Michael Hudson: Why the U.S. Has Launched a New Financial World World War

michael-hudson.com

Finance is the new form of warfare – without the expense of a military overhead and an occupation against unwilling hosts. It is a competition in credit creation to buy foreign resources, real estate, public and privatized infrastructure, bonds and corporate stock ownership. Who needs an army when you can obtain the usual objective (monetary wealth and asset appropriation) simply by financial means?

via Michael Hudson: Why the U.S. Has Launched a New Financial World World War

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