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Why No Means Yes

July 6, 2015
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Greece Rejects the Troika. Where Do We Go From Here? Just after 7 PM Greek time on Sunday, I was told that the “No” vote (Gk. Oxi) was winning approximately 60/40. The “opinion polls” showing a dead heat evidently were wrong. Bookies across Europe are reported to be losing their shirts for betting that...

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Greece: On Behalf of Europe …

June 30, 2015
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Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of The Bubble and Beyond and Finance Capitalism and its Discontents. His most recent book is titled Killing the Host: How Financial Parasites and...

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Resisting Financial Conquest

June 30, 2015
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As published on Counterpunch Back in January upon coming into office, Syriza probably could not have won a referendum on whether to pay or not to pay. It didn’t have a full parliamentary majority, and had to rely on a nationalist party for Tsipras...

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Greek Asset Stripping Similarities

June 27, 2015
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A presentation at the Delphi Initiative.

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Fed Cornered

June 15, 2015
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JESSICA DESVARIEUX, PRODUCER, TRNN: Welcome to The Real News Network. I’m Jessica Desvarieux in Baltimore. So the big question in the world of economics is whether or not the Federal Reserve will raise interest rates and end their bond buying program known as quantitative...

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Global Financialization 2015 – The state of play

June 12, 2015
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Cross-posted from The Saker The Saker: We hear that the Ukraine will have to declare a default, but that it will probably be a “technical” default as opposed to an official one. Some say that the decision of the Rada to allow Iatseniuk to...

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Pawns for Pickings

June 11, 2015
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cross posted from The Nation Ukraine Is In Crisis. Here’s Why the West Can’t Save It. A video roundtable explains why the IMF, Europe, and Western corporations don’t have the country’s best interests at heart. Alexander Reed Kelly June 9, 2015 A Ukrainian national...

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Greek Debtline

May 29, 2015
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SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to the Michael Hudson Report on The Real News Network. I’m Sharmini Peries coming to you from Baltimore. The Euro is slipping against the dollar, and the European financial markets are in flux, expecting Greece to fail on...

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Ukraine Labor Dares Operation Vulture

May 28, 2015
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Ukraine’s collapse since the February 2014 coup has become an umbrella for grabitization. Collateral damage in this free-for-all has been labor. Many workers are simply not getting paid, and what they actually are being paid is often illegally low. Employers are taking whatever money is...

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TPP Sovereignty Challenge

May 28, 2015
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SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network. I’m Sharmini Peries coming to you from Baltimore. The Senate just approved the fast-track legislation in Washington, and with me to discuss this is Michael Hudson. He’s joining me from New York City....

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Sovereignty in the Ancient Near East

April 25, 2015
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Prof Michael Hudson on the Ancient Near East by Renegadeeconomists on Mixcloud 04/01/2015 An interview on the new book – Labor in the Ancient World, the latest in our series on the Ancient Near East, co-edited with Piotr Steinkeller. Support our work by buying a...

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Odious Debts

March 23, 2015
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Europe Tilts East Towards China (2/2), TRNN, March 22, 2015. SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome back to The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. This is segment two with Michael Hudson on the Asian Infrastructure Investment Bank, a...

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Institutional Discontent

March 22, 2015
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Europe Tilts East Towards China (1/2) Michael Hudson Report: Britain, German, France and Italy are among those who joined Asian Infrastructure Investment Bank in an expression of their discontent over World Bank polices that force developing countries to depend on the US – March...

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Updated edition – The Bubble and Beyond

March 19, 2015
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The updated edition of THE BUBBLE AND BEYOND, a chronicle of the on-going post-2008 financial collapse, is now available. It makes plain where money goes versus where it might go – and ought to go. Included: A NEW INDEX, a LIST OF 47 EXHIBITS...

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W-Z: Watered Stock to Zero-Sum

March 16, 2015
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Parts W – Z in the Insider’s Economic Dictionary War: Economically, the major cause of national debt and inflation, and often of postwar deflations. Politically, war serves as an excuse to centralize control of government in the hands of the few, and in the...

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The IMF Emptier

March 16, 2015
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A Boom Bust interview on the pros and cons of the ECB’s quantitative easing and Ukraine’s bailout. The interview starts at 14.15.

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QE Intentions All Too Obvious

March 11, 2015
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“Quantitative Easing for Whom? TRNN, March 11, 2015. The European Central Bank’s trillion euro plan will only help keep the banks afloat. SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. In an effort...

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Greece: Austerity for the Bankers

February 24, 2015
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Michael Hudson says Greece’s Finance Minister Varoufakis is proposing austerity on the banking class rather than on the working class to balance the budget. SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. The...

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U-V: Usury to Vested Interests

February 24, 2015
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Parts U-V in the Insider’s Economic Dictionary Underdevelopment: The term coined by Andre Gunder Frank to describe the policies which former European colonies and more contemporary third-world countries have been turned into indebted raw-materials exporters rather than balanced economies capable of feeding themselves. (See...

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T is for Trickle-Down

February 19, 2015
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Part T in the Insider’s Economic Dictionary Tableau Économique: The first formal national-income account, developed by the Physiocrat Francois Quesnay on the analogy of the circulation of blood within the human body. (See Economist, Say’s Law.) Taxation: The way in which a government gives...

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