The United States is hoping to stave off a general collapse of the currency system, writes Barry Sheppard. This threat gives the capitalist class extortion power to insist that the government bail out the big banks.
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Venezuelan President Hugo Chavez said that his government would nationalise the exploration and exploitation of gold and related activities, AVN said on August 17. Chavez said: "I will soon propose an enabling law so as to begin taking control of the gold area and I expect you to support me, because anarchy rules in this zone, there are mafias, smuggling. "This is a great wealth, one of the world’s largest. There is plenty of gold, precious stones, diamonds, bauxite and iron in Guyana.