Connections in Political Economy

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Name and Link Type of Resource Description

Ron Paul. The End of Dollar Hegemony
Before the US House of Representatives, February 15, 2006
Available here
Video of speech available here
and also here, (2 minutes into the recording) Speech by US
Congressman

Du Boff, Richard B. U.S. Hegemony: Continuing Decline, Enduring Danger
Monthly Review December 2003 available
Available here Article

Wallerstein Immanuel. U.S. Weakness and the Struggle for Hegemony
Monthly Review 2003 available
Available here Article

Liu, Henry C K. US Dollar Hegemony Has Got To Go
Asia Times April 2002
Available here Online Article

Goff, Stan. Today's Imperialism - Uniquely American
From The Wilderness Publications 2004
Available here Online Article

Hudson, Michael
Super Imperialism: The Origin and Fundamentals of U.S. World Dominance.
Pluto Press; New Ed edition 2003
For this topic see Introduction and Part III, especially chapter 15.
Link to bookseller
Press release on the above:
How America will get Europe to finance its 2002-03 Oil War with Iraq
available :here
Book "Michael Hudson's Super Imperialism explains how forcing the dollar off gold in 1971 obliged the world's central banks to finance the U.S. balance-of-payments deficit by using their surplus dollars to buy U.S. Treasury bonds, whose volume now exceeds America's ability or willingness to pay. These payments finance the U.S. Government's domestic budget as well. The larger America's balance-of-payments deficit grows, the more dollars end up in the hands of European, Asian and Near Eastern central banks, and the more money they must recycle back to the United States by buying its Treasury bonds, whose interest rates have fallen steadily. Over the past decade American savers have been net sellers of these bonds, putting their own money into the higher yielding stock market, real estate and corporate bonds. Past studies of imperialism have focused on how companies invest in other countries to extract profits and interest. This phenomenon occurs largely via private investors and exporters, and any nation can play this game. But today's newest form of financial imperialism occurs between the U.S. Government and the central banks of nations running balance-of-payments surpluses. The larger their surpluses grow, the more U.S. Treasury securities they are obliged to buy. The new imperialism occurs on inter-governmental account. ".

Duck, Duck, Goose: Financing the War, Financing the World
Counterpunch April 2003
Interview with Michael Hudson available:
here Article / Interview

Hudson, Michael. Poland, the Euro, and the Dollar's Double Standard
Published in Fakt (Warsaw) Sept. 1. 2004
Available here Article

Gary North. Asian Doubts Regarding the Dollar
LewRockwell.com Oct 2004
Available here Online article

David Ludden, 'America's Invisible Empire.
Economic and Political Weekly Vol.XXXIX No.44, Bombay, 30.10.04, pp.4776-77
Available here
and, in similar form, here Article

Name and Link	Type of Resource	Description

Ron Paul. The End of Dollar Hegemony Before the US House of Representatives, February 15, 2006 Available here Video of speech available here and also here, (2 minutes into the recording)	Speech by US Congressman
Du Boff, Richard B. U.S. Hegemony: Continuing Decline, Enduring Danger Monthly Review December 2003 available Available here	Article
Wallerstein Immanuel. U.S. Weakness and the Struggle for Hegemony Monthly Review 2003 available Available here	Article
Liu, Henry C K. US Dollar Hegemony Has Got To Go Asia Times April 2002 Available here	Online Article
Goff, Stan. Today's Imperialism - Uniquely American From The Wilderness Publications 2004 Available here	Online Article
Hudson, Michael Super Imperialism: The Origin and Fundamentals of U.S. World Dominance. Pluto Press; New Ed edition 2003 For this topic see Introduction and Part III, especially chapter 15. Link to bookseller Press release on the above: How America will get Europe to finance its 2002-03 Oil War with Iraq available :here	Book	"Michael Hudson's Super Imperialism explains how forcing the dollar off gold in 1971 obliged the world's central banks to finance the U.S. balance-of-payments deficit by using their surplus dollars to buy U.S. Treasury bonds, whose volume now exceeds America's ability or willingness to pay. These payments finance the U.S. Government's domestic budget as well. The larger America's balance-of-payments deficit grows, the more dollars end up in the hands of European, Asian and Near Eastern central banks, and the more money they must recycle back to the United States by buying its Treasury bonds, whose interest rates have fallen steadily. Over the past decade American savers have been net sellers of these bonds, putting their own money into the higher yielding stock market, real estate and corporate bonds. Past studies of imperialism have focused on how companies invest in other countries to extract profits and interest. This phenomenon occurs largely via private investors and exporters, and any nation can play this game. But today's newest form of financial imperialism occurs between the U.S. Government and the central banks of nations running balance-of-payments surpluses. The larger their surpluses grow, the more U.S. Treasury securities they are obliged to buy. The new imperialism occurs on inter-governmental account. ".
Duck, Duck, Goose: Financing the War, Financing the World Counterpunch April 2003 Interview with Michael Hudson available: here	Article / Interview
Hudson, Michael. Poland, the Euro, and the Dollar's Double Standard Published in Fakt (Warsaw) Sept. 1. 2004 Available here	Article
Gary North. Asian Doubts Regarding the Dollar LewRockwell.com Oct 2004 Available here	Online article
David Ludden, 'America's Invisible Empire. Economic and Political Weekly Vol.XXXIX No.44, Bombay, 30.10.04, pp.4776-77 Available here and, in similar form, here	Article