How we paid for the War on Terror

Re:How we paid for the War on Terror by macroninomics on Monday August 23, 2021 @06:39PM (#28282934)

Michael Hudson's "Super Imperialism: The Economic Strategy Of Imperial America" explains:

"When the US payment deficit pumps dollars into foreign economies, these banks (have) little option except to buy US Treasury bills and bonds which the Treasury spends on financing an enormous, hostile military build-up to encircle (today's) major dollar-recyclers China, Japan and Arab OPEC oil producers" - essentially a process by which they finance their own endangerment.

From https://www.countercurrents.org/lendman010709.htm

Additional links:

https://mronline.org/2021/02/09/michael-hudson-changes-in-su...

https://www.youtube.com/watch?v=PtHX23Trvy4

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Re:How we paid for the War on Terror by 3009629147 on Monday August 23, 2021 @06:51PM (#28283057)

I respect Michael Hudson but he is slightly wrong here. They can also buy U.S. stocks like the Swiss Central Bank does. [1]

[1] https://sec.report/Document/0001582202-21-000003/?__cf_chl_j...

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Re:How we paid for the War on Terror by macroninomics on Friday August 27, 2021 @01:56PM (#28330979)

Yet the Switzerland is still one of the largest foreign of treasury securities: https://ticdata.treasury.gov/Publish/mfh.txt

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