In the context of dollar hegemony, many poorer nations must hold large quantities of American dollars or liquid, dollar denominated assets because they know they will eventually need those dollars to import oil and other essential ‘commodities’.
The world’s two overwhelmingly dominant oil markets, the NYMEX and the IPE, insist that all oil transactions be made in U.S. dollars.
That means that nations such as China, India and Japan, together with those developing nations which lack large oil reserves, must sell goods to earn the dollars necessary to purchase oil.
The central banks of the poorer nations must hold foreign currency reserves in dollars or U.S. Treasury for protection…in case their currency goes down against the dollar.
This is exacerbated if a poor nation is carrying a heavy debt load, owed to the IMF, and denominated in dollars.
This is how i would say it:
The US dollars is in fact the only currency
that can be used…to buy oil
as defended by the US army
if iraq is any indicator
countries will be slow
to switch
the US people behind the US…world…the social scientist call it imperialism…what capitalism is about…new markets and market share…a class struggle…exploiting the planet and the people…was Rand right?
(it doesn’t matter about the ideology)
bringing us closer to anarchism…
(aside)
i don’t identify coinservative,
liberal or New Democratic Party
intentionally…
i don’t believe people believe
they are exporting violence,
yet by the system
they benefit from the system
and are guilty by participation.
Though unadvertised there is choice.
…the rich don’t ask how those behind them are getting on
by living on the surplus user value of the poor…
workers in the world will never be able to buy
the product they produce because of profit .
ie if i make 10 cars for 5 dollars
and the owner sells then for 8
and pays me 4.50 per
I can’t afford to pay eight…
I'm sure Marx explains it better.
***********
i
am flying to Egypt more better
than work 12 hours a day
seven days a week
in a factory
making something
you don’t believe in
which i guarantee
somewhere someone is
capitalism has captured its people,
they have been brainwashed
into thinking they are free…
they have been atomized
and turned on by their own.
Their wages have been cut,
their time has been controlled
*********
a quaker lighting himself on fire
is treated as legend in Vietnam
while causing McMarana grave doubts
almost forgotten for ending the war
the opening…and instigator of bravery
***************
the writers
are propagandists
even for the truth…
which cannot exist
in this fuzzy, fuzzy
night of computer screens
the only communities
the rich and the poor
the middle class got duped
the good guys, the guys
who wanted to believe
who went to war
for the right reasons
who wished for the dream
and tried
but their never
was a dream
the most privilege
even the smart ones die.
me
the poor lonely suburbs
wasting away with out purpose
or glory
or even a benign existence
in small rooms
with electrical devices
the laughter
of a family dinner
a thing of the past.
peace out
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