posted 30 September 2005 10:04 PM
"Chavez has also argued against central bank autonomy, saying excess foreign reserves should be spent on economic development projects.
Under his presidency, Venezuela's mostly pro-Chavez Congress changed central bank laws earlier this year so the government could tap reserves for spending, despite criticism that it would lead to devaluation of the local currency and higher inflation.
Every year the central bank must now compute an "optimum" amount of reserves and hand over the rest to a newly created national development fund." http://tinyurl.com/cj7pf
if Canadians could only find the guts to try some of these initiatives before we have to go as far down as the Latin American states have had to go before starting to fight back. of course having an authentic leader would help.
From: nelson,bc | Registered: Mar 2005
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mary123
rabble-rouser
Babbler # 6125
posted 30 September 2005 10:09 PM
Imagine what Canada could be with a leader like Chavez instead of the spineless twits in power.
[ 30 September 2005: Message edited by: mary123 ]
From: ~~Canada - still God's greatest creation on the face of the earth~~ | Registered: Jun 2004
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M. Spector
rabble-rouser
Babbler # 8273
posted 30 September 2005 10:15 PM
If we're doomed to be ruled by twits, I much prefer the spineless variety.
From: One millihelen: The amount of beauty required to launch one ship. | Registered: Feb 2005
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posted 30 September 2005 10:04 PM
