IATA seeks meeting with Venezuela president over money owed to airlines

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52. You can NOT do whatever you want with your money and you never could.

"It's their money. They can do whatever they want with it."

Money has always had restrictions on its use.

In the feudal economic systems, you could not use your money to buy certain colors, fabric or even foods because they were restricted to Royalty only. Under a king, certain businesses (usually controlled by royalty) had monopolies on certain products such as tea, dyes and herbs. So you could NOT buy these items from anyone else or you would be punished. Under feudalism you could NOT buy transportation out of an area without the king's or lord's approval.

In slavery, you could NOT use your money to buy yourself out of slavery. In some forms of slavery you could not use your money for anything because you were NOT allowed to own anything. But if you were not a slave you could buy a human being. Today, buying people is considered illegal and immoral.

Capitalism is much the same. We restrict the quantities purchased on many things to ensure that only the rich can buy them. Government bonds, facilities and outsourcing services are just a few examples of such restrictions. I can NOT sell my tomatoes to the USDA (who then forces schools and government institutions to use them) because they want thousands of pounds of it all at one time which as a small farmer I can NOT produce. A school can NOT buy tomatoes from me because the government restricts their use of funds. Yet the big factory farms can. We also do not allow money laundering or the purchase of certain drugs, prostitutes and weapons of mass destruction.

The US has ensured that to buy oil you must have dollars. Since the agreements of 1971 and 1973, OPEC oil is exclusively quoted in US dollars. This creates a permanent demand for dollars on the international exchange markets. As of 2005, OPEC continues to trade in US Dollars, but some OPEC members (such as Iran and Venezuela) have been pushing for a switch to the euro. So if you had yens you could not buy oil with them.

Today you and I are limited as individuals from giving more than $2,600 to a candidate http://www.fec.gov/pages/brochures/contriblimits.shtml. Corporations can give as much as they want.

So to blame other countries for placing restrictions on the use of their currency is to pretend you live in a libertarian paradise.