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.
As Latin American governments continue marching toward ever-closer “integration” under transnational bodies like the socialist-dominated Union of South American Nations (UNASUR), regional leaders are now calling for what essentially amounts to a continental police force. The authoritarian regime ruling Venezuela, meanwhile, is attempting to erect a new hemispheric “human rights commission” that excludes the U.S. government.
During a ministerial UNASUR meeting held in Cartagena last week, senior officials representing the 12 member governments demanded the creation of a regional "Council for Public Safety, Justice and Cooperation." According to the member-states’ Ministers in attendance — Justice, Interior, Defense, and Foreign Relations — transnational crime represents among the most serious problems facing the region.
Leaders throughout Latin America are increasingly hinting that they may defect from the United Nations-inspired and U.S. government-led “War on Drugs.” But the Obama administration, despite adding trillions in new debt in recent years, forcefully vowed to continue pursuing the controversial war while pledging more American taxpayer funds to foreign governments for the battle.
Venezuelan strongman Hugo Chavez threatened to nationalize private banks which refuse to obey an official mandate and finance the regime’s development projects, sparking more concerns about the future of Venezuela and its ailing economy. The socialist “President” also vowed to step up his failed land confiscation and redistribution schemes.
Leaders of Latin American and Caribbean governments gathered in Caracas, Venezuela, on Friday and Saturday to forge a new regional organization that includes representatives from every country in the Western Hemisphere except the United States and Canada. According to socialist rulers backing the new scheme, it is aimed at providing a counterweight to U.S. “imperialism” in the region while promoting “integration.” The communist regime ruling mainland China celebrated the news and vowed to support the group.
When Venezuelan President Hugo Chavez announced last Tuesday the imposition of new price controls on a long list of consumer items, he expressed optimism that they would help curb inflation: