Saturday, June 7, 2008

The End of U.S. Imperialism?


The far reaching financial crisis which began in August 2007, Horne contends, encourages the foreign creditors of the U.S. to turn their dollars into “investment funds” to in effect acquire U.S. assets. This in a truly remarkable role reversal leads to U.S. private firms being controlled by foreign governments.

Read the whole story here...

No comments:

Post a Comment

Please note: This blog contains the personal opinions, views, thoughts, and ramblings of editors of Political Affairs magazine and friends and should not be interpreted as the official political or editorial views of the publication or its publisher. Please, avoid abusive, hateful, racist, sexist, homophobic, anti-Semitic, xenophobic, anti-working class language in your comments. Otherwise, your comment will be deleted.