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“The Exorbitant Privilege” — The Monetary Architecture of Empire
This article examines that architecture of US Debt and Finance. What it is, how it was built, what it enables, and why it is no longer working the way its designers intended. The military empire traced throughout this series could not exist without the monetary system that finances it. Understanding that system is the precondition for understanding both the power the United States has exercised over three generations and the limits it is now beginning to encounter.
May 338 min read
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