New US Foreign Policy Objectives in Latin America

Hang on to your petro-dollar partners because your economy depends on them. See Michael Hudson's blog post Managed Democracy?

 

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POV Interview with José Rafael Vilar, who's a real bundle of laughs! Maybe he's just having a bad day.

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NO es desdolarización: la verdadera razón por la que los BRICS están creando nuevos sistemas de pago. 3:41 Cómo Sudáfrica se está liberando de la dependencia económica occidental mediante la autonomía estratégica. También (26:00) El arma secreta de Sudáfrica: Por qué es el cuarto socio comercial más importante de África.

 

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Back to the DEA and lethal kinetic engagement: 

When Obama and Brennan were doing this sort of thing from the West Wing of the White House, sometimes the people on the receiving end of drone strikes were previous associates of Brennan in his role at the CIA.

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Michael Hudson on the Balance of Payments Illusion

53:20 My question would have been "You mentioned how US dollar loans can effectively fund capital flight. Can you talk a bit about how the balance of payments of foreign governments affects their ICRG/CRI/CRC investment risk ratings, particularly how the US foreign aid equation feeds into that?"

55:21 He talks about how BRICS member countries can restructure their economies to avoid becoming tenants of foreign landlords. Basically they're going to have to tax foreign investment. How are they going to be able to do that when they're desperate for that investment?

1:01:07 Chinese Central Bank monetary policy.

1:17:43 Chinese trade surplus. 

1:24:39 Fictitious economies in the USA and the UK.

The problem with industrial capitalism is that treats natural resources as having no value and money as having value. The result is that over time such economies grow until they reach the point where they have no available natural resources and all the money. At that point the money becomes worthless and the only thing that matters are the natural resources. But the money is not tied to any one country, and the natural and human resources are.

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Here's his interview with Glenn Diesen:


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