Chavez calls for the end of the United States.

by Luiz Castro | September 28, 2008 at 12:23 pm | 328 views | 12 comments | 15 recommendations

Misery, Propaganda and Populism - Chavez Reciepe for a Long Presidency

Chavez calls for the end of the US and a new country to raise on its place.

Venezuela's leftist President Hugo Chavez said on Saturday it was the capitalist system that had caused the financial crisis in the United States and the country should come up with a new constitution.

Speaking to reporters in Lisbon on the last leg of a tour that included visits to China and Russia, he said: "I think the United States should start a constituent process to create a constituent assembly, a new truly democratic model."

A constituent assembly is a body elected to draft and sometimes adopt a new constitution.

"It was capitalism that caused the ruin" in the United States, said Chavez, who is one of Washington's fiercest critics, calling the financial crunch "the worst financial crisis in history".

"Let the U.S. empire end and let a great nation and great republic rise from the ruin ... It's time to shout 'Liberty!' again in the United States," Chavez said, calling for a new government to be free of the "dictatorship of the elite" such as big banks and corporations.

Critics accuse Chavez of running an authoritarian, Cuban-style regime in oil-rich Venezuela.

Lula da Silva from Brazil also has an opinion:

Brazilian President Luiz Inacio Lula da Silva blamed the United States for the global financial crisis and said its financial bailout plan was unfair to poor people.

U.S. lawmakers on Sunday were set to sign off on a deal to create a $700 billion government fund to buy bad debt from ailing banks in a bid to stem a credit crisis threatening the global economy.

"They want to help the banks and not help the poor," Lula said late on Saturday in Sao Paulo during a campaign rally ahead of Oct. 5 municipal elections.

"Why give $700 billion to the banks and no money to the poor guys who lost their houses," Lula asked, according to local media. He referred to the troubled U.S. housing market.

The former factory worker, who obtained record approval ratings this month, said the United States had the primary responsibility to fix a crisis with global repercussions that it had caused.

"I'm not at fault if they turned their economy into a casino," Lula said in reference to accusations that lax U.S. financial regulations worsened the crisis.

Brazil was in a better position to withstand the crisis than it was years ago, the former union leader said.

"I don't want to say we're at ease but ... today we depend less on the United States for our exports," Lula said.

But Lula has forgotten that to have a solid financial system, that he is enjoying today, Brazil had to save banks from a financial crises few years before he came to the office:

Proer was created by Fernando Henrique Cardozo, former Brazilian president, to save Brazilian banks from fail. A very similar program created now in U.S. Nowadays Brazil has a solid financial system.

See what was published at 05-AUG-02:

BRAZIL: BRAZILIAN BANKS WILL BEGIN REPAYMENTS OF PROER'S AID IN SEPTEMBER.

The National Financial System in Brazil will get an additional injection of funds beginning in September when they will receive the repayments of financial aid through the beginning of the Restructuring and Strengthening of the National Financial System Program (Proer). Proer provide aid totaling R$18.7 billion (US$5.8 billion) to 8 privately-owned banks which will make payments of approximately R$200 million (US$62.3 million) per month. According to Agencia Brasil, Sergio Darcy, a director at the Central Bank, explains that 52% of the payments is earmarked for housing loans.

"It was capitalism that caused the ruin" in the United States, said Chavez

Historian Chavez is getting a little ahead of the story.

Thanks for the GS flag and comments.

Chavez is always ready to speak, no mather what!

If the Dems have their way, unfortunately socialism will rule the US. Check out the Backlash movement in my story

Main Street turns against Wall Street & Politicians Bailout if you want to do something about it.

Is that Caracas?

Hi René

Yes, these are some pictures I made in Caracas last year.

I would argue that that is not so. Democrats are not interested in socialism. Like mos to fus they are just interested in making money. Anything that is done in American government today is done to impress those who will give us more money now by voting for us and also done to impress those companies and industries we hope to work for as lobbyists after we finish padding our resume with our governmental work.

Call me jaded, call me a cynic, but you can't call me a liar.

Luiz Castro, I like this story. It's good stuff.

Sounds like Chavez learned a new song from his new friend: Pres. a-MAD-jihad.

Luiz Castro, I like this story. It's great stuff.

Luiz Castro, Mr. Chavez is the ultimate Teflon Politician. He will never have had a hand in his own mischief. COULD we do better...for certain, but we keep repeating History at the Ballot Box and wondering why the new boss is so like the old one?...BUT-at least the box gets a little workout every now and again.

Thank you Fairbanks, René, Criticom, Rhonda and drrexdexter for commenting and flagging.

Luiz Castro, I like this story. It's good stuff about a true piece of crap leader, Hugo Chavez, who suspended civil rights and freedom in his country.