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The American Empire self-destructs.

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Message John Zwiebel

Michael Hudson: 

"So I am somewhat chagrined as I watch the speed at which this U.S.-centered financialized system has de-dollarized over the span of just a year or two. The basic theme of my Super Imperialism has been how, for the past fifty years, the U.S. Treasury-bill standard has channeled foreign savings to U.S. financial markets and banks, giving Dollar Diplomacy a free ride. I thought that de-dollarization would be led by China and Russia moving to take control of their economies to avoid the kind of financial polarization that is imposing austerity on the United States. But U.S. officials are forcing them to overcome whatever hesitancy they had to de-dollarize."

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At michael-hudson.com
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I'm a Democrat but I will never again make the mistake of voting for a Corporatist. I proclaim as loudly as I can that I -DO- have the option of voting for "none of the above". You want my vote, address my issues. Don't tell me how bad the other (more...)
 
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