Saturday, April 29, 2006

American Hegemony




















America really has only two real strengths, the Pentagon and the Paper Dollar Bill.

After decades of manipulative foreign and economic exploitation of impoverished nations around the world, The United States has no true allies or much political capital left. For decades the U.S. has employed clever economists and political operatives posing as representatives of private corporations to hornswoggel desperately poor nations to borrow money from the World Bank and International Monetary Fund (both of which are in reality fronts for U.S. foreign policy) to build expensive and fairly worthless infastructure for their countries. The have built dams, highways, housing, ports, airports, highrise buildings, as well as investing in worthless public programs that do nothing but waste money. All the while the U.S. sits back, fat and happy, as these desperatly poor countries must repay these 'loans' at a principle and loanshark interest rates that would make Tony Soprano blush with envy. Buzzards have more compassion. Foreign countries owe so much money that they are crippled in their ability to build their nation and deliver a better standard of living to their people. (Confessions of an Economic Hit Man)

The world knows that the United States isn't in the business of exporting 'Democracy", despite what that fool in the White House says and what half the American people believe. The U.S. is in the business of World Hegemony coupled with outrageous profit taking. We are the 800lb gorrilla doing what we please.

To spread and maintain this hegemonic domination we either employ our military to threaten or kill and we use the paper dollar as economic handcuffs, in the form of reserve currency, to control, influence, or dominate foreign nations (
THE NAKED HEGEMON, Part 1: Why the emperor has no clothes, Andre Gunder Frank).

"...The United States is the world's most privileged nation for having the monopoly privilege of printing the world's reserve currency at will and at a cost of nothing but the paper and ink it is printed on. Moreover, by doing so, Uncle Sam can export abroad the inflation he generates by the extra dollars he prints, of which there are already at least three times as many floating around the world as at Uncle Sam's home. Additionally, his is also the only country whose "foreign" debt is mostly denominated in his own world-currency dollars that he can print at will; while most foreigners' debt is also denominated in the same dollar, but they have to buy it from Uncle Sam with their own currency and real goods..." (Frank)

If you are skeptical of our dominance, just ask yourself this, "Would any other country on this planet be able to get away with owing Trillions of dollars to other countries and refuse to pay it back?" Not bloody likely, mate.


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