I'm John Batcher with the professor from the U.S. Army of War College, who's the man on the spot, because we have the Trump administration through Mr. Besant, announcing a new economic Monroe Doctrine in the Americas.

What does it mean? Well, the old Monroe Doctrine, you can look at the waters between

Venezuela and Puerto Rico. You can look at a base called Rosie Rhodes, Roosevelt Roads in Puerto Rico,

basing an operation that looks at the scale ready to take on the planet Mars. That's the old Monroe Doctrine, gunboats.

The new economic Monroe Doctrine announced by the Secretary of the Treasury

is to back up currencies in Argentina

and to support candidates who see capitalism as an opportunity, not as a threat.

Now, two big economies, Brazil and Mexico,

and then an economy that has been a very good friend to the United States over many decades,

over centuries, Colombia. Professor, is there any movement there given the success in Argentina?

It's a great question, John. Brazil, although certainly social market economy with a large state role, is at least in dollar terms, or I should say,

in Raiis terms, the state in which China is most heavily invested. As a matter of fact, roughly

40% of all PRC investment over recent years has gone to Brazil.

When you look at Brazil, about 80% of all Brazilian soy exports are right now go to China.

Indeed, a lot of the soy that China stopped buying from U.S. farmers, it actually turned to Brazil to make up the difference.

In addition, of course, Brazilian

meat exports, the Chinese are very heavily invested in Brazil's mineral sectors, including

strategic minerals like Niobium with a China-dominated company called CBM. You have your heavy

Chinese involvement in four major Brazilian port operations, as well as iron and steel infrastructure, as well as telecommunications infrastructure, even financial infrastructure.

Some of the smart cities programs with respect to the, especially the states in the northeast, are, again, areas where Chinese companies like Huawei are very dominant.

And so Brazil, long has had a heavy state role in the economy and a heavy bureaucracy.

But when we look at the concept of, again, what the Secretary of best would call a Monroe Doctrine,

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