Posted by seumasach on July 15, 2019
Interview with Michael Hudson
Guns and Butter
7th July, 2019
Economist Michael Hudson continues his discussion of Super Imperialism: The Economic Strategy of American Empire with a focus on US monetary imperialism; President Trump’s demand for lower interest rates undercuts America’s requirement for foreign investment to fund its domestic and balance of payments deficit, increases the carry trade and turns IMF and World Bank policies on the US; analysis of US economic domination of the world from its position as the world’s largest creditor post-WWI; analysis of US economic domination of the world from its position as the world’s largest debtor after the 1971 close of America’s gold window; emergence of the dollar-debt standard; how war has bankrupted the US; the difference between imperialism and super imperialism; US bribes foreign governments; China’s banking system; China and Russia stockpile gold as the world breaks out of dollar domination.
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Posted in Currency Wars, Uncategorized | Tagged: de-dollarisation, decline of dollar, End of empire, gold standard | Leave a Comment »
Posted by seumasach on August 27, 2018
Alastair MacLeod
Mises Institute
22nd August, 2018
Last week’s collapse of the Turkish lira has dominated the headlines, and it is widely reported that this and other emerging market currencies are in trouble because of the withdrawal of dollar liquidity. There are huge quantities of footloose dollars betting against these weak currencies, as well as commodities and gold, on the basis the long-expected squeeze on dollar liquidity is finally upon us.
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Posted in Currency Wars | Tagged: Chinese soft power, de-dollarisation, demise of dollar, dollar, End of empire, Russian diplomacy | Leave a Comment »
Posted by seumasach on June 21, 2018
Strategic Culture
18th June, 2018
The US Treasury Department report for April published on June 15 revealed that Russia sold $47.4 billion out of the $96.1 it had held in Treasury bonds (T-bonds). In March, Moscow cut its Treasury holdings by $1.6 billion. In February, Russia reduced its bond portfolio by $9.3 billion. Other holders did it too. Japan sold off about $12 billion, China liquidated roughly $7 billion. Ireland ditched over $17 billion.
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Posted in Uncategorized | Tagged: de-dollarisation, decline of dollar, dollar collapse, End of empire, new global financial architecture, new global financial system, petro-yuan | Leave a Comment »
In These New Times 