Reply #53: I just read that Venezuela has placed an embargo [View All]

[cliss]

on all goods coming in from Colombia. This means that the imports are coming to a complete standstill from that country. Chavez might also freeze funds from Colombian companies in Venezuela. Chavez said "we might nationalize a few of them".

This is the ultimate check mate for Colombia. Venezuela should be able to get its imports from other countries. Venezuela is flush with cash from its oil exports. They should have no trouble getting products from other suppliers.

COLOMBIA on the other hand, is screwed. Their local companies will go ballistic because they will lose billions in trade. The president will be under tremendous pressure to back down since the other Latin American countries are in complete unison on this. Colombia will lose in this stalemate.

Also, the US is a very bad and unpredictable friend. Even though we give Uribe a lot of money, funding might become a little tough since the US is in trouble financially. So don't count on those big bucks for too much longer.

Uribe = Check mate.