this post was submitted on 14 Feb 2023
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GenZedong

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The IMF can literally conjure any amount of money out of thin air whenever they feel like it wtf how have I never heard about this

And before you ask, yes, almost all money created goes straight into the coffers of western countries instead of to the global south

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[–] knfrmity@lemmygrad.ml 6 points 2 years ago

If you're interested in the whole dollar hegemony structure the book Superimperialism lays it all out. I found it quite slow reading with a lot of economics concepts I wasn't yet familiar with, but I think understanding the underlying structures of US imperialism is quite important.