TV News LIES

Monday, May 02nd

Last update05:20:13 AM GMT

You are here News International Venezuela Announces “Irrevocable” Withdrawal from World Bank’s Arbitration Body

Venezuela Announces “Irrevocable” Withdrawal from World Bank’s Arbitration Body

E-mail Print PDF

According to an official statement released by Venezuela’s Foreign Ministry on Wednesday this week, the move has been taken on the grounds of defending national sovereignty and “to protect the right of the Venezuelan people to decide the strategic orientation of the social and economic life of the nation”.

On 8 January, Venezuelan President Hugo Chavez first announced the intention to leave the ICSID and his government’s refusal to accept the body’s decisions. The comments followed US oil giant Exxon Mobil’s move to bring a case to the body seeking more compensation from Venezuela’s nationalisation of its operations in the Orinoco Oil Belt in 2007.

TVNL Comment: This is why Chavez is being touted as a bad guy. The world bank comes in to nations, forced loans on them that are impossible to pay back. And the money ends up with American companies, usually to build things like nuclear power plants or huge infrastructure projects. Of course American companies make the money and the people of the poor nations are left with loans so large that they can never finish paying them off...you know that interest piles up. If the nation does not accept the offer of the loans...the leader ends up dead. Look up "Confessions of an Economic Hitman" to learn how this is done.

More...


Most Recent Related Stories...


First US cruise ship docks in Cuba

US cruise ship docks in CubaA U.S. cruise ship docked in Havana on Monday for the first time since relations with...

Puerto Rico Will Default on Government Development Bank Debt

Governor of Puerto RicoPuerto Rico's governor will make a televised speech on Sunday ahead of an expected default on...

Pope condemns pedophilia as details of girl's death shock Italy

Pope condemns pedophiliaPope Francis called for "severe punishment" for pedophiles on Sunday after new details emerged in Italy...

10 Indonesian hostages in Philippines released by Abu Sayyaf terror group

Indonesian hostages releasedTen Indonesian hostages held since March by the Islamist extremist group Abu Sayyaf in the Philippines...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!