If you don't hold it, you don't own it......

Venezuela has become the illegitimate gold owner :) according to the UK, to hell with the LBMA thing
Where did Ukraine and Libyan gold went to, ops stolen
 
Jim4silver said:
You would think a country could find a place to safely store their gold in their own nation?

https://www.breitbart.com/europe/20...s-off-venezuela-maduro-regime-foreign-assets/
Click to expand...
Sometimes a nation will store some of its gold overseas for safety purposes. The Nazis stole what gold they could get their hands on from the countries they invaded but because each nation had gold stored overseas they did not get it all. In these days of fiat currency it is not as important as it used to be.
 
Ian Gillman said:
Sometimes a nation will store some of its gold overseas for safety purposes. The Nazis stole what gold they could get their hands on from the countries they invaded but because each nation had gold stored overseas they did not get it all. In these days of fiat currency it is not as important as it used to be.
Click to expand...

I get that, but it looks like the Brits just "stole" it and they didn't even need to invade the country nor kill anyone. In the "modern" world, I think the Brit type of theft is more common that the "Nazi" invasion method.

There is no "perfect" way to store gold, but I would assume there are some good hiding places in a big country that even invaders would have a hard time finding.
 
And of course it would have nothing to do with CIA pressures against Maduro over the last few years. They are so practiced at regime change in South America they've become lazy about covering up their machinations.

The current economic situation Venezuelans are going through results from political actions undertaken by those who want to seize power of a country that has the largest world oil reserve, the second largest gas reserve, and the largest freshwater reserve, gold and coltan in the world. They intend to impede the success of a system other than capitalism. They are unconventional warfare weapons that, deviously yet massively have hurt the Venezuelan people. The distortion of the economy and the concomitant social unrest, has been a means to achieve political objectives that seek to undermine people’s support to the national government, influence the elections and even generate social chaos that eventually overthrow the Government.

https://warisboring.com/56060-2/

and

http://www.15yultimo.com/wp-content...WARFARE-IN-VENEZUELA.-PASQUALINA-CURCIO-C.pdf
​
and:

In Iraq, Afghanistan, Syria and Libya the United States has shown an eagerness to destroy countries before allowing them to burn indefinitely. Setting such a fire in the Americas could be very useful for U.S. imperial power in the region, an example for others that may choose to challenge our corporate elites. Finding a place for millions of refugees in a region throwing up barriers to entry as fast as possible is likewise liable to prompt a myriad of unforeseen consequences, as will the prospect of complex intrigue over Venezuela’s oil riches.

The one thing that’s certain is that the folks beloved by Chavez — the poor and forgotten of Venezuela — are in serious trouble. Chile has seen generations of yawning inequality and periodic economic privations since Allende’s ouster.

Unless Venezuela’s political leadership can consolidate its position, restore its mass base, expropriate and suppress its current ruling class and establish a new system of government by and for the working masses — all while avoiding direct military attack from the United States or its allies — it will get all of that and worse.

The indications are not good right now, and it is incumbent upon U.S. citizens not interested in mass murder for the sake of Wall Street to demand the truth about Venezuela and to compel the media to present a more diverse array of views on this complex situation. Until then we must educate ourselves so that unlike the people of Latin America we might not be doomed to repeat history yet again.
Click to expand...
 
JulieW said:
And of course it would have nothing to do with CIA pressures against Maduro over the last few years. They are so practiced at regime change in South America they've become lazy about covering up their machinations.

The current economic situation Venezuelans are going through results from political actions undertaken by those who want to seize power of a country that has the largest world oil reserve, the second largest gas reserve, and the largest freshwater reserve, gold and coltan in the world. They intend to impede the success of a system other than capitalism. They are unconventional warfare weapons that, deviously yet massively have hurt the Venezuelan people. The distortion of the economy and the concomitant social unrest, has been a means to achieve political objectives that seek to undermine people’s support to the national government, influence the elections and even generate social chaos that eventually overthrow the Government.

https://warisboring.com/56060-2/

and

http://www.15yultimo.com/wp-content...WARFARE-IN-VENEZUELA.-PASQUALINA-CURCIO-C.pdf
​
and:
Click to expand...


Does that have anything to do with where they stored their gold?
 
Jim4silver said:
Does that have anything to do with where they stored their gold?
Click to expand...

It's likely why they can't get their gold. USA pressure in order to continue destabilization of the Maduro government.

I don't understand the mechanism entirely, but according to the above article:

Since 2012 Venezuela has faced a twin plague of shortages and rampant inflation. Venezuelan economist Pasqualina Curcio makes the case in her 2016 book The Visible Hand of the Market: Economic Warfare in Venezuela that both phenomena cannot be explained through normal economics, but rather by political causes.
Click to expand...
 
Ag bullet said:
sounds to me like the we have the two common denominators to conflict- the USA and oil.
Click to expand...


You better hope the USA stays on top because your country benefits from its relationship with the US, as do you. The world is like it has always has been. The liberal utopia world will never exist because it is an impossibility.

There is a constant struggle for power between nations like the US, Russia, China, etc etc. All of them do similar things behind the scenes. But it's always the fault of the US according to lefties.

I wonder how well off the world would be if China was in charge? They have a great organ harvesting system in their prisons per reports, in addition to the countless atrocities the citizens face, and general lack of freedoms, but that is the fault of the US.

How are those women's rights and gay rights in the mid east nations? But it's the fault of the US for that too. What would the world be like if one of those nations was in charge?

I wish the US would stop meddling but my opinion won't change things.

I almost wish western world lefties would get the experience of living under a nation's power like those I mentioned and see how much they would like it. Instead, they get to live like relative fat cats in western nations, absorbing all the benefits such western ways have created, yet they bitch and moan and blame such ways and call them bad, without looking in the mirror at themselves.
 
Last edited:
I agree with you Jim and I am not a leftie. I just wanted to highlight the uncanny frequency with which the US involves itself with the affairs of nations that have oil. There are plenty of other countries with social turmoil derived from oppressive regimes but if that ain't got oil they are safe from US intervention at least.
 
stackmans said:
It not just Venezuela, where do you think Australia keeps it gold?
And they can't even find it.

https://www.news.com.au/finance/eco...d/news-story/c0fe71e8bd40a3440a58febb80df8da3
Click to expand...

That is one of few atoms of light that has been shun on our gold situation.

So quick numbers we are leasing out 11 ton of gold for a return of 700K. Pretty poor investment by any standards which works out to be 0.1% returns.

I doubt that is a net figure, by the time storage costs and the like are taken out there is no point leasing it.

Timmy
 
JulieW said:
It's likely why they can't get their gold. USA pressure in order to continue destabilization of the Maduro government.

I don't understand the mechanism entirely, but according to the above article:
Click to expand...
US got to keep the gold, and give USD to Guaido
Venezuela gold got hijacked
Foreign intervention
the oil money ? where is it... ops Venezuela is under US sanction and the dollar does not flow
US intervention just failed again just like the previous one in Turkey :)
 
Last edited:
Madura desperately needs the gold to pay off the mid-rank army officers, otherwise not even Putin’s battalion of little green men can save him. If Madura falls, oil is going to plunge which will benefit China. His prognosis don’t look good. Unless Russia will go alone to save him.
 
sgbuyer said:
Madura desperately needs the gold to pay off the mid-rank army officers, otherwise not even Putin’s battalion of little green men can save him. If Madura falls, oil is going to plunge which will benefit China. His prognosis don’t look good. Unless Russia will go alone to save him.
Click to expand...

if Maduro got killed, then China would loss hundred of billions
But situation is very much under the control, the current president has the full military backing, this situation is similar to Turkey
Their Friends are giving their support Russia, China, Turkey, Iran, Syria, Cuba

https://sputniknews.com/analysis/20...KFUDH9QG3l8QyqjmLwlPfdJOgNwdNDtPyS7CizQN-refk
 
Last edited:
Judging from the record of his economic policies, If Madura stays on, China also won’t be able to get back the billions lent to Venezuela. Cheap oil is good for the Chinese economy but very bad for Russia. Russia may intervene.
 
The US sanctions had been going on since 1999 when Hugo Chavez got elected President
Those oil revenues were used to fund social programs aimed at fostering human development in areas such as health, education, employment, housing, technology, culture, pensions, and access to safe drinking water.
Chávez's public friendship and significant trade relationship with Cuba and Fidel Castro undermined the U.S. policy of isolating Cuba; moreover, on Chavez's initiative, long-running ties between the U.S. and Venezuelan militaries were severed.

When Qaddafi used the oil money for water and the Libyan people, he was killed

 
Last edited:
sgbuyer said:
Madura desperately needs the gold to pay off the mid-rank army officers, otherwise not even Putin’s battalion of little green men can save him. If Madura falls, oil is going to plunge which will benefit China. His prognosis don’t look good. Unless Russia will go alone to save him.
Click to expand...
If oil price plunges Russia will take an economic hit. Russia has made substantial loans to Venezuela. No doubt their loans will be repaid but, maybe not in the form and timeframe Putin wants.
 
paruwka said:
If oil price plunges Russia will take an economic hit. Russia has made substantial loans to Venezuela. No doubt their loans will be repaid but, maybe not in the form and timeframe Putin wants
Click to expand...

It also depends on where the money has gone. The new Malaysian government wants to sue Goldman Sach and refuse to pay the loan given to the previous corrupted administration. They are also cancelling all the "road and belt" projects.
 
paruwka said:
If oil price plunges Russia will take an economic hit. Russia has made substantial loans to Venezuela. No doubt their loans will be repaid but, maybe not in the form and timeframe Putin wants.
Click to expand...

Russia is not dependent of the oil price, the oil company may get hit over a short term period, but since the sanctions....the country's is much less depend on just oil, the income is very much diversified now

Its not likely that Russia and China would let Venezuela become a vessel of the US again
 
You must log in or register to reply here.
Back
Top