Chavez Says Economic Crisis Hasn’t Touched Venezuela

[matthew.manhorn]

Feb. 9 (Bloomberg) -- Venezuelan President Hugo Chavez (http://search.bloomberg.com/search?q=Hugo+Chavez&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) said the global economic crisis hasn’t touched “even a hair” of the Venezuelan economy, even as the plunge in oil prices slashes export revenue for the OPEC member country.
Venezuela’s savings, built up in international reserves and development funds, and its implementation of foreign exchange controls helped it prepare for the drop in oil prices, Chavez said yesterday in an interview with the Venevision network.
“Not even a hair has been touched,” Chavez said. “Why? Because this is a solid economy. If you ask me what measures need to be taken, I’ll say we’ve been taking them for some time.”



Continued: http://www.bloomberg.com/apps/news?pid=20601086&sid=a62UQnk_knSk&refer=news


Damn im gonna move to Venezuela

[Connaught Ranger]

Maybe not for the King of the Chav Clan, but some of the locals will be feeling the effect,
but as they are not allowed to publicly voice their opinion, we wont hear to much about it.

[PALADIN]

It doesn't need to touch Venezuela. I'd take an economy in recession over normalcy in Venezuela.

[Kilgor]

Another crack smoking Idiot.

Some of their nationalised oil companies are not in good shape.

[LineDoggie]

Chavez Says Economic Crisis Hasn’t Touched Venezuela

Riiiiight, and I'm the Astronaut **** Star- Major Pocket Rocket :roll:

[jupiter]

roflroflroflroflroflroflLet's ask a Venezuelan member!

[Firefly26]

What a windbag.

[Empulse]

The might Venezuelan economy is untouchable. Low oil prices don't affect Venezuela.

Right... this man is outrageous.

[ZARDOZ]

Uh huh......

http://www.google.com/hostednews/ap/article/ALeqM5jBZdWQYMqOAMXJ_BSxSn6ccYT4pwD96650001

"CARACAS, Venezuela (AP) — Venezuela's state oil company is behind on billions in payments to private oil contractors from Oklahoma to Belarus, some of which have now stopped work, even as President Hugo Chavez funnels more oil revenue to social programs.
Petroleos de Venezuela SA, or PDVSA, says unpaid invoices jumped 39 percent in the first nine months of last year — reaching $7.86 billion in September. And that was when world oil was selling for $100 a barrel."

[tommy00]

Living in denial,..isn't that what politics like Chavez usually practicing...

[MaDuce]

Chavez just wishes he was as great as the almighty leader Kim Jong Ill.

[jupiter]

Uh huh......

http://www.google.com/hostednews/ap/article/ALeqM5jBZdWQYMqOAMXJ_BSxSn6ccYT4pwD96650001

"CARACAS, Venezuela (AP) — Venezuela's state oil company is behind on billions in payments to private oil contractors from Oklahoma to Belarus, some of which have now stopped work, even as President Hugo Chavez funnels more oil revenue to social programs.
Petroleos de Venezuela SA, or PDVSA, says unpaid invoices jumped 39 percent in the first nine months of last year — reaching $7.86 billion in September. And that was when world oil was selling for $100 a barrel."
Normal words from Chavez and all the so-called "caudillos del pueblo" but let's wait until the reality settles in Venezueal.