> Simply put, if the US blocks Venezuela's overseas trade, the
> Bolivarian revolution is in deep shit.
> Remember how the US embargoed trade with Nicaragua 1985-1990 and tried to
> strangulate the Nicaraguan economy (Reagan justified this by saying that
> Nicaragua represented a "threat" to US interests, which wasn't credible, but
> anyhow he did that). Something similar could conceivably happen vis-a-vis
> Venezuela, [...]
Jurriaan:
At the present time, this shouldn't be a worry. To begin with, there's
ALBA (Bolivarian Alternative for the Americas), a regional trade association.
ThE US can't have an embargo against an ALBA member without expecting very
heavy retaliation by the rest of the customs' union. Even the US can't afford
to 'write off' most of the market in Latin America. Additionally, Venezuela
has trade deals with Russia, the PRC, Iran and other countries. This would
mitigate strongly against the possibility of a US embargo.
In solidarity, Jerry_______________________________________________
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Received on Sun May 24 09:38:51 2009
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