Friday, July 25, 2008

Venezuela Said To Have Spent $33B To Influence Neighbors

Hugo Chavez Rally

From The Miami Herald:

Venezuelan President Hugo Chávez has spent close to $33 billion to influence the regional politics of Latin America, helping to finance the economies of nations such as Argentina, Bolivia, Ecuador and Nicaragua, a former U.S. intelligence official has testified before the U.S. Congress.

The Venezuelan government also provided resources to Colombia's FARC guerrillas, the Basque separatist group known as ETA and Islamic organizations such as Hamas and Hezbollah, according to Norman Bailey.

Read more ....

My Comment: A fool and his money are always parted. When oil prices collapse and the bills come in .... this is when the people of Venezuela will scratch their head and wonder where did it all go.

No comments: