Blog Archives

Escaping the dollar

July 19, 2014
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More at The Real News Is the New BRICS Bank a Challenge to US Global Financial Power? Michael Hudson and Leo Panitch discuss and debate the significance of the new international development bank created by Brazil, Russia, India, China and South Africa – 6 min ago Michael Hudson is a Distinguished Research Professor of...

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Bank for Settlements annual report: Tax labor to pay bondholders.

July 12, 2014
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On Boom Bust we discuss the Bank of International Settlements Report and where the US macroeconomy is heading. Starts about 4 minutes in.

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No to currency slavery

July 10, 2014
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From RT news Western support will allow more IMF and European lending to prop the Ukrainian currency so the Ukrainian oligarchs can move their money safely to British and US banks, economist and author Michael Hudson told RT’s Truthseeker. RT:Could you summarize for us the tried and tested steps that will lead from IMF...

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Ukraine: Bureaucratic Bliss

July 2, 2014
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More at The Real News Transcript WORONCZUK: So, Michael, let’s talk about the economic association agreement that Moldova, Georgia, and Ukraine signed with the E.U. last week. Let’s get a sense of what are the details of the agreement. And how does this differ from–let’s say, in economic terms, from a full-fledged membership with...

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Ukraine’s Gangster State

June 30, 2014
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Hard and fast insights on Ukraine’s land-grabbing, with some frightening developments unfolding. I am interviewed briefly. This could well be another test on how far things can be pushed, building on Latvia. Share this. Transcript This is a rush transcript. Copy may not be in its final form. RT: Nuclear weapons plans in the...

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Tea Party Winners

June 23, 2014
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Why the Tea Party & European Right Are Winning Elections More at The Real News Michael Hudson: There is no real left-wing alternative to the right Bio Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. His two newest books are “The Bubble and Beyond” and “Finance...

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The Economic Crisis & Crisis Theory II

June 13, 2014
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This panel explored causes of the Great Recession and the continuing economic sluggishness since the recession’s ended, as well as how the left can respond to this situation. In keeping with the conference theme, panelists addressed what different analyses and theories imply about the kind of socioeconomic change that is called for. Alan Freeman...

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EU Voters Turn Against Austerity

May 29, 2014
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More at The Real News Reflecting on this topic, I add: The US press and newscasts make it appear that Europeans have voted against poor immigrants and foreigners. What they voted against the super-rich, the oligarchy. The “foreigners” being opposed include the United States insisting on drawing NATO into its wars in Libya,Iraq, Syria...

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QE reduction in time for next speculative kickoff

May 22, 2014
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More at The Real News JESSICA DESVARIEUX, TRNN PRODUCER: It’s been about four years since the financial crash, and the Federal Reserve has been scaling back its program of monthly purchases of government and mortgage bonds. Each month, they’ve tapered off their purchases by $10 billion, and they’re on track for spending $45 billion this...

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EU: nationalism a cover for austerity

May 15, 2014
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The Ukraine sovereignty issue discussed in light of pro-Russian politics vs austerity comforts.

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