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 if Chase or Citibank would get a regular deposit from somebody, and make a loan against it, they’d have to keep reserves against it.

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

Whatever you think about them, we need to make this objective observation and determine what it means for left-right dynamics when workers are being intimidated.And that’s this crisis now where the European Commission canceled all of these long-term contracts that it had with Russia for importing gas and also oil from Russia. But it is more than people being willing to hold onto the dollar or its assets, the country’s economic growth is decelerating and has dropped to about 2% – which is 1/2 of what the country grew at the last time it had a balanced budget. But then the point you make is that after the Korean War, when the Cold War began getting hot, and the U.

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

And Australia essentially – it is not well known, but the prime minister actually lives in a basement of the Pentagon in Washington.The monetary system was to ensure that high tariff barriers, competitive currency devaluations, discriminatory trading blocs and the like did not occur. This entry was posted in Free markets and their discontents, The destruction of the middle class, The dismal science on October 14, 2021 by Yves Smith.

Super Imperialism The Economic Strategy of American Empire

In fact, something that Professor Hudson talks about in his book is that one of the main differences, well, one of the several differences – there are many differences between the way he teaches economics and other mainstream economists – is that he actually talks about economic history. Because the entire balance-of-payments deficit in the 1950s and the ’60s and early 70s came from military spending. The policies adopted by governments to combat the Great Depression—high tariff barriers, competitive currency devaluations, discriminatory trading blocs—had contributed to creating an unstable international environment without improving the economic situation.Immediately Herman Kahn hired me to the Hudson Institute and gave a very large grant for me to explain to the government how imperialism was working.

Ultra-imperialism - Wikipedia

The current account deficit/surplus, public deficit/surplus and private deficit/surplus are all tied together and sum to zero. Hudson’s Super Imperialism ( SI) contains the core insight into Hudson’s life work and the mechanism that is destroying the US and global economies and the planet.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. So the result of the United States trying to hurt Russia and make it a dependent has actually forced Russia to become independent in food and immune from the U. Otherwise, we’re going to impose punitive tariffs against you and we’re going to do something you don’t like. Because the cost of your housing is going up, and your salary is going up, but even more than it goes up, you have to pay it for medical care, for housing, for your debt service, and for just the cost of living. You have the Alternative für Deutschland party on the right, and Die Linke, the Left Party, has fallen.