Monday, 1 December 2008

Update on Chávez's wet dream


Hugo Chávez has just announced (in Spanish) he wants the process for calling signatures for the referendum and all that for January. He says he does not want people to be discussing that too long. What does that mean? Obviously, Chávez is starting to realise that unless the oil price rises again dramatically, he will start to get out of money at that time. As Miguel and others have pointed out, it is extremely difficult to know how much money the Venezuelan goverment has in its reserves as there is no accountability anymore (there was never a lot of that in Venezuela, but there was some)

For foreigners:

Venezuela does NOT a parliamentarian system. It has a very extreme case of presidential system and Chávez forced 26 laws last year that allow him basically to completely circumvent any local authority he wants. Besides: he as the head of the petrodollar state, is the one that distributes every single cent of the oil revenues.


Update: and he just said here (Spanish), joking, that he would ask the Chavista governor of Aragua to keep an office for him as the opposition is trying - according to Chávez - to control all of Caracas. This reminds me very strongly: do you know who else had a love for ruling from Aragua? This one
And I told you so here.

1 comment:

  1. Anonymous2 December 2008 at 11:18

    Just forgot: the colours below do not correspond to the ones in the first graph, I just did not have time.
    Kepler

    ReplyDelete

1) Try to be constructive and creative. The main goal of this blog is not to bash but to propose ideas and, when needed, to denounce
2) Do not use offensive language
3) Bear in mind that your comments can be edited or deleted at the blogger's sole discretion
4) If your comment would link back to a site promoting hatred of ethnic groups, nations, religions or the like, don't bother commenting here.
5) Read point 4 again