Will the US default on its foreign debt? Interview with Michael Hudson

Dandelion Salad

Information Clearing House
By Guns & Butter
Oct 15, 2008

Dr. Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super-Imperialism: The Economic Strategy of American Empire (1972 and 2003) and of The Myth of Aid (1971).

Audio link (mp3) (Sorry no longer available)

“The Bailout’s New Financial Oligarchy” with economist and financial historian, Dr. Michael Hudson, discussing the largest financial theft in American history – the evolving giveaway to Wall Street crooks.  We talk about the class war leading to depopulation, de-industrialization, poverty, and sharply increasing default and debt.  The bailout offers no help to the economy.  The only way to resolve the crisis is to write down the debt, and this is not being done.  We discuss the IMF/World Bank, the end of foreign investment, Enron-style accounting, and the false cover story promulgated through media deception.  The bailout is a gangland operation to pay the pals of Paulson.

http://www.kpfa.org/

see

Dr. Michael Hudson: The New Kleptocracy – The largest financial theft in American history

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