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Tuesday, February 09, 2010  / 3:50:43 PM

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Published: Tuesday, June 23, 2009
Bylined to: Chris Herz

Why stay married to the corpse of transnational corporatism and its dying $

VHeadline's Washington DC-based commentarist Chris Herz writes: The most interesting news recently?  Two Japanese (who are not identified) were arrested at the Italian-Swiss border with a suitcase containing an astonishing $134 billions in bearer bonds:  Including no less than ten Kennedy bonds in denominations of US$ one billion each!  It is a crime to take more than US$ ten thousand out of Italy without customs declaration and an explanation of the provenance of the funds. This undoubtedly represents some still unidentified sovereign fund attempting to quietly liquidate some or all of its dollar holdings.  Stay tuned, for we may shortly expect much more of this.

The state of California is now in terminal economic meltdown -- they may even have to release prisoners from their enormous penal system for lack of funds to keep them incarcerated.  Some are beginning to speak of a need to break up the state geographically into more manageable, smaller localities. In my own state of Maryland (adjacent to the national capital) county governments are having to minimize all services other than the sheriffs.

  • My own bank is now charging a premium of Euro .05 above the published exchange rate for conversion of dollar deposits into Euros.

Many of our independent economic analysts say we can expect reality to hit the economic life of the USA with devastating effects with the end of the second quarter.

Meanwhile Venezuela faces the closure of the local General Motors assembly plant for lack of dollars to pay for imports of the kits of parts which this factory requires.  Toyota too, for similar reasons, threatens abandonment of its Venezuelan operation.  These vehicles are not actually manufactured in Venezuela ... only assembled there.

And this is not what the country needs at all.  It is time to seize this plant, nationalize it (after it is closed and thus worthless) and design and build automobiles and lorries suitable for use in Venezuela, at a technical level that makes it possible to manufacture ALL their parts within the country.

This is what this publication and this column advocated in the case of armaments, after the USA managed the cut-off of supplies to the Bolivarian government. This course was taken and has certainly conduced to the security of the Republic.  And in the AK, for instance, we got a better weapon, manufactured by the national forces than those which were no longer available from the empire.

Let's do it again.  There are plenty of good automotive designs which could be purchased by Venezuela and easily manufactured there.  Pick one and go with it.  What about the classic air-cooled Volkswagen for instance, or the Citroen dadeuche?  I understand that before the death threats got so bad that President Chavez drove himself about in the capital in a Volkswagen.

With good ground clearance, economical operation, advanced suspension and air cooling their simplicity, ease of manufacture and other technical features are well suited to Venezuela's needs.

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Patrick J. O'Donoghue
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Editorial:
Editor
Roy S. Carson
News Editor
Patrick J. O'Donoghue
Caracas
(0212) 335-7531
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