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From an AVN story about a meeting Hugo Chávez held yesterday with the Chinese: “Chávez … explained that Chinese banks give out loans to Venezuela and, in exchange,...
Economy
Please, Take my Oil Company
The Venezuelan government is now facing over $40 billion in arbitration claims relating to 19 cases at ICSID, the World Bank’s arbitration panel. (A few of those claims...
Why Fonden accounting is never going to add up...
Deep in his comment section, the Satanic Bowel Movement turns up the smoking gun in the case for thinking Fonden’s books will never ever make sense to an...
Good News, Everyone!
Venezuela hosts one of the world’s largest gold mines, and we know it’s going to be developed now because the concession is in the capable hands of: Dot...
Where does Fonden money go?
So now that we have those Fonden disclosure documents, it’s time to jump into the minutiae. Of course, we only have detailed 5-year disclosures for $40 billion out...
Fonden isn't just "Big", it's this big.
Perhaps the most important aspect of The Fonden Papers doesn’t have to do with the $29 billion tabulation screw-up. Indeed, innocent explanations might account for that. Perhaps the...
How exactly do you misplace $29,342,391,393.66?
This isn’t a massive, government-shaking scandal. But it should be. That’s right, it’s the full, scanned version of the Fonden report we promised you two weeks ago: the...
Illegal Mining Outlawed
MINCI’s propaganda pitch on the virtues of expropriating the Gold mining sector pushes the boundries of revolutionary non-sequitur. Consistently recasting mining practices that are – and always have...
Ramírez hits the big time
This profile of Rafael Ramírez and PDVSA in The Guardian is pretty interesting. When was the last time you read a glowing portrait of a chavista minister in...
The Ruskies better get in line (UPDATED)
So, now that President Chávez has pledged to nationalize the Gold Mining industry, what’s going to happen to Rusoro? You know Rusoro: it’s the politically-connected Russian mining company that had...
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