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Michael Hudson's "Super Imperialism: The Economic Strategy Of Imperial America" explains: "When the US payment deficit pumps dollars into foreign economies, th
by macroninomics 5y ago
Michael Hudson's "Super Imperialism:
The Economic Strategy Of Imperial America" explains:
"When the US payment deficit pumps dollars into foreign economies, these banks (have) little option except to buy US Treasury bills and bonds which the Treasury spends on financing an enormous, hostile military build-up to encircle (today's) major dollar-recyclers China, Japan and Arab OPEC oil producers" - essentially a process by which they finance their own endangerment.
From https://www.countercurrents.org/lendman010709.htm https://www.countercurrents.org/lendman010709.htm
Additional links:
https://mronline.org/2021/02/09/michael-hudson-changes-in-super-imperialism/ https://mronline.org/2021/02/09/michael-hudson-changes-in-su...
https://www.youtube.com/watch?v=PtHX23Trvy4 https://www.youtube.com/watch?v=PtHX23Trvy4
- 3009629147 5y agoI respect Michael Hudson but he is slightly wrong here. They can also buy U.S. stocks like the Swiss Central Bank does. [1] [1] https://sec.report/Document/0001582202-21-000003/?__cf_chl_jschl_tk__=pmd_ii6lmHcIZE0op5_M1UZNmOSSWExwbxXQ5lAVgyoHT.k-1629758865-0-gqNtZGzNAjujcnBszQal https://sec.report/Document/0001582202-21-000003/?__cf_chl_j...
- macroninomics 5y agoYet the Switzerland is still one of the largest foreign of treasury securities: https://ticdata.treasury.gov/Publish/mfh.txt https://ticdata.treasury.gov/Publish/mfh.txt