Monday Mount Up 7.28

Things I’ll be thinking about this week…

Hugo Chavez

He says the media spreads lies about him. He says the lie about Venezuela spending 30 billion dollars on Russian weapons etc. is an outrageous lie. Well Hugo is right that is a lie. He has spent about 1 billion though,has about 3-4 billion on order and Russia expects if all things stay the same (Euro weapons pricey,US weapons denied) Hugo should pony up another 5 billion over the next 10 years. Hopefully Hugo won’t be around over the next 10 years.

“Regardless of the situation on global arms markets, Venezuela under Hugo Chavez will continue to buy Russian weaponry, and may spend $5 billion or more over the next 10 years on imports of Russian military equipment,” said Ruslan Pukhov, director of the Center for Analysis of Strategies and Technologies.

In 2005-2006, Venezuela bought over 50 combat helicopters, 24 Su-30MK2 fighters, 12 Tor-M1 air defense missile systems and 100,000 AK-103 rifles from Russia. Current contracts are worth about $4 billion, according to various sources.

Chavez earlier thanked Russia for providing easy-term loans to help modernize the Venezuelan Army. He pledged to continue military and technical cooperation, including the purchase of military hardware, such as Russian Sukhoi aircraft and helicopters.

Venezuela is a major purchaser of Russian weapons and hardware. In 2005-2006, Venezuela ordered weaponry from Russia worth $3.4 billion, including 24 Su-30MK2V Flanker fighters, Tor-M1 air defense missile systems, Mi-17B multi-role helicopters, Mi-35 Hind E attack helicopters, and Mi-26 Halo heavy transport helicopters.

here and here

The Mortgage Bailout

We shouldn’t bail out big banks but we should bail out people who gambled and lost ? The people who signed on the dotted line hoping to flip the mortgage or property down the short road for profit are for the most part the recipients of the mortgage bailout porker that Congress has penned. The culture of letting government step in when you the citizen have failed your responsibility is poison. This will be an area I’m wanting to look at deeply.Some lines of thinking…Is this just a dem vote getter ? Is this good ? What can be done to reverse Americans rampant consumerism and lack of personal responsibility ???

Bolivian Nationalization

This has gone from being a stand alone post to a being a call for insight and notice of interest. Bolivia has some issues and many of those come courtesy of Washington. The other aspects are the actions of Evo Morales and his mentor Hugo Chavez. After some consideration and minimal research I’ve softened even more on Morales and am urging my fellow Yankees to look at Bolivia and get a position. I like to think Bolivia has a great future and that the US can be an honest friend.

On the note of nationalization I’m getting the water,petro’s and I guess the airport but….

Can anyone help me on why private pension funds need to be taken over by the government ?

LA PAZ, Bolivia: Bolivia’s president is seeking to nationalize two of his country’s biggest private pension funds, which manage assets worth more than US$3 billion.

A bill that President Evo Morales plans to send to Congress this week would put Bolivian pensions under control of an “autonomous and decentralized” agency, eliminating private funds administered by Swiss group Zurich Financial Services and leading Spanish bank Banco Bilbao Vizcaya Argentaria.

Vice President Alvaro Garcia on Sunday said the plan would protect existing accounts while creating a fund for self-employed workers, who comprise the majority of Bolivia’s work force.

The two private funds now manage savings for about 1 million Bolivians, or 10 percent of the poor country’s population. IHT

And from today’s other post

Immigration and enforcement issues

Immigration local law enforcement enforcing federal (American ?!) law



  1. Marc says:

    Well, I’d like to point out that the mortgage bail out of course also bailed Freddie Mac and Fannie Mae, so its not just bailing out individual homeowners.

    It also provided a number of benefits not related to bail outs such as lower fixed mortgages homes, etc, etc.

    Not that we should be dealing out any more cheap credit, as its what got us into this mess in the first place.

    As for Morales, I agree. Condemning governments after the fall of the USSR for being socialist is rather narrow minded. Most are only “socialist” to the extent that they dislike foreign ownership of natural resources. No particular ideological connection to Marx, Trotskey, Lenin, Stalin or Mao. Lingering connections to Fidel and Che, but only to the extent they embody a successful rebellion against outside control.

  2. in2thefray says:

    “Brazil won’t say it, but Chávez’s build up is what has made it invest in its military,” says Reserve Col. Geraldo Lesbat Cavagnari, coordinator of the Strategic Studies Group at Unicamp university in São Paulo.
    He [Chavez] has warned opponents of his Bolivian ally Evo Morales that “rifle and machine guns will thunder” if they try to topple President Morales but Venezuela still does not have a military machine capable of shock and awe, analysts said.

    CSM 01/08

  3. lwtc247 says:

    Why can’t pension funds be under govt control? If they are currently in the hands of private organizations – US leaning institutions, they are more likely to dabble in a bit of derivative trading here an there.

    Ooops! What pension funds?

    If the US didn’t encourage the coup against Chavez (which involved the deaths of innocents), didn’t allow calls for his assassination to go unpunished, and actually tried to form a normal relationship with Chavez, then perhaps he Chavez wouldn’t need to feel the need to buy so much arms.

    A bit of a comparison to the MASSIVE US defence spending announced the other day in the midst of the unfurling of the greatest economic scams of all times wouldn’t go amiss either.

  4. Alfie says:

    lwtc24/7….thanks for stopping by. The Chavez portion of the post : I think Hugo is a two faced. On one side he’s all “They tried to kill me ” the other side speaks / nay whispers about the trade between our two countries.He’s actually wasting the peoples money in my opinion.
    The Bolivia pension funds: I don’t have a problem with government pension plans.I honestly just questioned why two private funds that have no impact on the Morales government instituting pensions need or deserve to be taken over.
    One of the biggest stories of 2008 into 2009 that hasn’t been getting common folks attention worldwide is THE NEW ARMS RACE. Everyone and I mean everyone is arming up.It ain’t go

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