Archive for December 7th, 2009

Venezuela follows Russia – too funny

Monday, December 7th, 2009

Rumors have been flying around the real estate industry nationwide (for months now) that major buying interest has recently developed for US property from Hugo’s neighborhood of all places. Why anyone would want to spend money outside the confines of that illustrious socialist utopia is beyond me, but the rumors have persisted nonetheless. Certainly the Las Vegas real estate market is a prime target for foreign national interest, and one can assume that some of Venezuela’s finest (read wealthiest) citizens have considered our market seriously, among others.

Now comes this news from the New York Times …

The government of President Hugo Chávez of Venezuela, facing a crisis at several banks acquired by his supporters, moved over the weekend to assert greater financial control by detaining one of the country’s most powerful financiers and forcing the resignation of the banker’s brother, who is a minister and a top Chávez aide.

The arrest on Saturday of the financier points to a broadening purge of a group of magnates known as Boligarchs, who built immense fortunes this decade on the back of close government ties. Their nickname is derived from the combination of Russian-style oligarchs and Simón Bolívar, the historical icon of Mr. Chávez’s political movement

Too funny !! Chavez is following Putin right over the cliff !! How predictable was that ??

Actually, it’s not at all funny for masses of impoverished citizens struggling at or below the poverty level in two countries with massive natural resources and NO good excuses for corrupt and pathetic governance.