3000 Venezuelan government employees locked out of bank accounts

This hasn't been reported anywhere so there's no official source. I was chatting online with a friend in Venezuela. She was telling me that her mother works for the Venezuelan government and she was telling her what happened. 3000 of their employees have their bank accounts frozen as of today, September 6, 2011. They don't know if they're going to gain access to their accounts again.

I am not heavily informed in the day-to-day politics down there, except to know that Hugo Chavez is a socialist and that he has been involved in the government takeover of private industry and the redistribution of wealth. What I do know is that the Venezuelan economy is in shambles. I don't know what this bank account lockout will mean in the big scope of things, but I found it interesting and thought it should be posted.

reply to post by MensaDude


Maybe they're trying to prevent a bank run.

They haven't been trying to print their way out of fiscal insolvency like we are here, have they?

That always ends badly.

reply to post by MensaDude

I was chatting online with a friend in Venezuela. She was telling me that her mother works for the Venezuelan government and she was telling her what happened. 3000 of their employees have their bank accounts frozen as of today, September 6, 2011. They don't know if they're going to gain access to their accounts again.

dont worry i think she will get her and their employees gain access to their accounts again

What I do know is that the Venezuelan economy is in shambles.

I think thats a global problem now just look at america,canada and even greece bosnia and all those other EU countries there economy is also in huge debt and jobless

Star and flag for the update.

reply to post by MensaDude


I'd assume these 3,000 workers have direct deposit and that their scheduled deposit met an unfortunate fate. Most likely due to a bankrupt govt?

Were these federal employees?

reply to post by mishigas


My understanding is that their whole accounts have been frozen, not just new money or paychecks going into their accounts. One or two employees, maybe there was a clerical error, but 3000 who now have no access to their accounts?

I wasn't told any details of 'federal' or local or whatever. I assumed so, but again, I'm not informed enough on their local and federal political structure to be 100% sure.

True or not the way I see it is a shining example of why people should not put money into banks... at all.

It matters not what country you are in, banking is a scam, and this is how easy it is for a bank to rob you.

reply to post by MensaDude

Assuming the info is true and the number is true (3000 to me sounds like either too rounded off or pulled out of the air). I used to condemn Chavez at first because I was singing the media's song but I have been to many countries on our planet and trust me Venezuela is doing good. Many economies are in crisis including ours and at last every economy shall come to face one fact, this paranoia spread by the elitists against "socialistic policies" must end. Capitalism has come to a stagnating halt, we cant have a whole planet controlled by greed at one time we will have to maintain our achievements and start concentrating on developing the human being not technology.