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-- set the terms;
-- issue diktats;
-- pressure, bribe or otherwise cajole or force governments to acquiesce; and
-- burden working households with higher unemployment, wage and benefit cuts, higher taxes, and other austerity measures to assure financial predators profit - always at their expense, forcing once prosperous nations to surrender sovereignty to financial oligarchs, ruling world economies like fiefdoms.
Hudson said European central planning concentrated financial power in "non-democratic hands" from inception under European Central Bank (ECB) dominance. Operating like a financial czar over its 17 Eurozone members, it:
-- "has no elected government (to) levy taxes;
-- (t)he EU constitution prevents (it) from bailing out governments," unlike the Fed able to monetize US debt in limitless amounts; and
-- "the IMF Articles of Agreement also block it from giving domestic fiscal support for budget deficits," saying:
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