Chavez says Venezuela could afford to buy some of IMF's gold reserves

[Judi Lynn]

Chavez says Venezuela could afford to buy some of IMF's gold reserves
The Associated Press
Published: April 13, 2008

CARACAS, Venezuela: Venezuelan President Hugo Chavez said Saturday that his government could afford to buy some of the International Monetary Fund's gold reserves as the Washington-based lender faces hard times.

Chavez raised that idea with a chuckle as the IMF, the lender of last resort for countries in trouble, considers trimming costs by selling off some of its gold reserves.

"Look at how the U.S. empire must be in unimpeded decline, that the International Monetary Fund ... is selling its crown jewels," Chavez said during a speech at a military parade.

"The International Monetary Fund is selling what gold it has left to be able to pay salaries," Chavez said. "We could give a loan to the Monetary Fund. ... We could buy some gold bars. ... I think they're selling gold cheap."

More:
http://www.iht.com/articles/ap/2008/04/12/business/LA-FIN-Venezuela-US-Finance-Meetings.php

[Mika]

1. I just LOVE it!

:bounce:

[Judi Lynn]

2. Beep!

Chavez, driving to vote in the national election.