Super Imperialism - New Edition: The Origin and Fundamentals of U.S. World Dominance

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And the economic system, as I said, is one of finance-centered oligarchy, as opposed to a government promoting rising living standards and technology, and increasing our productivity.

Super Imperialism: The Economic Strategy of American Empire. Super Imperialism: The Economic Strategy of American Empire.

Can you talk about how essentially the U.S. helped to collapse the Sterling Area? And for people who don’t know, explain what the Sterling Area is, how the U.S. helped to collapse that. They said, wait a minute, the United States is treating us as if we’re Germany; it treated us as if we’re the defeated party in World War Two. Are we really going to go along with this? and Forgive Them Their Debts: Lending, Foreclosure and Redemption From BronzeAge Finance to the Jubilee Year, New York: ISLET, New York. The pipeline is all there. All they have to do is open the pipeline, and the price of gas will come down. So now Europe has a huge shortage of gas and oil, and they’re of course blaming Russia, and they’re doing all the typical things that they do.So obviously, Russia is thinking, well, it can now sell all the gas that it wants to China. At some point, it’ll decide, if Europe doesn’t want to buy our gas, if it’s not going to open the Nord Stream Two pipeline.

Super Imperialism - Bitcoin Magazine The End Of Super Imperialism - Bitcoin Magazine

Keynes, J M (1943): “Proposals for an International Clearing Union,” White Paper given to British Government in April. You’re going to have financial planners take over the planning, and they’re going to do it with the corporations as a means basically of subduing, of squeezing out more and more of a surplus out of the people who produce it, labor, basically, and other countries that produce raw materials. By using this service, you agree that you will only keep content for personal use, and will not openly distribute them via Dropbox, Google Drive or other file sharing services MICHAEL HUDSON: Well, in 1944 and 1945, it was apparent that the war was going to be over, and the United States had gained power since World War One, essentially by staying out of war and by building up its own industry. years ago, every company would have enough inventory on hand so that if there was an interruption in its imports, in its raw materials, in the supplies that it needs, it has enough to get by.

Henry George did not have a theory of value and price, and without that you don’t have a concept of economic rent. MICHAEL HUDSON: Well, the World Bank ideally was supposed to make loans for other countries to earn dollars. In other words, so they could buy American exports of things. But the most central element of American diplomacy for the last 80 years has been to promote U.S. farm exports.

Super Imperialism: The Origin and Fundamentals of U.S.

Then came Wednesday, 14 August. For no obvious reason, the 30 Year US Treasury bond yield dropped to its historical low below 2%. If you looked for a novelty, this was a novelty for sure. What was not novel was that on the same day, the spread between the 10-year and 2-year US Treasury yields went below zero. This spread is another measure of the US yield curve inversion (Öncü 2019). It has happened many times before, but the last time it happened was in the summer of 2007. When this inversion happens, many commentators start screaming, “recession.” Whether such an inversion signals recession or not is immaterial. If the market believes it does, it becomes a self-fulfilling prophecy. And what’s interesting is the Washington Post did a story about this book. Here’s the Washington Post article; it’s titled “An unlikely winner in the U.S. trade war: A French businessman’s book about his battle with the DOJ.” And here’s the translation of The American Trap.Kautsky noted that before the war while industrial accumulation had continued, exports had dropped as a result of a tendency of industry to expand out of proportion to agriculture. He pointed out that growing nationalism in the more industrially advanced colonies would necessitate a continuation of the arms race after the war and that should this occur, economic stagnation would worsen. [6] We have one power. We don’t have economic power. We don’t have productivity. We don’t have competitive power. But we can destroy you, and we’re willing to destroy you, because otherwise we’re going under. And they were getting a free lunch through the Sterling Area and the Franc Area in the following way: England’s colonies had to do their banking in England. They had to keep the savings in England. The government had to keep all of its revenues in England.