And when the OAS under a very bold secretary basic, Luis Almagro, attempts to bring the institution toward recognizing 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 actually not supported that. And if you line up the votes, who enacted favor and who stayed away, you can do a pretty easy one for one comparison based upon who is a member of Petrocaribe. Therefore the ramification of your concern I believe is spot on, you understand, and that is why I think when we talk about the Caribbean in Washington, frequently we think of it in the context of, you know, island countries or programs or social advancement, and all of these are very, really important issues.

And the dividends pay off down the roadway when Venezuela itself remains in the spotlight of the international community. Then they have friends that they can rely on and it pays dividends for them - How to finance building a home. 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 construct towards reversing that course. Ms. Yearwood. I concur 100 percent with Eric. Venezuela actioned in at a time that was extremely essential for much of the region and now the region is quite paying the price, whether it is in debt or other locations associated with votes and other requirements that they do as a result of the-- Mr.

Increased expenses in energy too now. Ms. Yearwood. Sorry? Mr. Sires. An increase in the cost of energy likewise. Ms. Yearwood. Oh, absolutely, definitely. Therefore I believe to the point, we are at an essential juncture now with the cost of energy being what it is with the U.S. energy supply increasing and the https://www.businesswire.com/news/home/20190911005618/en/Wesley-Financial-Group-Continues-Record-Breaking-Pace-Timeshare 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 brand-new kinds of energy is going to make a substantial difference. Mr. Sires. See, I do not believe things happen by mishap.

The other issue that I have is the significant boost of China in this region. You understand, we appear to be put to a lull of sleep or something due to the fact that everyone appears to move in and then we react. And we do not seem to catch these things till something like this takes place, you know, like Venezuela. So unfortunately, you understand, considering that I have actually been here we have been pushing-- and I understand Mr. Meeks and the other members that are here, you know, this is an important region for us. It is an essential area for America and we really ought to focus.

They are going to go through the Panama Canal and they can be found 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 impact exists is buying a timeshare worth it now of the Chinese? And I understand it is growing, but-- Ms. Yearwood. The Chinese impact, it is in fact extremely fascinating to see the way China has kind of entered into the region and the types of jobs. In some cases it is a sports arena - vacation ownership interest Which of the following was eliminated as a result of 2002 campaign .... I think the recent, the Baha Mar ordeal in the Bahamas, you have actually seen the Chinese Federal government been available in in such a way that the U.S.

If a Chinese developer enters into a country in the region they have the Chinese funding and the Chinese Federal government behind them. Mr. Sires. And the staff members. Ms. Yearwood. And the staff members. And so you have effectively got a bundle that the U.S - Which of the following can be described as involving direct finance?. can not-- the Foreign Corrupt Practices Act and all sorts of other factors, the U.S. can not contend in terms of the kinds of financial 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 great deal of locations, but what Baha Mar has shown us is that it can produce an extremely tough circumstance for the countries where they go.

Farnsworth. I believe Sally raises a truly interesting and crucial point in this context. What is a note in finance. You know, the Chinese or Venezuelan design is a state-led model, so the capital of the country, the leaders in the country can state this is what we are going to do. We are going to develop Petrocaribe or we are going to build a sports arena or we are going to state that we are going to develop these projects, whereas the U.S. design is personal sector-led design. And the disconnect here is that we are dealing with smaller economies, island countries, and in comparison of other financial investment opportunities in other countries in Latin America, much less around the world, these are economies that normally aren't going to draw that large investment other than in a couple sectors like tourist like we have been discussing. What the onus has to be is to find methods to clear and develop a seamless economic area between the U.S. and the Caribbean so that private sector capital can work. There are chances. Last but not least, I would state that the Caribbean is becoming a a lot more intricate area due to the fact that of the changes in policy toward Cuba, the cross-cutting trade agreements such as CAFTA, et cetera, and we have to think about the Caribbean now in a broader sense. In regard to Haiti, I think really essential is its ongoing combination with the English-speaking Caribbean, because these are well developed democracies and it is an economic area which holds chances for Haiti and there is now rather a lot of Caribbean investment going into Haiti and vice versa.