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Look what Chavez has made out of the spare wheel

From Novosti:

"Venezuelan President Hugo Chavez has announced plans to hold an alternative summit on the global financial crisis to counter the meeting of world leaders currently taking place in Washington....Chavez said that he would invite representatives from the Bolivarian Alternative for the Americas trade bloc (ALBA) and members of the Petrocaribe oil initiative to attend the summit. The two groups include a large number of Latin American and Caribbean countries".

ALBA consists of Venezuela, Cuba (fancy...), Bolivia, Nicaragua, Honduras and some of the small islands of the Caribbean (as a footnote, 'you are from a small island' is a pseudo-insult thrown out by folk of Jamaican extraction). Petrocaribe is Chavez's vehicle for gaining diplomatic etc leverage from selling Venezuela's oil at non-market prices and includes Suriname, Guyana (1), Haiti, Jamaica, the Dominican Republic, Haiti, Belize, Guatemala and lots of small island states.

And what is he hoping to achieve, apart from getting his face in the papers?

"We will hold in Caracas a summit of small countries to adopt decisions on overcoming the financial crisis," national media reported Chavez as saying at a United Socialist Party of Venezuela meeting".

Doubtless the decisions will revolve around creating a LatAm/Caribbean socialist siege economy. It will end in fraudulent elections, crushing of dissent tears, you'll see.

(1) Given that Venezuela claims well nigh three-quarters of Guyana's national territory, I advise PM Sam Hinds to sup with a long spoon.

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