Thursday, October 06, 2005

 
Venezuelan President Chavez , must be getting ready to have more troubled times with the United States. Venezuela’s Central Bank director confirmed that several months ago the Bank transferred $20 billion of its slightly over $30 billion in foreign currency reserves from the U.S. to Basilea, the Bank for International Settlements in Switzerland. According to Central Bank director Domingo Maza Zavala “the U.S. Dollar has been depreciating relative to the Euro … it was thus considered convenient…” 60% of Venezuela’s foreign reserves are now placed in Euros and 40% in U.S. dollars, according to Maza Zavala.

This comes on the heels of a Texas immigration court's decision to allow Luis Posada Carriles, to stay in the United States. Carriles has long been sought by Venezuela and Cuba. Venezuela has formally requested extradition of Luis Posada Carriles, to be tried for the bombing of Cubana Airlines flight 455, in which 73 people were killed on October 6, 1976. The Bush administration is refusing to honor the extradition treaty between the U.S. and Venezuela. Posada Carriles was a CIA agent, trained in assassination, explosives and sabotage.

Porter Goss, the Director of the United States Central Intelligence Agency called Venezuela the leading Latin American nation to be alarmed about in 2005. And the Senate Select Committee on Intelligence regarding “Global Intelligence Challenges 2005: Meeting Long-Term Challenges with a Long-Term Strategy”, Goss classified Venezuela as a “potential area for instability.” Do they mean Venezuela is unstable now or that the U.S. should destabilize Venezuela?

President Bush wouldn't attack a sovereign country for no justifiable reason would he?



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