Shades of FDR! Socialist Chavez nationalizes gold

posted by
August 25, 2011
Future of Freedom Foundation
by Jacob G. Hornberger  
Posted in Commentary

"Venezuelan President Hugh Chavez has announced that he’s nationalizing the country’s gold industry. He also announced that he’s bringing Venezuelan gold reserves held in the American and European banks to Venezuela. There’s no doubt as to why Chavez is bringing the gold reserves to Venezuela: He fears that the U.S. government will do to Venezuela what it’s been doing to Middle East dictatorships with the imposition of sanctions -- seizing their money and refusing to send it to them." (08/25/11)  

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