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The Oligarchs’ Escape Plan – at the Treasury’s Expense by Prof. Michael Hudson February 17, 2009 The financial “wealth creation” game is over. Economies emerged from World War II relatively free of debt, but the 60-year global run-up has run its course. Finance capitalism is in a state of collapse, and marginal palliatives cannot revive it. The U.S. economy cannot “inflate its way out of debt,” because this would collapse the dollar and end its dreams of global empire by forcing foreign cou Related Posts

Capitalism: A True Love Story (Forbes)Housing affordability hits the wall (The Age)Wall to Wall Street Coverage: Upgrades and Downgrades (Minyanville via Yahoo! Finance)Housing affordability hits the wall (Brisbane Times)