You are here
Alex Gladstein: The end of super-imperialism
The historian Michael Hudson put the U.S. government's anti-gold policy into its full imperialistic context almost 50 years ago.
* * *
By Alex Gladstein
Bitcoin Magazine, Nashville, Tennessee
Wednesday, November 10, 2021
In 1972, one year after President Richard Nixon defaulted on the dollar and formally took the United States off of the gold standard for good, the financial historian and analyst Michael Hudson published "Super Imperialism," a radical critique of the dollar-dominated world economy.
The book is overlooked by today's economic mainstream and puts forward a variety of provocative arguments that place it outside of the orthodoxy. However, for those seeking to understand how the dollar won the money wars of the past century, the book makes for essential reading.
... Dispatch continues below ...
... ADVERTISEMENT ...
Buy, Sell, or Store Precious Metals with Money Metals Exchange
Money Metals Exchange, a national bullion dealer recently named "Best Overall" by Investopedia.com --
https://www.moneymetals.com/
-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.
Shop online with Money Metals Exchange here --
https://www.moneymetals.com/buy
-- or by calling 1-800-800-1865.
Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:
https://www.moneymetals.com/depository
Hudson's thesis comes from the left-leaning perspective -- the title inspired by the German Marxist phrase "überimperialismus" -- and yet thinkers of all political stripes, from progressives to libertarians, should find value in its approach and lessons.
In "Super Imperialism," Hudson -- who has updated the book twice over the past 50 years, with a third edition published just last month -- traces the evolution of the world financial system, where U.S. debt displaced gold as the ultimate world reserve currency and premium collateral for financial markets.
How did the world shift from using asset money in the form of gold to balance international payments to using debt money in the form of American treasuries? ...
... For the remainder of the review:
https://bitcoinmagazine.com/culture/bitcoin-replacing-us-super-imperialism
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
