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The Dollar System and USA
economic reality
It's accepted wisdom that the
United States, despite recent problems, is still the strongest
growth locomotive for the world economy, the pillar of the global
system. What if we were to discover that, instead of being the
pillar, that the United States was, in fact, the heart of a
dysfunctional economic system, which is spreading instability,
unemployment, and depression globally?
No other nation on earth comes near to the commanding
US military superiority in smart bombs, military IT, or in sheer
force capabilities. The US position in the world since 1945, and
especially since 1971, has rested on two pillars, however: The
superiority of the US military over all, and, the role of the
dollar as world reserve currency. That dollar is the Achilles heel
of American hegemony today.
In my view, the world has entered a new, highly
dangerous phase since the collapse of the US stock market bubble in
2001. I am speaking about the unsustainable basis of the very
Dollar System itself. What is that Dollar System? ...
http://www.engdahl.oilgeopolitics.net
How the IMF Props Up the Bankrupt Dollar
System
One of the crucial pillars of support for today's
Dollar System is Washington's control of the International Monetary
Fund, the IMF. The way this actually works is carefully disguised,
behind a facade of technocrats and economic theory of free market
ideology.
In reality, the IMF is a modern era collection agency
for the Dollar Empire. It collects its tribute, through major
international banks, who use the dollars to further extend the
power of American financial and corporate hegemony, in effect the
driving motor of what is globalization...
http://www.serendipity.li/hr/imf
Super Imperialism The Origin and Fundamentals
of USA World Dominance
This new
and completely revised edition of "Super Imperialism" describes the
genesis of America's political and financial domination.
Michael Hudson's
in-depth and highly controversial study of U.S. financial diplomacy
explores the faults built into the core of the World Bank and the
IMF at their inception which -- he argues -- were intended to
preserve the US's financial hegemony. Difficult to detect at the
time, these problems have since become explicit as the failure of
the international economic system has become apparent; the IMF and
World Bank were set up to give aid to developing countries, but
instead many of the world's poorest countries have been plunged
into insurmountable debt crises.
Hudson's critique of
the destructive course of the international economic system
provides important insights into the real motivations at the heart
of these institutions - and the increasing tide of opposition that
they face around the world...
http://www.michael-hudson.com/books/super
The Global Gamble: Washington's Faustian Bid for World
Dominance
Gowan argues compellingly that the process of globalisation has
been relentlessly driven forward by the enormous political power of
the US state and business interests in a highly conscious bid to
extend their strategic dominance over the world economy.
He shows how the international finance system - the 'Dollar-Wall
Street Regime' - created out of the ashes of Breton Woods has been
exploited as a political lever to open up local economies to US
products and speculative flows of 'hot' money, and demonstrates how
each financial crisis over the last ten years has been used by the
Washington-Wall Street axis to force through dramatic economic and
social re-engineering in the targeted countries...
http://www.amazon.com/Global-Gamble-Washingtons-
http://www.marxsite.com/Global%20Gamble2.htm
http://www.iwgvt.org/files/9-gowan.rtf
Confessions of an Economic Hit Man: How USA Uses
Globalization to Cheat Poor Countries Out of Trillions
AMY GOODMAN: It’s good to have you with us.
Okay, explain this term, “economic hit man,” e.h.m., as you call
it.
JOHN PERKINS: Basically what we were trained to
do and what our job is to do is to build up the American empire. To
bring—to create situations where as many resources as possible flow
into this country, to our corporations, and our government, and in
fact we’ve been very successful.
We’ve built the largest empire in the history of the world. It’s
been done over the last 50 years since World War II with very
little military might, actually. It’s only in rare instances like
Iraq where the military comes in as a last resort. This empire,
unlike any other in the history of the world, has been built
primarily through economic manipulation, through cheating, through
fraud, through seducing people into our way of life, through the
economic hit men. I was very much a part of that...
http://www.democracynow.org/2004/11/9/confessions
http://www.democracynow.org/2007/6/5/john
http://www.johnperkins.org
