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(March 1998).
Financial Times (August 20, 2004);
Chris Gaffney, “Waiting on the 15. H.C. K. Liu, op. cit.
Numbers,” Daily Reckoning (August 16. Michel Chossudovsky, “The Curse
11, 2006). of Economic Globalization,” Mon-
etary Reform On-line (fall/winter
Chapter 22 1998-99).
1. William Engdahl, A Century of War Chapter 23
Insurance Corporation, History of
the 80s, Volume I, Chapter 5, “The 1. Rachel Douglas, et al., “The Fight to
Bring the American System to 19th
LDC Crisis,” fdic.gov (2000).
Century Russia,” Executive Intelli-
2. W. L. Hoskins, et al., “Mexico: Policy
gence Review (January 1992).
Failure, Moral Hazard, and Market
2. Anton Chaitkin, “The ˜American
Solutions,” Cato Policy Analysis,
System™ in Russia, China, Germany
cato.org (October 10, 1995); “Mexican

504
Web of Debt

Chapter 24
and Japan: How Henry Carey and the
American Nationalists Built the
1. John Weitz, Hitler™s Banker (Great
Modern World,” American Almanac
Britain: Warner Books, 1999).
(May 1997).
2. Stephen Zarlenga, The Lost Science
3. G. Edward Griffin, The Creature
of Money (Valatie, New York:
from Jekyll Island (Westlake Village,
American Monetary Institute, 2002),
California: American Media, 1998),
pages 590-600.
chapter 13.
3. Matt Koehl, “The Good Society?”,
4. Rachel Douglas, et al., “The Fight to
rense.com (January 13, 2005).
Bring the American System to 19th
Century Russia,” Executive Intelli- 4. S. Zarlenga, op. cit., page 590.
gence Review (January 3, 1992). 5. Ibid., pages 591, 595-96.
5. “History: Bank of Russia,” 6. Henry Makow, “Hitler Did Not
www.cbr.ru (2005). Want War,” savethemales.com
6. G. E. Griffin, op. cit., chapter 13; (March 21, 2004).
Robert Wilton, Russia™s Agony (1918) 7. Henry C. K. Liu, “Nazism and the
and the Last Days of the Romanovs German Economic Miracle,” Asia
(1920). Times (May 24, 2005).
7. G. E. Griffin, op. cit., pages 287-88. 8. Stephen Zarlenga, “Germany™s 1923
8. “History: Bank of Russia,” op. cit. Hyperinflation: A ˜Private™ Affair,”
Barnes Review (July-August 1999);
9. G. E. Griffin, op. cit., pages 292-93.
David Kidd, “How Money Is
10. Srdja Trifkovic, “Neoconservatism,
Created in Australia,” http://
Where Trotsky Meets Stalin and
dkd.net/davekidd/politics/
Hitler,” Chronicles (July 23, 2003);
money.html (2001).
Martin Kelly, “NeoCons and the Blue
9. S. Zarlenga, “Germany™s 1923
Bolsheviks,” Washington Dispatch
Hyperinflation,” op. cit.
(September 24, 2004); “Alex Jones
Interviews Jude Wanniski,”
Chapter 25
prisonplanet.tv (February 2, 2005).
11. S. Trifkovic, op. cit. 1. William Engdahl, A Century of War
(New York: Paul & Co., 1993), page
12. “History: Bank of Russia,” op. cit.
235.
13. “Alex Jones Interviews Jude
2. Professor Thayer Watkins, San Jose
Wanniski,” prisonplanet.tv (Febru-
State University Economics Depart-
ary 2, 2005).
ment, “What Happens When a Paper
14. Wayne Ellwood, “The Great
Currency Fails?”, www.2.sjsu.edu.
Privatization Grab,” New Interna-
3. W. Engdahl, op. cit., pages 239-41.
tionalist Magazine (April 2003).
4. Ibid., page 236.
15. Mark Weisbrot, “Testimony Before
5. Albero Benegas Lynch, “The Argen-
the House of Representatives
tine Inflation,” libertyhaven.com
Committee on Banking and Financial
(1972).
Services on the International
Monetary Fund and Its Operations in 6. Carlos Escud , “From Captive to
Russia,” http:// Failed State: Argentina Under
financialservices.house.gov/ Systemic Populism, 1975-2006,” The
banking/91098ppp.htm (September Fletcher Forum of World Affairs
10, 1998). (Tufts University, Summer 2006).

505
Endnotes

7. Dennis Small, “Argentina Proves,” 4. William Engdahl, A Century of War
Executive Intelligence Review (New York: Paul & Co., 1993), page
(February 8, 2002). 229.
8. Larry Rohter, “Argentina™s Economic 5. Ibid.
Rally Defies Forecasts,” New York 6. Chalmers Johnson, “How America™s
Times (December 23, 2004). Crony Capitalists Ruined Their
9. “Argentine Peso,” Answers.com; Rivals,” Los Angeles Times (May 7,
“Banco Central de la Republica 1999).
Argentina,” Wikipedia.org; “Tucking 7. Mark Weisbrot, “Testimony Before
in to the Good Times,” the House of Representatives
Economist.com (December 19, 2006). Committee on Banking and Financial
Services on the International Mon-
10. “Tucking in to the Good Times,”
etary Fund and Its Operations in
ibid.
Russia,” http://
11. Jorge Altamira, “The Payment to the financialservices.house.gov/
IMF Is Embezzlement Committed banking/91098ppp.htm (September
Against Argentina,” Prensa Obrera 10, 1998).
no. 929 (2005).
8. Michel Chossudovsky, “The Curse of
Economic Globalization,” Monetary
12. Ibid.; Cynthia Rush, “Argentina,
Reform On-line (fall/winter 1998-99).
Brazil Pay Off Debt to IMF,” Execu-
tive Intelligence Review (December 9. Ibid.
30, 2005); Dennis Small, “˜Vulture
10. Martin Khor, “Malaysia Institutes
Funds™ Descend on Dying Third
Radical Exchange, Capital Controls,”
World Economies,” Executive
Third World Network,
Intelligence Review (October 10,
www.twnside.org.
2003).
11. “World Bank Reverses Position on
13. “Bags of Bricks: Zimbabweans Get Financial Controls and on Malaysia,”
New Money “ for What It™s Worth,” Global Intelligence Update Weekly
The Economist (August 24, 2006); Analysis (September 20, 1999).
Thomas Homes, “IMF Contributes to
Zimbabwe™s Hyperinflation,” Chapter 27
newzimbabwe.com (March 5, 2006).
1. Bill Ridley, “China and the Final
14. Henry C. K. Liu, “China, Part 2: War for Resources,” gold-eagle.com/
Tequila Trap Beckons China,” Asia editorials (February 9, 2005).
Times (November 6, 2004).
2. Lee Siu Hin, “Journey to My Home “
Hong Kong and China: Rediscover-
Chapter 26
ing the Meaning of Labor Activism,
Being Chinese and Chinese National-
1. Kathy Wolfe, “Hamilton™s Ghost
ism,” actionla.org (April 2004).
Haunts Washington from Tokyo “
Excerpts from the Leaders of the 3. Michael Billington, “Hamilton
Meiji Restoration,” Executive Influenced Sun Yat-Sen™s Founding of
Intelligence Review (January 1992). the Chinese Republic,” Executive
Intelligence Review (January 1992);
2. Ibid.
“Sun Yat-Sen,” reference.com (2005).
3. Chalmers Johnson, “On the Japanese
4. Jiawen Yang, et al., The Chinese
Threat,” Multinational Monitor
Currency: Background and the
(November 1989).

506
Web of Debt
Current Debate (GW Center for the www.edc.ca (April 4, 2007).
Study of Globalization, George 14. Keith Bradsher, “From the Silk Road
Washington University). to the Superhighway, All Coin Leads
5. “The People™s Bank of China: Rules to China,” The New York Times
and Regulations,” www.pbc.gov.cn (February 26, 2006).
(December 27, 2003); “Japan Nation- 15. Henry C. K. Liu, “China, Part 2:
alizes, While China Privatizes,” Tequila Trap Beckons China,” Asia
RIETI, rieti.go.jp/en/miyakodayori/ Times (November 6, 2004).
072.html (June 25, 2003); Chi Hung
16. Henry C. K. Liu, “Nazism and the
Kwan, “Will China™s Four Major
German Economic Miracle,” Asia
Banks Succeed in Going Public?,”
Times (May 24, 2005).
China in Transition, rieti.go.jp/en/
17. Henry C. K. Liu, “Crippling Debt
china (August 31, 2004); Henry C K
and Bankrupt Solutions,” Asia Times
Liu, “The Wages of Neoliberalism,
(September 28, 2002).
Part III: China™s Internal Debt
Problem,” Asia Times (May 28, 2006). 18. David Fuller, “Taking the Bull by the
Horns,” The Daily Reckoning
6. C. H. Kwan, op. cit.; “Central Bank,”
(October 4, 2005); Mike Shedlock
Wikipedia.
(Mish), “Global Savings Glut
7. Henry C K Liu, “Banking Bunkum,
Revisited,” http://
Part 1: Monetary Theology,” Asia
globaleconomicanalysis.blogspot.com
Times (November 2, 2002).
(December 26, 2006).
8. Henry C K Liu, “The Wages of Neo-
19. B. Ridley, op. cit.
Liberalism, Part 1: Core Contradic-
tions,” Asia Times (March 22, 2006).
Chapter 28
9. Greg Grillot, “The Mystery of Mr.
Wu,” The Daily Reckoning (May 10, 1. “Commanding Heights: The Battle
for the World Economy,” pbs.org
2005).
(2002).
10. Henry C. K. Liu, “The Global
2. William Engdahl, A Century of War
Economy in Transition,” Asia Times
(New York: Paul & Co., 1993), pages
(September 16, 2003).
140, 161.
11.Susanna Mitchell, “China Today--
3. The Research Unit for Political
Restructuring the Iron Rice Bowl,”
Economy, “India as ˜Global Power,™”
JubileeResearch.org (July 9, 2003); He
Aspects of India™s Global Economy ,
Qinglian, “China Continues to rupe-india.org (December 2005).
Borrow Despite Heavy Debt,” Epoch
4. Wayne Ellwood, “The Great
Times (November 8, 2005).
Privatization Grab,” New Interna-
12. John Mauldin, “The Yield Curve,” tionalist Magazine (April 2003).
gold-eagle.com (January 7, 2006).
5. Vincent Ferraro, et al., “Global Debt
13. Gary Dorsch, “The Commodity and Third World Development,” in
˜Super Cycle,™” and “The Commodity Michael Klare et al., eds., World
Super Cycle Goes into Extra In- Security: Challenges for a New
nings,” financialsense.com (January Century (New York: St. Martin™s
30 & April 24, 2006); William Buckler, Press, 1994), pages 332-35.
“The Week the Bottom Fell Out,” The
6. H. Caldicott, “First World Greed and
Privateer (March 2006); Stephen
Third World Debt,” in If You Love
Poloz, “China™s Trillion Dollar Nest
This Planet (New York: W.W.
Egg,” Export Development Canada ,
Norton, 1992).
507
Endnotes

5. Catherine Austin Fitts, “The Ameri-
7. Henry C K Liu, “How the U.S. Will
Play China in the New Cold War,” can Tapeworm “ Debt Up, Equity
Asia Times (April 18, 2002). Down & Out,” Scoop, scoop.co.nz
(May 1, 2003); Chris Sanders, “Where
8. Achin Vanaik, “Cancel Third World
Is the Collateral?”, scoop.co.nz
Debt,” The Hindu, hindu.com
(October 28, 2003).
(August 18, 2001).
6. Citizens for Tax Justice, “New Data
9. Christian Weller, Adam Hersh, “Free
Show Growing Wealth Inequality,”
Markets and Poverty,” American
ctj.org (May 12, 2006).
Prospect (January 1, 2002).
7. Jeff Gates, “Ten Ways That
10. “Indian Banking “ Introduction,”
Neoliberals Redistribute Wealth
asiatradehub.com (2006).
Worldwide,” Radar (July 2001);

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