Wednesday, October 05, 2005

Chavez takes the money and runs

Venezuela has moved its central bank foreign
reserves out of U.S. banks, liquidated its
investments in U.S. Treasury securities and
placed the funds in Europe, Venezuelan President
Hugo Chavez said Friday.

"We've had to move the international reserves
from U.S. banks because of the threats," from the
U.S., Chavez said during televised remarks from a
South American summit in Brazil.

This is what happens when you make new enemies
and muck around in their business. Kinda like two
sharks fighting in this case.