Posted by seumasach on October 19, 2010
Michael Hudson
11th October, 2010
What is to stop U.S. banks and their customers from creating $1 trillion, $10 trillion or even $50 trillion on their computer keyboards to buy up all the bonds and stocks in the world, along with all the land and other assets for sale in the hope of making capital gains and pocketing the arbitrage spreads by debt leveraging at less than 1 per cent interest cost? This is the game that is being played today.
Posted in Financial crisis | Tagged: End dollar hegemony! | Leave a Comment »
Posted by seumasach on January 12, 2010
Henry C K Liu
12th January, 2010
Merely two years before the end of the first decade of the 21st century, the post-Cold-War world economic order found itself facing its most serious crisis under the weight of unsustainable deregulated debt capitalism created by dollar hegemony. There are clear signs that out of this current crisis a new world economic order will emerge. China is in a promising position to influence this development toward a sustainable, balanced and cooperative world order of global fairness and universal justice.
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Posted in Multipolar world | Tagged: China Economic Rise, End dollar hegemony! | Leave a Comment »
In These New Times 