>Latin America File: Chavez loses referendum on constitutional reform, threatens to cut oil sales to USA, army deployed to protect refineries

>The neo-communist dictator of Venezuela Hugo Chavez has suffered a temporary setback when on December 2 51% of that country’s voting electorate wisely rejected a referendum that would have ended presidential term limits, facilitated government censorship of the media, implemented direct presidential control over foreign currency reserves, reduced the workday to six hours and expanded social security benefits. Chavez’s interest in wresting control over his country’s foreign currency reserves away from the Central Bank of Venezuela is troubling in view of the Communist Bloc’s long-established intention in destroying the US dollar and economy. In September we blogged:

Clearly fearing the collapse of the US dollar, Bloomberg.com reports, Chavez has instructed state-run Petroleos de Venezuela SA to reduce risk by converting its investment accounts from dollars to euros and Asian currencies. “The decision may help weaken the dollar as the Federal Reserve prepares to lower interest rates this week,” confirmed Philip Wee, an economist at DBS Bank Ltd. in Singapore.

The first article below holds out the promise of future conflict between those who support and those who oppose the Bolivarian Revolution: “Despite the defeat, Chavez said the reform proposals remained ‘alive,’ suggesting he might try to push them through at a later stage.” Pictured above: Chavez gets out the “Si” (“Yes”) vote on November 30, 2007.

Chavez loses referendum on changing constitution
03/12 14:48 CET

Venezuela’s president Hugo Chavez has suffered his first electoral defeat since coming to power nine years ago.

Voters rejected a referendum package which would have scrapped term limits and let the government censor media.

In a fiercely contested ballot, the “No” camp won with about 51 per cent of the vote.

Chavez conceded defeat, telling his rivals: “I didn’t give you this victory, but it is yours.” He added that it would not make any change to his socialist project.

“Now I’m going to sleep soundly for a few hours,” he said, adding a word of warning to those who would be celebrating to not let the result go to their heads.

Celebrations erupted throughout Caracas with opposition activists cheering, honking horns and waving flags. Many said Venezuela had narrowly escaped the imposition of authoritarian rule.

“We must admit that a part of the Venezuelan society has supported the president,” said opposition leader Raul Baduel, a former Chavez ally, “but today they have also made it clear that there’s place for disidence in unity.”

Despite the defeat, Chavez said the reform proposals remained “alive,” suggesting he might try to push them through at a later stage.

Source: EuroNews.com

Last week Chavez warned that Venezuela would halt oil sales to the USA if the Bush Admin interfered with the referendum. In all likelihood Comrade Hugo will not hesitate to use this “cudgel” against Washington again.

Venezuela threatens to cut oil exports to U.S
Fri Nov 30, 2007 6:30pm EST

CARACAS (Reuters) – Venezuela’s leftist President Hugo Chavez said on Friday he will cut oil sales to the United States if the American government interferes in Sunday’s referendum aimed at allowing him to run for reelection indefinitely.

Chavez told supports at a rally that the state oil company will halt sales to the United States on Monday if Washington interferes with the vote on the proposed constitutional reform.

The Venezuelan leader and Cuba ally also said he had ordered the military to protect oil fields and refineries in case of political violence.

The reform would also give him direct control over foreign currency reserves while reducing the workday to six hours and expanding social security benefits for informal workers like street vendors.

Source: Reuters.com

One response to “>Latin America File: Chavez loses referendum on constitutional reform, threatens to cut oil sales to USA, army deployed to protect refineries

  1. mah29001 December 4, 2007 at 4:04 pm

    >After Chavez lost his so-called constitutional reforms, Western Leftists are still supporting this guy. Even though he’s aligned with so-called Islamist terror groups such as the PLO-affiliated Islamic Jihad movement.

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