Another Glimpse into Chavez's Fantasy World

Hugo Chavez says that Latin American countries should pull their currency reserves from the U.S., and has established a brand new bank to house the relocated cash.

Because, you know, Latin America never has currency crises or anything, and Chavez has never manipulated his own currency in order to combat runaway inflation due to his misguided price controls.

Nope. The U.S. is an unsafe, unprofitable place for investors, which is probably why the U.S. receives more FDI than any other country in the world every year.