Image by Jacob Anikulapo via Flickr
by Michael Hudson
Writer, Dandelion Salad
April 26, 2020
Moderate Rebels on Apr 20, 2020
Facing the Covid-19 pandemic, the US Congress rammed through the CARES Act — which economist Michael Hudson explains is not a “bailout” but a massive, $6 trillion giveaway to Wall Street, banks, large corporations, and stockholders.
Max Blumenthal and Ben Norton discuss the enormous financial scam with Hudson, who reveals how the economy actually works, with the Federal Reserve printing money so rich elites don’t lose their investments.
(Interview recorded on April 13, 2020)
How the US makes countries pay for its wars: Economics of American imperialism with Michael Hudson
Moderate Rebels on Apr 22, 2020
Economist Michael Hudson explains how American imperialism has created a global free lunch, where the US makes foreign countries pay for its wars, and even their own military occupation.
Max Blumenthal and Ben Norton discuss the economics of Washington’s empire, the role of the IMF and World Bank, BRICS and attempts to create alternative financial systems, and the new cold war on China and Russia.
(Interview recorded on April 13, 2020)
Michael 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 …and forgive them their debts, J is for Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Super Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt: A History of Theories of Polarization v. Convergence in the World Economy (1992 & 2009) and of The Myth of Aid (1971), amongst many others. He can be reached via his website Michael Hudson, mh@michael-hudson.com.
From the archives:
Why Trump Scapegoats China, by Finian Cunningham
Covid-19 is Bringing the Vulnerable U.S. Empire Towards Collapse, by Rainer Shea
Abby Martin: US Empire Exploits COVID-19 For More War
Did Congress Just Nationalize The Federal Reserve? No. But… by Ellen Brown
Michael Hudson: The Beginning of the End of Super Imperialism in 2020?
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The situation will only be rectified when money creation is directly in the hands of the nation, not a private usurious central bank. With a closed system, such as we have now, there is never enough money to pay off all the debt. This situation does not exist when there is an open system of money creation, when the nation generates its own money without interest.