Image by M4D GROUP via Flickr
with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
March 22, 2015
TheRealNews on Mar 21, 2015
Economist Michael Hudson says China’s new international bank will be exempt from a US-veto, empowering other countries to lead development and perhaps challenge the use of the dollar as the currency of global capital.
Part 2
Mar. 20, 2015
Michael Hudson Report: Britain, German, France and Italy are among those who joined Asian Infrastructure Investment Bank in an expression of their discontent over World Bank polices that force developing countries to depend on the US.
Michael Hudson is a former Wall Street economist. A Distinguished Research Professor at University of Missouri, Kansas City (UMKC), he is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto Press, 2002) and Trade, Development and Foreign Debt: A History of Theories of Polarization v. Convergence in the World Economy. His book summarizing his economic theories, The Bubble and Beyond, is now available. His latest book is Finance Capitalism and Its Discontents. His upcoming book is titled Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy. He can be reached via his website, mh@michael-hudson.com.
from the archives
Michael Hudson: Inequality = Privatization of the Earth
see also
Why U.S. rulers fear new Asian investment bank by Deirdre Griswold
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Another great article to read about this topic: http://www.workers.org/articles/2015/03/24/why-u-s-rulers-fear-new-asian-investment-bank/
I’ve just read this starkly ominous Paul Craig Roberts interview ~ makes an interesting accompaniment to Michael Hudson’s World Bank narrative…
http://www.globalresearch.ca/neoconservative-ideology-supports-us-financial-and-military-political-imperialism/5438481
Thanks for the additional info/link, David.
David, Paul Craig Roberts keeps getting better in his analysis as the years roll by.
What scares me is the fact that we (Americans) and the NATO warmongers can blast Russia to smithereens with an atomic bomb blitzkrieg without any retaliation from them. After the first bomb explodes, the Russians would be foolish not to launch their biggest and most destructive weapons on NATO countries and specifically the United Imperial States, aka the USA.
I understand the super-rich cartel have these vast underground dwelling places which are full of supplies, etc. but with a tremendous amount of radioactive particulates circulating around the globe, poisoning literally everything, what kind of life would these greedy, filthy-rich scum enjoy?
I only hope that China, as a co-founder of the SCO, backs Russia when push comes to shove.
Thanks for reblogging, Tom.