The Hard Iron Financial Fist

https://www.youtube.com/watch?v=ImjdVxd09fo&t=1s BEN NORTON: Hi, everyone. I'm Ben Norton, and this is the Geopolitical Economy Report. Today, I have the pleasure of being joined by Michael Hudson, the brilliant economist and author of many books. Michael is also the co-host of a program here, Geopolitical Economy Hour, that he does every two weeks with friend of the show Radhika Desai. I will link to that show in the description below. I had Michael on in March to discuss the collapse of three U.S. banks in just one week. That was Silicon Valley Bank, Signature Bank and Silvergate Bank. And yet the crisis has continued since then. And I knew I needed to bring back Michael to talk about the latest developments. In just two months, four banks in the United States have collapsed. And we now ...

Bond Market Play Reveals Systemic Crisis

Economist Michael Hudson analyzes the collapse of Silicon Valley Bank, Silvergate, and Signature Bank, explaining the similarities to the 2008 financial crash. In this discussion with Geopolitical Economy Report editor Ben Norton, Hudson also addresses the US government bailout (which it isn’t calling a bailout), the role of the Federal Reserve and Treasury, the factor of cryptocurrency, and the danger of derivatives. https://www.youtube.com/watch?v=uvm9qrXhqf8 Podcast https://soundcloud.com/geopoliticaleconomy/banks-collapsed-economist-michael-hudson?si=1aa9bf7793654f4fbb516d2daa00ffa2&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing Transcript BEN NORTON: Hi everyone, I’m Ben Norton. I have the pleasure of being joined by someone I think is one of the most important economists in the world, Michael Hudson. And I should say that we should wish Professor Hudson a happy birthday. Today is March 14th. It’s his birthday, and he turns eighty-four today. How do you feel Michael? MICHAEL HUDSON: Just like I feel every other day. I usually feel ...