And when the OAS under a really brave secretary general, Luis Almagro, attempts to bring the organization towards acknowledging that Venezuela is no longer in compliance with the Inter-American Democratic Charter, he is not getting the complete support of the hemisphere, and certainly much of the Caribbean Basin has not gone along with that. And if you line up the votes, who voted in favor and who stayed away, you can do a pretty simple one for one contrast based upon who is a member of Petrocaribe. And so the ramification of your concern I think is area on, you understand, and that is why I think when we speak about the Caribbean in Washington, usually we believe about it in the context of, you know, island countries or programs or social advancement, and all of these are extremely, very important issues.
And the dividends pay off down the roadway when Venezuela itself is in the spotlight of the worldwide community. Then they have buddies that they can rely on and it pays dividends for them - How long can i finance a used car. So I believe that at the end of the day that is a lesson honestly that we can find out, and I believe we can build towards reversing that course. Ms. Yearwood. I concur 100 percent with Eric. Venezuela actioned in at a time that was very important for much of the area and now the area is quite paying the price, whether it owes money or other areas related to votes and other requirements that they do as an outcome of the-- Mr.
Increased expenses in energy too now. Ms. Yearwood. Sorry? Mr. Sires. A boost in the cost of energy likewise. Ms. Yearwood. Oh, definitely, absolutely. Therefore I believe to the point, we are at an essential point now with the expense of energy being what it is with the U.S. energy supply increasing and the region looking at ways to increase sustainable energy, whether it is through gas or getting the area less based on Petrocaribe and able to make these switches to new types of energy is going to make a big difference. Mr. Sires. See, I don't think things happen by accident.
The other concern that I have is the significant boost of China in this region. You know, we appear to be put to a lull of sleep or something because everyone appears to relocate and after that we respond. And we don't seem to capture these things till something like this happens, you understand, like Venezuela. So unfortunately, you understand, since I have been here we have actually been pressing-- and I know Mr. Meeks and the other members that are here, you understand, this is an important region for us. It is an essential area for America and we truly ought to concentrate.
They are going to go through the Panama Canal and they come in and they toss cash, you understand, at these little nations, which in truth they can't afford not to accept the cash. So https://www.topratedlocal.com/wesley-financial-group-reviews just how much of influence exists now of the Chinese? And I know it is growing, but-- Ms. Yearwood. The Chinese impact, it is really really fascinating to see the way China has kind of come into the area and the types of jobs. In some cases it is a sports stadium - How many years can you finance a boat. I believe the recent, the Baha Mar ordeal in the Bahamas, you have seen the Chinese Federal government can be found in in a way that the U.S.
If a Chinese developer enters a nation in the area they have the Chinese funding and the Chinese Government behind them. Mr. Sires. And the workers. Ms. Yearwood. And the workers. And so you have actually efficiently got a plan that the U.S - What was the reconstruction finance corporation. can not-- the Foreign Corrupt Practices Act and all sorts of other factors, the U.S. can not compete in regards to the kinds of investment that they have the ability to take in without sort of needing to do the due diligence behind it. And it is really welcome in a lot of places, but what Baha Mar has actually shown us is that it can create a very tight spot for the nations where they go.
Farnsworth. I believe Sally raises a really fascinating and crucial point in this context. What is the difference between accounting and finance. You understand, the Chinese or Venezuelan model is a state-led design, so the capital of the country, the leaders in the nation can say this is what we are going to do. We are going to develop Petrocaribe or we are going to develop a sports arena or we are going to state that we are going to establish these projects, whereas the U.S. model is personal sector-led model. And the disconnect here is that we are dealing with smaller economies, island countries, and in contrast of other financial investment opportunities in other countries in Latin America, much less worldwide, these are economies that generally aren't going to draw that large financial investment except in a couple sectors like tourism like we have actually been speaking about. What the onus has to be is to find methods to clear and develop a smooth economic area in between the U.S. and the Caribbean so notice of cancellation letter that personal sector capital can what is the average cost to get out of a timeshare work. There are opportunities. Lastly, I would say that the Caribbean is becoming a much more complex location since of the changes in policy towards Cuba, the cross-cutting trade contracts such as CAFTA, et cetera, and we have to think about the Caribbean now in a broader sense. In regard to Haiti, I believe extremely important is its continued combination with the English-speaking Caribbean, since these are well established democracies and it is an economic area which holds chances for Haiti and there is now rather a great deal of Caribbean investment entering into Haiti and vice versa.