The Coming European Debt Wars

April 7, 2010
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Government debt in Greece is just the first in a series of European debt bombs that are set to explode. The mortgage debts in post-Soviet economies and Iceland are more explosive.  Although these countries are not in the Eurozone, most of their debts are denominated in euros. Some 87% of Latvia’s debts are in...

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Max Keiser interview on Obama-care

April 6, 2010
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Michael Hudson interviewed on Max Keiser’s On The Edge (Part 1)

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Keiser re Economic Suicide (pt2)

April 6, 2010
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More with Max Keiser on the economic malaise policy makers are pursuing…

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Hudson on Housing

March 26, 2010
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As seen on Fred Harrison’s website…

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Wall Street Moves In for the Kill

February 17, 2010
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Wall Street’s War Against Main Street America Former Treasury Secretary Hank Paulson wrote an op-ed in The New York Times yesterday (Feb. 16) outlining how to put the U.S. economy on rations. Not in those words, of course. Just the opposite: If the government hadn’t bailed out Wall Street’s bad loans, he claims, “unemployment...

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Latvia’s Neoliberal Madness

February 16, 2010
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World Economic Crisis: Latvia’s Neoliberal Madness You Think Greece Has Problems? Latvia’s Road to Serfdom By Prof. Michael Hudson and and Prof. Jeff Sommers While most of the world’s press focuses on Greece (and also Spain, Ireland and Portugal) as the most troubled euro-areas, the much more severe, more devastating and downright deadly crisis...

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The Bernanke Disaster: Be Afraid; Be Very Afraid

February 2, 2010
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Deepening Debt Crisis: The Road to Debt Peonage If the economy deteriorates in the L-shaped “hockey-stick” rut that many economists forecast, what political price will President Obama and the Democrats pay for having returned the financial keys to the Bush Republican appointees who gave away the store in the first place? Reappointing Federal Reserve...

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Obama’s Junk Economics

February 1, 2010
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Democrats Say “Bye” to Populist Option In a dress rehearsal for this November’s mid-term election, Democrats and Republicans vied last week for who could denounce the banks and blame the other party the most for the giveaways to Wall Street that have swollen the public debt since September 2008, pushing the federal budget into...

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Which Economy is Obama Talking About?

January 26, 2010
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Myths of Recovery Counterpunch The State of the Union address is in danger of purveying the usual euphemisms. I expect Obama to brag that he has overseen a recovery. But can there be any such thing as a jobless recovery? What has recovered are stock market averages and Wall Street bonuses, not disposable personal...

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On the Eve of the State of the Union

January 25, 2010
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Will Obama Put Muscle Into the White House’s New Populist Play? Counterpunch At stake now is President Obama’s credibility as an agent for change. Voters see his main “change” thus far to have been favoritism to Wall Street. Jay Leno jokes that Obama has done the impossible: resurrected the seemingly dying Republican Party and...

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Wall Street’s Power Grab

January 18, 2010
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The Financial Crisis Inquiry Commission Hearings Counterpunch You almost could hear the bankers heave a sigh of relief when Haiti’s earthquake knocked the Financial Crisis Inquiry Commission hearings off the front pages and evening news broadcasts last week. At stake, after all, is Wall Street’s power grab seeking to centralize policy control firmly in...

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Iceland can refuse debt servitude

January 6, 2010
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Financial Times Olafur Ragnar Grimsson, Iceland’s president, has created uproar with his decision to block legislation that would have repaid €3.9bn ($5.6bn) lost by British and Dutch savers in a failed Icelandic bank, triggering a referendum that the government is expected to lose. The initial response by credit rating agencies was to downgrade Icelandic...

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Krugman's attack on my review of Samuelson

December 20, 2009
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I have recently republished my lecture notes on the history of theories of Trade, Development and Foreign Debt {2}. In this book I provide the basis for refuting Samuelson’s factor-price equalization theorem, IMF-World Bank austerity programs, and the purchasing-parity theory of exchange rates. These ideas were lapses back from earlier analysis, whose pedigree I...

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The Lost Science of Classical Political Economy

December 20, 2009
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neweconomicperspectives There is a seeming riddle in the recent evolution of economic thought. It has become more otherworldly and abstract, more detached from the reality of how economies are running deeper into debt to a financial oligarchy. The global economy itself is polarizing between creditor and debtor nations, financial core and periphery (even as...

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Philip Adams Interview – Late Night Live

November 26, 2009
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You can listen to this interview here.

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Slideshow – Lifting the Lid on the GFC

November 26, 2009
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Slideshow – Lifting the Lid on the GFC

See Michael in action whilst in Australia

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Lifting the Lid on the GFC

November 26, 2009
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You can listen to this speech here.

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Steering the Economy into Debt Deflation – Melbourne Town Hall speech

November 26, 2009
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You can listen to this speech here.

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Global Policy Trends in a Financialised Economy

November 25, 2009
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Global Policy Trends in a Financialised Economy – Federal Parliament’s Vital issues seminar. This speech can be heard here.

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The Earth v the Neo-Liberal Paradigm – Prosper Australia speech

November 25, 2009
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You can listen to this speech here

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