Reply #2: It's happening!

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For the first time the Indian population is becoming politically quite active. They just won an election in Bolivia which is pretty remarkable. There is a huge Indian population in Ecuador, even in Peru, and some of them are calling for an Indian nation. Now they want to control their own resources. In fact, many don't even want their resources developed. Many don't see any particular point in having their culture and lifestyle destroyed so that people can sit in traffic jams in New York.

Furthermore, they are beginning to throw out the IMF. In the past, the US could prevent unwelcome developments such as independence in Latin America, by violence; supporting military coups, subversion, invasion and so on. That doesn't work so well any more. The last time they tried in 2002 in Venezuela, the US had to back down because of enormous protests from Latin America, and of course the coup was overthrown from within. That's very new.

If the United States loses the economic weapons of control, it is very much weakened. Argentina is just essentially ridding itself of the IMF, as they say. They are paying off the debts to the IMF. The IMF rules that they followed had totally disastrous effects. They are being helped in that by Venezuela, which is buying up part of the Argentine debt.

Read all about it here