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South America

Argentina's government is growing more desperate as her currency is once again caught in an inflationary maelstrom. Are draconian financial and currency controls in America's future?

The recent illegal ouster of Paraguay from Mercosur and the incorporation of Hugo Chavez's Venezuelan regime into the trade group is the latest in an ongoing and  alarming string of victories throughout the hemisphere by the communist-socialist alliance known as the São Paulo Forum.

When former Paraguayan President Fernando Lugo Méndez was lawfully impeached by united lawmakers in late June, Latin America’s powerful socialist leaders denounced the move against their comrade as a “coup” against “democracy.” Despite the fact that the impeachment by a democratically elected Congress followed constitutional procedures and was endorsed by the nation’s Supreme Court, the outcry against the ouster and Paraguay’s new leader is still growing.

After coming under heavy criticism for pursuing so-called “integration” with totalitarian-minded rulers in Latin America, the governments of Chile, Peru, Mexico, and Colombia — among the best performing economies and the few remaining countries in the region not yet under complete statist domination — announced the formation of a new regional body known as the Pacific Alliance.

However, the new initiative, formally brought into being last week with the signing of an agreement by the four presidents, will not displace the growing patchwork of anti-national sovereignty schemes being erected throughout the hemisphere. Also problematic, according to critics, is the alliance’s apparent effort to court the communist dictatorship ruling mainland China under the guise of expanding trade with Asia.

After presiding over an unprecedented surge in violence and murder in Venezuela, the regime of socialist strongman Hugo Chávez — with the full support and assistance of the United Nations — has decided to wage all-out war on private firearm ownership. A series of new restrictions on civilians are supposedly part of an effort to fight crime and preserve “peace” as the nation’s ongoing economic implosion accelerates.

Critics and gun-rights advocates, however, blasted the controversial decision to disarm law-abiding citizens, warning that criminals could now run wild without any fear of consequences. More pessimistic analysts also warned that the already out-of-control socialist regime might seek to solidify its iron-fisted rule after rendering the public completely defenseless.

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