Debt Deflation Arrives: What the Jump in the U.S. Savings Rate Means

June 30, 2009
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Counterpunch Happy-face media reporting of economic news is providing the usual upbeat spin on Friday’s debt-deflation statistics. The Commerce Department’s National Income and Product Accounts (NIPA) for May show that U.S. “savings” are now absorbing 6.9 percent of income. I put the word “savings” in quotation marks because this 6.9% is not what most...

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How the Financial Reform Plan Protects the Status Quo: Obama's (Latest) Surrender to Wall Street

June 22, 2009
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Counterpunch In reaching across the aisle for Republican support – and no doubt future campaign contributions from the financial sector Pres. Obama is morphing into Joe Lieberman. There also is a touch of Boris Yeltsin in his sponsorship of a financial “reform” ominously similar to what advisor Larry Summers backed in Russia – relinquishing...

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Is this the end financially of the American empire?

June 17, 2009
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Washington cannot call all the shots

June 14, 2009
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Financial Times Challenging America will be the focus of meetings in Yekaterinburg, Russia, on Monday and Tuesday for Chinese President Hu Jintao, Russian President Dmitry Medvedev and other leaders of the six-nation Shanghai Co-operation Organisation. The alliance comprises Russia, China, Kazakhstan, Tajiki stan, Kyrgyzstan and Uzbekistan, with observer status for Iran, India, Pakistan and...

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De-Dollarization: Dismantling America’s Financial-Military Empire

June 13, 2009
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The Yekaterinburg Turning Point Global Research The city of Yakaterinburg, Russia’s largest east of the Urals, may become known not only as the death place of the tsars but of American hegemony too – and not only where US U-2 pilot Gary Powers was shot down in 1960, but where the US-centered international financial...

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Renegade Economist The Michael Hudson Series – Part 5 Public Enterprise

June 3, 2009
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The 5th part in our series – Michael Hudson discusses Public Enterprise can be viewed here.

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On the Edge with Max Keiser

May 29, 2009
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Max Keiser (BBC): Bonds going belly up? Sovereign Debt Crisis (government bonds). Introduction: Part I (Stacy Herbert leads in) Part II (Michael starts at 2:20 min into the video) Part III (Michael Hudson’s conclusion)

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Iceland Under Attack (part 1)

May 21, 2009
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A copy of this file can be downloaded here.

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Gordon Brown spills the beans on the IMF: Make Iceland pay for Incompetent British Bank Deregulation

May 11, 2009
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Counterpunch Last month the G-20 authorized the International Monetary Fund to increase its loan resources to $1 trillion. It’s not hard to see why. Weakening currencies in the post-Soviet states threaten to raise default rates on foreign-currency mortgages as collapse of the Baltic real estate bubble drags down Swedish banks, while the Hungarian property...

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Iceland Under Attack (Part 2)

May 5, 2009
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You can download a copy of this file from here.

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Renegade Economist The Michael Hudson Series – Part 4 Economic Rent

April 27, 2009
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The Michael Hudson Series – Part 4 Economic Rent can be viewed here.

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Renegade Economist The Michael Hudson Series – Part 3 Income Tax

April 17, 2009
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The Michael Hudson Series – Part 3 Income Tax can be viewed here.

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U.S. Military Spending and the up-coming G-20 Meeting

March 29, 2009
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Political Economy Research I am travelling in Europe for three weeks to discuss the global financial crisis with government officials, politicians and labor leaders. What is most remarkable is how differently the financial problem is perceived over here. Its like being in another economic universe, not just another continent. The U.S. media are silent...

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Weekly Talk Show – Renegade Economist

March 28, 2009
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This episode of the Renegade Economist can be view here.

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The Financial Sector: "A House Burning Down"

March 16, 2009
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Ben Bernanke’s False Analogy Global Research On the March 15 CBS show “60 Minutes”, Federal Reserve Chairman Ben Bernanke used a false analogy already popularized by President Obama in his quasi-State of the Union Speech. He likened the financial sector to a house burning down – fair enough, as it is destroying property values,...

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Guns and Butter – "The Way We Were and What We Are Becoming"

March 4, 2009
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Interviewed by Bonnie Faulkner for Guns and Butter on KPFA radio, March 4th, 2009 “The Way We Were and What We Are Becoming” with financial economist and historian, Dr. Michael Hudson. We begin with an analysis of the continuing bailout of insurance giant AIG and Monday’s stock market selloff; price and debt deflation; the...

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Six Minutes with the Renegade Economist

February 27, 2009
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Fred Harrison (Renegade Economist) interviews Michael Hudson You can also download a copy of this interview here.

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The Oracle with Max Keiser

February 27, 2009
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Dr Hudson interviewed on BBC World TV ‘s The Oracle with Max Keiser. Part one Part two Part three

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Finance Capitalism Hits a Wall: The Oligarchs’ Escape Plan – at the Treasury’s Expense

February 17, 2009
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Global Research The financial “wealth creation” game is over. Economies emerged from World War II relatively free of debt, but the 60-year global run-up has run its course. Finance capitalism is in a state of collapse, and a new wave of credit cannot revive it. A quarter to a third of U.S. real estate...

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Robert Kuttner and Michael Hudson on the Obama Administration’s $789 Billion Economic Stimulus Package and $2.5 Trillion Bank Recovery Plans

February 13, 2009
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Interview for DemocracyNow. Audio copy of interview. Transcript Both the House and Senate are set to vote today on the $789 billion economic stimulus package. The vote follows weeks of political wrangling that culminated in compromise legislation struck on Wednesday. The final size of the package is less than what both the House and...

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