Chavez says Venezuela wona t recogniz...

Chavez says Venezuela wona t recognize decision of World Bank-affiliated arbitration body

There are 1 comment on the Penticton Herald story from Jan 8, 2012, titled Chavez says Venezuela wona t recognize decision of World Bank-affiliated arbitration body. In it, Penticton Herald reports that:

CARACAS, Venezuela - Venezuelan President Hugo Chavez said Sunday that his government should pull out of a World Bank-affiliated arbitration body and won't recognize its decisions.

Join the discussion below, or Read more at Penticton Herald.

Dwight Baker

Eagle Pass, TX

#1 Jan 9, 2012
The NEW WORLD ORDER was conceived in the mind of
John D. Rockefeller 120 years ago.
By Dwight Baker
[email protected]

Chavez says Venezuela won’t recognize decision of World Bank-affiliated arbitration body

Chavez said Ecuadorean President Rafael Correa "is proposing something that is absolutely necessary, creating an organization in (the regional bloc) Unasur where some differences between governments or businesses in Latin America can be settled."

In the case of Exxon Mobil, Chavez said the company had initially demanded about $12 billion in compensation but will receive much less after the recent arbitration decision. "They’re trying for the impossible, that we pay what we’re never going to pay," Chavez said. He suggested Exxon Mobil could also try to freeze the assets of Venezuela’s U.S.-based oil company, Citgo Petroleum Corp.
"Citgo should be worth around $20 billion at least," Chavez said.

"Well, they’ll see," he added. "The Yankee government will see ... but we aren’t going to yield to imperialism and its tentacles."

In December 2002 the Venezuelan general strike of 2002-2003 saw many of PDVSA's managers and employees (including the CTV trade union federation) lock out workers to pressure Venezuelan president Hugo Chávez to call early elections, and virtually stop oil production for 2 months. The government fired 19,000 employees and reestablished production with employees loyal to the Chávez government.


Rockefellers edicts of HOW TO subject mankind to take from BIG OIL and not put up a fight is still in play today as much as in any time before.

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