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Old 10-01-05, 10:41 PM   #2 (permalink)
Pacridge
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Re: Venezuela Liquidates All US Assets

Quote:
Originally Posted by danarhea
Venezuela has moved all its central bank assets out of the United States, has liquidated all its investments in US treasury securities, and has placed all of its funds in European banks, thus converting it all to Euros.

Does Venezuela see a coming monetary crash coming in the US, or is it merely keeping its promise to take economic action if the US kept supporting the idea of assassinating Chavez?

Article is here.
It's probably more show then anything else. But the massive US debt might have had some small effect on their move.
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