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Showing posts with the label U.S. Dollar

The Rambouillet Ultimatum In Retrospect

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The original headquarters of Radio Televizija Srbije (RTS) in Belgrade, Serbia. The building was hit with a missile on April 23, 1999 during NATO's 78-day air bombing raid of Yugoslavia; 16 employees were killed during the attack. To this day, and as pictured above, the building remains the same as it was on the day it was fire-bombed. If there is one thing that the late Slobodan Milosevic should regret, it is agreeing to travel to Rambouillet in the first place for the U.S.-led "peace talks" and "negotiations" that took place between February 6, 1999 and March 22, 1999. He of course rightfully rejected the terms of the Rambouillet ultimatum and, as he mentioned in a personal conversation with his defense lawyer Christopher Black, told the United States to "go fuck themselves" (sic). The terms were completely abhorrent and objectionable because they essentially were tantamount to blackmailing Yugoslavia (or whatever was left of it) into opening ...

The Global Hegemony of the U.S. Dollar, a Brief History

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Since the United States entered into the Second World War considerably late, it did not suffer as much damage or casualties as other countries had. It also helped that its geographical location kept its cities from suffering the infrastructural damage seen across cities in Europe and Asia. This, in part, helped the American Empire to replace the British Empire (although Britain is still an imperial power) as the global hegemon, especially when the American economy took less time to recover in comparison. And so began the all-conquering march of the U.S. Dollar, undoubtedly the American Empire’s most powerful expression of its global domination and global monopoly. As per requirements during WWII, most of Europe under a war economy had to import its consumer goods. The United States, which had yet to enter into the War, was readily available to trade consumer goods with Europe for gold; and it had done the same in the First World War, to which it was also a latecomer. In other word...