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 A copy of the complete interview can be downloaded here.

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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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Bubble Economy 2.0: The Financial Recovery Plan from Hell

February 11, 2009
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GlobalResearch Martin Wolf started off his Financial Times column today (February 11) with the bold question: “Has Barack Obama’s presidency already failed?” The stock market had a similar opinion, plunging 382 points. Having promised “change,” Mr. Obama is giving us more Clinton-Bush via Robert Rubin’s protégé, Tim Geithner. Tuesday’s $2.5 trillion Financial Stabilization Plan...

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A Tax Program for U.S. Economic Recovery

February 1, 2009
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interview with ITulip. Janszen: How do we fix this mess? Hudson: Debt service is the major charge that is institutional rather than “real” and technologically necessary. Our tax system favors debt rather than equity financing. By encouraging debt it has prompted a tax shift onto the “real” economy’s labor and capital. The resulting interest...

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It Won't Save the Economy: It May Make the Crisis Worse

January 30, 2009
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Obama’s new bank giveaway Counterpunch Is this administration’s bank policy Bush-3 – or Clinton-5 or Reagan 8? After (1) threatening for eight years that the prospect of a trillion-dollar deficit spread over a generation or so is sufficient reason to stiff Social Security recipients and abolish debts to the nation’s retirees, and (2) after...

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Wealth Creation, or a Ponzi Scheme?

December 23, 2008
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GlobalResearch Last week the Good Lord evidently realized that not enough people had been reading Hyman Minsky’s explanation of how financial cycles end in Ponzi schemes – the stage in which banks keep the boom going by lending their customers the money to pay interest and thus avoid default. So He sent Bernie Madoff...

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Scrawny Geese; No More Golden EggScenes From the Global Class War

October 27, 2008
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Counterpunch On Friday, October 24, the pound sterling dropped to just $1.58 (down from $1.73 earlier in the week, an enormous plunge by foreign-exchange standards), and the euro sunk to just $1.26, while Japan’s yen soared by 10 per cent. These shifts threatened to disrupt export markets and hence industrial sales patterns. Global stock...

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Financial Warfare against Labor and Industry

October 26, 2008
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Global Research On Friday, October 24, the pound sterling dropped to just $1.53 (down from $1.73 earlier in the week, an enormous plunge by foreign-exchange standards), and the euro sunk to just $1.26, while Japan’s yen soared by 10%. These shifts threatened to disrupt export markets and hence industrial sales patterns. Global stock markets...

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