Venezuelan President Hugo Chavez called for an end to the dictatorship of the U.S. dollar by using meaans such as the Sucre, a virtual currency promoted by the Bolivarian Alliance for the Peoples of our America (ALBA).

Quoting recent statements by Russian Prime Minister Vladimir Putin, who described the U.S. economy as a parasite, Chavez stressed it was necessary to boost the ALBA regional compensation system, which has been used in transactions by Cuba, Venezuela, Bolivia and Ecuador.

Hugo Chavez highlighted Venezuela’s efforts to achieve financial sovereignty.

Hugo Chavez : US Dollar is worthless

The president also stated he was delighted with the statements of Colombian Defense Minister Rodrigo Rivera, who dismissed the idea that Venezuela is harboring members of Colombian guerrilla forces.

Venezuelan president Hugo Chavez bombed US during his visit in Iran earlier this year by declaring that the American empire will crash with the dollar.