Blog Archives

Why Greece’s Debt is Illegal

July 11, 2015
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  Capitalism and Government Debt at Odds in Greece (1/2) Michael Hudson says unlike personal and corporate debt, there is no legal framework for writing off government debt, so there is deliberate anarchy in place –   July 10, 2015   SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to the Real News Network. I’m Sharmini...

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EU Infrastructure Undermines Sovereignty

July 8, 2015
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The Financial Attack on Greece: Where To From Here? The major financial problem tearing economies apart over the past century has lain more with official inter-governmental debt than with private-sector debt. That is why the global economy today faces a similar breakdown to 1929-31, when it became apparent that the volume of official inter-government...

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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 Debt Bondage Destroy the Global Economy. William K. Black, author...

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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 to become prime minister. (That party balked at cutting back...

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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 easing. Chair Janet Yellen will give a quarterly economic and...

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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 chose whom to pay is already such a “technical default”....

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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 flag flutters in the wind at a position held by...

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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 its 1.6 billion Euro repayment due to the International Monetary...

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