Things I’ll be thinking about this week…
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.
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 ???
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