Russian TV, the G20 and US dollar diplomacy

November 10, 2010
By

Michael was interview on Russian TV yesterday by Lauren Lyster. Watch the 10 minute clip here.

There is no possibility of agreement at the upcoming G20 summit because the U.S. is declaring financial war on other countries, believes American economist Michael Hudson.

The U.S. has been pushing China to revalue its currency – at a time when Washington has been pumping billions of dollars into its economy – a move viewed by other countries as an attempt to deliberately weaken the greenback.

The issue of exchange rates is expected to be one of the toughest discussion points at the G20 summit in South Korea later this week.

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