financial hegemony Quotes

With all that IMF money, the Thailand's and Mexico's are spared the consequences of their fiscal incompetence, and Wall Street's heavy hitters are spared the consequences of their stupid investments. The global economy is a rigged game, rigged so Third World politicians, rich investors and global corporations win - and U.S. taxpayers lose.

After the French Revolution, the world money power shifted from Paris to London. For three generations, the British maintained an old-fashioned colonial empire, as well as a modern empire based on London's primacy in the money markets.

The momentum today behind the idea of a new global reserve currency reflects, in effect, the rise of the rest in world politics and economics, led by China.

Massive concentration of financial power, accompanied by the machinations of finance capital, can as easily de-stabilize as stabilize capitalism.

The Bretton Woods agreement will enthrone a world dictatorship of private finance more complete and terrible than an Hitlerite dream. It offers no solution of world problems, but quite blatantly sets up controls which will reduce the smaller nations to vassal states and make every government the mouthpiece and tool of International Finance. It will undermine and destroy the democratic institutions.

Through exploitation of its influence over global financial affairs, the United States has been able to cover the costs of its hegemonic position, preserve a false domestic prosperity, and mask the consequences of its relative political and economic decline.

The interests of the IMF represent the big international interests that today seem to be established and concentrated in Wall Street.

In this world of ours, a world of powerful centers and subjugated outposts, there is no wealth that must not be held in some suspicion.