a false and ever growing ’war on terror’ ( war FOR terror is what it should be called) is simply retarded and eventually will ruin not only our military but our prosperity as well. We need to flush out the vermin in Congress that have pushed us onto this precipice come November. Vote INDEPENDENT in November. There are only a couple of dozen Congressmen who have any integrity at all, the rest are sleazoids, parasites, i.e. con artists and white collar criminals whose knowledge of the Constitution of the US is nil and couldn’t care less about our civil liberties or our prosperity so long as they are still first in line at the Federal Government pig troughs.

      (the US national debt is now over $8.52 trillion)

      Go to: http://www.toptips.com/debtclock.html