ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Neighbours and Borders

FRB have manipulated interest rates and the dollar to bankroll its Himalayan deficits. The dollar's slide over the last decade amounts to a systematic devaluation to meet the demands of a US economy in crisis, although that dirty word has been eschewed. That policy has failed too. Financial markets have not forgotten Nixon's expletive revealed in one of the Watergate tapes: "I couldn't give a shit for the lira".

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