|Hugo Chavez speaks at the United Nations, New York|
The timing of this announcement could not be more damning to the international fiat paper money system. The dollar has already been terribly devalued, the people are very upset, and the only answer from the so-called economic authorities who occupy the influential underbelly of the established order in banking, politics, and education; has been to shrug and encourage the people to accept the hard times, the homelessness, and the suffering without complaint.
Considering the fate of Gadafi's Libya, one would expect NATO to threaten Chavez with military action. Obama and NATO bombed Libya because their self-sufficiency was a real threat to the tyranny of the global masters. Libya has declared gold reserves at more than $6 billion. Their GMMRP (Great Man-Made River Project) was built without a dime from the IMF or World Bank and was set to change the desert landscape of Libya forever.
Below is a scene from the movie There Will Be Blood starring Daniel Day Lewis as oil-man Daniel Plainview. The movie is set in the America West around the turn of the twentieth century. The scene is yet another example of the powerful forcing the smaller man out of the industry. The meeting is between Plainview, his associate and two men from Standard Oil.