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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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.
