Venezuela-Russia: Russia does not plan to cut military-technical cooperation with Venezuela, Russian President Dmitri Medvedev said on 15 October Interfax reported. He spoke at a press conference following talks with Venezuelan President Chavez. Medvedev called changes in the economic sphere “very serious and of a tectonic character,” and includes nearly all sectors of mutual interest. This includes real investment, primarily in the energy sector, he said.
Prime Minister Putin announced that Russia has sold 35 tanks to Venezuela. That is enough to equip a Russian-style battalion.
NIGHTWATCH Comment: Chavez justifies a more than $4 billion arms spending spree since 2005 based on the threat of a US attack. He intends to purchase Kilo-class submarines and S-300 air defense missiles. Russia canceled its longstanding contract for similar missiles with Iran. A major concern is that Venezuela will be a conduit for Russian arms to reach Iran because of the closeness of Chavez’ connection with Ahmadi-Nejad in opposing the US.
Phi Beta Iota: What is really important about the above is the Russian reference to “tectonic character” of the economic shift. Neither the Russians nor the Chinese are stupid, and they will murder, kidnap, and/or torture Wall Street executives and their families if selected “corrections” are not made. The era of US “empire” is not only over, the irresponsibility of the last eight years has deprived the USA as a whole of a more measured transition. In Latin America, the USA has disgraced itself and lost a century of opportunity.