Another Housing Bubble?

TRNN, May 24, 2017. Economist Michael Hudson explains that even though housing prices are back up at 2008 levels homeownership is at a much lower level and banks have their loans guaranteed by the US government SHARMINI PERIES: It's The Real News Network. I'm Sharmini Peries, coming to you from Baltimore. Just prior to the economic collapse of 2007-2008 there were several economic indicators which could have given us a clue of the impending disaster. If we look at the economic situation today in the US, we find many of these very same indicators. Housing prices are getting very high. Credit card debt has begun to rise again. Student loans are in default, many of them, and the stock and bond markets ...

BC Pipeline Poll

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British Columbia May 12 2017 “Why are British Columbians Voting Liberal, Against Their Own Interest?” The Real News Network, May 12, 2017. British Columbia is giving away lumber at .50 cents an acre and the Green Party holds the balance of power at a tipping point on energy policy says Michael Hudson. https://www.youtube.com/watch?v=zBy-zR600zs Dimitri Lascari: This is Dimitri Lascaris for The Real News. On Tuesday of this week the Canadian Province of British Colombia held an election and the result was a nail biter. BC's legislature consists of 87 seats and in order to command a majority, a party must hold a minimum of 44 seats. The provisional results are that the right wing incumbent liberal party, led by BC premier Christy ...

IMF to Greece: Sorry We’ll Destroy You

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Greece Passes New Austerity for New Loans, The Real New Network, May 6, 2017. Bond holders, banks, and IMF bear responsibility for having made irresponsible loans to Greece, so it is not right for them to force yet more austerity on Greece, says Michael Hudson. Sharmini Peries: It's the Real News Network. I am Sharmini Peries coming to you from Baltimore. The European Commission announced on May 2, that an agreement on Greek pension and income tax reforms would pave the way for further discussions on debt release for Greece. The European Commission described this as good news for Greece. The Greek government described the situation in similar terms. ...

Let’s Run Government for Business

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Trump and Kushner say that the government should be run like a business, but that would mean eliminating regulations and expenses that benefit the people says Michael Hudson. KIM BROWN: Welcome to The Real News Network in Baltimore. I'm Kim Brown. Donald Trump promised repeatedly to, "Drain the swamp," during his presidential campaign, his vow to end the cycle of corruption within the Federal government. All while touting his own experience as a businessman, as reason enough for him to be Commander-in-Chief. Yet, his Cabinet appointments and his hand-picked advisors seem to reflect the contrary to draining the swamp, with former hedge fund manager, Steve Mnuchin, as Secretary of the Treasury; former Exxon Mobil CEO, Rex Tillerson, as Secretary of State; and private ...

Democrats “Kompromat”

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Michael Hudson explains that the Senate hearings on Russia are an effort by Democrats to torpedo improvements in Russia-US relations and lack any real evidence of Russian meddling. KIM BROWN: Welcome to The Real News Network in Baltimore. I'm Kim Brown. On Thursday, the Senate Intelligence Committee held its first hearing, as part of an inquiry as to whether or not there was collusion between Russian officials, and the Trump campaign of 2016, along with the subsequent transition team into the White House. There's been a lot of speculation –- a lot of leaks –- coming from the intelligence community, about whether or not Donald Trump and his associates had ...

Bloomberg’s Hit Job on Venezuela – and Me

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I just had a disastrous and embarrassing interaction with Bloomberg, and feel that I was ambushed and sandbagged by having my comments taken out of context in a hit piece Bloomberg’s journalists wrote on Venezuela – evidently trying to distort my own views in a two-for-one job. On Monday, March 27, I received a message from a Bloomberg reporter asking me about a very nice compliment that the President of Venezuela and Secretary General of the Non-Aligned Movement, Nicolás Maduro, had said about me: I was reading one of the greatest American economists, Michael Hudson, I don't know if you know him, I recommend reading his work. He is an economic thinker, worked as an economist for a long time on ...

The Democracy Collaborative

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The Next System Project’s Adam Simpson sat down with renowned economist and economic historian Michael Hudson to discuss economic deceptions old and new. Michael Hudson is Distinguished Research Professor of Economics at the University of Missouri, Kansas City and a prolific writer about the global economy and predatory financial practices. Among his latest books are Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy and its follow-up J is for Junk Economics: A Guide to Reality in an Age of Deception. [soundcloud url="https://api.soundcloud.com/tracks/313811467" params="auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&visual=true" width="100%" height="450" iframe="true" /] The transcript below has been edited for clarity. Adam Simpson: So, Michael, I'm really glad to talk to you today. First, I want to get to know a bit more about ...