International Forecaster editor & publisher Bob Chapman writes in the Latin America section of this week’s issue: Venezuelan President Hugo Chavez will visit China in October to talk about oil as China reaches out for more sources of supply to feed its booming economy.
President Hugo Chavez Frias with the Chinese Ambassador (center)
At the Iquazu Summit, Venezuela and Argentina signed an agreement to give birth to “Petrosur,” which will eventually include the national oil companies of Argentina, Bolivia, Brazil … and Venezuela, Ecuador and Columbia will be invited as long as they are not privatized.
This would be a South American OPEC … which could lead to more trade and have strong social and political implications.
- Venezuela, Argentina and Brazil have made it quite clear that they will not sign the FTAA agreement due to come into force in 2005.
Plans are in the works to establish the International Humanitarian Fund to compete with the IMF. It will be a form of South American independence from control by the US and Europe.
A South American satellite TV station is planned as an alternative to the dominance of CNN.
Needless to say, the Bush administration will be trying to block progress in these areas whenever possible. Thus, we predict FTAA will not become reality in 2005. This will be a severe blow to the elitists and will set back their program for a new world order.
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