Strange you don't hear about these things on Bloomberg or on CNBC. Buy Google it's hot.
Marc Authier | 03.31.06 - 7:49 pm | #

i dont know what to say of this:

http://www.atimes.com/atimes/Mid...t/ HC10Ak01.html
As Michael Hudson explains in his brilliant and too-little-studied work Super Imperialism, the perverse genius of the US global dollar hegemony was the realization, in the months after August 1971, that US power under a fiat dollar system was directly tied to the creation of dollar debt. The US debt and the trade deficit were not the "problem", they realized. They were the "solution".

The US could print endless quantities of dollars to pay for foreign imports of Toyotas, Hondas, BMWs or other goods in a system in which the trading partners of the United States, holding paper dollars for their exports, feared a dollar collapse enough to continue to support the dollar by buying US Treasury bonds and bills. In fact in the 30 years since abandoning gold exchange for paper dollars, the US dollars in reserve have risen by a whopping 2,500%, and the amount grows at double-digit rates today.
blackpanther | 03.15.06 - 10:16 am | #