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Message: Chavez recognizing the failure...........

Chavez recognizing the failure...........

posted on Nov 12, 2008 08:59PM

.....of the oil policy ;will he be going for gold ? I would say <<YES>>.

oiramoric



He denied having plans to nationalize banks
Chavez admits that falling crude oil will affect government plans


Chavez in ceremony Credit Communal Banks Municipal Theater. Intopress

The president hopes that the oil price spike

Intopress
Caracas

President Chavez admitted on Wednesday that a prolonged fall in oil prices could affect the projects of his government.

Oil has fallen and there is the factor that continue to spread in the time it can affect us and clearly affect us, he added.

The president also denied having plans to nationalize the bank, rejecting the recent appeal made to it by the Communist Party of Venezuela (PCV) to implement such a strategy to confront the global financial crisis.

They said that I should nationalize the banking and everything. That's not the strategic line of ours, we are going to move forward according to plan and pace, he said.

He criticized the leadership of the PCV argued that the State has not touched the bank "or the petal of a rose." "I tell myself: How can we have not touched the oligarchy or the petal of a rose? They handled PDVSA (Petroleos de Venezuela), oil revenues as it chooses, handled the BCV," he said.

On the financial crisis stated that "it was coming from Venezuela and humbly had made proposals. Some are underway, but other media are under bombardment to try to stop them. "

Its experience that took the country during the great banking crisis of 1994, which occurred in the administration of Rafael Caldera, "the government that was controlled by the bourgeoisie and the bankers, the money of the people he gave the bankers, and bankers, who had already stolen from savers and bankrupt the country, took the financial aid. "

Venezuela began to recover from the crisis in 1999, "when the Bolivarian Revolution came to the Government. That's why for some time, we warn of this crisis, but there is no worse blind as those who will not see. "

At present, "while the world disappear in the big banks, no bank here in Venezuela has fallen or will fall. Imagine for a moment here if it were to govern the Fourth Republic. "

With these words President Chavez called for reflection, so that all Venezuelans "look after what we have achieved in these years of Bolivarian Government.

For us to have more failures, it is necessary to contrast what is happening in the world with what is happening in Venezuela in the political, economic and social issues

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