Chavez: Pull Reserves From US
Sunday, January 27, 2008

How does a centralized pan-South American/Caribbean bank with ties to Iran effect US influence in our hemisphere? This event coincides with the New York Times publishing Waving Goodbye to Hegemony, a long but worthy read which pieces together a world view absent US global dominance.

Given the our nation's current financial crisis, the long standing history of the Monroe Doctrine, and a US president who seems happiest when indulging fantasies of channeling Teddy Roosevelt, will Chavez's move here be viewed as tantamount to an act of war, or are these billions of dollars just drops in the bucket?

From Yahoo! Finance: "Chavez welcomed the Caribbean island of Dominica into the ALBA -- an acronym that means "dawn" in Spanish -- joining Nicaragua, Bolivia and Cuba. Attending as observers were the prime ministers of Antigua and Barbuda and St. Vincent and the Grenadines, along with officials from Ecuador, Honduras, Haiti and St. Kitts and Nevis.

Chavez said a new fund created by Venezuela and Iran to support projects in third countries would have links to the ALBA Bank."

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"We must not confuse dissent with disloyalty. When the loyal opposition dies, I think the soul of America dies with it."

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