Foreign Policy in Focus columnist Conn Hallinan discusses the 150+ years of shameful US foreign policy in Latin America since the Monroe Doctrine; how the US is now losing political and economic influence to the BRICS in Central and South America; how Hugo Chavez has reduced demand for IMF predatory loans and the inevitable austerity measures that follow; the laughable “Iran is taking over South America” right-wing talking points; and the Obama administration’s tacit approval of military coups in Honduras, Ecuador and Paraguay.

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