$840M in gold bars prepared for loading onto Russian jet at Venezuelan airport

[Rogue Valley]

$840M in gold bars prepared for loading onto Russian jet at Venezuelan airport

Russian Nordwind plane at the Simon Bolivar International Airport in Caracas.

1/29/19
About 20 tons of gold from Venezuela's central bank was ready to be hauled away Tuesday on a Russian airline's Boeing 777 that landed in Caracas a day earlier, a Venezuelan lawmaker wrote on Twitter. The destination of the $840 million in gold bars was unknown, but a source told Bloomberg News that it represented about 20 percent of the country's holding of the metal. The gold was set aside for loading, the report said. The news outlet, which first reported on the tweet, identified the lawmaker as Jose Guerra. The lawmaker did not provide evidence for his claim but is identified in the report as a former economist at the country's central bank with close ties to workers still there. Noticias Venezuela, a news outlet in the country, posted a photo of what it identified as a Nordwind Airlines plane from Moscow that made the trip with only a crew aboard.

A plane belonging to a Moscow-based company was reportedly seen Monday heading to an international airport near Caracas, according to flight tracking records. Reuters reported that there had been speculation about the jet that was “parked by a private corner of the airport.” And Reuters reported that it was the first time the plane made the trip. Russia, one of President Nicolas Maduro's staunchest supporters, is reportedly owed billions by the Latin American nation. Russia has said it expects Venezuela to have problems repaying debt ahead of an upcoming payment on a Russian loan. Venezuela is treading in the uncharted political waters after opposition leader Juan Guaido declared himself interim head of state last week in a direct challenge to Maduro’s reign. The 35-year-old head of the opposition-led national assembly has the backing of more than a dozen mostly western nations including the United States, Canada and several members of the European Union.

Two probable scenarios. 1) Russia is simply taking the money owed by the Maduro government for loans. 2) With US intervention possible, Maduro and his loyal generals are beginning to loot the Venezuelan treasury ahead of regime change.

Related: Did a Russian Plane Take Off With Venezuela’s Gold?

Is Venezuela's 20-Ton Pile of Gold About to Head to Dubai?

 

[longview]

$840M in gold bars prepared for loading onto Russian jet at Venezuelan airport

Russian Nordwind plane at the Simon Bolivar International Airport in Caracas.



Two probable scenarios. 1) Russia is simply taking the money owed by the Maduro government for loans. 2) With US intervention possible, Maduro and his loyal generals are beginning to loot the Venezuelan treasury ahead of regime change.

Related: Did a Russian Plane Take Off With Venezuela’s Gold?

Is Venezuela's 20-Ton Pile of Gold About to Head to Dubai?

People talk about golden parachutes, but those thing don't weave themselves!!

 

[Mycroft]

$840M in gold bars prepared for loading onto Russian jet at Venezuelan airport

Russian Nordwind plane at the Simon Bolivar International Airport in Caracas.



Two probable scenarios. 1) Russia is simply taking the money owed by the Maduro government for loans. 2) With US intervention possible, Maduro and his loyal generals are beginning to loot the Venezuelan treasury ahead of regime change.

Related: Did a Russian Plane Take Off With Venezuela’s Gold?

Is Venezuela's 20-Ton Pile of Gold About to Head to Dubai?

Just wait till China does their thing. They have much more invested in Maduro than Russia does.

Things are going to get much worse for the people of Venezuela before they get better.

 

[Evilroddy]

Gold for Euros swaps with unnamed financiers in the UAE. Maduro is trying to keep the economy he has mismanaged afloat using Euros but the US is threatening any financial institutions and air carriers that transport gold for Venezuela with sanction. Thus the Russian planes. The sale was initially to be partially funded by Venezuelan gold reserves in the Bank of England (BoE) but since the BoE has refused to honour the Venezuelan Central Bank's requests to release the Venezuelan gold, gold reserves from Caracas are needed for the Euro swap.

https://www.reuters.com/article/us-...ank-gold-reserves-to-uae-source-idUSKCN1PP2QR

Cheers.
Evilroddy.

 

[Rogue Valley]

Gold for Euros swaps with unnamed financiers in the UAE. Maduro is trying to keep the economy he has mismanaged afloat using Euros but the US is threatening any financial institutions and air carriers that transport gold for Venezuela with sanction. Thus the Russian planes. The sale was initially to be partially funded by Venezuelan gold reserves in the Bank of England (BoE) but since the BoE has refused to honour the Venezuelan Central Bank's requests to release the Venezuelan gold, gold reserves from Caracas are needed for the Euro swap.

Cheers.
Evilroddy.

It's far too late to save the Venezuelan economy, and I don't believe Maduro even gives a rat's ass. Maduro and his corrupt Generals have theirs all tucked away.

 

[Litwin]

$840M in gold bars prepared for loading onto Russian jet at Venezuelan airport

Russian Nordwind plane at the Simon Bolivar International Airport in Caracas.



Two probable scenarios. 1) Russia is simply taking the money owed by the Maduro government for loans. 2) With US intervention possible, Maduro and his loyal generals are beginning to loot the Venezuelan treasury ahead of regime change.

Related: Did a Russian Plane Take Off With Venezuela’s Gold?

Is Venezuela's 20-Ton Pile of Gold About to Head to Dubai?

gold is ozero´s real God

 

[Napoleon]

People talk about golden parachutes, but those thing don't weave themselves!!

:lol:

 

[Litwin]

It's far too late to save the Venezuelan economy, and I don't believe Maduro even gives a rat's ass. Maduro and his corrupt Generals have theirs all tucked away.

EU_USA introduced sanctions on V. oil, its economy is dead , they same goes to Muscovite economy

 

[Idiometer]

$840M in gold bars prepared for loading onto Russian jet at Venezuelan airport

Russian Nordwind plane at the Simon Bolivar International Airport in Caracas.



Two probable scenarios. 1) Russia is simply taking the money owed by the Maduro government for loans. 2) With US intervention possible, Maduro and his loyal generals are beginning to loot the Venezuelan treasury ahead of regime change.

Related: Did a Russian Plane Take Off With Venezuela’s Gold?

Is Venezuela's 20-Ton Pile of Gold About to Head to Dubai?

Likely a bit of both.

 

[Xelor]

Shipping almost a billion dollars worth of gold out of the country isn't a "good look" for country facing Ven's current calamities.

 

[PeteEU]

Well since the UK stole the Venezuela gold in London, then they don't have any other choice.

Sent from my Honor 8X using Tapatalk

 

[Fledermaus]

People talk about golden parachutes, but those thing don't weave themselves!!

Post of the week.

 

[Fledermaus]

Well since the UK stole the Venezuela gold in London, then they don't have any other choice.

Sent from my Honor 8X using Tapatalk

It isn't stolen.

It is waiting for someone other than Maduro to ask for it.

 

[PeteEU]

It isn't stolen.

It is waiting for someone other than Maduro to ask for it.

It is stolen. They wanted to use the gold in October / November..before Gaudio and his illegal (but welcome) coup. Now it is officially confiscated.

The UK is putting the world trade in gold between nation states in jeapordy. How can anyone trust the UK with anything of they break their longstanding contracts like this?

While I support getting rid of Maduro in principle, this back door illegal coup is only setting up the west for something similar by the Russians or Chinese against one of our weak allies.

Sent from my Honor 8X using Tapatalk

 

[Fledermaus]

It is stolen. They wanted to use the gold in October / November..before Gaudio and his illegal (but welcome) coup. Now it is officially confiscated.

The UK is putting the world trade in gold between nation states in jeapordy. How can anyone trust the UK with anything of they break their longstanding contracts like this?

While I support getting rid of Maduro in principle, this back door illegal coup is only setting up the west for something similar by the Russians or Chinese against one of our weak allies.

Sent from my Honor 8X using Tapatalk

You keep saying "illegal" and "coup"....

Are you referring to the CONSTITUTIONAL act of assigning an interim president?

 

[Lafayette]

Things are going to get much worse for the people of Venezuela before they get better.

With Maduro gone how can that happen? They are in the pits already.

The oil will still be there, they can't steal that.

The country will survive and the next time an ex-busdriver is up for the presidency maybe the Venezuelans might know better ... ?

 

[Lafayette]

It is stolen. They wanted to use the gold in October / November..before Gaudio and his illegal (but welcome) coup.

What illegal coup did Gaudio pull off, pray tell.

The election of Maduro was a complete fraud ...

 

[Fledermaus]

What illegal coup did Gaudio pull off, pray tell.

The election of Maduro was a complete fraud ...

And he illegally canceled a recall.

 

[Mycroft]

With Maduro gone how can that happen? They are in the pits already.

The oil will still be there, they can't steal that.

The country will survive and the next time an ex-busdriver is up for the presidency maybe the Venezuelans might know better ... ?

Maduro isn't gone.

 

[PeteEU]

What illegal coup did Gaudio pull off, pray tell.

The conditions for him to take over according to the constitution of said nation were and are not met.

The election of Maduro was a complete fraud ...

The 2018 most likely.. before that.. nope.

 

[PeteEU]

You keep saying "illegal" and "coup"....

Are you referring to the CONSTITUTIONAL act of assigning an interim president?

Where in the constitution does it say that Gaudio could do what he has done? This one?

Article 233: The President of the Republic* shall become permanently unavailable to serve by reason of any of the following events: death; resignation; removal from office by decision of the Supreme Tribunal of Justice; permanent physical or mental disability certified by a medical board designated by the Supreme Tribunal of Justice with the approval of the National Assembly; abandonment of his position, duly declared by the National Assembly; and recall by popular vote. When an elected President* becomes permanently unavailable to serve prior to his inauguration, a new election by universal suffrage and direct ballot shall be held within 30 consecutive days. Pending election and inauguration of the new President*, the President* of the National Assembly shall take charge of the Presidency of the Republic. When the President* of the Republic becomes permanently unavailable to serve during the first four years of this constitutional term of office, a new election by universal suffrage and direct ballot shall be held within 30 consecutive days. Pending election and inauguration of the new President*, the Executive Vice-President* shall take charge of the Presidency of the Republic. In the cases describes above, the new President* shall complete the current constitutional term of office. If the President becomes permanently unavailable to serve during the last two years of his constitutional term of office, the Executive Vice-President* shall take over the Presidency of the Republic until such term is completed.

Or where? University of Minnesota Human Rights Library

 

[Fledermaus]

Where in the constitution does it say that Gaudio could do what he has done? This one?



Or where? University of Minnesota Human Rights Library

In the article you have posted.

 

[Evilroddy]

Madura didn't ask to have the Venezuelan gold transferred out of the Bank of England (BoE). The Central Bank of Venezuela did and it is a separate part of the government from Maduro. It is the rightful owner of that gold and the BoE has no right to deny the Venezuelan Central Bank's request to withdraw it. The gold was not destined for Mr. Maduro but for financiers in the UAE as it was to be used in a gold for Euros swap to keep the Venezuelan government solvent and to buy much needed supplies from Venezuela for its people and its economy. Thanks to the forethought of Hugo Chavez Venezuela repatriated most of its gold reserves back to Venezuela in 2011. Chavez openly described the worry that banks and central banks might try to rob the Venezuelan Republic under pressure from the USA. He was clearly right in that regard. Maduro, being a much dimmer bulb, reversed that wise bit of caution and allowed some nearly $ 17 billion in gold to be placed in the BoE. There are still about $ 134 Bn in gold in Caracas. Some of that is being sent to the UAE in lieu of the gold trapped in the BoE.

I hope there is a run on the BoE by foreign states withdrawing gold and other deposits from that now clearly partisan Central Bank. Mark Carney may be a fellow Canadian but as the Governor of the BoE he may have made one of the biggest financial mistakes in the BoE's long history.

Cheers.
Evilroddy.

 

[Rogue Valley]

A Russian plane loaded with $840 million in gold bars from the Central Bank of a nation that is economically broken and being looted by a corrupt regime..... should raise some eyebrows.

Especially considering that Russian mercenaries (Wagner Group) are protecting the regime that is looting the nation.

I'm half expecting Maduro to "do a Yanukovych" and fly off to Russia with millions pilfered from the state treasury. Russia does not extradite either domestic or foreign criminals.

 

[Westphalian]

Madura didn't ask to have the Venezuelan gold transferred out of the Bank of England (BoE). The Central Bank of Venezuela did and it is a separate part of the government from Maduro. It is the rightful owner of that gold and the BoE has no right to deny the Venezuelan Central Bank's request to withdraw it. The gold was not destined for Mr. Maduro but for financiers in the UAE as it was to be used in a gold for Euros swap to keep the Venezuelan government solvent and to buy much needed supplies from Venezuela for its people and its economy. Thanks to the forethought of Hugo Chavez Venezuela repatriated most of its gold reserves back to Venezuela in 2011. Chavez openly described the worry that banks and central banks might try to rob the Venezuelan Republic under pressure from the USA. He was clearly right in that regard. Maduro, being a much dimmer bulb, reversed that wise bit of caution and allowed some nearly $ 17 billion in gold to be placed in the BoE. There are still about $ 134 Bn in gold in Caracas. Some of that is being sent to the UAE in lieu of the gold trapped in the BoE.

I hope there is a run on the BoE by foreign states withdrawing gold and other deposits from that now clearly partisan Central Bank. Mark Carney may be a fellow Canadian but as the Governor of the BoE he may have made one of the biggest financial mistakes in the BoE's long history.

Cheers.
Evilroddy.

Great post.

The integrity of the BoE has been shredded by this action. It's become increasingly clear over recent years that the UK is a political satellite state of the US, and no sane government should place any assets in the UK financial system. London, like Ottawa (think Huawei), takes huge pleasure in enforcing US law and edicts in its own territory.

Carney of course has also not covered himself in glory by his various comments on Brexit, both pre-refrendum and since when BoE forecasts of 'emergency budgets' and low growth have proven to be humiliatingly wrong.