Fmr. Senior CIA and U.S. Treasury Officials on Gaza 6
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mmmmh, maybe he's worried about telling it like it is outright, or he's trying to take it from the mainstream perspective, or maybe I misunderstand him... whatever
divinacomedias 3 years ago
"The term Monetary Hegemony appeared in Michael Hudson's Super Imperalism, which was first published in 1972. Monetary Hegemony describes not only the asymmetrical relationship that the US dollar has to the global economy, but the strictures of this hegemonic edifice that support it, namely the IMF and the World Bank. "
WIKIPEDIA
:)
divinacomedias 3 years ago
"Yi Gang, the assistant governor of the People's Bank of China, said the dollar had to continue as key component of the country's 1.4 trillion dollar reserves because it was "the largest currency that we use" in terms of trade and foreign direct investment as well as financial clearances and settlements."
AFP
divinacomedias 3 years ago
"Dollar hegemony is a geopolitically constructed peculiarity through which critical commodities, the most notable being oil, are denominated in fiat dollars, not backed by gold or other species since then president Richard Nixon took the US dollar off gold in 1971."
Breaking free from dollar hegemony
By Henry C K Liu
divinacomedias 3 years ago
All sorts of complications can be added around the base system, but the source remains the same.
divinacomedias 3 years ago
The money is not borrowed from any NATION! It is borrowed from private banking institutions which emit the money and credits!
divinacomedias 3 years ago
PAUL CRAIG ROBERTS GIVES FALSE INFORMATION AS TO WHO THE CREDITORS ARE IN WAR... THE CREDITORS ARE THE BANKS, SUCH AS MEMBER BANKS OF THE FED, CONCERNING USA. CITIGROUP IS ANOTHER EXAMPLE. States endebt themselves to private banking groups. Imagine a banking group under the same ownership as a Media group, and Weapons manufacturing group, and a Private Contractor group.
I challenge anyone who believes otherwise to demonstrate how USA is mainly endebted to China or Korea!
divinacomedias 3 years ago