N-L:26017] Re: RE: Re: Re: Re: Protectionism US style
>
>
> Devine, James:
>
> > Ulhas writes:>Why does the world continue to accept debt payment in
> dollars?
> > I remember De
> > Gaulle refusing dollars and demanding payment in gold in '60s.<
> &g
Romain Kroes wrote:
> Ulhas Joglekar wrote:
> How would Luxemburgism explain this phenomenon?
>
> In this matter, Luxemburgism postulates an organic relationship between
> imperialism and capital accumulation process. Current "Globalization" is
> verifying it.
My question was about the nature of
Devine, James:
> Ulhas writes:>Why does the world continue to accept debt payment in
dollars?
> I remember De
> Gaulle refusing dollars and demanding payment in gold in '60s.<
>
> because the U.S. is the most powerful country in the world and in the era
> since 1971-73, money based on political-m
Ulhas Joglekar wrote:
> Why does the world continue to accept debt payment in dollars? I remember
De
> Gaulle refusing dollars and demanding payment in gold in '60s.
During the second half of 19th century, England, because of her
systematically negative balance of trade, had invented the "balanc
Ulhas writes:>Why does the world continue to accept debt payment in dollars?
I remember De
Gaulle refusing dollars and demanding payment in gold in '60s.<
because the U.S. is the most powerful country in the world and in the era
since 1971-73, money based on political-military power has replaced
Romain Kroes wrote:
> I have already answered this pertinent question. The asymmetry is due to
the
> status of dollar as the wolrld account unit of debt. So that the USA are
the
> only ones paying their debt with their debt.
Why does the world continue to accept debt payment in dollars? I remembe
Michael Perelman wrote:
> deficits => high interest rates => strong dollar.
I propose another algorithmic system:
1.
USA's trade deficit )
+) ==> strong dollar
Dollar as account unit of debt)
2.
Hardening elasticity between grow
