Chronicles - Sovereign Global Majority

Archives

Richard Wolff & Michael Hudson with Nima: Trump WRECKING the US economy

Excerpt from Michael’s short discussion on the modern history of balance of trade:
Other countries are preventing the US from solving its problem of draining money. They say; We will not accept any dollars that are just the monetization of your military spending to surround us with military bases. We’re going to stop the financial bloodstream that is funding your whole new cold war.

This goes beyond only investment in missiles and boats. Other countries are not going to fight a war by invading and America cannot control another country, not even Ukraine, without troops invading it. Missiles is what the next few years of war is going to be all about.