Muscling Up

(Fox News) - Venezuelan President Hugo Chavez is trying to form a new military alliance against the U.S.

Chavez is calling on Cuba, Bolivia and Nicaragua to help him guard against what he calls an American plan of aggression against him. He says the U.S. is trying to provoke a war between Venezuela and Colombia.

Chavez is also urging his Latin American allies to withdraw billions of dollars in reserves from U.S. banks — and deposit the money in a new development bank launched by his regional alliance.