Chavez: Castro Predicted Fall of the Dollar
And NO, I'm not referring to Jason Castro on American Idol.
Its a sad day when Fidel Castro, who has his own failing economy, is pointing out the weaknesses in ours. Hugo Chavez says that Fidel Castro predicted the fall of the dollar because the dollar isn't backed by anything. Honestly, I don't know that much about this topic (which probably means I know more than 80% of the population), but it seems like it has become a big issue since Ron Paul decided to run. I never heard anyone talking about the dollar being backed by anything before he decided to run and make that a big issue. Now people are starting to talk about it.
Chavez, being the schmuck he is, is now saying that he thinks Venezuela is going to have to prepare to receive Americans as immigrants.
Chavez: Castro predicted fall of dollar Thu Apr 10, 10:54 PM ET
Venezuelan President Hugo Chavez said Thursday that his close friend Fidel Castro predicted the fall of the U.S. dollar. Chavez said Cuba's 81-year-old former president mentioned the prediction some time ago before signs of a weakening dollar had begun to appear.
"Fidel told me one day, 'Chavez, it won't be long before the crisis of the dollar occurs,'" the Venezuelan leader said in a televised speech.
Chavez said Castro handed him a document he had written during one of their meetings in Havana that said "the United States has bought half the world with paper bills that don't have real backing. ... The world can't sustain that bubble."
"There it is, the crisis of the dollar," Chavez said.
Chavez called the United States' economic woes a "terrible economic crisis," noted that some Americans are losing their jobs and suggested that much worse is to come.
"I think if things continue on like this in the United States, we'll have to start preparing to receive the refugees here," Chavez said.
The U.S. remains the leading buyer of Venezuelan oil, but Chavez is seeking to rally opposition to Washington's stances, from free-market economic policies to the war in Iraq.
His opponents accuse him of using his perpetual conflict with the U.S. to stir up nationalistic sentiment and draw away attention from domestic problems including rampant crime, soaring inflation and sporadic shortages of some basic foods.
Copyright © 2008 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.
Its a sad day when Fidel Castro, who has his own failing economy, is pointing out the weaknesses in ours. Hugo Chavez says that Fidel Castro predicted the fall of the dollar because the dollar isn't backed by anything. Honestly, I don't know that much about this topic (which probably means I know more than 80% of the population), but it seems like it has become a big issue since Ron Paul decided to run. I never heard anyone talking about the dollar being backed by anything before he decided to run and make that a big issue. Now people are starting to talk about it.
Chavez, being the schmuck he is, is now saying that he thinks Venezuela is going to have to prepare to receive Americans as immigrants.
Chavez: Castro predicted fall of dollar Thu Apr 10, 10:54 PM ET
Venezuelan President Hugo Chavez said Thursday that his close friend Fidel Castro predicted the fall of the U.S. dollar. Chavez said Cuba's 81-year-old former president mentioned the prediction some time ago before signs of a weakening dollar had begun to appear.
"Fidel told me one day, 'Chavez, it won't be long before the crisis of the dollar occurs,'" the Venezuelan leader said in a televised speech.
Chavez said Castro handed him a document he had written during one of their meetings in Havana that said "the United States has bought half the world with paper bills that don't have real backing. ... The world can't sustain that bubble."
"There it is, the crisis of the dollar," Chavez said.
Chavez called the United States' economic woes a "terrible economic crisis," noted that some Americans are losing their jobs and suggested that much worse is to come.
"I think if things continue on like this in the United States, we'll have to start preparing to receive the refugees here," Chavez said.
The U.S. remains the leading buyer of Venezuelan oil, but Chavez is seeking to rally opposition to Washington's stances, from free-market economic policies to the war in Iraq.
His opponents accuse him of using his perpetual conflict with the U.S. to stir up nationalistic sentiment and draw away attention from domestic problems including rampant crime, soaring inflation and sporadic shortages of some basic foods.
Copyright © 2008 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.