Sending Dollars Abroad … via the Military

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In this week’s episode of the Radio Sputnik New Rules podcast, host Dimitri Simes Jr. speaks with economist Michael Hudson about the Biden administration's 'class war' against working Americans, why US reindustrialization efforts are unlikely to succeed, the real purpose of sanctions, and de-dollarization. The podcast was written up on Sputnik Globe. For today's episode, we want to talk about what's going on in the US economy. Because when you look at the discussion that's going on, you see a lot of contradictory narratives. On the one hand, you have people like Bank of America's CEO Brian Moynihan, who said on Sunday that the country may face a mild recession later this year. You see a lot of major CEOs making similar predictions. By contrast, the Biden administration ...

Buying US Debt Subsidizes Imperialism

Michael Hudson | A piece of advice: Buying U.S. debt is to provide ammunition for U.S. military expansion Source: Observer Network 2023-06-01 08:01 The June 5 deadline referred by US Treasury Secretary Janet Yellen has fallen, and the US debt ceiling negotiations have entered the final congressional voting juncture. House Speaker McCarthy, who was eager to reach an agreement with President Biden, faced the threat of being kicked out because the far right of the Republican Party was dissatisfied with the negotiating plan with too many compromises. In the heated stage of debt ceiling negotiations, how do Americans view this partisanship and the snowballing expansion of U.S. debt behind the partisanship? The current crisis in Ukraine is still stalemate. The United States and its allies have joined forces to contain China. As the second ...

Finance Capitalism’s Self-Destructive Nature

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https://www.youtube.com/watch?v=FS1XQBB3YsQ Transcript of Interview on The Left Lens with Danny Haiphong May 25th, 2022 DANNY HAIPHONG: Good afternoon, everyone. Happy Wednesday, May 25th, welcome to the stream, to another left lens. Today we have a very special guest so as you're coming in make sure you are liking the stream sharing it, make sure that you are subscribing to the channel and hitting that notifications bell, and as always you know please do support this work here at this channel and all the work that I do at patreon.com/dannyhaiphong. But with that said I want to introduce our guests because we have a lot to talk about over the next hour and it is economist Michael Hudson. He is the author of the new book, The Destiny of Civilization: Finance capitalism, Industrial Capitalism ...