‘The Unspeakable Death of the Almighty Dollar’ – Ramblin’ News No.3
Channel: ramblinactivist
Date: 2023-05-17

Ramblinactivist’s Videos, 2023/14, Last Quarter Flower Moon 2023.

For some months the ‘specialist’ media have been tracking a major structural change in the world’s economy brought-on by the Ukraine War: Not the well-publicised crisis of food or energy prices; but of who controls the world’s financial payments system, and its use to enforce Western sanctions. Yet for some reason, the rest of the mainstream news just doesn’t seem interested in the consequences of this for every citizen of the affluent West.

As someone who has spent an unreasonably long amount of time protesting outside American military and intelligence sites, it’s always been clear to me that American power isn’t primarily cultural, or military: It’s economic. More importantly, it’s the power of the American state to make dollars ‘unobtainable’ – to ration people’s access to ready cash – which forces compliance to American hegemonic control.

It was the economic effects of the Vietnam War which broke the Bretton Woods system in 1971. Today it is the failure of neoliberalism and globalisation which are breaking the global trade system – creating a multi-polar world which reorders the world trade and finance systems.

For the referenced script goto:
http://www.fraw.org.uk/blog/ramblin/2023/003.shtml

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http://www.fraw.org.uk/blog/ramblin/index.shtml

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Chapters:
00:00 Opening titles;
00:30 Introduction;
00:59 Western hegemony, and sanctions;
03:19 From ‘Bretton Woods’ to ‘Belt & Road’;
06:20 Unequal exchange;
08:52 Conclusion;
10:07 Closing credits.

#degrowth #consumption #economics #economicgrowth #ukrainewar #china #usa #eu #sanctions #conflict