Kleptocracy is Us

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US Cryptocurrency as an Offshore Banking Center 
The Wall Street Journal ran a revealing op-ed today (June 14, 2024) by Paul D. Ryan, “Crypto Could Stave off a U.S. Debt Crisis.”

Mr. Ryan, libertarian Republican House Speaker 2015-2019 and now at the right-wing American Enterprise Institute, writes that: “Stablecoins backed by dollars provide demand for U.S. public debt and a way to keep up with China.” He reports that “According to the Treasury Department and DeFi Llama, a
cryptocurrency analytics site, dollar-based stablecoins are becoming an important net purchaser of U.S. government debt.” If the stablecoin fund was a country, it would be in “the top ten of countries holding Treasuries – smaller than Hong Kong but larger than Saudi Arabia.” So the result of officially promoting them “would be an immediate, durable increase ...

Agricultural Imperialism in the EU

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A new monthly column for German newspaper Berliner Wochenende. Ever since World War II, U.S. trade strategists have based their international policy on control of two key commodities: oil and grain. Economically, they have been the mainstay of the U.S. balance of payments, the leading categories of export surplus (along with weapons), especially as the U.S. economy has deindustrialized. And politically, these are basic needs of every economy. U.S. diplomacy has sought to make other countries dependent on American grain. In the 1950s, most notably, U.S. opposition to Mao’s Communist revolution in China sought to impose a grain embargo on that country. But Canada broke the sanctions – creating good will for decades. U.S. trade strategists have sought to promote grain dependency on U.S. farmers by opposing foreign attempts to achieve grain ...

The Black & White of Elite Imperialism with Jill Stein

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Fighting Russia & China to Last American: Destroying US From Within Dr. Jill Stein & Michael Hudson https://youtu.be/3tiOp-L-uY4 
 NIMA ROSTAMI ALKHORSHID: Today we're going to talk with Dr. Stein, 2024 presidential candidate in the United States and her policy advisor, Professor Michael Hudson. And we're going to talk about Ukraine, Taiwan, Israel, and domestic policy in the United States. And so let's get started with the conflict in Ukraine. Michael, how do you find the current face of the war in Ukraine? How do you find the policy of the Biden administration? It seems that they want to continue this war in Ukraine. How do you find it so far? MICHAEL HUDSON: Well, despite the pretense that somehow Ukraine can still win, they know that the Ukrainians have already lost. The Russians ...

Owing the US a Living?

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Living within your means is considered a virtue in many cultures, with one notable exception – the United States, whose public debt grows by roughly a trillion dollars every 100 days and is projected to continue doing so for the next few decades. In the past, it helped to sustain the so-called American lifestyle, but the benefits of this seemingly endless ballooning for ordinary citizens are much less apparent now. How much longer can the United States exist on the assumption that the world owes it a living? To discuss this, Oksana is joined by Michael Hudson, Distinguished Research Professor of Economics at the University of Missouri. Image by MeditativeKaleidoscope from Pixabay

Universities as Tentacles of the Police State

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“Have you no sense of decency?” The recent Congressional hearings leading to a bloodbath of university presidents brings back memories from my teen-age years in the 1950s when everyone’s eyes were glued to the TV broadcast of the McCarthy hearings. And the student revolts incited by vicious college presidents trying to stifle academic freedom when it opposes foreign unjust wars awakens memories of the 1960s protests against the Vietnam War and the campus clampdowns confronting police violence. I was the junior member of the “Columbia three” alongside Seymour Melman and my mentor Terence McCarthy (both of whom taught at Columbia’s Seeley Mudd School of Industrial Engineering; my job was mainly to handle publicity and publication). At the end of that decade, students occupied my office and all others at the New School’s ...

Gaza – Civilization will Win over Barbarism

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  https://www.youtube.com/watch?v=9W1TF2-b8uY Part 2 https://www.youtube.com/watch?v=inFlC2LjyRs Nima April 22, 24 Michael's notes from this important interview. Watch the geo-political markers. 1A. US student and voter opposition to the US-Israeli genocide.  The breaking news here in New York City today are the mass protests at Columbia University, New York University and the New School opposing the genocide in Gaza. The protests have spread to Yale, Harvard and other universities throughout the United States. Columbia locked their gates, closing out students not only from their classes but from their dormitories and cafeterias. They are obliged to stay with friends or sleep outside. Over a hundred were arrested and their hands put in plastic tie-cuffs for many hours.  Students are furious at how the presidents of Harvard, University of Pennsylvania and Columbia have knuckled under the Congressional accusations that they are permitting ...

Jill Stein: Splitting the Pro-Imperial Vote

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https://www.youtube.com/watch?v=oDUb7-MPH48 RADHIKA DESAI: Hello and welcome to the 27th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you our show every fortnight are our host, Ben Norton, our videographer, Paul Graham, and our transcriber, Zach Weiser. And today, we not only have a guest, but a very special one. As many of you will know, Jill Stein is running for President of the United States on the Green Party ticket. Ho-hum, you will say. What's so what? She's not going to win. Third-party candidates never do. So what's the point? Well, things never change until they do. They often take longer to change than most imagine, but then, when ...

Gaza: The Strategic Imperative

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​PROF. MICHAEL HUDSON, THE TRUTH ABOUT THE DESTRUCTION OF GAZA. - Ania K https://www.youtube.com/live/gNu_OGbqyWk   ANIA: Hello, everyone. Welcome back to my channel. Today I have with me for the fourth time, I'm still counting, a very, very special guest, one of the best professors in economics and financial analysts in the world. And I'm very glad we are reconnecting with Professor Hudson again. I want to start this live stream with asking all of you to check all my links down below this live stream, because being on other platforms, especially nowadays, is very important. So you have my locals there, you have mailing lists, and every other link if you choose to support my work as well. Also, Professor Hudson's three links. You have the website (michael-hudson.com), Patreon (patreon.com/michaelhudson), and all the books ...

Free Speech and Platform Media

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https://www.youtube.com/watch?v=4l3EbRUOGsI   RADHIKA DESAI: Hello and welcome to the 26th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you our show every fortnight are our host, Ben Norton, our videographer, Paul Graham, and our transcriber, Zach Weisser. In our last two shows, we looked at China's economy and where it was headed, busting major Western myths about it, and highlighting the differences between the Chinese and US economies that explain the dynamism of the former and the productive decline of the latter. We spoke about how China was embarked on engineering the next industrial revolution through a major structural transformation, not only to continue its high growth, but also to ...