Juan Velasco Alvarado of the Velasco administration's economic policies is still debated today. As the Peruvian military government ran deeper into debt, it was forced to devalue the currency and run inflationary policies. This however, was in part due to the 1970s Energy Crisis, which also affected Peru and made it impossible for the Velasco administration to fund some of its most ambitious reforms. In foreign policy, in contrast with his 1970s Latin American contemporaries, which were mostly right-wing military dictatorships, he pursued a partnership with the Soviet bloc, tightening relations with Cuba and Fidel Castro and undertaking major purchases of Soviet military
Provisional Revolutionary Government of the Republic of South Vietnam intelligence operatives arrested an influential anti-government organizer, Ba Tra. Ba Tra gave the South Vietnamese government extensive information on anti-government forces working in the city. This setback was compounded by his identification of one of the key cadre in the financial division. Under torture, Ba Tra identified more figures in the underground, who were then arrested. By 1967, the entire Saigon organization had been sent further underground. The Tet Offensive during 1968 triggered a wave of oppression, forcing many people into the jungle. These peoplebusinessmen, middle class, doctors and other professionals started The Alliance. The then-new American president, Richard Nixon,