Hugo Chavez faces a crisis of unprecedented power to his Government. Internal rivalries are proliferating, the world economy declines and Venezuelan influence in Latin America begins to wane. Public finances have been hit by the price of oil ($40), $20 lower than expected by the Government. Venezuela proposed a cut in production to raise prices before OPEC, but the idea was quickly dropped. To combat low oil prices, it will increase VAT and will triple its borrowing. A 20% increase in wages was also planned, but these will be below 30% of inflation that the Venezuelan Government estimates. Finally, instead of adjusting public finance, Chavez has decided to postpone failures prosecutors until absolutely necessary to resolve them. His trips abroad have also alienated it from the international community.

Thomas Sannon, the then Assistant Secretary of U.S. State for the region (2008), already claimed that do not obtain a place on the Security Council UN, the difficulties which passed some of their allies, and the damage to its credibility which marked the publication of connections of Caracas with FARC guerrillas have weakened it. He even says that if Venezuela seeks to establish links with the United States, it is because it has lost influence in Latin America. Hugo Chavez creates fictitious situations and ignores real-world situations. That has always been part of his game.

But this time has encountered an opponent even more powerful than the Yankees of the North: the reality. And before her, honest, and perhaps painful measures you should take to protect the economy, its citizens and especially its mandate. Is this further evidence to overcome? Or is it the beginning of the end for a decimated Chavez? It is difficult to predict what yet, but it is worth to observe how Venezuela will act before their adversities. Original author and source of the article.