South of the Border Page #2

discovery domination of Washington ...

came from South America

A continent that the IMF

and the Treasury ...

often used

as a lab rat ...

your experiments in economics.

In 1988, the Venezuelan economy

was in chaos.

The minimum wage was downloading

and poverty, the rise for years.

The Venezuelan government was

on his knees asking for help from the IMF.

That attended, dictating

a structural adjustment program ...

guarantee that more money

especially for the poor.

When the bus fare

was increased. in 1989 ...

obeying the agreement with the IMF ...

Caracas exploded into a fiesta''''

of attacks and looting.

Police opened fire again

in Caracas, the Venezuelan capital. . .

against demonstrators

who were throwing stones.

Today is the fourth day of

violent protest. . .

against the government's decision

to increase the price. . .

some basic items

consumption.

The government called the army.

Hundreds, perhaps thousands

Venezuelans were killed.

''They killed my son!''Was the

the woman shouted at the morgue.

Relatives anxious look at the list

part with more than 200 names ...

people who were killed.

The morgue is literally ...

clogged with bodies

the dead.

That same month,

a group of young officers ...

met secretly

under the command of then ...

Lieutenant Hugo Chavez.

And they condemned the massacre, vowing ...

that would never happen again.

Chavez, say,

dropped with a parachute.

It was produced

within the army. . .

when the army killed

their own people.

Chavez and a group

of junior officers gathered. . .

and said:

No.''were created for this.

Our only purpose is to protect

the country from foreign invasion.''

Exactly three years later,

in February 1992 ...

Chavez launched a failed coup

to overthrow the government.

But the promised attack

never happened.

The Venezuelan government has avoided

Worse, when troops loyal ...

dominated a violent blow

midnight.

After killing 70 people ...

the rebel troops failed

to overthrow President Perez.

And the great news that I bring

to all Venezuelans. . .

is that all outbreaks

been mastered.

And they're all arrested,

have surrendered. . .

or because they were captured.

Chavez was caught

and was arrested two years.

He assumed full responsibility,

publicly.

Comrades, unfortunately. . .

for now, the goals

we plan. . .

were not met

in our capital.

Namely, we

here in Caracas. . . .

we can not control the power.

And I, in front of you and the country,

I assume all responsibility. . .

this movement

Bolivarian military.

Thank you.

No doubt, the coup was illegal.

And against the same defenders

democracy that Chvez ...

later, defend the coup

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