No to currency slavery

July 10, 2014
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From RT news Western support will allow more IMF and European lending to prop the Ukrainian currency so the Ukrainian oligarchs can move their money safely to British and US banks, economist and author Michael Hudson told RT’s Truthseeker. RT:Could you summarize for us the tried and tested steps that will lead from IMF...

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Ukraine: Bureaucratic Bliss

July 2, 2014
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More at The Real News Transcript WORONCZUK: So, Michael, let’s talk about the economic association agreement that Moldova, Georgia, and Ukraine signed with the E.U. last week. Let’s get a sense of what are the details of the agreement. And how does this differ from–let’s say, in economic terms, from a full-fledged membership with...

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Ukraine’s Gangster State

June 30, 2014
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Hard and fast insights on Ukraine’s land-grabbing, with some frightening developments unfolding. I am interviewed briefly. This could well be another test on how far things can be pushed, building on Latvia. Share this. Transcript This is a rush transcript. Copy may not be in its final form. RT: Nuclear weapons plans in the...

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Tea Party Winners

June 23, 2014
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Why the Tea Party & European Right Are Winning Elections More at The Real News Michael Hudson: There is no real left-wing alternative to the right Bio Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. His two newest books are “The Bubble and Beyond” and “Finance...

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The Economic Crisis & Crisis Theory II

June 13, 2014
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This panel explored causes of the Great Recession and the continuing economic sluggishness since the recession’s ended, as well as how the left can respond to this situation. In keeping with the conference theme, panelists addressed what different analyses and theories imply about the kind of socioeconomic change that is called for. Alan Freeman...

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EU Voters Turn Against Austerity

May 29, 2014
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More at The Real News Reflecting on this topic, I add: The US press and newscasts make it appear that Europeans have voted against poor immigrants and foreigners. What they voted against the super-rich, the oligarchy. The “foreigners” being opposed include the United States insisting on drawing NATO into its wars in Libya,Iraq, Syria...

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QE reduction in time for next speculative kickoff

May 22, 2014
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More at The Real News JESSICA DESVARIEUX, TRNN PRODUCER: It’s been about four years since the financial crash, and the Federal Reserve has been scaling back its program of monthly purchases of government and mortgage bonds. Each month, they’ve tapered off their purchases by $10 billion, and they’re on track for spending $45 billion this...

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EU: nationalism a cover for austerity

May 15, 2014
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The Ukraine sovereignty issue discussed in light of pro-Russian politics vs austerity comforts.

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The New Cold War’s Ukraine Gambit

May 13, 2014
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The New Cold War’s Ukraine Gambit

Michael Hudson The following article is from a new book, Flashpoint in Ukraine, edited by Stephen Lendman. It is currently available from Clarity Press as an e-book, and soon to be printed. Finance in today’s world has become war by non-military means. Its object is the same as that of military conquest: appropriation of...

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Stockholm Syndrome in the Baltics

May 6, 2014
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Stockholm Syndrome in the Baltics

Latvia’s Neoliberal War Against Labor and Industry Published in The Contradictions of Austerity: The socio-economic costs of the neoliberal Baltic model Edited by Jeffrey Sommers & Charles Woolfson This article examines how neoliberal policymakers trained in the United States captured Latvia’s economic policy to impose pro-rentier, pro-bank, anti-labor tax and financial policies. Latvia’s national...

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The 1% and Piketty

April 30, 2014
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More at The Real News Welcome to The Real News Network. I’m Jessica Desvarieux in Baltimore. And welcome to this edition of The Hudson Report. Now joining us is Michael Hudson. Michael is a distinguished research professor of economics at the University of Missouri-Kansas City. His two newest books are The Bubble and Beyond...

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Piketty’s Wealth Gap Wake Up

April 24, 2014
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Renegade Economists interview April 22nd, 2014 Listen Subscribe to the weekly podcast. Karl Fitzgerald: Michael Hudson – www.Michael-Hudson.com – is back on the 3CR airwaves with an explosive show moving through the incredible wealth gap as outlined by Thomas Piketty. His book is barnstorming the world at the moment. We review it, alongside a...

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Obama channeling Cheney?

April 17, 2014
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More at The Real News I’m Jessica Desvarieux in Baltimore. And welcome to this edition of The Hudson Report. Now joining us is Michael Hudson. He is a distinguished research professor of economics at the University of Missouri-Kansas City. His two newest books are The Bubble and Beyond and Finance Capitalism and Its Discontents....

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Anti-Russian sentiment a resource play diversion

April 10, 2014
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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...

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R is for Rentier

April 5, 2014
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The latest instalment to the Insider’s Economic Dictionary. Race to the bottom: A term for dog-eat-dog competition by which countries compete by cutting wage levels so as to produce in the cheapest market, not by raising wages and labor productivity. The effect is to shrink the circular flow between producers and employee-consumers, leading to...

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P is for Ponzi

April 3, 2014
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Part P in The Insiders Economic Dictionary. Panic: The abrupt culminating stage of the business cycle, in which inflated asset prices collapse in price as financial securities and properties are sold to pay off debts. Parallel Universe: The objective of modern economic methodology. A hypothetical exercise in science fiction depicting a world that conceivably...

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Ukraine’s Boomerang Aid

March 29, 2014
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with Thom Hartmann from RT’s The Big Picture.

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Crimea: Geo-Political Gas

March 22, 2014
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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...

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Russia, Crimea and the Consequences of NATO Policy

March 17, 2014
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Ukrainian Hangovers AS first published on Counterpunch by JEFFREY SOMMERS and MICHAEL HUDSON Russia’s incursion (invasion if you prefer) into Crimea, with prospects for movement into Eastern Ukraine, is the culmination of US/NATO policy since 1991. The unraveling of the USSR and its Soviet bloc (the Warsaw Pact) dismantled the largest empire in modern...

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Ukraine, Austerity….Again?

March 17, 2014
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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...

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