And when the OAS under an extremely bold secretary general, Luis Almagro, tries to bring the organization toward acknowledging that Venezuela is no longer in compliance with the Inter-American Democratic Charter, he is not getting the full support of the hemisphere, and undoubtedly much of the Caribbean Basin has not supported that. And if you line up the votes, who enacted favor and https://local.hometownsource.com/places/view/159183/wesley_financial_group_llc.html who abstained, you can do a quite simple one for one contrast based upon who is a member of Petrocaribe. And so the implication of your question I believe is area on, you understand, which is why I think when we discuss the Caribbean in Washington, oftentimes we consider it in the context of, you know, island nations or programs or social advancement, and all of these are very, really important concerns.
And the dividends settle down the roadway when Venezuela itself remains in the spotlight of the international community. Then they have buddies that they can rely on and it pays dividends for them - How to finance a car from a private seller. So I believe that at the end of the day that is a lesson frankly that we can find out, and I think we can build toward reversing that course. Ms. Yearwood. I agree one hundred percent with Eric. Venezuela stepped in at a time that was very important for much of the region and now the region is very much paying the rate, whether it owes money or other areas connected to votes and other requirements that Discover more they do as an outcome of the-- Mr.
Increased expenses in energy too now. Ms. Yearwood. Sorry? Mr. Sires. An increase in the expense of energy likewise. Ms. Yearwood. Oh, definitely, definitely. And so I think to the point, we are at a crucial juncture now with the cost of energy being what it is with the U.S. energy supply increasing and the area looking at methods to increase sustainable energy, whether it is through gas or getting the area less dependent on Petrocaribe and able to make these switches to new kinds of energy is going to make a substantial distinction. Mr. Sires. See, I do not believe things take place by mishap.
The other issue that I have is the substantial boost of China in this region. You know, we seem to be put to a lull of sleep or something because everybody seems to relocate and then we react. And we do not seem to catch these things up until something like this takes place, you understand, like Venezuela. So sadly, you know, given that I have been here we have actually been pushing-- and I understand Mr. Meeks and the other members that are here, you understand, this is an important area for us. It is an essential area for America and we actually should concentrate.
They are going to go through the Panama Canal and they are available in and they toss money, you know, at these small countries, which in reality they can't pay for not to accept the cash. So just how much of influence exists now of the Chinese? And I know it is growing, however-- Ms. Yearwood. The Chinese impact, it is actually really interesting to watch the way China has actually sort of come into the area and the types of jobs. Sometimes it world timeshare now reviews is a sports stadium - What does finance a car mean. I think the recent, the Baha Mar debacle in the Bahamas, you have seen the Chinese Federal government can be found in in such a way that the U.S.
If a Chinese designer enters into a nation in the area they have the Chinese funding and the Chinese Federal government behind them. Mr. Sires. And the staff members. Ms. Yearwood. And the staff members. Therefore you have effectively got a package that the U.S - What is a consumer finance account. can not-- the Foreign Corrupt Practices Act and all sorts of other factors, the U.S. can not complete in regards to the kinds of financial investment that they have the ability to take in without type of needing to do the due diligence behind it. And it is really welcome in a lot of places, but what Baha Mar has revealed us is that it can create an extremely tight spot for the nations where they go.
Farnsworth. I think Sally raises a truly interesting and crucial point in this context. How do you finance a car. You understand, the Chinese or Venezuelan design is a state-led design, so the capital of the nation, the leaders in the country can say this is what we are going to do. We are going to produce Petrocaribe or we are going to build a sports stadium or we are going to declare that we are going to establish these jobs, whereas the U.S. model is personal sector-led model. And the disconnect here is that we are handling smaller sized economies, island countries, and in contrast of other investment chances in other nations in Latin America, much less worldwide, these are economies that usually aren't going to draw that large investment except in a couple sectors like tourist like we have been speaking about. What the onus has to be is to find methods to clear and establish a smooth financial space between the U.S. and the Caribbean so that economic sector capital can work. There are chances. Finally, I would state that the Caribbean is ending up being a a lot more intricate area since of the modifications in policy towards Cuba, the cross-cutting trade contracts such as CAFTA, et cetera, and we need to consider the Caribbean now in a broader sense. In regard to Haiti, I think extremely crucial is its ongoing integration with the English-speaking Caribbean, because these are well established democracies and it is a financial location which holds chances for Haiti and there is now quite a lot of Caribbean financial investment entering into Haiti and vice versa.