"Super Imperialism"

"1) Michael Hudson wrote about the economics of running forever deficits and describes it in interesting terms. We've been taught that it was Richard Nixon that removed us from the gold standard August 1971 correct?

2) Well, let's just see how that history lesson stands up to the events at the time. The mechanism that allowed currency to be pegged to a fixed price of gold was the London Gold Pool. It disbanded in 1968. There's that year again.

3) What happened to destroy the gold pool you ask? Well the Vietnam War, of course. We fought a 'war' and had no way of paying for it because unlike WW2 where the entire country went to war and supported the war…"

@ColonelTowner

https://x.com/ColonelTowner/status/1855566224144454062