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2011-08-18 Caribbean-Latin America

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Posted by tipper 2011-08-18 07:47|| || Front Page|| [11131 views ] Top

#1 Hugo (or some subordinates) getting ready to 'cash out'?

Posted by Mullah Richard 2011-08-18 08:53|| 2011-08-18 08:53|| Front Page Top

#2 Mullah Richard -

JUST what I was thinking.

Mike

Posted by Mike Kozlowski 2011-08-18 10:15|| 2011-08-18 10:15|| Front Page Top

#3 Or else some sort of paranoid preparation in advance of some misbehavior which might provoke the freezing of accounts? Like a coup in the wake of an expected and sudden expiration of Chavez?

Posted by Mitch H. 2011-08-18 12:23|| http://blogfonte.blogspot.com/ 2011-08-18 12:23|| Front Page Top

#4 Mitch H Hello!. Yes that sounds possible. If he is terminal and he knows it plus he just got back from Cuba makes you think. He owes Russia and China big time for all the procurements. I have always understood that there is some degree of shock to deal with in any serious injury. He may not be thinking clearly. Paranoia perhaps. The meds may work on the mind as well. I doubt his staff will question his mental state face to face.

Posted by Dale 2011-08-18 13:27|| 2011-08-18 13:27|| Front Page Top

#5 Good point about the potential 'misbehavior(s)' that 'Ugo may be concerned about in his expected passing, Mitch. Might want to pay off the creditors as Dale states (although as to why is the question if he'd be gone - can't believe he is that honorable).

It may not be him ordering these transfers, which says something else entirely.

I'll be curious to see what the next few weeks bring.

Posted by Mullah Richard 2011-08-18 13:48|| 2011-08-18 13:48|| Front Page Top

#6 ...how about...
Hugo's time is short. There is no clear successor. That in the coming power struggle, info leaks that compromises the entire upper echelon with being deep in dodo with FARC. The Colombians are mad enough to seek retribution [re: invade/occupy] or massive compensation. There is no 'good' cop whose around to provide enough force to protect you. What would you do with your ill gotten gains?

Posted by Procopius2k 2011-08-18 15:30|| 2011-08-18 15:30|| Front Page Top

#7 What would you do with your ill gotten gains?

Move to Russia, China or Brazil carrying as much as you can with you?

Some call it 'cashing out'.

Posted by Mullah Richard 2011-08-18 16:20|| 2011-08-18 16:20|| Front Page Top

#8 Hugo is watching what's happening to Gaddafi who was engaged with the West only to find all his wealth frozen and transferred to the "rebels" The central factor is the oil discovery in the Orinoco belt region which appears to have reserves twice as large as the Soddies.Hugo is moving as fast as he can to nationalise the oil field, hence the need to protect against legal challenge by the existing lease holders. The US has shamelessly protected Soddie interests for the last 60 years and the Soddies have adopted a faux Western stance. China and Russia are moving into the vacuum created by all this manoeuvring.

Posted by tipper 2011-08-18 16:28|| 2011-08-18 16:28|| Front Page Top

#9 tipper that is interesting.They are finding oil everywhere. Last year they found a record amount around the world. The thing I don't understand is they have been pumping oil now out of Saudi Arabia for how long and their estimated reserves only increase year by year.

Posted by Dale 2011-08-18 16:57|| 2011-08-18 16:57|| Front Page Top

#10 The cash is being moved to Russian and Chinee to ensure that their accounts receivable will be safe. The gold is being moved to the central bank to avoid seizure in judgement of their various and sundry nationalization arbitration cases.

Posted by S 2011-08-18 17:05|| 2011-08-18 17:05|| Front Page Top

#11 Dale, Don't believe any reserve numbers generated by KSA. I don't know what their reserves are, but they've been overstated for years (IMNSHO.)

Posted by Glenmore 2011-08-18 19:46|| 2011-08-18 19:46|| Front Page Top

23:24 DarthVader
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