American Exception
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Episode 43: Minding the Darkness, Minding the Light w/Peter Dale Scott (Part 7)
🕑 Added 2022-05-14 19:56:47 +0000 UTCThis is Part 7 of Minding the Darkness, Minding the Light—our oral history series with Professor Peter Dale Scott. He is the iconoclastic poet, historian, and the creator of parapolitics as well as the deep politics approach. Ben Howard also joins us again as we continue talking about issues related to Peter’s early 1970’s article “The Vietnam War and the CIA-Financial Establishment.” Namely, we discuss what Peter was writing about at the time—the balance of payments issue as it related to the Vietnam War, the titans of American high finance, and the CIA. We also get deeper into the historical implications of all this, taking us right up to the present day as US dollar hegemony seems to be tottering under pressure from Russia, China, and the Global South.
Follow Ben on Twitter and check out his latest series on NATO over at TrueAnon: Episode 220: Marathon Men (Part 1)
Special thanks to Casey Moore for the episode art and Dana Chavarria for the sound engineering!
Music: "I Keep Saying So Long" by Mock Orange
Comments
paul hamed
Hudson has got better lately, looked like he had sucumbed to the MMT fad for a while, good to see him back on track.
John McElroy
Any plans for Michael Hudson interview or panel on the future of dedollarization with long term implications to multipolar balance of payment systems?
Titus Polo
incredible
Aaron Good
Yes, they are some of my oldest friends from southern Indiana. And we were raised on 1990's alternative rock: Besides Pavement--Dinosaur Jr., Fugazi, Archers of Loaf, Superchunk, Sunny Day Real Estate...
Jack Rockwood
I dig the opening song. I’m hearing a lot of pavement influence
Aaron Good
Yeah, I'm not sure I was as clear about what I was talking about there as I could have been. As you probably figured out, the point isn't the cheese/dairy industry. It's that the sanctions can be beneficial because they'll force Russia to go for Import Substitute Industrialization (ISI). This is how the US became a great economic power in the 19th century--by manufacturing products that it used to have to import, especially from Britain. It is also something that neoliberal globalization dogma forbids, essentially. But in truth, the more that one's domestic industries can fill the domestic market, the more economic sovereignty a nation possesses--and the less they can be screwed by high finance and other supranational economic forces.
Jon Croteau
Thanks!
Aaron Good
Well, at least FDR did decapitate people who didn't comply. I think my source was the textbook I used when I taught East Asian History. It is a great reference for Chinese/Japanese/Korean history...and of course it has to cover the Mongols: https://www.amazon.com/History-East-Asia-Civilization-Twenty-First/dp/1107544890
Jon Croteau
Thank you for talking about the Fed System! Do you have a recommended resource on Ghengis Khan's banking system? FDR did that also.
Aaron Good
I think the answer is 2. The next one is on the new 9/11 revelations. And I'm trying to get something together soon on Ukraine and US hegemony... But this newest episode does get into areas relevant to the US dollar system that does appear to be crumbling here in 2022.
Matt a
Jeez how many PDS eps you gonna kick out in a row? I didn’t subscribe to hear him for ten hours straight. How about getting into current analysis?
Zachary White
You’re talking about cheese, and I’m about oil. We are not the same lolll
