The collapse of Silicon Valley Bank and Signature Bank fully confirms the extremely damaging character of the U.S. stimulus policies which were launched to attempt to deal with the economic consequences of the Covid pandemic.
The present global economic situation is largely defined by the by the extremely negative consequences of the U.S. stimulus programs.
These consequences are fully in line with economic theory.
Clarity on these economic issues is crucial.
‘More than 90 percent of the U.S. price rises took place before the Ukraine war.’
The imperialist proxy war in Ukraine and the drive to dramatically increase the rate of exploitation, are objectively linked. A victory for imperialism on either front would strengthen it dramatically, and a defeat would naturally do the opposite.
The facts show clearly that, contrary to propaganda by the United States, it was serious errors in U.S. economic thinking and policy which were the most fundamental factor in destabilising the world economy, not the Ukraine war.
The current inflation was made in Washington. In addition, the people of the United States and other countries are having to sustain the costs of Washington’s new Cold War.
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