With the global recession pillaging economies, capitalist corporations continue to profit even during this crisis.

May 19, 2010 (Hamsayeh.Net) - Venezuelan government has taken control over currency trading yesterday as pressures mount on the country's currency against US dollar.

Chavez administration blames brokerage houses for their gambling type activities promoted by Washington. A new trend closely resembling Las Vegas gambling procedure has become rampant across global financial system, where the Western and US affiliated corporations and bankers regularly manipulate currencies on massive scale.

With the global recession pillaging economies, capitalist corporations continue to profit even during this crisis. Hugo Chavez had warned speculators’ function against the Venezuelan national interests. He ordered the Central Bank to take over the country’s forex activities on Tuesday.

Central Bank President Nelson Merentes said brokerages would be "totally" excluded from the new mechanism, thereby eliminating the impact of speculation while still letting market forces set prices.

Venezuela like all other oil rich developing nations depend on goods imports from overseas producers thus making the country’s economy vulnerable to currency manipulation by Western-supported mafia networks.