Coca-Cola Expelled From Bolivia

via: SilverVigilante
by: SV
August 1, 2012

A new age is arriving in Bolivia. An age devoid of Coca-Cola. According to the Bolivian government, “this will mark the end of capitalism and usher in a new era of equality” in the nation.  The expulsion of Coca-Cola from the region follows a year after the nation banned McDonalds as well. From RT:

“December 21 of 2012 will be the end of egoism and division. December 21 should be the end of Coca-Cola,” Bolivian foreign minister David Choquehuanca announced.

The coming ‘end’ of the Mayan lunar calendar on December 21 of this year has sparked widespread doomsaying of an impending apocalypse. But Choquehuanca argued differently, claiming it will be the end of days for capitalism, not the planet.

“The planets will align for the first time in 26,000 years and this is the end of capitalism and the beginning of communitarianism,” said Choquehuanca as quoted by Venezuelan newspaper El Periodiquito.

The minister encouraged the people of Bolivia to drink Mocochinche, a peach-flavored soft drink, as an alternative to Coca-Cola. Venezuelan President Hugo Chavez followed suit, encouraging his country to ditch the American beverage for fruit juice produced in Venezuela.

Continue Reading At: SilverVigilante.com

South American Silver Plummets As Bolivia Announces It Will Nationalize One Of World’s Largest Silver Deposits

via: ZeroHedge
by: Tyler Durden
July 9, 2012

Anyone long silver miner South American Silver Corp today is not happy, because while the precious metal responsible for the company top and bottom line has risen significantly, it is our old nationalizing friend, Bolivian President Evo Morales (who last year caused substantial moves higher in silver with threats to nationalize various silver mines in his resource rich if everything else poor country) who has stolen the spotlight, with his latest announcement that he is on his way to nationalize SAC.TO’s Malku Khota property, which the company describes as “one of the world’s largest undeveloped silver, indium and gallium deposits” and which El Pais adds “is considered one of the largest undeveloped silver deposits, with reserves estimated at 230 million ounces, and at least 2,000 tons of indium, gallium and gold as well.” Of course, while this is good news for the actual precious metals as it means much more supply is coming offline, it is very bad for mining and extraction companies such as South American Silver, which stand to lose one after another property to a repeat of last year’s wave of nationalization. Indeed, at last check SAC.TO was down 27% today alone and plunging.

Continue Reading At: ZeroHedge.com