Hurricane Hugo loves Margarita

by Johnny Debacle

Reader The Paleofish sent in a link to Hugo Chavez in action, sticking it to uppity hotels.

Venezuelan President Hugo Chavez has said he seized the landmark Hilton hotel on Margarita Island because its owners dared to impose conditions on its use by his government to host a summit there last month.

“To hold the conference we had to ask for permission… and the owners tried to impose conditions on the revolutionary government. No way,” said Chavez.

“So I said, ‘Let’s expropriate it.’ And now it’s been expropriate

The hotel was a Hilton, the second Hilton to be seized by Hugo Chavez. How does this affect your portfolio? Quoting myself, something I love to do, this was our first piece on Piratery:

But setting up a lair in a place like Isla Margarita, located off the northern coast of Venenzuela, would be an environment with relatively low piratery penetration but proximity to major cruiseline and OPEC oil routes. An added bonus, Isla Margarita is where non-pirate berserker Lope de Aguirre reached his crescendo.

Revisiting this recommendation, we would downgrade Isla Margarita to “Not a good place to set up a pirate lair” due to the Venezuelan government’s growing presence in the quasi-legal seizure business.

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  1. The Paleofish
    October 16th, 2009 | 10:30 am

    JD – the link is broken to the Lope de Aguirre site. Try this link:

    That picture looks familiar. Where on facebook have I seen it before…

  2. October 16th, 2009 | 1:20 pm

    Too bad the link to the letter is gone. Perhaps the best letter ever written.

  3. batz
    October 22nd, 2009 | 4:43 pm

    We need Paris to do a video telling that dictator to “Give me back my hotels, Mexican bitches!”