Re: Hegemony and Control, was "question folks"

Dear Prof. Frank, WSN,

This reminds me of something a wise banker once said: "If you owe the bank 
ONE
MILLION dollars, you are in truoble;  but if you owe the bank ONR HUNDRED 
MILLION
dollars, the bank is in trouble".   Time might have changed, however, if we 
up the
ante, change the ONE MILLION to read ONE BILLION and ONE HUNDRED MILLION to 
read
ONE TRILLION, we will get the picture...

K.S.Tso

Gunder Frank ¼g¤J¡G

> 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
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~