Anti-Russian sentiment a resource play diversion

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Welcome to The Real News Network. I'm Jessica Desvarieux in Baltimore. Hundreds of pro-Russian protesters have seized public buildings in Eastern Ukrainian cities. They're demanding referendums to secede from Ukraine in order to become a part of Russia. Ukrainian officials have blamed Putin for this continued unrest, but it should be noted that Ukraine is a major transit route for natural gas exports to Europe from Russia, and now Russia is warning Ukrainian officials that they need to pay back the $2.2 billion debt owed to the Russian natural gas company Gazprom. German and French officials are also working towards a quick implementation of a $14-18 billion International Monetary Fund loan package to the Ukraine. Now joining us to discuss ...

Crimea: Geo-Political Gas

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More at The Real News Who In Ukraine Will Benefit From An IMF Bailout? Economists Michael Hudson and Jeffrey Sommers discuss how provisions in an IMF deal like cuts to gas subsidies and pensions will hurt the average Ukrainian citizens and benefit kleptocrats - March 21, 14 Bio JEFFREY SOMMERS is an associate professor and Senior Fellow of the Institute of World Affairs at the University of Wisconsin-Milwaukee. He is also visiting faculty at the Stockholm School of Economics in Riga. He is co-editor of the forthcoming book The Contradictions of Austerity. In addition to CounterPunch he also publishes in The Financial Times, The New York Times, The Guardian, TruthOut and regularly appears as an expert on global television. Michael ...

Ukraine, Austerity….Again?

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An interview with WBEZ on the one-sided view of economic reform. WBEZ writes: Both the U.S. and the E.U. have pledged aid packages to help Ukraine's new government stabilize the country's economy. The IMF also has a team on the ground in Ukraine, currently analyzing the country's debt crisis. They expect to make recommendations for reforms that are required for Ukraine to secure an IMF loan. But, not everyone agrees that austerity and cuts in wages and government subsidies are good for Ukraine. Michael Hudson, professor of economics at the University of Missouri-Kansas City and author of The Bubble and Beyond, weighs in on the debate.

Monopoly’s Poster Children

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This is the first episode of our new “Alternative Voices” interview series, where we talk to people who give us a different perspective on all manner of topics. Our first guest is Professor Michael Hudson, a research professor of economics at the University of Missouri in Kansas City and the author of two books “The Bubble And Beyond” and “Super Imperialism: The Economic Strategy Of American Empire”. He talks to Greg about austerity in Ireland, how US economic policy has affected Ireland, Europe and the rest of the world as well as how the various political parties in Ireland have mishandled the economic crisis. Without further ado the first episode, along with the transcript and a link to download the ...

Trade Advantage Replaced by Rent Extraction

I was interviewed on the Renegade Economists radio/ podcast entitled Crony Competition on the road to Unearned Income: Prof Michael Hudson gives a wrap on the economics of 2013 as we discuss Detroit, Iceland, Madoff, Marx and Blackstone Capital. Why Comparative Advantage was replaced by Rent Extraction - with Prof Michael Hudson by Renegadeeconomists on Mixcloud Karl Fitzgerald: Our favourite guest, the man that Max Keiser from described as the world’s greatest living economist, yes, Professor Michael Hudson is here to give us a wrap on 2013 and the economic forces that have surrounded us for centuries. How have you actually seen 2013? What’s played out for you in terms of the big trends? Michael Hudson: Oh, the same shrinkage that you’ve seen ...

Extra Economist

Please click on the following link to hear my latest radio interview. In Extraenvironmentalist #67 we discuss the implications of the bursting global credit bubble with economist and historian Michael Hudson. Our conversation covers many of the themes in Hudson’s new book, The Bubble and Beyond which covers the process of quantitative easing, neofeudalism and more. Partial Transcript Justin Ritchie: “There’s a lot of people on the left and the right who are becoming increasingly critical of Quantitative Easing and the question we have is how does it work? What does it mean that the US Federal Reserve is buying these $85 billion dollars each month of assets even though they are talking about tapering now?” Michael Hudson: “Quantitative Easing only has to ...

Global Property Ponzi Policy

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I appear at the 12 minute mark. Max Keiser focuses on the global property ponzi game. The UK housing policy 'Help to Buy' - a 15% underwriting of loans under £600,000 is a technique to re-inflate land prices. A 15% rise will bail out the bad loans UK banks have made. Meanwhile the tax dodging continues globally as property speculation is ignored.