Home » xyzzy » Dungeon » Modern Monetary Theory (or, how I stopped worrying about the natl debt.)
Re: Modern Monetary Theory [message #97067 is a reply to message #97037] Sun, 15 October 2023 09:15 Go to previous messageGo to previous message
Rusty is currently offline  Rusty
Messages: 1186
Registered: May 2018
Location: Kansas City Missouri
Illuminati (3rd Degree)
Geopolitical poker. That's the game played by the IMF and World Bank. The US arm of the Pentagon. A gauntlet is being thrown down in geopolitical statecraft with China and the BRICS association in the IMF/World Bank quota percentage. The US holds veto power over every other nation to block resolutions not favoring the IMF/World Bank conditions for making loans to countries. With the advent of the BRICS alliance making inroads with financing nations obtaining loans for their needs to create infrastructure and trade opportunity.

Here is a breakdown from Michael Hudson of what this "offer" from the US amounts to. In effect, a poker throw down from the house to the players to abide to the houses loaded deck. Hudson ends with a proposition the Chinese might just take. To further up the ante the US offers.

BRICS and the Belt Road Initiative is a thorn in the US side of making the rules, and breaking them when it suits our needs.

https://michael-hudson.com/2023/10/twice-as-important/
 
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