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Although details surrounding Ledezma’s exact role in the recently discovered “Blue” coup plot are still unclear, it appears that the opposition politician is implicated beyond his call for a transitional government.  Following the announcement of the coup plot last Thursday, the Maduro administration suggested that further arrests were to be made once there was sufficient evidence to prosecute the political ringleaders of the plan.  “In these intelligence investigations, we have discovered a codified message, in another language,  by an important leader of a party. On translating it, we found that it gave the details, the elements of the coup. We are about to capture the person who brought the script that they were going to read, the script they were going to read out was already written, and circulated by a person who I will name at the correct moment”, said Maduro, referencing a preplanned statement which was to be read out to the public following the aerial bombardment, announcing a “rebellion” of the armed forces against the government. 

It is not the first time that Ledezma has been implicated in a plan to violently overthrow the government. In 2002, he participated in an attempted coup which saw socialist president of the time, Hugo Chavez, ousted for a period of 47 hours. Last year, he was also named several times as a “principal ally” by currently detained terror plotter, Lorent Saleh. Saleh was one of the main underground activists fuelling the armed barricades known as guarimbas which last year claimed the lives of at least 43 Venezuelans. He had planned to go on a killing spree with the help of Colombian paramilitaries but was arrested before the plan could take place.  

Popularly known as “the vampire”, Ledezma began his political career in 1973 as a member of the “Democratic Action” Party. In 1989, he infamously became Governor of the Federal District of Caracas, when he oversaw one of the most violent periods in the history of the Caracas Metropolitan Police.  The police body, which was since disbanded in 2010 due to its human rights violations, regularly opened fire on unarmed student protests, systematically repressed street vendors, pensioners and the unemployed, as well as regularly disappeared political activists.   During this period he also oversaw the “Caracazo,” when up to 3000 people were killed and disappeared by security forces in the wake of violent protests against a government imposed austerity programme.  This particular period of Ledezma’s career earnt him the reputation of “student killer” amongst working class Venezuelans. He is founder and current leader of the rightwing party known as the “Brave People’s Alliance”. 

Morales also questioned Washington's discourse of democracy. “How can you speak of democracy when you label countries of peace and democracy a threat to your security? … How can you speak of democracy when you send troops around the world menacing the sovereignty of other nations … How can you speak of threats to your security when your country is the largest producer of weapons in the world … weapons that are killing hundreds of thousands.” Morales also questioned Washington's discourse on human rights, saying it is the country that resorts to torture more than any other around the world, and when in the United States they have a grave crisis of racial discrimination and a serious human rights issue involving police against minorities. Evo Morales told Obama that the United States doesn't need to help Cuba, “what it needs to do is repair all the damages it has caused in that country.” Toward the end of his speech during the second day of the Summit of the Americas in Panama City, Morales criticized the United States for insisting on the aggressions against Venezuela despite the fact that 33 countries in the region have rejected them, while only two have agreed with them.

And the fact that there’s a growing crisis in Saudi Arabia was evident from the cuts in subsidies and bonuses that king Salman started at the beginning of this year to reduce the country’s total dependence on oil. After decades of extensive use of oil revenues to subsidize companies’ payment of generous salaries and providing enormous social benefits, falling oil prices struck Saudi Arabia at its heart. It’s enough to say that revenues from oil exports in 2015 alone dropped by half. Ultimately it’s hard to say which country suffers the most from these oil wars – Russia or Saudi Arabia, since the latter has virtually no other sectors to support the economy. Saudi economist Turki Fadaak believes that Saudi Arabia is exiting the policy of “universal welfare”, so there’s an ongoing psychological shift in the minds of the ruling elite of the state. Fadaak is convinced that the ultimate aim of king Salman’s measures is to eliminate the Saudi dependency on oil. But is it really? According to leading international experts – the answer is a resounding “no”, with all the arguments to the contrary nothing more than fantasy.

Although initially it seemed that Salman, who came to power after the death of his brother, King Abdullah, will continue his course, after assuming the throne Salman generously spent over 30 billion dollars from the budget on bonuses for civil servants, military personnel, and students. Additionally, prices for basic goods and services, including fuel, electricity and water prices were kept at extremely low levels due to government subsidies from oil revenues. However, due to falling oil prices, under the pressure of such costs the budget started to rupture. The most important thing now for the kingdom is to execute the transition from the extremely lavish social security system to a productive economy, but then the subjects of the king will be forced to cut their costs, and it looks that they do not agree with this notion. And accusations in the imminent economic collapse will go Salman’s way, so it is better for him to leave now, before protests even start.

It is curious that Saudi Arabia has been rather realistic about its budget for the year 2016, since it was based on the average price of oil keeping at the level 29 dollars per barrel. Last year, the Saudi budget deficit amounted to almost 98 billion dollars and the costs were considerably higher than it was originally planed due to bonuses for civil servants, military personnel and retirees. In 2016 the authorities decided to put up to 49 billion dollars into a special fund to provide funding for the most important projects in case oil prices drop even further. But it was Saudi Arabia back in 2014 that proposed new tactics for OPEC, that implied that there would be no cuts in the level of production, the tactics that drove oil prices to today’s levels. So we are to learn pretty soon should Riyadh choose the path of the utter and complete collapse of the kingdom, or the path of giving power to the young and pragmatic technocrats who are going to pursue a comprehensive oil policy. Either way, Saudi Arabia will be forced to put an end to the costly military adventures in Syria and Yemen as well as its confrontations with Russia and Iran.