(WMR) -- WMR�s intelligence sources have reported that the Obama administration has authorized an economic war against Venezuela in order to destabilize the government of President Hugo Chavez.

After a successful coup against Chavez ally, President Manuel Zelaya of Honduras, and the very thin 51-49 percent electoral win by Chile�s billionaire right-winger Sebastian Pinera on January 17, a buoyed Obama White House has given a green light for political operatives in Venezuela, many of whom operate under the cover of non-governmental organizations (NGOs), to set the stage for massive street demonstrations to protest Chavez�s devaluation of the bolivar, Venezuela�s currency.

Chavez devalued the bolivar by 50 percent to make Venezuelan oil exports less expensive, thus boosting revenue for his country. However, the devaluation has also seen price rises and inflation in Venezuela and the CIA and its subservient NGOs have wasted little time in putting out stories about consumers rushing to the stories ahead of an increase in consumer products, with imported flat-screen televisions being the favorite consumer item being hyped by the corporate media as seeing a huge price increase and long lines at shopping malls favored by the Venezuelan elites.

The state has exempted certain consumer goods such as food, medicines, school supplies, and industrial machinery from being affected by the bolivar�s devaluation through a different exchange rate and price controls, but it is the price increases on televisions, tobacco, alcohol, cell phones, and computers that has the anti-Chavez forces in Venezuela and abroad hyping the ill-effects on the Venezuelan consumer.

To battle against businessmen who are trying to capitalize on the devaluation of the bolivar, Chavez has threatened to close and possibly seize any business that gouges the consumer by inordinately raising prices. The first target of a temporary closure was a Caracas store owned by the French firm Exito.

International investment analysts praised Chavez�s decision to devalue the bolivar and said the decision was overdue considering the fall of oil prices worldwide. However, the CIA and NGOs, many aligned with George Soros�s Open Society Institute and the U.S. National Endowment for Democracy are planning large street demonstrations against Chavez�s handling of the economy.

National Assembly elections are scheduled for September but the Obama administration has decided that if Chavez can be removed now, his allies in Bolivia, Ecuador, Nicaragua, Paraguay, and some Caribbean island states will quickly abandon Chavez�s alternative to American-led Western Hemisphere financial contrivances and free trade pacts, the Bolivarian Alternative for the Americas (ALBA).

The Obama planners then see Cuba, once again, being isolated in the hemisphere and ripe for increased U.S. political pressure. Cuba was placed on the list of 14 countries requiring additional airline passenger screening as part of the policy to pressure and isolate Cuba. There is a possibility that with the outbreak of U.S.-inspired violence in the streets of Venezuela, that nation could join Cuba on the list as the 15th country.

The Obama administration�s assault is two-fold: economic and political. Pressure is being applied against the gasoline chain Citgo, which is owned by the Venezuelan state oil company, PDVSA, and Venezuelan investment favorability ratings. Politically, the U.S. is overtly and covertly funneling money to anti-Chavez groups through the National Endowment for Democracy (NED), U.S. Agency for International Development (USAID), and groups affiliated with George Soros. 

There is also a small military component to Obama�s strategy of undermining Chavez. U.S., P-3 Orion overflights of Venezuelan airspace from bases in Aruba and Curacao are designed to intimidate Chavez and activate Venezuelan radar and command, control, communications, and intelligence (C3I) systems to gather electronic and signals intelligence data that would be used by the United States to jam Venezuelan military networks in the event of a U.S.-inspired uprising against Chavez by U.S. loyalists embedded in the Venezuelan military, police, PDVSA, and media. The U.S. is also stoking cross-border incursions into Venezuela by Colombian paramilitaries to gauge Venezuela�s border defenses. Last November, Colombian right-wing paramilitary units killed two Venezuelan National Guardsmen inside Venezuela in Tachira state. Weapons caches maintained by Colombians inside Venezuela have been seized by Venezuelan authorities. Venezuela has also arrested a number of Colombian DAS intelligence agents inside Venezuela.

Obama signed a military agreement with Colombia that allows the United States to establish seven air and naval bases in Colombia. An additional agreement by Obama with Panama will see the U.S. military return to that nation to set up two military bases.

It is estimated that some 25 percent of Venezuelans are likely Fifth Columnists who would take part in a revolt against Chavez. Many of them based in the Venezuelan oil-producing state of Zulia and the capital of Maracaibo, where successive U.S. ambassadors in Caracas have stoked secessionist embers and where the CIA and U.S. Defense Intelligence Agency have concentrated much of their efforts. In November, Venezuelan police arrested in Maracaibo, Magaly Janeth Moreno Vega, also known as �The Pearl,� the leader of the right-wing United Self-Defense Forces of Colombia (AUC), which has been directly linked to Colombia�s pro-U.S. President Alvaro Uribe and members of his government, including former Colombian Attorney General Luis Camilo Osorio Isaza, appointed by Uribe as Colombia�s ambassador to Mexico.

Previously published in the Wayne Madsen Report.

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