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Venezuela Proposes New Regional Currency During ALBA Summit
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James Suggett
Venezuelanalysis.com
December 2, 2008
Caracas — In a speech at the III Extraordinary Summit of the Bolivarian Alternative for the Americas (ALBA) in Caracas on Wednesday, Venezuelan President Hugo Chávez proposed the creation of a regional monetary bloc with its own currency to break the hegemony of the U.S. dollar and U.S.-dominated international financial institutions.
“We are going to create a proposal for a monetary zone of solidarity-based commercial exchange,” said Chávez. “The hegemony of the dollar must end.”
The currency would start out as a virtual compensation system, and later become a hard currency, Chávez explained. It would make Latin American countries less susceptible to the effects of the world financial crisis, he said.
Chávez suggested that the name of the currency be the Sucre, in honor of Antonio José de Sucre, a South American independence hero. SUCRE also stands for Unified Regional Compensation System, translated from Spanish.
The ALBA is an alternative trade bloc to the U.S.-backed Free Trade Area of the Americas (FTAA), and its members include Honduras, Nicaragua, Cuba, Bolivia, Venezuela, Dominica, and Ecuador as an associate.
Chávez also said the ALBA member countries must construct their own solutions to the world financial, food, and ecological crises. “We are not going to wait here with our arms crossed for the World Bank or the International Monetary Fund (IMF) to come and solve the problems for us,” said Chávez. “We have things to say, the South also exists.”
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December 2nd, 2008 at 4:40 pm
Smart man.
December 2nd, 2008 at 4:42 pm
LOL, i’m sure they other south american leaders trust good ol hugo…
December 2nd, 2008 at 4:47 pm
of course hes a smart man, you dont become the leader of a nation without being smart, except in america
December 2nd, 2008 at 4:49 pm
I am not so sure about chavez. Last year I was on vacation in Venesuela and not one person I spoke to had anything good to say about chavez. One guy said that he is even trying to control peoples minds.
He sounds good from this story but that was not what I experienced when I was there. Oh and the people from the other South American countries like Columbia for example, were quite rude and hostile toward us as americans. To the point that they were really pissing me off.
One more thing. To all the dip s--- football shirt wearing morons driving around with their flag stickers. There is a middle class in other countries you morons. Not a damb thing special about ameri…….I mean the Fatherland.
December 2nd, 2008 at 5:16 pm
You will see the U.S. talking favorably about Chavez now. This plan is similar to the Amero and will be integrated into the SPP/Amero plan. He has drunk the koolaid and will be a friend to America now. The only reason they were mad at him was because he resisted the plan for regional currency.
One more step to the new global currency.
December 2nd, 2008 at 5:20 pm
huh? HUGO BOSS
December 2nd, 2008 at 5:33 pm
I give him until the new year.
December 2nd, 2008 at 6:08 pm
Mr. Chavez, this almost sounds like your trying to set up a Latin American Union. Could Chavez really be a part of the NWO?
December 2nd, 2008 at 6:16 pm
They know what’s going on, they’re not fools, and this is very encouraging news.
#2…you smell your own stench then. If you would have read the article you would know that they are seemingly in favor of this.
““In Capitalism, there are no human beings, but consumers, there is no Mother Earth, but raw materials, and great asymetries exist among families, countries, and continents,” Morales asserted”
Wise words!
December 2nd, 2008 at 7:16 pm
Hey hugo–whatever it takes to put distance between the us and you is better for you. You don’t need this c---tree anyway. You got russia to help ya out. Lucky you.
December 2nd, 2008 at 7:31 pm
Very smart man. If anyone wants to know more about Chavez I recommend “The Revolution Will Not Be Televised”. Will give you some insight into “the man”.
December 2nd, 2008 at 7:41 pm
I beleive he is a wolf in sheep’s clothing, very slyly uniting some anti american regimes and forming a block just the same way other global blocks have been or are being created… appearing as if they were all independant of each other Ha! If the globalists would come out openly and suggest that union it would be rejected without a second thought, but using a supposed rebel to suggest a solution (in reality another building block to the global Antichrist system) is one way to succeed. When the blocks are all ready they will then easily be assembled together to finish the world take over by the Globalists, like a child Lego construction. They manipulate the american public’s mind to accept the criminal Iraq war and the bailout and noone can stop them even if we rise against it, don’t you think they could get rid of Chavez if they wanted to? He is their well disguised tool to move forward in an area where they could not openly do it themselves! My 2 cents! God have mercy on us!
December 2nd, 2008 at 7:48 pm
chavez is talking about a unifired currency just like the euro and amero and people here think that he’s one of the good guys? He talks about the very things the nwo wants and you people think he’s got his head screwed on straight?
Some people here sound like people I know at work who found the truth about 9/11, understand that it was a lie but think that life would just go on as usual.
Read the first 3 lines of my post at #4. EVERYONE I spoke to in Venezuela had nothing but bad to say.
December 2nd, 2008 at 8:44 pm
Why are you all wondering about Chavez? Does his country have a central bank? YES… HE IS BOUGHT AND PAID FOR…. Just because our government says they dont like him doesnt mean anything. REMEMBER… WE MUST HAVE ENEMIES
December 2nd, 2008 at 9:47 pm
The insinuation that Chavez is a tool of the nwo could not be more absurd. The
peoples of South America have long been exploited by US federal agency
intervention. They are doing this out of rejection of a global currency. So they
won’t be a part of the beast system. The more nations that resist this god-damned
global conspiracy, the better chances of defeating it. I suppose the fact
Venezuela has been buying billions worth of Russian military equipment, and fast
becoming it’s ally, is just more proof of them being a part of the nwo…please.
CIA already had their fun with Chavez. The Economic blackmail didn’t work, the coup
didn’t work, next step: full blown invasion!
Taken from wiki:
“Upon news of Chávez’s return, Condoleezza Rice, then National Security Advisor to
U.S. President George W. Bush, said: “We do hope that Chávez recognizes that the
whole world is watching and that he takes advantage of this opportunity to right
his own ship, which has been moving, frankly, in the wrong direction for quite a
long time.” Rice gave no opinion on the plotters”
You mean, moving away from the direction of your tyranny?, like this disgusting
bitch is anyone to speak of a nation moving in the wrong direction. f--- you!
“Bush Administration officials acknowledged meeting with some of the planners of
the coup in the several weeks prior to April 11(oh rly¿), but have strongly denied
encouraging the coup itself, saying that they insisted on “¿constitutional means¿”.
Because of allegations, an investigation conducted by the U.S. Inspector General,
at the request of U.S. Senator Christopher Dodd, requested a review of U.S.
activities leading up to and during the coup attempt. The OIG report found no
“wrongdoing” by U.S. officials either in the State Department or in the U.S.
Embassy.”(of course not, the United States does things strictly by the book…the
book that they wrote and edit as they see fit)
I agree with number 11, everyone needs to watch the documentary ‘The Revolution Will Not Be Televised’.
President Chavez in his own words: “You messed up with me”
http://www.youtube.com/watch?v=TI0_VzFxTzs
December 2nd, 2008 at 10:08 pm
I like Chavez, he seems like a pretty honest man that doesn’t like seeing his people f---ed over by the Nazis.
December 2nd, 2008 at 10:35 pm
I hope Chavez has his will filled out. Challenging the banksters doesn’t usually lead to a very long life span.
December 3rd, 2008 at 12:05 am
Unless he has the common sense to back his region’s new currency in precious metals he is nuts. The banksters will let him setup a fiat money system and then they will kill him and take it over slowly but surely.
Now if all the countries agreed to make the new currency backed by gold, silver, copper and other metals then I see it working long term for the region. They have lots of metals in South America so why not? A nice basket of metals so no single one could be manipulated.
December 3rd, 2008 at 12:13 am
I know nothing about Chavez except the NWO hates him. And nothing is as evil as the NWO so I hope he succeeds.
December 3rd, 2008 at 1:03 am
Country’s need to be indepentant, world bank, imf need to be destroyed. European Union also needs to fragmented and again become independent, death to the empires.
December 3rd, 2008 at 1:56 am
“Why are you all wondering about Chavez? Does his country have a central bank? YES… HE IS BOUGHT AND PAID FOR…. Just because our government says they dont like him doesnt mean anything. REMEMBER… WE MUST HAVE ENEMIES”
Dude, the US government was caught trying to overthrow him!
December 3rd, 2008 at 5:38 am
a currency of oranges, horale vatos.
December 3rd, 2008 at 9:39 am
Everything Alex has been saying would happen, is coming down all at once. Its grim baby. I think I’m going to start coming to terms with the possibility that this is the end. I mean really the end. Man. If anyone wants to come and visit me at my patriots cave blog you are welcome. Its not all expose NWO yada yada all the time, I have fun stuff too like free stuff, spiritual books you can get for free. contests. remote viewing experiments. Deep space scanner. world-wide prayer chain in case you need help. Its not all serious you dig, because this stuff gets depressing and we need to have fun a little too. Come to the cave and see us. all are welcome. all religions too. here is the link: http://patriotscave.blogspot.com/
December 3rd, 2008 at 10:01 am
Im sure Haliburton-Brown &Root-Kellog are hard at work with our tax dollars in Brazil right now to try and stop Venezuela’s Chavez. America already led a coup against this man but thanks to the real citizens of Venezuela they released him from jail. Chavez knows it was Bush admin. that did it. He knows it’s about the oil. Viva Chavez. We need people in our countrys government to put an end to our war machine run by fascists.
December 3rd, 2008 at 10:20 am
I guess chavez would be the world leader in the drug trade also, he is already a criminal in that area. I say he should be hung by his testicals, but the poor of his nation are idiots who follow the commie line for a few pesos and some corn on the cob. the poor are getting ripped off in venezuela, just another commie dictatator. His rule won’t last to much longer, its just a matter of time he gets a bullet in the head.
December 3rd, 2008 at 10:27 am
Hugo Chavez is the truth, he is one of the only world leaders brave enough to risk his life and stand up to the US, FTAA, IMF and world bank….google “the revolution will not be televised”
December 3rd, 2008 at 10:41 am
The rest of the world is going to force US to go to a global currency. They will just not recognize the U.S. dollar any more forceing us to go to a one world currency
December 3rd, 2008 at 12:12 pm
chavez meets with,and highly respects the pope
December 3rd, 2008 at 12:16 pm
chavez kissing the popes hand
http://christiandom.files.word.....ff_ful.jpg
December 3rd, 2008 at 1:02 pm
Jus’ maybe we the ’sheeple’ should follow his idea and throw out our own Fed.Reserve Bank Notes and start our own WE The People currency……GOLD/SILVER BACKED!…. Seni’or Chavez knows whats up….DumbAss Amerikans don’t!
December 3rd, 2008 at 3:53 pm
I dont like that communist SOB, but I’m all for their independence from the globalist bankers. I would like to America follow suit but thats not gonna happen. Not without the tribulations coming.
December 3rd, 2008 at 8:40 pm
lol..for all you bible thumpers out there..there will be no savior, OK?! if anything it will be the Antichrist which will bring in the Luciferian doctrine as Albert Pike said. That is when the reptilian Draconians will come en masse and totally enslave humanity(we already were but they need to do this because we’re at a crossroads of evolution through mutation..)
December 3rd, 2008 at 8:50 pm
Some of you need to be enslaved by reptilian draconians – unfortunately that isn’t going to EVER happen.
December 4th, 2008 at 12:39 am
Oh for crying out out loud. People saying that it is rediculous that Hugo Chavez is part of the NWO are so igrnorant He has gone to the UN and called for a New World Order before. Plus the elite always control both sides of everything: he is just another side. And he rambles on about doing things like sanctions on the US and sending oil flying sky high: when that hurts the little guy and not the corrupt people running things. And the elite want 10 regions anyway. He is just helping to set up one of those regions. And of course he bashes the US: the elites plan is to bring the US and set up a full blow world government in it’s place. A lot of people here seem to be only half woken up. Some people here though are showing that they are more clued in about Chavez.
December 4th, 2008 at 12:43 am
How can people here think he is going against the New World Order here when he is setting up a South American Union, which is exactly what the elite want? Good grief, the absuridty of some people!
December 4th, 2008 at 9:35 am
http://www.petitiononline.com/.....ition.html
——————
The Transparency of Loyalty in Government Amendment is 325 signatures strong today, 4 Dec 2008. If this proposal were law the ramifications would TRULY be revolutionary and more effective than anything the truth/revolution movement has yet to propose. The last time this legislation was passed the US was invaded by England and the TONA was purged from American history. This IS the ORIGINAL 13th Amendment, it should be an easy sell! Please sign and support. For the love of justice PASS THIS ALONG!! I cant win this battle alone as one voice cannot be heard above the s---storm of corporate propaganda.
If you want to know who is a corporate self serving shill sellout, send them this petition and see if they will pledge their allegiance against corruption. If you are not against corruption,you are for corruption!
December 4th, 2008 at 10:18 am
yo deagla think about it… you believe in satan… so why would u not believe in god and his teachings? i’m not a bible thumper its just a thought i have… i mean the elite know for sure right… and they’re all about satan and s--- so that makes u believe he exists so perhaps god and all his stories exist too
December 4th, 2008 at 12:05 pm
“start out as a virtual compensation system,” electronic money so they can cut you off when ever they want.
December 5th, 2008 at 11:24 pm
Sorry guys, but Chavez is cool. Ever notice how his ideologies are never publicised or focussed on? Why is that? Maybe if his logic and reason permeated too far, you might get independent thought. How would a bunch of small, independent countries defend themselves against a common evil, one with greater power and resources than them all combined? By preventing their infiltration through solidarity. That, my friends, is the only way we can defeat this bulls--- NWO. Encourage free information exchange and independent, critical thought. Question exerything! Research the sources! The truth will unite those with the values of equality and humanitarianism.
March 23rd, 2009 at 11:08 pm
The best decision I’ve seen so far from a country, pushing away the USD.
Global money may be a good thing IF there is no Feds controlling it, but the NWO is the control of money, food, oil and people so blood will be spilled.
What the hell are we doing here?
Aliens, take me away from human greed.