Chavez brings first shipment of gold to Venezuela from foreign vaults as global economy slides http://EndtheLie.com/2011/11/26/chavez-brings-first-shipment-of-gold-to-venezuela-from-foreign-vaults-as-global-economy-slides/#ixzz1eyxAb6RN

Hugo Chavez said, “Now [the gold] will go to a place from which it should have never left: the central bank vaults [in Caracas]; not those in London or in Europe, but our own land.”This is likely quite a good move as Western banks are becoming increasingly exposed to massive amounts of derivatives and sovereign debt crises that are wracking several economies.These crises very well might be engineered by central banks and their “too big to fail” cronies just as the crash in 2008 was, and Chavez might be preempting a possible gold run by demanding physical delivery of his gold now before there is no gold to deliver.While Merentes would not give the specific number of tons of gold brought shipped to Venezuela on Friday, he said that the shipment was worth roughly $300 million.This comes as U.S. stocks see the worst Thanksgiving drop since 1932 and all indicators show the European sovereign debt crisis continuing to worsen.Chavez’s repatriation of gold reserves is part of his initiative to nationalize the Venezuelan gold sector, something which the Wall Street Journal says “puzzled economists.” Venezuelan officials said that they were seeking to minimize exposure to the overly indebted Western economies of the United States and Europe, while leveraging the high price of gold that only seems to be rising.They also said that they were seeking to invest in developing allies like Russia and China which have also been investing in the Venezuelan economy and continue to grow at rates not seen in the West.There has also been a steady attack on Chavez coming from the United States and the West in general so his choice to demand his gold now prevents Western nations from seizing his assets held abroad as they did to Gaddafi. According to the World Gold Council, Venezuela holds the 15^th-largest gold reserves and Chavez said, “It’s the economic reserve for our kids. It’s growing, and it’s going to keep growing, both gold and economic reserves.” Unfortunately you’ll never hear Bernanke or one of the countless criminal Western banksters saying such things, all they care about is robbing us blind and making sure we are enslaved by debt for generations to come.