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-- global central banks "recyl(ing) these dollar inflows (into) US Treasury bonds to finance the federal US budget deficit; and most important (but suppressed in the US media),
-- the military character of the US payments deficit and the domestic federal budget deficit."
The net result is that the global dollar glut finances US corporate takeovers, speculative excesses, reckless spending, foreign wars, hundreds of worldwide bases, and a culture of militarism and belligerence at the expense of democratic freedom, beneficial social change, and human and civil rights.
Today, the world's largest "free lunch....is the ability of the US Treasury to issue (trillions of dollars) in exchange for foreign exports, the sale of foreign companies and real estate to US buyers, (and) US military purchases abroad." They comprise the balance-of-payments deficit that's "free to the extent that foreign central banks recycle (their) surplus dollars into Treasury bonds and other US securities...."
(25) Fast Track Oil Exploitation in Western Amazon
Home to the world's "most biodiverse and intact rainforest," the Western Amazon "may soon be covered with oilrigs and pipelines" since vast parts of it will be opened for oil and gas exploration, "putting some of the planet's most pristine and biodiverse forests at risk, conservationists have warned." Five nations are threatened, including Bolivia, Colombia, Ecuador, Peru, and Western Brazil, in areas called "the lungs of the planet," where the lives of indigenous people are also threatened.
2010 Honorable Mentions
-- Demining Stops in Lebanon - to clear over one million Israeli-dropped cluster bombs during the last days of its 2006 war;
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