How America Makes Money Without Paying
Please Support Michael's work via his Patreon page and read the full transcript at michael - hudson dot com. Michael Hudson explains how U.S. balance-of-payments accounting masks real money flows—military spending, “foreign aid,” transfer pricing, and rentier gains—letting America earn without paying. Alongside his host Karl Fitzgerald, they unpack dollar hegemony, GDP fictions, and what BRICS must do to break free. Trade deficits = military expenditure, but don't tell anyone!
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