Thanks Charlie. Perhaps to clarify, i) As to Michael, and Jim - I confirm I agree that inflation is a tool by which to squeeze further the working class; and that it 'cheapens' money thus affecting relatively buyers and sellers of money. ii) Petrodollars came in merely as my temporal marker of the more 'modern era' (it has been superseded now of course) start of the financialisation of the world markets. That became even more 'revved up' by computers and the advent of 'derivative markets'. iii) In that process - it did seem to some observers (I was led to this view, by Gillian Tett former editor FT - "Fool's Gold"; New York; 2008; but also a number of other authors) towards the direction of the blurring of buyer and seller of money. This partly by the rapidity of trading enabled by the technology. I reviewed much of that at: "What is Behind Trump – Is There Method Behind His Madness? Finance Capital and Industrial Capital – An Evolutionary History"; August 18, 2019 https://mlcurrents.net/2019/08/18/trump-finance-capital/ iv) What I do not know how robust that view is today.
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