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Mutiny Breaks Out At Venezuela’s Central Bank

Mutiny Breaks Out At Venezuela’s Central Bank thumbnail

While the world obsesses how much longer Venezuela’s Nicolas Maduro can remain in power before he loses the support of the local military or the US deploys yet another “humanitarian mission” to depose him, forcing the embattled dictator to place several tons of the country’s dwindling gold on a cargo plane to a non-extradition destination as he takes one final trip abroad, the ongoing “soft coup” is also playing out within the halls of the central bank, where in addition to a lot of currency printing in recent years, Bloomberg reports that staffers are waging a small mutiny and refusing to sign-off on key bank transactions.

The Central Bank of Venezuela stands in Caracas

According to “four people with direct knowledge of the matter”, some central bank employees received “early retirement offers” Friday after disregarding orders from upper management. The mini mutiny took place as staffers fret about potential consequences and repercussions of signing off on financial operations that have been barred by US sanctions, and as discontent bubbles over as Venezuela’s economic and political outlook deteriorates.

As previously reported, attempts by Maduro to repatriate $1.2 billion of gold from the Bank of England and plans to ship 20 tons of the metal abroad for cash have been stymied in the past several weeks, bringing close international scrutiny to Banco Central de Venezuela’s $8.4 billion in reserves due to fears the Maduro regime may try to pillage them next, prompting a freeze on Venezuelan assets held in western banks.

Meanwhile, National Assembly President Juan Guaido – who in recent weeks was declared the legitimate leader of Venezuela by the US and many Western states, if not Russia and China – has called on the military and government workers to abandon Maduro in order to help form a transition government. While few have heeded the call domestically, some diplomats have broken ranks at embassies and consulates in the U.S. and beyond. And now it appears that Maduro may have to staff the central bank with personally vetted supporters as well.

The good news, so to speak, is that with hyperinflation in Venezuela the central bank doesn’t really do much besides, well, print money (metaphorically that is – the actual money printing takes place offshore and the banknotes are shipped in using 747s). As a result, while central bank jobs were once highly sought after by educated Venezuelans with degrees in economics and statistics, rising political tensions and shrinking wages have reduced most teams to bare bones.

Ironically, protests among underpaid workers complaining about increased workloads have become increasingly common. Ironic, because as said above, the central bank no longer does all that much, and no longer publishes most economic data publicly after the executive branch clamped down on transparency amid Venezuela’s worst-ever economic downturn.

zerohedge



126 Comments on "Mutiny Breaks Out At Venezuela’s Central Bank"

  1. Duncan Idaho on Sat, 2nd Feb 2019 10:18 am 

    “Zero Hedge or ZeroHedge[b] is described as a “markets-focused” blog,[4] that presents both in-house analysis, and analysis from investment banks, hedge funds, and other investment writers and analysts. Zero Hedge, per its motto,[a] is bearish in its investment outlook and analysis, often deriving from its adherence to the Austrian School of economics and credit cycles.[5] While often labeled as a financial permabear,[6][7] Zero Hedge is also seen as a source of “cutting-edge news, rumors and gossip about the financial industry”.[8] Zero Hedge expanded into non-financial analysis,[c] where its editorial has been labelled by some as being associated with the “alt-right”,[10][11] as well as being anti-establishment, conspiratorial, and showing a pro-Russian-bias.[10][9] Zero Hedge in-house content is posted under the pseudonym “Tyler Durden”; however, the founder and main editor was identified as Daniel Ivandjiiski.[9]”

  2. I AM THE MOB on Sat, 2nd Feb 2019 11:27 am 

    Duncan

    Zerohedge has zero credibility..People like Davy love it because it makes him feel like a badass..And he can’t resist reactionary click bait..

  3. Cloggie on Sat, 2nd Feb 2019 11:38 am 

    the pseudonym “Tyler Durden”; however, the founder and main editor was identified as Daniel Ivandjiiski.”

    https://en.wikipedia.org/wiki/Daniel_Ivandjiiski

    http://fortune.com/2016/04/29/zero-hedge-unmasked/

  4. Duncan Idaho on Sat, 2nd Feb 2019 11:53 am 

    Zerohedge has zero credibility..

    Its entertainment value is decreasing daily.

  5. Davy on Sat, 2nd Feb 2019 12:10 pm 

    Sure Duncan and why would that be? Oh, as opposed to CNN? Lol

  6. JuanP on Sat, 2nd Feb 2019 12:14 pm 

    What happened is that the US and the UK have stolen Venezuelan wealth from the democratically elected legitimate Venezuelan government as part of the illegal coup instigated by the US government. Let this be a lesson to all the governments of the world, multinational corporations, and wealthy people. Remove your wealth from the USA and its vassals and stop investing in US Dollars and UK Pounds while you still can. I already did. The people who wait will get screwed!

  7. Davy on Sat, 2nd Feb 2019 12:16 pm 

    You do realize ZH is an “amalgamater” of news also. I have found extremist liberals don’t like it nor sinophiles. Cornucopians dont like it. Lol. That right there tells you something. People with emotional agendas whine about it. LMFAO. JuanP is a classic ZH whiner. ZH is a great
    alternative source as is Rice Farmer. Whiners are so lame.

  8. JuanP on Sat, 2nd Feb 2019 12:19 pm 

    ZeroHedge is a joke and people who read it are clowns. Davy is a perfect example! LOL! The board’s official fool!

  9. Uncle Lester on Sat, 2nd Feb 2019 12:22 pm 

    Shut-up DavySkum. You insignificant piece of fetid human garbage. They should feed you to the hogs except the pigs would throw your carcass back.

  10. boney joe on Sat, 2nd Feb 2019 12:26 pm 

    I’m back and first thing I notice after being gone only a few days is DavyTard has been a nasty little boy. Looks like I need to whip his ass into shape.

    The teachers made a huge error in not permanently committing him to a BD rubber room. Imagine the dividends to society if that were the case.

  11. Cloggie on Sat, 2nd Feb 2019 12:35 pm 

    I’m back and first thing I notice after being gone only a few days is DavyTard has been a nasty little boy. Looks like I need to whip his ass into shape.

    The teachers made a huge error in not permanently committing him to a BD rubber room. Imagine the dividends to society if that were the case.

    And what was your opinion about peak oil again?

    (Being in favor of renewable energy will get you a pass, we are very broad-minded here)

  12. dissident on Sat, 2nd Feb 2019 12:36 pm 

    These maggots will be happily handing over the gold to Uncle Scumbag after the coup for “safe keeping”. They should be arrested, tried and shot. If you think that this is far fetched, then you are an idiot.

    The US cleared out all of Ukraine’s gold reserves in 2014. “For safe keeping”. The US even stored all of Germany’s gold reserves and when Germany decided to repatriate them, the US gave an indefinite timeline for their return. How cute.

  13. onlooker on Sat, 2nd Feb 2019 12:38 pm 

    https://transformier.wordpress.com/2017/09/13/only-three-countries-left-without-a-rothschild-central-bank/
    Only 3 countries left without a Rothchild Central bank. And Venezuela is not one of them. So, those working their are faithful to the US Rothchild continued hegemony agenda. So nothing unusual about this mutiny

  14. Cloggie on Sat, 2nd Feb 2019 12:39 pm 

    Donald Trump is using thinly veiled white nationalist rhetoric in one of his famous tweets:

    https://www.vox.com/2019/1/14/18181897/trump-pat-buchanan-column-tweet

    ….Border is eventually going to be militarized and defended or the United States, as we have known it, is going to cease to exist…And Americans will not go gentle into that good night. Patrick Buchanan. The great people of our Country demand proper Border Security NOW!

    — Donald J. Trump (@realDonaldTrump) January 14, 2019

    Just watched a speech by this Jewish gentleman about the possibility of a civil war. In the end he says he doesn’t think so, but…

    https://www.youtube.com/watch?v=ebAQg6YG1nw

    “Jonathan Roth – Civil War Coming to America?”

    Vancouver, July 2018

  15. Davy on Sat, 2nd Feb 2019 12:40 pm 

    LMFAO at pussy JuanP. When he is upset the socks are a flying. It won’t be long and the intellectual nematode will start the identity theft. I am surprised juan has not done any Ebony cock talk.

  16. Cloggie on Sat, 2nd Feb 2019 12:49 pm 

    What Trump did NOT quote from Buchanan:

    https://www.cnsnews.com/commentary/patrick-j-buchanan/patrick-buchanan-memo-trump-declare-emergency

    The more multiracial, multiethnic, multicultural, multilingual America becomes — the less it looks like Ronald Reagan’s America — the more dependably Democratic it will become.

    The Democratic Party is hostile to white men, because the smaller the share of the U.S. population that white men become, the sooner that Democrats inherit the national estate.

    The only way to greater “diversity,” the golden calf of the Democratic Party, is to increase the number of women, African-Americans, Asians and Hispanics, and thereby reduce the number of white men.

    In 1999 Trump said about Buchanan:

    “Look, he’s a Hitler lover,” Trump said on Meet the Press in 1999. “I guess he’s an anti-Semite. He doesn’t like the blacks. He doesn’t like the gays. It’s just incredible that anybody could embrace this guy.”

    My nothingness was libtard as well in 1999 and I could have said the same things. A few years later I read Buchanan myself… after being confronted by a shocking reality of the great Town Hall of The Hague: me alone in a sea of head scarfs.

  17. Father Sullivan on Sat, 2nd Feb 2019 1:13 pm 

    Davy

    Thou shalt not bear false witness against thy neighbour.

  18. JuanP puppeteering on Sat, 2nd Feb 2019 1:27 pm 

    Juan sock puppets:

    Uncle Lester on Sat, 2nd Feb 2019 12:22 pm
    boney joe on Sat, 2nd Feb 2019 12:26 pm
    Father Sullivan on Sat, 2nd Feb 2019 1:13 pm

    “Shut-up DavySkum. You insignificant piece of fetid human garbage. They should feed you to the hogs except the pigs would throw your carcass back. I’m back and first thing I notice after being gone only a few days is DavyTard has been a nasty little boy. Looks like I need to whip his ass into shape. The teachers made a huge error in not permanently committing him to a BD rubber room. Imagine the dividends to society if that were the case. Davy Thou shalt not bear false witness against thy neighbour.”

  19. Davy on Sat, 2nd Feb 2019 1:31 pm 

    jaunp, you are such a low life I can’t even call you a clown. I do like intellectual nematode. LOL. It fits your GED low IQ.

    https://tinyurl.com/y7bmjwoe

  20. Anonymouse on Sat, 2nd Feb 2019 1:34 pm 

    Shut up DAVYMOB, what part of nobody wants you here any longer, do you not unnerstan?

  21. Lunatic Alert! on Sat, 2nd Feb 2019 1:36 pm 

    davy

  22. intellectual nematode Alert! on Sat, 2nd Feb 2019 1:40 pm 

    12:40 pm
    1:31 pm

  23. Davy on Sat, 2nd Feb 2019 1:43 pm 

    I loves me some huge ebony cock in the early afternoon.

  24. Davy on Sat, 2nd Feb 2019 2:02 pm 

    ZH is a GREAT alternative source…..

    “We Are The Meteor… They Are The Dinosaurs…”
    https://tinyurl.com/y96xecm2

    “The dinosaurs that are in control of our nation are old and do not understand any other way of life other than vicious imperialism.”

    “The reality is that most Americans, and I agree with you it’s not right, don’t pay attention to what is actually going on in the world.”

    “They are fighting with everything they have. They have full control over our nation’s mainstream media establishment, and furthermore they have full control over the world’s global financial system and how it operates.”

    “Previous attempts to break this mold, which were led by John F Kennedy, and Martin Luther King, ended in assassination.”

    “The only real hope now lies in the younger generations. They are a little less brainwashed.”

    “The empire will not be able to continue destroying nations when it faces a civil war in it’s main center of power (the US). This time is now fast approaching. I believe it must, and that it will happen.”

  25. bot alert on Sat, 2nd Feb 2019 2:39 pm 

    Anonymouse on Sat, 2nd Feb 2019 1:34 pm

  26. JuanP loves thesaker.is. lol on Sat, 2nd Feb 2019 2:44 pm 

    “We Are The Meteor… They Are The Dinosaurs…”
    http://thesaker.is/we-are-the-meteor-they-are-the-dinosaurs/

    “ZH is a GREAT alternative source…..”

  27. JuanP idenity theft on Sat, 2nd Feb 2019 2:45 pm 

    Davy on Sat, 2nd Feb 2019 1:43 pm
    Davy on Sat, 2nd Feb 2019 2:02 pm

  28. juanP loves ebony cock double lol on Sat, 2nd Feb 2019 2:46 pm 

    and boney joe his live in lover

    I loves me some huge ebony cock in the early afternoon.

  29. intellectual nematode Alert! on Sat, 2nd Feb 2019 2:46 pm 

    Davy on Sat, 2nd Feb 2019 2:39 pm
    Davy on Sat, 2nd Feb 2019 2:45 pm

  30. Thanks clown on Sat, 2nd Feb 2019 2:47 pm 

    thanks juanp for good material for the lunatic award I will post tonight. Keep those socks and identity theft coming. LOVE IT

  31. Davy on Sat, 2nd Feb 2019 3:18 pm 

    “Conflict Is Inevitable”
    https://tinyurl.com/y8mdslqb

    “If you’re anything like me, you’ve been absolutely apoplectic this past week watching the United States orchestrate a coup in Venezuela. It has been truly horrifying to watch these things play out in real time. How bold and brazen these thugs have become! They are doing this right out in the open, they hardly even try to hide it.”

    “The people saw what happened in Iraq, in Libya, in Syria, and now they’re seeing the U.S. imperialists go to work on Venezuela. Each time, with each new intervention, the truth about what is actually going on becomes clearer, and this inevitable conflict gets nearer.”

    “Conflict is rising, and soon it will come to a head. When it finally does come to a head, there will be a great struggle, and great violence will be perpetrated against all those who stand up for peace.”

  32. JuanP article not davy on Sat, 2nd Feb 2019 3:25 pm 

    https://off-guardian.org/2019/02/01/conflict-is-inevitable/

    Davy on Sat, 2nd Feb 2019 3:18 pm

    “Conflict Is Inevitable”
    https://tinyurl.com/y8mds

    JuanP is a closet homosexual and Zero Hedge aficionado. Triple friggin lol.

  33. I AM THE MOB on Sat, 2nd Feb 2019 3:32 pm 

    Michael Moore: Ocasio-Cortez is the Democratic leader

    https://www.msnbc.com/the-last-word/watch/michael-moore-ocasio-cortez-is-the-democratic-leader-1436313155609?cid=sm_npd_ms_fb_ma

    The oceans are rising and so are we!

  34. Davy on Sat, 2nd Feb 2019 3:50 pm 

    “Advanced Social Decay: What’s Going On Behind Closed Doors In America”
    https://tinyurl.com/y8dzoudn

    “The sad truth is that we have definitely lost our way as a nation. Our lack of values is producing absolutely horrific results, and it is getting worse with each passing day.”

  35. JuanP article not Davy on Sat, 2nd Feb 2019 3:53 pm 

    http://theeconomiccollapseblog.com/archives/advanced-social-decay-you-will-cringe-when-you-read-what-has-been-going-on-behind-closed-doors-all-across-america

    Davy on Sat, 2nd Feb 2019 3:50 pm
    Advanced Social Decay:What’s Going On Behind Closed Doors In America”
    https://tinyurl.com/y8dzoudn

  36. A+ for the clown on Sat, 2nd Feb 2019 3:57 pm 

    JuanP good work reading over at the Hedge. You need education and this is a way you can focus and maybe learn something. Learning through identity theft. Lol. Keep it up bro. Great material for makato to see tonight. He will be so proud of your bad behavior. He is too proud to do it himself. He likes his twinkle boy to do it
    Instead.

  37. Davy on Sat, 2nd Feb 2019 4:00 pm 

    “America’s Apocalyptic Debt Crisis: 63 Of America’s Largest 75 Cities Are Completely Broke”
    https://tinyurl.com/yacx4g8f

    “The debt crisis in the United States of America has reached apocalyptic proportions. A new and horrifying report out details the reason why 63 of America’s largest cities are completely broke: debt and overspending.”

    “The top five cities in the worst financial shape are New York City, Chicago, Philadelphia, Honolulu, and San Francisco. These cities, in addition to Dallas, Oakland, and Portland, all received “F” grades.”

  38. Davy on Sat, 2nd Feb 2019 4:05 pm 

    ZH is a GREAT alternative source…..

    “We Are The Meteor… They Are The Dinosaurs…”
    https://www.zerohedge.com/news/2019-02-02/we-are-meteor-they-are-dinosaurs

    “Conflict Is Inevitable”
    https://www.zerohedge.com/news/2019-02-02/conflict-inevitable

    “Advanced Social Decay: What’s Going On Behind Closed Doors In America”
    https://www.zerohedge.com/news/2019-02-01/advanced-social-decay-whats-going-behind-closed-doors-america

    “America’s Apocalyptic Debt Crisis: 63 Of America’s Largest 75 Cities Are Completely Broke”
    https://www.zerohedge.com/news/2019-01-31/americas-apocalyptic-debt-crisis-63-americas-largest-75-cities-are-completely-broke

  39. Busy beaver JuanP articles on Sat, 2nd Feb 2019 4:27 pm 

    These are not my articles but I am happy JuanP has finally embraced Zero Hedge. I know all of you get tired of his whining. Lol. Except he never whines to makato. Makato can do no wrong to twinkle Juan

    Davy on Sat, 2nd Feb 2019 4:00 pm
    “America’s Apocalyptic Debt Crisis: 63 Of America’s

    Davy on Sat, 2nd Feb 2019 4:05 pm
    ZH is a GREAT alternative

  40. makati1 on Sat, 2nd Feb 2019 5:18 pm 

    Looks like Davy has enlisted some new fake avatars to side with him as real people don’t. Difficult to be the leader of a “Gang of One”. LOL

  41. dissident on Sat, 2nd Feb 2019 5:50 pm 

    I suggest the mods give Davy and his sock puppets a one month vacation. This thread pollution is getting tiresome.

  42. Davy on Sat, 2nd Feb 2019 5:57 pm 

    Wow, where have you been dizzy. Talk to JuanP who has perpetuated this all day. Tell the mods about that. Being a rabid Russophile Canadian anti-America I can see how you approve of what JuanP is doing. Birds like you two flock together. I bet you loved JuanP when he
    Cheerleads Russia. “Go Russia, go putin, down with
    Amerika. Lol,

  43. Davy on Sat, 2nd Feb 2019 6:00 pm 

    “Looks like Davy has enlisted some new fake avatars”

    Makato, I am working now but later I will have a report for you covering JuanP’s shit today. I know you will be
    Proud of your twinkle Juan .

  44. makati1 on Sat, 2nd Feb 2019 6:07 pm 

    dissident, he/she should just block Davy totally. The only reason I can think of to allow his destruction of the site is to make more kliks. Is there money involved? That is the only answer I can think of.

  45. Mitch on Sat, 2nd Feb 2019 6:09 pm 

    We are all so looking forward to your ‘lunatic’ report Davy. The highlight of everybody’s day. It’s always good for a laugh.

  46. JuanP sock puppet on Sat, 2nd Feb 2019 6:17 pm 

    Mitch on Sat, 2nd Feb 2019 6:09 pm

  47. Davy on Sat, 2nd Feb 2019 6:21 pm 

    Makato, you would love that but then what would twinkle Juan do. He can’t comment or debate. All twinkle Juan can do is prick with socks and identity theft. I can tell you have been in Asian you really love censorship and bad behavior

  48. I AM THE MOB on Sat, 2nd Feb 2019 6:50 pm 

    The Queen to be evacuated in case of Brexit unrest – media

    https://www.reuters.com/article/uk-britain-eu-royals/the-queen-to-be-evacuated-in-case-of-brexit-unrest-media-idUSKCN1PS005

  49. intellectual nematode Alert! on Sat, 2nd Feb 2019 7:04 pm 

    Davy on Sat, 2nd Feb 2019 6:17 pm
    Davy on Sat, 2nd Feb 2019 6:50 pm

  50. I AM THE MOB on Sat, 2nd Feb 2019 7:24 pm 

    The world’s mounting debt crisis must solved before it blows up in our face

    https://www.scmp.com/business/banking-finance/article/2184746/worlds-mounting-debt-crisis-must-solved-it-blows-our-face

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