The War Nerd is arguing here that the arms that Chavez has been buying, chiefly fighter jets, are massively ill suited to fighting a war against the US and are, instead, designed to build up a body of soldiers he considers more loyal. As such, this purchase suggests he fears his own military more than he does ours.
I think this analysis is strong but I think that it underestimates the degree to which Chavez wants fighter jets for no military reason but rather because modern fighter jets are visibly costly and create a clear impression of a man with money to spend. All of the reasons that Brecher cites for fighter jets being impractical strengthen their value as a visible indicator of his wealth and power.
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