Venezuela, Nazi Gold and BIS Account No.17

As for Venezuela's gold, the socialist governments of first Chavez and now Maduro have made a run of terrible decisions... pulling it home from London to try and avoid sanctions in 2011...only to ship much of it back as collateral for a cash loan from commercial banks...struggling to meet the repayment schedule of what looked a bad deal...and then raising other, more short-term cash, from yet worse gold-loan deals again. Where the Bank of England blinked at Czechoslovakia's plight in 1939, the people of Venezuela might one day be grateful if it is indeed refusing to accept Maduro's instructions today. Because whatever you make of Trump's ambassador to the UN, " Something is very wrong when citizens of an oil-rich country have to leave in order to beg on Colombian streets to feed their children," as Nikki Haley said last week. "That something is the corruption of the Maduro regime." More…