US economic imperialism in what ... 10 odd tweets? It's brilliant with nice little factoids scattered everywhere. Who is this person? Caveat, I haven't opened any of the tweets themselves but may do so later ..
I found many of the logical connections too hard to follow to be really informative. Just one example (the first one):
In the years that followed, US budget deficits began to grow as a result of the massive military spending it was using to violently suppress burgeoning struggles for national sovereignty around the world, which were seen as obstacles to US capital expansion into foreign markets.
When this ballooning trade deficit caused gold to begin flowing back to Europe, the US broke the dollar-gold link in ’71. At the time, no country was willing to call the US’s financial bluff, since crashing the dollar would have devastated the export industry in surplus countries
- I can understand why war leads to a budget deficit. But not a trade deficit.
on March 15, 2023, 4:08 am