Ep 229 - Capital Deceit with Paul Gambles

It’s always interesting to get the insights of someone whose job places them near the beating heart of the imperial behemoth. Especially when they’ve begun to pull back the curtain and take a hard look at reality. Paul Gambles lives in Thailand where he specializes in emerging markets with MBMG Group.

Paul and Steve talk about the clarity that MMT provides. The public is kept intentionally misinformed by a mainstream narrative purposely obscuring the power relations of the capital order.

Paul describes capital flight in developing nations and how the US gains and maintains economic control through dollar hegemony, international institutions like IMF, and military aggression. The western system imposes itself on emerging markets as if drawing them into a warm pool of water, a step at a time. Once they are in the system, they find it is shark infested.

The discussion covers conditions that led to the banding together of BRICS to create an alternative pathway to the US-dominated system. Paul warns that western hegemony is not going to surrender easily and is practicing economic terrorism against emerging markets trying to disentangle themselves from dollar hegemony.

“I don't believe that anybody can hand on heart say that there's no connection whatsoever with the BRICS attempts to disentangle themselves from Western commercial, economic, and currency hegemony and the actions that we've seen in terms of American geopolitics in and around the Ukraine and in and around the South China Sea ... I think we're seeing it move into a geopolitical and into a military sphere, and I think that's terrifying.”

Just like old-fashioned colonialism, the US is engaging in a form of value extraction and will use all the means at its disposal to continue the plunder.

Paul Gambles is the Co-Founder of MBMG GROUP and a Director and Chief Investment Officer of MBMG Investment Advisory, a SEC regulated investment advisor. Find Paul’s articles on https://mbmg.substack.com/

@PaulGambles2 on Twitter