Venezuela warns capitalists against market manipulations http://www.hamsayeh.net/hamsayehnet_iran-international%20news1222.htm

Like all other developing countries Venezuela also suffers from market manipulation schemes in the hands of US or Western backed business people who thrive on destabilizing the market for greater political and economic profits. Venezuela has been experiencing higher inflation figures this year up by five percentage points. The Bolivar also lost value against US dollar from the official rate 4.3 to 8 bolivares for one US dollar.

The Venezuelan President explained how the financial mafia was so internationally entrenched that even trying to boost the value of bolivar against other currency would be ineffective.

'Because the bourgeoisie and those in charge of the trading houses, the private banks and so on, they know everything, they've been involved in this all their lives, they have international connections,' Chavez said.Although the global financial markets today is experiencing an unprecedented crisis caused by US-led casino capitalism, other developing countries try hard to limit exposures from threats posed by the current Western induced recession..