Henry C.K. Liu: “World trade is now a game in which the US produces dollars and the rest of the world produces things that dollars can buy.” Liu dates this to Nixon’s breaking of Bretton Woods, but Lord Invader forecasts the coming storm in 1946: the girls in Port-of-Spain “will tell you plainly/They love Yankee money.” Singer states this not as a rebuke of such impossible desires (after all, what is the simple alternative?), but when only the dollar matters, one might hear currency imperialism in action, in the flat notes (little green ones, which leave the Caribbean flat broke).
Read more "“Yankee Dollar” (Lord Invader)"