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Update 2 (2:30pmET): This should answer our question whose side the local military/policy is.

• *PERU POLICE DETAIN PRESIDENT PEDRO CASTILLO: COMERCIO

Update (1:50pmET): 

• *PERU CONGRESS APPROVES IMPEACHING PRESIDENT PEDRO CASTILLO
• PERU'S VICE PRESIDENT REJECTS ON TWITTER CASTILLO'S DECISION TO "PERPETRATE THE BREAKDOWN OF THE CONSTITUTIONAL ORDER WITH THE CLOSURE OF CONGRESS"

* * *

It turns out the US is not the only banana republic out there: moments ago, Peru President Pedro Castillo announced the dissolution of congress and called for legislative elections to draft a new constitution hours before an impeachment debate, greatly escalating a political crisis and putting the Latin American nation’s democracy under threat.

“We took the decision of establishing a government of exception toward reestablishing the rule of law and democracy,” Castillo said in a televised speech Wednesday, adding that the incoming congress will draft a new constitution within nine months. “From today and until the new congress is established, we will govern through decrees.”

Castillo's move was met with nationwide protests and outrage by the Peruvian constitutional court which called the dissolution of Congress a coup, and said that Castillo is no longer president. Meanwhile, the Congress - which apparently did not get the memo that it has been dissolved - started the Castillo impeachment session early, and will most likely vote to remove the president...

To read more visit Zero Hedge.

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