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Is the US Planning to Wage War on Russia and China?

January 17, 2019

Is the US Planning to Wage War on Russia and China?

Interview with Prof. Michel Chossudovsky

Listen to the interview with Prof. Michel Chossudovsky below.

This is Guns and Butter.

“The Rand Corporation, on contract with the US Army, which commissioned a report examining a war with China. Now, this is called “War With China: Thinking Through the Unthinkable.” The irony of this is that what they examined in this report is whether “we” could actually win a war on China.

Essentially, this is a simulation of a war between the United States and China and it comes up with the conclusion that we’re going to win it. That’s diabolical and it’s criminal. What has China done to the sovereignty of the United States?”

The study (published in 2015) entitled War with China: Thinking the Unthinkable was commissioned by the US Army. 

I’m Bonnie Faulkner. Today on Guns and Butter, Michel Chossudovsky.

Today’s show: Is the US Planning to Wage War on Russia and China? Michael Chossudovsky is an economist and the Founder, Director and Editor of the Center for Research on Globalization, based in Montreal, Quebec. He is the author of 11 books including The Globalization of Poverty and the New World Order, War and Globalization: The Truth Behind September Eleventh, America’s War on Terrorism and The Globalization of War: America’s Long War Against Humanity. Today we concentrate on the global military agenda, on the evolving restructure of geopolitical alliances, the Nuclear Posture Review, the purpose of the Manhattan Project, and the dangers of nuclear war.

BONNIE FAULKNER: Michel Chossudovsky, welcome again.

MICHEL CHOSSUDOVSKY: Delighted to be on Guns and Butter.

BONNIE FAULKNER: President Trump’s surprise announcement that the US is leaving Syria caught most people in and out of government by surprise and led to the resignation of Secretary of Defense Mattis. Two thousand US troops will be withdrawn from Syria. What is your assessment of this move?

…click on the above link to read the rest of the article…

Rescuing the Banks Instead of the Economy

November 2, 2018

Rescuing the Banks Instead of the Economy

Photo Source Mark Dixon | CC BY 2.0

You can’t bail out the banks, leave the debts in place, and rescue the economy. It’s a zero-sum game. Somebody has to lose. That’s what happened in 2009 when President Obama came in. He invited the bankers to the White House and he said, “I’m the only guy standing between you and the mob with pitchforks,” by which he meant the voters that he was bamboozling. He reassured the bankers. He said, “Look, my loyalty is to my campaign donors not to the voters. Don’t worry; my loyalty is with you.”

I’m Bonnie Faulkner. Today on Guns and Butter, Dr. Michael Hudson. Today’s show: Rescuing the Banks Instead of the Economy. Dr. Hudson is a financial economist and historian. He is president of the Institute for the Study of Long-Term Economic Trend, a Wall Street financial analyst and Distinguished Research Professor of Economics at the University of Missouri, Kansas City. His 1972 book Super Imperialism: The Economic Strategy of American Empire is a critique of how the United States exploited foreign economies through the IMF and World Bank. His latest books are  Killing the Host: How Financial Parasites and Debt Bondage to Ensure the Global Economy and J is for Junk Economics.. Today we discuss how the bank bailouts, not the crash, are killing the economy. Also, the concept of debt deflation, the magic of compound interest, the growth of the financial extraction FIRE sector, quantitative easing, tariffs, economic sanctions and isolationism.

BONNIE FAULKNER: Dr. Michael Hudson, welcome.

MICHAEL HUDSON: It’s good to be back after a few years.

…click on the above link to read the rest of the article…

The Slow Crash: When Global Economies are Run by Banks

June 23, 2016

The Slow Crash: When Global Economies are Run by Banks

I’m Bonnie Faulkner. Today on Guns and Butter, Dr. Michael Hudson. Today’s show: The Slow Crash. Dr. Hudson is a financial economist and historian. He is President of the Institute for the Study of Long-Term Economic Trends, a Wall Street financial analyst and Distinguished Research Professor of Economics at the University of Missouri, Kansas City, as well as at Peking University. His 1972 book, Super-Imperialism: The Economic Strategy of American Empire, is a critique of how the United States exploited foreign economies through the IMF and World Bank. His latest book is Killing the Host: How Financial Parasites and Debt Destroy the Global Economy. Due out soon, “J Is for Junk Economics.” Today we discuss in detail the concept of debt deflation; housing, student loan and automobile debt; the oil market; the stock market; negative interest rates; currencies; and the shrinking real economy.

Bonnie Faulkner: Michael Hudson, welcome.

Michael Hudson: It’s good to be here again, Bonnie.

Bonnie Faulkner: You have indicated that as a result of United States and European debt deflation, there is an economic slowdown. First of all, how would you define deflation?

Michael Hudson: There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they’ve run up – to pay their mortgage debt, to pay the credit card debt, to pay student loans.

Today, people are having to spend so much of their money, to acquire a house and to get an education that they don’t have enough to spend on goods and services, except by running into yet more debt on their credit cards and other borrowings.

…click on the above link to read the rest of the article…

The New Global Financial Cold War

February 19, 2016

The New Global Financial Cold War

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The Guns and Butter Interview

Suppose a country owes money to another nation’s government or official agency. How can creditors collect, unless there’s an international court and an enforcement system? The IMF and the World Bank were part of that enforcement system and now they’re saying: ‘We’re not going to be part of that anymore. We’re only working for the U.S. State Department and Pentagon. If the Pentagon tells the IMF it’s okay that a country doesn’t have to pay Russia or China, then now they don’t have to pay, as far as the IMF is concerned.’ That breaks up the global order that was created after World War II. The world is being split into two halves: the U.S. dollar orbit, and countries that the U.S. cannot control and whose officials are not on the U.S. payroll, so to speak.

Dr. Michael Hudson.  is a financial economist and historian. He is President of the Institute for the Study of Long-Term Economic Trends, a Wall Street financial analyst and Distinguished Research Professor of Economics at the University of Missouri, Kansas City. His 1972 book, Super Imperialism is a critique of how the United States exploited foreign economies through the IMF and World Bank. His latest book is Killing the Host: How Financial Parasites and Debt Destroy the Global Economy. Today we discuss his article, “The IMF Changes Its Rules to Isolate China and Russia.”

Bonnie Faulkner: Michael Hudson, welcome. It’s been far too long since we’ve last spoken.

Michael Hudson: Well, it’s good to be back. Last time we were together was in Italy.

Bonnie Faulkner: That’s right, Rimini, Italy. What year was that?

…click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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