Panama uses the US dollar for official trade EVEN THOUGH it mints its own balboa backed so far by the trust beholded by the dollar itself. Not only that, but these actions could become #1 competition of the Panama Canal
WASHINGTON – As Russia continues to take strategic initiatives to put the United States on the defensive, Russian President Vladimir Putin is teaming up with China to help construct a trans-oceanic canal in Nicaragua that gives Moscow an even greater foothold in Washington’s area of influence.
The prospect comes as Moscow not only intends more massive arms sales in Latin America but, moves to establish a base in Nicaragua besides using existing facilities for refueling for aircraft and port calls for Russian warships.
In addition to Nicaragua, Moscow also is looking to establish bases in Cuba and Venezuela.
The establishment of permanent Russian bases and a major Russian presence in the Western Hemisphere will challenge U.S. policies and threaten to diminish Washington’s influence in the region.
And like a repeat of events leading up to the 1962 Cuban missile crisis, it will give Moscow a basis to stage offensive weapons in the Western Hemisphere, placing another formidable challenge to U.S. homeland defenses from potential missile threats.
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