US 'neo-imperialist' dollar scheme explained by economist Yanis Varoufakis
Geopolitical Economy Report
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The US Dollar Hegemony Scheme
The global south deficit nations run out of dollars and could not repay Wall Street. That is when the West sent in the bailiffs, the International Monetary Fund. The IMF then forces those governments in the global south to impose neoliberal austerity policies. In a moment here, I'm going to be showing a clip of this very powerful speech that Jan as far as Fakas gave but also just want to give a little credit here. Michael Hudson exposed this scheme back in 1972 after Richard Nixon ended the convertibility of the dollar into gold.
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