Re: [A-List] Rep Ron Paul (R-TX) Speech: The End of Dollar Hegemony

["Anne Williamson" <annewilliamson@xxxxxxx>]

Austrian economists have been writing about the hegemon phenomenon of
holding the reserve currency since the early teens and twenties of the 20th
century, and they continued writing about it throughout the 20th century and
- to this day - continue to do so.  Ludwig von Mises, Frederich von Hayek,
and Murray Rothbard all contributed extensively to this scholarship.  None
of which is to demean or diminish the importance of Michael's work - only to
say that this is a rich and complex subject whose ill-effects could be seen
long before Keynes oversaw the new architecture of Bretton Woods.  BTW, Ron
Paul is an Austrian, and he has labored in the fields of exposing the fiat
scam his entire adult life - in fact, Americans owe their freedom to
purchase gold coin to Ron Paul, who worked mightily to undo the outrageous
'crime' of private gold holdings that FDR instituted through legislation in
the 1930s.  I hope all A-Listers, in particular US A-Listers, have or will
take advantage of the opportunity to protect their savings from devaluation
with at least a small holding of gold that Ron Paul worked so hard years ago
to provide the American public. -Anne


> From: Gary Santos <garysantos@xxxxxxxxxxxx>
> Reply-To: The A-List <a-list@xxxxxxxxxxxxxxxxxxx>
> To: The A-List <a-list@xxxxxxxxxxxxxxxxxxx>
> Subject: Re: [A-List] Rep Ron Paul (R-TX) Speech: The End of Dollar
> Hegemony
> Date: Sun, 19 Feb 2006 09:01:15 -0500
>
> I would like to add that Prof. Michael Hudson, Univ of MI, who wrote a
> paper
> in the circa 1971/1972 on post 1971 US balance of payments should be
> credited with the concept of dollar hegemony. My understanding is that the
> paper is available in the NYU Business library. The term he prefers for the
> phenomenon is the "US Treasury Bill Standard" (as in monetary standard). He
> followed up with a book, Super Imperialsim, published in 1972 which,
> two/three years ago, is on its second edition.
>
> http://michael-hudson.com/
>
> ----- Original Message -----
> From: "Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx>
> To: "The A-List" <a-list@xxxxxxxxxxxxxxxxxxx>
> Sent: Saturday, February 18, 2006 11:55 PM
> Subject: Re: [A-List] Rep Ron Paul (R-TX) Speech: The End of Dollar
> Hegemony
>
>
> > When I first used the term on several discussion lists, I was rebuffed
> > by many American economists as being anti-US. I officially coined the
> > term "dollar hegemony" in 2002 on the Internet with an article: US
> > Dollar Hegemony has got to go.
> >  http://www.atimes.com/global-econ/DD11Dj01.html
> >
> > The term now is widely used and its gratifying to see that it has
> > finally made it onto the floor of Congress.
> >
> > Henry C.K. Liu