Re: Hegemony and Control, was "question folks"

Imagine if they would call in teir bets. The Euro has b een falling vs
the dollar, b ut the Europeans still keep oodles ofeservces in $$ in the 
US. if they would transfer some back hok - as wea expected tehy would do 
whebn the Euro came in - the US $ would plummet and the US econ son
after. So why dont they? Good Question.
agfrank
On Mon, 8 May 2000, Dennis R
Redmond wrote:

> Date: Mon, 08 May 2000 15:08:01 -0700 (PDT)
> From: Dennis R Redmond <dredmond@OREGON.UOREGON.EDU>
> To: WORLD SYSTEMS NETWORK <wsn@csf.colorado.edu>
> Subject: Re: Hegemony and Control, was "question folks"
> 
> On Mon, 8 May 2000 ilagardien@worldbank.org wrote:
> 
> > In short, the global ideological and cultural hegemony that the United
> > States established after the Second World War and which we have been 
>told
> > triumphed after the end of the Cold War with the Soviet Union, 
>represents
> > sufficient evidence that ONE COUNTRY may well, "control" the global 
>economy
> > - purely by dint of the global economic order it has established.
> 
> What about the EU banking system, which is the biggest creditor to the
> planet? And what about the fact that the US owes Japan and Europe $2
> trillion and is dependent on $350 billion of foreign money per annum?
> In the good old days, the US could print the money, but the point
> of the euro is to take away this option, right?
> 
> -- Dennis
> 
> 


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
                     ANDRE GUNDER FRANK
          Visiting Professor  of  International Relations       
University of Miami           &         Florida International University  

380 Giralda Ave. Apt 704                Tel: 1-305-648 1906
Miami - Coral Gables FL                 Fax: 1-305-648 0149
USA  33134                              e-mail:agfrank@chass.utoronto.ca 

Personal/Professional Home Page> http://csf.colorado.edu/archive/agfrank/

My NATO/Kosovo Page> http://csf.colorado.edu/archive/agfrank/nato_kosovo/   
    

My professional/personal conclusion is the same as Pogo's - 
            We have met the enemy, and it is US 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~