{"id":99826,"date":"2021-03-30T15:57:42","date_gmt":"2021-03-30T15:57:42","guid":{"rendered":"https:\/\/popularresistance.org\/?p=184148"},"modified":"2021-03-30T15:57:42","modified_gmt":"2021-03-30T15:57:42","slug":"in-quest-of-a-multi-polar-world","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2021\/03\/30\/in-quest-of-a-multi-polar-world\/","title":{"rendered":"In Quest Of A Multi-Polar World"},"content":{"rendered":"

Fifty ago, I wrote\u00a0Super Imperialism\u00a0about basically how America dominates the world financially and gets the free ride.<\/p>\n

I wrote it right after America went off gold in 1971, when the Vietnam War, which was responsible for the entire balance of payments deficit, forced the country to go off gold. And everybody at that time worried the dollar was going to go down. There\u2019d be hyperinflation. And what happened was something entirely different.<\/p>\n

Once there was no gold, America strong-armed its allies to invest in U.S. Treasury bonds because their central banks don\u2019t buy companies. They don\u2019t buy raw materials. All they could buy is other central bank\u2019s treasury bonds. So, all of a sudden, the only thing that other people could buy with all the dollars coming in were U.S. Treasury securities.<\/p>\n

The post In Quest Of A Multi-Polar World<\/a> appeared first on PopularResistance.Org<\/a>.<\/p>\n\n

This post was originally published on PopularResistance.Org<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"

Fifty ago, I wrote\u00a0Super Imperialism\u00a0about basically how America dominates the world financially and gets the free ride.
\nI wrote it right after America went off gold in 1971, when the Vietnam War, which was responsible for the entire balance of payment…<\/p>\n","protected":false},"author":1557,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16164,5722,16165,13065,7988],"tags":[],"_links":{"self":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/99826"}],"collection":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/users\/1557"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=99826"}],"version-history":[{"count":1,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/99826\/revisions"}],"predecessor-version":[{"id":99827,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/99826\/revisions\/99827"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=99826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=99826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=99826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}