Bolivarian Republic of Venezuela-Venezuela Makes A Huge Transfer Of Gold From Switzerland To Banks In China, Russia, And Brazil http://axisoflogic.com/artman/publish/Article_63582.shtml

We watched the story reported by Swiss Info (below) unfold in real time over the last two days on TeleSur, VTV and CNN (English & Spanish) here in Venezuela. The Swiss Info report tries to explain the Chávez government's decision to return Venezuela's gold bullion to Venezuela with the following twist: "Banking officials call the move a big risk that could be prompted, in part, by litigation to recover damages from the nationalization of Venezuela's oil fields -- a bill that could range from $10 to $40 billion."In other words, these "banking officials" (whoever they might be) are suggesting that Venezuela owes $10-40 billion to corporations that once stripped Venezuelan petroleum under agreements with corrupt regimes in the pre-Chávez decades.

Under those agreements, petroleum companies paid 0-1 percent in royalties for the oil they took with most of that money going to the corrupt ruling class which now forms the Venezuelan opposition. Venezuelan Opposition: The role of the Venezuelan opposition as imperial stooges has become more apparent in the last 24 hours with their nominated spokesman, one Julio Montoya a member of the National Assembly from Zulia state objecting to the tranfer of gold and funds in reserve.

He objected to transferring the reserves to other Venezuela-friendly countries since, as he maintained, it would put the national wealth closer to the hand of "Chávez' cronies," implying that this is all part of a plan by Chávez to loot the natioanal wealth. Obviously no evidence was presented for this indirect accusation. They have no arguments against this measure except for the ears of their mentally unbalanced anti-Chávez fanatics.