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The American Empire Self-Destructs, But Nobody Thought That It Would Happen This Fast
The American Empire Self-Destructs, But Nobody Thought That It Would Happen This Fast Photograph Source: Phil Dolby – CC BY 2.0 Empires often follow the course of a Greek tragedy, bringing about precisely the fate that they sought to avoid. That certainly is the case with the American Empire as it dismantles itself in not-so-slow motion. […]
Economist Michael Hudson Explain Bankers Are Parasites and Not Part of the Real Economy
Economist Michael Hudson Explain Bankers Are Parasites and Not Part of the Real Economy
How the US Wages War to Prop up the Dollar
How the US Wages War to Prop up the Dollar At Counterpunch, Michael Hudson has penned an important article that outlines the important connections between US foreign policy, oil, and the US dollar. In short, US foreign policy is geared very much toward controlling oil resources as part of a larger strategy to prop up the US dollar. […]
Global Warming and U.S. National Security Diplomacy
Global Warming and U.S. National Security Diplomacy Old power station, West Linn, Oregon. Photo: Jeffrey St. Clair. Control of oil has long been a key aim of U.S. foreign policy. The Paris climate agreements and any other Green programs to reduce the pace of global warming are viewed as threatening the aim of dominating world […]
U.S. Economic Warfare and Likely Foreign Defenses
U.S. Economic Warfare and Likely Foreign Defenses Photograph Source: Trending Topics 2019 – CC BY 2.0 Today’s world is at war on many fronts. The rules of international law and order put in place toward the end of World War II are being broken by U.S. foreign policy escalating its confrontation with countries that refrain from […]
De-Dollarizing the American Financial Empire
De-Dollarizing the American Financial Empire Guest: Michael Hudson Economist Michael Hudson continues his discussion of Super Imperialism: The Economic Strategy of American Empire with a focus on US monetary imperialism; President Trump’s demand for lower interest rates undercuts America’s requirement for foreign investment to fund its domestic and balance of payments deficit, increases the carry […]
Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony
Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony The end of America’s unchallenged global economic dominance has arrived sooner than expected, thanks to the very same Neocons who gave the world the Iraq, Syria and the dirty wars in Latin America. Just as the Vietnam War drove the United States off gold by 1971, its […]
Breaking the Chains of Debt: Lessons from Babylonia for Today’s Student Crisis
Breaking the Chains of Debt: Lessons from Babylonia for Today’s Student Crisis Societies have tended to polarize between creditors and debtors since ancient times, but this tendency can and must be reversed. Today, the wealthy depict inequality in glowing colors as a byproduct of economies pulling ahead, “creating wealth” by innovations that add to prosperity. […]
Wasting the Lehman Crisis: What Was Not Saved Was the Economy
Wasting the Lehman Crisis: What Was Not Saved Was the Economy Photo Source futureatlas.com | CC BY 2.0 Today’s financial malaise for pension funds, state and local budgets and underemployment is largely a result of the 2008 bailout, not the crash. What was saved was not only the banks – or more to the point, […]
The “Next” Financial Crisis
The “Next” Financial Crisis Photo source Financial Crisis | CC BY 2.0 In this episode of The Hudson Report, we speak with Michael Hudson about the implications of the flattening yield curve, the possibility of another global financial crisis, and public banking as an alternative to the current system. ‘The Hudson Report’ is a Left […]
For Economic Truth Turn To Michael Hudson
For Economic Truth Turn To Michael Hudson Readers ask me how they can learn economics, what books to read, what university economics departments to trust. I receive so many requests that it is impossible to reply individually. Here is my answer. There is only one way to learn economics, and that is to read Michael […]
“Creating Wealth” Through Debt: the West’s Finance-Capitalist Road
“Creating Wealth” Through Debt: the West’s Finance-Capitalist Road Photo source David Shankbone | CC BY 2.0 Volumes II and III of Marx’s Capital describe how debt grows exponentially, burdening the economy with carrying charges. This overhead is subjecting today’s Western finance-capitalist economies to austerity, shrinking living standards and capital investment while increasing their cost of living […]
Bronze Age Redux: On Debt, Clean Slates and What the Ancients Have to Teach U
Bronze Age Redux: On Debt, Clean Slates and What the Ancients Have to Teach U Photo by Zak Greant | CC BY 2.0 One of the most compelling sequences in the Oscar-winning Inside Job, Charles Ferguson’s indictment of Wall Street’s role in the 2008 global financial meltdown, involved not the banker culprits but their supporting […]
