What I don’t get is that all that is not a new discovery. Why it took so long for countries to react to?
Max Keiser: “Economic advisors are getting together as you know and the Indian prime minister has said that “The major part of Indian reserves are in dollars — that is something that’s a problem for us”. As a former economic advisor to governments and presidential candidates yourself, what are your thoughts on the statement coming out of India, the dollar is after all one of this magical money machines.”
Michael Hudson (author, president of The Institute for the Study of Long-Term Economic Trends): “Well India said that as just a week or two ago it met with China and Brazil and Russia in Yekaterinburg to decide “Let’s draw a line and not have any more dollars” so this follows the […] meeting in Yekaterinburg and the decision to say “Wait a minute we are all financing the US treasury and the US treasury is turning that money over to the Pentagon to build military bases around us so if we don’t accept more dollars they are going to attack us We are not going to finance the military surrounding us to force us to accept yet more dollars. We are going to stop the process right now”, and they are stopping the process and they say no more and they realize that the American military machine and the whole empire is based on the ability to produce pure paper and get real resources and to run a huge deficit, largely military since the Korean wars of over fifty years ago and it’s a free lunch and what they are saying is that the free lunch is over.”
Source, third video, minute 5.40
Dr. Paul Graig Roberts: “[…] Countries like China, Japan and OPEC – the oil producing countries – are financing the American wars in the Middle East and the American efforts to destabilize other countries. I am absolutely convinced the Americans will attempt to destabilize China, they’ll try to destabilize Russia, they are destabilizing former constituent parts of the old Soviet Union […] with military bases and the rest of the world is financing that.
So what you say is true, at some point people have to wonder why we are we giving up real goods and services so Americans could conduct wars? […]”
Source, minute 4.40
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