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Today's Nuze

"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that justifies it."

Frederic Bastiat

HUGO TO NATIONALIZE THE BANKS

By
Neal Boortz
@ December 1, 2009 8:33 AM
Permalink | Comments (28) | TrackBacks (0)

Honestly, it was only a matter of time. Did you know that Hugo Chavez seized four private banks within the last few weeks? And if he had it his way, he would have thrown all of the executives of those banks in jail in case they tried to leave the country. But Chavez has made it clear his intentions to take over the private banking sector in his country. As far back as 2005, Chavez wanted to put government representatives on the boards of private banks, and he wanted to mandate that workers had 20% representation in bank board rooms. That's Hugo. What about PrezBO? Do you think for a moment that this fascist isn't thinking of the same thing here?

But now Hugo has really stepped up his rhetoric. After seizing these four banks, here's what he had to say during a national broadcast: "To all the country's private bankers ... (I'm saying) he who slips up loses; I'll take over the bank, whatever its size ... You want me to nationalize the banks?" I have no problem with that because the banks don't want to extend credit to the poor, they don't comply, they don't want to comply with the bank's purpose for existence, and that is the law."

For Hugo Chavez, the private banking industry is only interesting in enriching a small group of people, when what it really should be doing is "[collecting] funds and savings to help aid the country's development by making loans, extending credits for housing." This sounds so much like the rhetoric of Slobbering Barney Frank, Charlie Rangel, Chris Dodd and other Democrats; including, of course, our president. Just yesterday we had Democrat politicians talking about ways to force financial institutions to lower mortgage payments for people in over their heads.

I wonder when this bank nationalization shoe drops in America.



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What others are saying

  • t-shirt-doctor ignores history
    Why did the U.S. (and Britain) invade North Africa first? It was because they didn't have the manpower nor the military hardware to invade in France. The buildup to D-Day took many months and the supplies were stacked in huge quantities throughout the U.K. If you are going to make a point, at least get some of your facts straight!
  • To Dude
    I do not have answers to all of your questions, but I will say that you are correct that I have made predictions before. I have been wrong on some predictions as far as the severity of the situation is concerned, but for the most part I have actually been right. You have to understand that once you figure out what the elites are trying to accomplish you will be able to predict certain things pretty easily. As far as providing evidence to support what I claim I absolutely cannot support it because first off I no longer have access to that material as I am no longer affiliated with the FDIC. Second off even if I was still close enough to the material I would never risk exposure by coming forward with the evidence. There is no telling the trouble I would be in. Hell I could get in trouble for just talking about internal FDIC information that I know from working so closely with them. Further than that I believe at this point nothing that I could do will stop the agenda of the elites. Look at Climategate for God's sake. If you read all the material and research the data it is obvious that those emails and supporting data sets destroy the case for man made global warming. The information leaves NO DOUBT that it is all a conspiracy to commit fraud against humanity. The administration has announced that this revelation changes nothing as the administration STILL believes that Global Warming is true. All I can tell you is that it would be VERY wise to have an escape plan prepared cause I HONESTLY believe that our country is going down hard in 2010. You need to make sure you have a survival kit put together and it would be good to have extra food and water for at least 6 months. We really are at a real breaking point here in the US. Mathematically speaking it is impossible for us not to have a complete collapse at this point. I just don't know when it will happen because it should have already happened. Something strange is going on to keep the market afloat. Someone somewhere is pulling the strings. I just have no clue what or who it is. That is why I get a sneaky suspicion that my information is correct and that something may end up going down in the first couple weeks of 2010. All I can tell you for now is keep your head down and keep your powder dry cause things ain't going to be pretty.
  • You're both wrong
    We entered WWII to get us out of the Great Depression. Thank you FDR.
  • Hugo and big ears obama
    I'm sorry, I get confused....which guy is Chavez and which one is Obama?One speaks Spainsh I think.Is there any other difference?
  • Doc's Revisionist History
    We didn't enter the war sooner because isolationists like you ruled the day. Instead we sent material and financial support to our allies and hoped someone else would do the heavy lifting. Eventually isolationists like you were overruled but not before so much life was lost and damage done.
  • Steve L.
    if you didn't agree with that, why include in your posting?

    well, why didn't we go to war with germany in 1939? think of the lives we could have saved then. and why did we go to northern africa at the start of our war, instead of france? just think of the lives we could have save then. and why didn't we declare war on the russia when they invaded poland a few weeks after germany did?

    i think of these things. i wish i could simplify things like you have.

    we weren't their for moral reasons. we we there for political reasons. we and the british invaded north africa because we wanted germany and russia to fight tooth and nail. that political for you. no morality here.
  • @ Ivan
    You claim that you work with FDIC and that they are going to have a bank holiday after the holidays. Do you have concrete prooof i.e. memos or other paper trail to send to Neal for him to post on his site for all to see?
    Also so what is the option for the common man who has managed to keep their head above water? Do they pull all FDIC bank accounts out and bury a safe in the yard? Does one buy a bunch of gold/silver coins? they may preserve wealth but you cant use them to buy groceries at Wal mart or fuel at a gas statoin. If there is a bank holiday will ATM networks be in use for purchases of food, fuel or supplies?
    How bad do you predict the crap hitting the fan? Does one sleep on the couch with guns ready? In previous posts this summer you predicted disaster for around late August & early September. Nothing extreme happened. If one is going to look like a nutcase survivalist pulling money out of accounts they may want to have proof in the pudding of somthing big coming from Uncle Sam err Uncle Obama.
  • Nice try Doc...
    but maybe you should put down the joint and read before commenting. I said that the US politicians who are in love with your hero Hugo are drooling at what he's doing with the banks. Obama already started it with the auto manufacturers and we know he would love to do it with the banks too.

    And nice dodge on my question as is typical. Either admit that sometimes military intervention is morally just and required as in WWII, or admit that you'd sit by while millions are gassed because it doesn't directly affect you. Those are the choices. There is no middle ground here.
  • Steve L.
    so your hatred of Hugo has something to do with his drooling over something that may happen here with our banks. that's intelligent of you.

    and who's actions would destabilize the entire area and affect our allies? maybe like our action?

    i would have said it's not our problem in 1917. if we didn't go to war that time france and germany would have settled their trench warfare stalemate with one side keeping an area just like they had done previous times before. but america had to save the day and germany was defeated, and the heavy reparations they had to repay, and the removal of the kaiser(king) where all that was needed to get germany in as bad a shape that hitler rose to power.
  • get your bumper stickers here...............
    osamabama/chevez 2016
  • Part 1
    Hey don't get on tshirt-doctor for expressing his opinion. I agree with him. Who cares what they are doing in Venezuela? We should be worried about OUR banks.

    There will be over 2,000 banks being shut down this year by the FDIC (which is now operating in the red). Think I am joking? That is the internal number the FDIC is throwing around while they literally lie to the American people saying the number will be around 500. I have worked as a contractor for the FDIC and I have heard it from the mouths of FDIC reps. I have been hearing that in the first couple weeks of 2010 the Federal Government will shut down all FDIC backed banks that owe TARP funds (calling it a banking holiday) while they hammer out new lending guidelines that will basically make it impossible for about 99% of credit worthy businesses to get loans. This move along with Dubai World announcing that they are basically bankrupt will cause the entire commercial credit market to collapse. Businesses who rely on their revolving credit lines and who have loans up for renewal will have no choice, but to shut their doors.

    This "double-dip" recession that Obama is talking about IS real and IT IS coming. We all know that it is not a "double-dip" recession. It is a full on Depression. When this happens things will slide here in America in a bad way. It is still possible that the Federal Government will just go ahead and let everyone make as much money as they can possibly make during the Christmas season and then come January they will devalue the US Dollar and institute a new currency with a 3 to 1 or even as high as a 6 to 1 exchange rate. Course if they do not take this course of action the only other option is to let the US dollar continue to get hammered in the market and hyperinflation is a certainty.
  • Part 2
    Just so everyone is clear here. There is NO WAY in HELL the American people are going to be able to comfortably get through this Depression. Either way we go with this it guarantees hardship. On one hand we have the possibility that we could have massive hyperinflation or the other possibility is we could have a devaluation of the dollar and a new replacement fiat currency that is backed by nothing.

    The ONLY way a new currency would have any "credibility" in the world after all that we have done is if Mexico and Canada also backed the new currency with the US. In that scenario we would have officially created the North American Union. At that point the US would be no more and the globalists will have won. For globalism to work the United States MUST lose its sovereignty. Taxes on carbon emissions must be instituted. There is no other way. It would be too expensive. People need to understand this.

    I honestly believe that we are in the last legs of this scheme. It is impossible for the elites to hide what they are doing at this point because it is coming down to the end. Their plans have succeeded for the most part. There have been bumps in the road for them, but the main stream media is running cover for them in big ways (look at their lack of coverage of Climategate). This whole thing has been rigged. It seems as though the entire establishment is working toward global governance full steam ahead meanwhile the average American has literally no clue what is actually going on. The Copenhagen Treaty is a reality. If you read the very latest version of the treaty it literally states that the goals of the treaty are to usher in global government to enforce policy on all of the member countries with respect to their carbon emissions. Once the US enters into the Copenhagen Treaty the US is over. This is not my opinion. This is what the document states.
  • Another good reason to worry about Hugo
    http://www.forbes.com/feeds/reuters/2009/11/30/2009-12-01T005136Z_01_N30470009_RTRIDST_0_VENEZUELA-ARMS-RUSSIA.html

    Sorry it's so long, also on Drudge.
  • hugo
    Yea, and the people that criticized Hitler were unkewl neocons, too, man!
  • gfwFLA
    talk about IGNORANCE!! LOL he was E-L-E-C-T-E-D. i said it slowly so your brain could have enough time to absorb it.

    and i wouldn't call any government corrupt because corruption goes hand in hand with washington insiders, these days. you ever heard of lobbyists? the bailout that no one wanted but was passed anyway?

    i want to know why you are upset over Venezuela's banks when you assume he's a dictator? how is his nationalizing the banks affect you in any way? i guess you've been watching too much of your government/media propaganda machine, that's TV, to your ignorant a**.

    no, i don't want to live under a tyranny. that's why i don't watch the TV news. if i here something that won't affect me in any way, i don't get upset over it.

    calm down. :O)
  • @ Doc
    Wow. That was the most ignorant, selfish post I've ever read. Forget the fact that Chavez is loved by liberals in this country & the current administration and what Chavez is doing must have them drooling at the thought of doing it here. Forget the fact that their actions in Venezuela could eventually destabilize the entire area and affect our allies.

    But if you had been around in the late 30s I guess you'd have been one of those saying "hey, Hitler is Europe's problem, not ours".

    Who cares how many people are sent to the death camps as long as it doesn't affect me, right doc?

    Someday you'll have to grow up and realize it's not all about you.
  • Oh come on Doc!
    It's the love affair the libs are having with Hugo that is disgusting. Surely you don't admire them like Penn & most of Hollywood do? THAT is why it's of interest. Nothing to do with neocon and I think that term is thrown about too frequently. Here lately, you could say progressive is the "neocon" of liberalism. Or would that be vice versa?
  • Riiiiiiiiiiiiight
    Yeah, I am sure Obama wants to copy Hugo's plans. Sometimes even the ridiculous arguments get to be a little boring rather than entertaining.
  • FDR and the banks
    Consider what FDR did with the banks in the 1930s. That's a scary precedent right here in our own country, and it wouldn't surprise me if Obama took a cue from it, but expanded it to full blown nationalization.
  • Cliff Notes
    Obama wants a copy of Hugo's.
  • TShirtDoctor
    You are IGNORANT! Hugo Chavez is a corrupt dictator. He is taking over everything. Do you want to live under such hostile tyranny? Just think that in another decade, Venezuela will be the same as Cuba...another successful communist take-over by those dancing duo Castro brothers.
  • Hugo The Wannabe
    One day Hugo, if you keep this type of behavior up, you might actually be as big a socialist tyrant as the President Of The United States.
  • Nationalization
    We are closer than we have been since the 1930's, but there isn't quite enough political support (or apathy)to have that accomplished. Not quite sure what disaster it would take to get there.

    But, the outcome would not be good for the long term future of the US.
  • it is only a matter of time before it happens here
    It is only a matter of time before all the banks are nationalized if Obama stays in power. One more term would be all it takes.

    This is because Obama, in his second term, would have the Constitution amended so that his power would be in perpetuity. After that, who is to say what he would not nationalize?
  • who cares?
    what they do in some foreign country?

    why do you dislike Venezuela so much? it's because they didn't want to be part of the US's hegemonic empire, isn't it? they told us to f**k off, and it hurt you feelings. that and the government/media propaganda machine making the bad actions they do, page one of the newspapers.

    you're hatred of Venezuela is so neocon it just amazes me.
  • Hugo
    The O is now boarding AF1 to give Hugo a personal "fist bump".
  • What about the radio & tv stations?
    I think he had nationalized all but one of those.

    Let's see, banks, communications, that leaves transportation next. Wanna bet?
  • Ahhhh...Banana Republic: Part two
    So Sean Penn and Danny Glover think so highly of this guy, why don't they put their money in one of what will soon be his banks? I wonder, did they get the chicken dinner tour or did they really get out and see things like rolling blackouts and water for only 3 hours a day, sometimes not at all? Did they see thousands of unemployed technicians, construction workers, degreed professionals, doctors who no longer cared to prcatice because they can make more money driving taxis here? Did they get to ride a city bus and get robbed at gunpoint, while on the bus? Oh wait, Mark LLoyd of the current administration seems to think highly of this second rate thug, too. What I want to know is, do any of these Chavez admirers get rug burn? Do Sean Penn and Danny Glover wake up thinking they've been had in the biblical sense?
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