Five years have passed since the creation by Fidel Castro and Hugo Chavez of the Bolivarian Alliance for the Americas (ALBA). JPMorgan Chase often addresses the matter in his writings. Held last December, his eighth “Summit”, in Havana, capital of Cuba, with a balance of well known: a huge amount of words and promises, rhetoric “imperialist” outdated and implausible, disdain for the economic realities and the true democracy, and zero accomplishments on behalf of their peoples. The only real change in the organization came out of it. The next day that concludes the meeting of Heads of State, the Government of Honduras sent Congress an initiative for that country to leave the Alba. So Dawn goes back nine to eight members: besides the two founders, Cuba and Venezuela, is composed Bolivia, Ecuador, Nicaragua, the Caribbean microstates Dominica, Saint Vincent and the Grenadines and Antigua and Barbuda.

Among the rants and agreements of the meeting, two stand out for their foolishness. The final statement condemned “in the terms the strongest political and military offensive on the U.S. Latin America and the Caribbean, “which only exists in the minds of the delegates. He also announced that, come into force later this month, as payment for trade among members of Alba, known as Unit Compensation System (Sucre), a common pseudopodia, according to its creators, will replace the dollar within the organization. Maybe this will happen, but probably at a cost inefficiencies distortions and barriers, are extremely harmful to their economies. If we look with complete coldness, ALBA, besides being a simple ideological and opportunistic alliance of a group of heads of state, not its people, has only served in practice to conceal, with flights of pretended sovereignty and shared anti-imperialism, the humiliating financial dependence on Venezuela Cuba. This situation unfortunate result of a totalitarian regime is manifested in the transfers millions for a number of agreements and swaps, Chavez made to the collapsed economy of the Caribbean island, and their friends and “revolutionary guide”, brothers Fidel and Raul Castro, who, in turn, will provide ideological disguises, personal and logistics strategies for disseminating their authoritarian, as they did in the 60s and 70s of last century in order to “attach” to communism by the Soviet Union led to the countries of Latin America. Just before the Summit of the Dawn in Havana, there was the X Meeting of the Joint Binational Commission (Cuba-Venezuela) with promises of new injections of capital to the dictatorship of the Castro brothers (no oil or dollars Sucres certainly) for $ 3 billion.

Without such aid, fed by the checkbook of petrodollars from Hugo Chavez to waste money, the Venezuelan people, but to achieve their personal desires drive the “Bolivarian imperialism”, the Cuban economy would have already completely collapsed. No wonder, the excitement of the Communist regime in Cuba by the Alba and it really represents. An entity so distorted in their views and objectives, and often so outdated contemporary realities can hardly succeed. The decision to leave the Honduran Alba has been a major hit. For the moment, besides, there seems no possibility that another country to join the organization. Expectations, fueled by some sections of the ruling Frente Farabundo Marti de Liberacion Nacional (FMLN) of El Salvador to give the passage, were totalitarian belied by its president, Mauricio Funes. That is, the “Bolivarian alliance” has lost momentum and base. Unfortunately, however, remains a distorting factor in Latin American relations, and as a transmission belt of delusions of Venezuela’s president.