The Shock Doctrine and the Economic Crisis

Naomi Klein, interviewed by Bob McChesney, on her book the Shock Doctrine with respect to the financial crisis.  Klein goes on to explain her current project, writing a piece on America’s boycott of the UN Durban II review conference on racism, and is critical of the US anti-war movement for ignoring the Israel-Palestine conflict.

Naomi Klein on the Shock Doctrine (52:45): MP3

The American Empire Is Bankrupt

Chris Hedges examines moves by Russia/China to dump the Dollar as a global reserve currency stating that “it marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back.”

I’d also recommend the Michael Hudson article De-Dollarization: Dismantling America’s Financial-Military Empire referred to by Hedges.

This week marks the end of the dollar’s reign as the world’s reserve currency. It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful.

Continue reading “The American Empire Is Bankrupt”