Posts Tagged ‘ China ’

China – Russia sidestep neocons

November 14, 2014
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APEC meetings November 12, 2014 President Putin Pledges to Increase Trade with China and Asia to Rebuke Sanctions SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. During this year a number of governments applied sanctions against Russia for its involvement in the alleged...

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China – Avoid the West’s Debt Overhead: A Land Tax is needed to hold down Housing Prices

July 22, 2013
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How can China avoid the “Western financial disease” – a real estate bubble followed by defaults and foreclosures? The U.S. and European economies originally sought to avoid this fate by taxing the location’s site value. A rent tax was the focus of Progressive Era reforms. Enacting a rent tax remains China’s main challenge to...

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Economic Policy Deception

March 8, 2013
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Another in the series of interviews on the Renegade Economists radio show (Australia), a wide ranging analysis of the advantages to wealth that money printing and poor tax policy produce. Topics include land and housing policy, German gold repatriation, Occupy, Bradley Manning, Iran, Obama and Kruegar. Listen here Subscribe to the show (itunes) Transcription...

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Rating Junk Economics

April 28, 2011
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Michael Hudson critiques austerity measures amidst the global preference for crumbling economies over taxing privilege. Ratings Agencies, German banks and user pays come under the microscope.

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Norway's Sovereign Wealth Risk Vortex

March 18, 2011
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What does Norway get out of its Oil Fund, if not More Strategic Infrastructure Investment? For the past generation Norway has supplied Europe and other regions with oil, taking payment in euros or dollars. It then sends nearly all this foreign exchange abroad, sequestering its oil-export receipts – which are in foreign currency –...

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Krugman, China and the role of finance.

November 22, 2010
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Here’s the quandary that the U.S. economy is in: The Fed’s quantitative easing policy– creating more liquidity so that banks can lend more – aims at helping the economy “borrow its way out of debt.” But banks are not lending more, for the simple reason that a third of U.S. real estate already is...

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Russian TV, the G20 and US dollar diplomacy

November 10, 2010
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Michael was interview on Russian TV yesterday by Lauren Lyster. Watch the 10 minute clip here. There is no possibility of agreement at the upcoming G20 summit because the U.S. is declaring financial war on other countries, believes American economist Michael Hudson. The U.S. has been pushing China to revalue its currency – at...

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America’s China Bashing: A Compendium of Junk Economics

September 29, 2010
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It is traditional for politicians to blame foreigners for problems that their own policies have caused. And in today’s zero-sum economies, it seems that if America is losing leadership position, other nations must be the beneficiaries. Inasmuch as China has avoided the financial overhead that has painted other economies into a corner, nationalistic U.S....

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China's Policy Checkmate

July 27, 2010
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Interview with Xulin Dong May 2010 DX: You have strongly advocated the use of taxation as a most effective and desirable way to prevent real-estate bubble. Now in the Chinese media there’s a good deal of discussion about the need to re-design China’s real-estate tax regime. In particular, about the merit of a US...

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Dollar Hegemony and the Rise of China

July 12, 2010
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Hudson to Premier Wen Jaibao, March 15, 2010 Dear Premier Wen Jiabao, I write this letter to counteract some of the solutions that Western politicians are recommending for China to cope with its buildup of excess foreign-exchange reserves. Raising the renminbi’s exchange rate against the dollar will not cure the China-US payments imbalance. The...

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