Hugo Chavez is in trouble.

Posted on March 4th, 2008 in Uncategorized by Karl

The obvious question is why Chavez paid the FARC $300 million for the release of the hostages last month?  This “ransom” payment severed two purposes.  It bought Chavez some much-needed positive international PR.  For a brief moment, he could grab international headlines for something positive.  It also gave Chavez an easy way to pay back the FARC for the $150,000 they “lent” him back in 1992 when he was sitting in jail for a failed coup d’état.  That’s a 60% annual ROI for the FARC for the past 16 years.  Quite an investment!


Now that Colombian officials possess the FARC’s computer records showing a long trail of Chavista FARC support, Chavez has reason to be nervous.  His Venezuelan support base is poorer, hungrier, and getting tired of Hugo’s false promises.  Now, they have a smoking gun – their red-beret wearing, outspoken  leader has been a pillar of support for the feared and hated FARC.  The biggest danger is that Chavez will do something stupid in a desperate attempt to show strength. 


As I write, he is moving troops to the Colombian border.  This should be interesting.