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Michael Hudson: De-dollarizing may collapse the U.S. financial empire
12:15a ET Saturday, July 13, 2019
Dear Friend of GATA and Gold:
Nobody dissects the mechanisms of U.S. dollar imperialism as well as the economist and historian Michael Hudson, a professor of economics at the University of Missouri at Kansas City.
In an interview with Bonnie Faulkner posted Friday at the Naked Capitalism internet site, Hudson describes how the dollar has managed to control the world financial system with the United States being a massive creditor nation as well as being a massive debtor nation. But, Hudson adds, President Trump's trade wars and economic sanctions are driving the world away from the dollar and away from using U.S. Treasuries for their savings and back to gold as the means of settling trade.
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The interview is headlined "Michael Hudson: De-Dollarizing the American Financial Empire" and it's posted at Naken Capitalism here:
https://www.nakedcapitalism.com/2019/07/michael-hudson-de-dollarizing-th...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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