picture: Tilo Gräser / Sputniknews Germany An interview on Sputnik News - January 23rd. text / interview: Alexander Boos / Sputniknews Germany Professor Hudson, in January you warned in Berlin at the Rosa Luxemburg Conference, about the still "dangerous" US financial imperialism. The US uses "financial weapons“, you said. Can you explain that briefly? After World War II, the US created the World Bank and the International Monetary Fund IMF. These instruments were created as essential control mechanisms to control other countries financially. This became particularly apparent after the US abolished its gold-standard in 1971. Since then, the US has always sought to force other states to hold their own currency reserves in US dollars. That means that those governments must then obtain the money through the US Federal Reserve. To make it ...
