Taking On Issues - Political Issues and Government Policies

A Hot Discussion Forum on Government Policies and Political Issues

  • Facebook
  • RSS
  • Twitter
  • Election 2016
  • Big Government
  • Healthcare
  • The Other Side
  • What’s New
  • Your Freedom

Venezuelan officials in London to collect 16 tons of gold from the Bank of England

December 7, 2018 By Takingonissues

Venezuela sent officials to London in an attempt to repatriate more than 16 tons of gold worth more than $500 million which had been deposited at the Bank of England. From Reuters:

The government of President Nicolas Maduro is seeking to bring 14 tonnes of gold back to Venezuela because of fears it could be caught up in international sanctions on the country, sources told Reuters this month.

The gold is a crucial asset for the struggling OPEC nation, where hyperinflation is expected to reach 1 million percent this year and a broad economic collapse has fueled an exodus of some 3 million people since 2015.

Maduro’s critics, including exiled opposition leader Julio Borges, have argued that the gold should not be repatriated because it could be used to finance corruption.

Last month, President Trump instituted new sanctions preventing U.S. citizens from dealing with

Back when the crisis in Venezuela was still in its early stages, some supporters of the socialist regime said Venezuela would manage its problems in part because it had a large reserve of $36 billion in gold. But hyperinflation and the degradation of the country’s oil company has forced the country to sell off a lot of that reserve. This year alone, Venezuela has sold off nearly a billion dollars worth of gold.

The post Venezuelan officials in London to collect 16 tons of gold from the Bank of England appeared first on Hot Air.

Related Posts Plugin for WordPress, Blogger...
Email, RSS Follow

Related

Subscribe to Taking on Issues

Enter your email address to subscribe to our site and receive notifications of new posts by email.

RSS Political News

  • Graham calls McCabe comments 'beyond stunning' as he threatens to subpoena former FBI chief February 17, 2019
  • Military Vows to Fix Dangerous Housing Conditions After Reuters' Expose February 17, 2019
  • New York City's de Blasio blames Amazon for caving on deal for new headquarters in city February 17, 2019
  • California AG Becerra plans to sue Trump administration over national emergency declaration February 17, 2019
  • Kansas Bills Call Gay Marriage a 'Parody' Copied From Activist Who Sued to Wed Laptop February 17, 2019
  • 'Couple hundred miles' of border wall done by 2020; Trump will 'defend' emergency declaration, adviser Miller says February 17, 2019
  • Payless is Closing all its 2,100 US Stores February 17, 2019
  • America's Real National Emergency: Mass Shootings February 17, 2019
  • Democrats reject push to alert ICE when illegal immigrants fail firearm background checks February 17, 2019

Archives

New Featured Articles

  • Deputy shoots news photographer — who pleads to protect deputy’s job
    September 5, 2017

    Andy Grimm might have little sway over the fate of Deputy Jake Shaw, but the news photographer shot by accident still wants to have his say about it. Grimm wanted to get some stills of a lightning storm in New Carlisle, Ohio, when he saw a deputy conduct a traffic stop on the street. Grimm […]

    Email, RSS Follow
    […]
  • Poll: Recent Nike customers view Kaepernick positively by two-to-one margin
    September 5, 2018
    What if — and stay with me here — […]
  • 7 Questions for Mohammed bin Salman
    April 4, 2018
    Prince Mohammed bin Salman, from ‘Saudi Strike […]
  • Is this finally the end for Julian Assange?
    July 22, 2018
    This story has been in the making since 2012, but […]
  • CPAC Welcomes Pederasty Advocate
    February 20, 2017
    It was announced this weekend that Milo Yiannopoulos […]
  • Bartleby The Bigot
    November 9, 2018
    To the surprise of exactly no one who pays attention […]
  • Republicans have abandoned prudence and reason
    February 14, 2018
    Last week, Republican congressweasels abandoned once […]
  • European Union Parliament moves to censor “offensive speech”
    February 27, 2017
    posted at 8:01 am on February 27, 2017 by Jazz Shaw […]
  • Today’s hot topics: REXIT!, Spoxit, PA-18, no Shulkzit, and much more!
    March 13, 2018
    Today on The Ed Morrissey Show (4 pm ET), we have […]
  • The French Left goes even further left in next stage of primary elections
    January 31, 2017
    posted at 12:01 pm on January 31, 2017 by Jazz Shaw […]
  • Stone: I’ll sue Twitter for the right to insult Don Lemon, or something
    October 30, 2017
    What happens when a free speech claim meets a private […]
  • Report: Michael Cohen wants three years in prison, feds are pushing for 50 months
    August 21, 2018
    He’ll be in federal court in Manhattan to offer […]
  • Spicer to press: Trump wants your help in donating his salary to charity
    March 13, 2017
    posted at 4:31 pm on March 13, 2017 by Ed Morrissey […]
  • The wolves are trying to pick Rex Tillerson off from the herd
    August 31, 2017
    Having thus far failed to undo the results of the 2016 […]
  • Menendez resurrected? Not so fast
    November 17, 2017
    Yesterday, Robert Menendez declared his political […]
Copyright © 2019 TakingOnIssues.com

Contact Us | Terms of Use | Privacy Policy | Advertise | About Us