The Evil Axis of Finance: The US-Japan-China Stranglehold on the Global Future

March 15, 2012|
The Evil Axis of Finance: The US-Japan-China Stranglehold on the Global Future by Richard Westra
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Why, despite the existence of raft of potential international investment outlets, is a major share of global wealth and savings impelled toward a United States (US) Wall Street-centered casino ? Why has an increasingly gaping chasm crystallized between ever bloating global financial activities and the "real" world economy of production and trade? How is it that wealthy governments'injecting trillions of dollars into stumbling financial sectors across the globe is failing to create one new decent job? This book connects the dots linking the 2008 meltdown--and over a decade of dress rehearsals for it--to a rigged global financial game that is unraveling the very foundations of modernity. This game cemented US international dominance even as it simultaneously attained the status of world's principal debtor economy. In a nutshell, the rigged global game undergirding Axis power is that of dollar seigniorage. The US furnishes international money for the cost of running a printing press while the rest of the world produces goods and services, competing to push wages to the bottom to access those dollars. Select states, predominately Japan and China (though others as well), then store the surpluses they amass in dollar denominated savings.
Title:The Evil Axis of Finance: The US-Japan-China Stranglehold on the Global FutureFormat:PaperbackProduct dimensions:244 pages, 9 X 6 X 0.5 inShipping dimensions:244 pages, 9 X 6 X 0.5 inPublished:March 15, 2012Publisher:CLARITY PRESSLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0932863906

ISBN - 13:9780932863904

Appropriate for ages: All ages

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