Michael Hudson: Another US Housing Bubble?

Slaves to Money, Solidarity (9 of 25)

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with Michael Hudson
Writer, Dandelion Salad
Michael Hudson
May 24, 2017

TheRealNews on May 23, 2017

Economist Michael Hudson explains that even though housing prices are back up at 2008 levels homeownership is at a much lower level and banks have their loans guaranteed by the US government.

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If We Don’t Solve The Problem Of Economic Polarization, We’re Going To Go Into Another Dark Age by Michael Hudson

cancel the debt

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by Michael Hudson
Writer, Dandelion Salad
Michael Hudson
January 27, 2017

Speech to Kairos group, Union, Columbia
[Edited version for clarification, January 23, 2017]

The focus of my talk today will be Jesus’ first sermon and the long background behind it that helps explain what he was talking about and what he sought to bring about. I’ve been associated with Harvard University’s Peabody Museum for over thirty years in Babylonian economic archeology. And for more than twenty years I’ve headed a group out of Harvard, the International Scholars Conference on Ancient Near Eastern Economies (ISCANEE), writing a new economic history of the ancient Near East.

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Michael Hudson: How Long are People Going to be Willing to Live in this Illusion?

Pensions-demo-_8195a-sm

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with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
October 7, 2016

TheRealNews on Oct 7, 2016

The IMF foretells of vulnerable banks in US and EU while enabling unsustainable debt-leveraging, says economist Michael Hudson.

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Chris Hedges: The Cost of Austerity

Austerity kills - poster

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Dandelion Salad

with Chris Hedges

RT America on Sep 10, 2016

On this week’s episode of On Contact, Chris Hedges sits down with economist Mark Blyth to discuss the detrimental ramifications of austerity programs following the 2008 financial crisis. Professor Blyth, author of “Austerity: The History of a Dangerous Idea” addresses the political effects of the spending cuts and considers why the elites will not take responsibility for the fallout. RT Correspondent Anya Parampil examines the impact austerity measures have had on the American working class and the poor since 2008.

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Brexit and the Derivatives Time Bomb by Ellen Brown

Brexit

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by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
July 1, 2016

Brexit could trigger a $500 trillion derivatives meltdown, by forcing the EU to allow insolvent member governments and banks to write down debt. Italy is in financial crisis and is already petitioning for that concession. How to avoid collapse of the massive derivatives house of cards? Alternatives are considered.

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Abby Martin: Puerto Rico’s Debt to its Oppressors

UNOCCUPY PUERTO RICO

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Dandelion Salad

with Abby Martin

teleSUR English on Jun 23, 2016

Puerto Rico’s massive debt has been discussed at length in Congress and the media, all omitting the most important fact: the history of being a colonial subject for over 500 years, still owned and controlled by the United States.

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The Road to Democracy by Rudo de Ruijter

DEMOCRACY

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by Rudo de Ruijter
Writer, Dandelion Salad
Independent researcher
www.courtfool.info
Netherlands
March 11, 2016

The word ‘democracy’ is derived from the Greek words ‘demos’, = people, and ‘cratein’, = rule. Democracy would be the best possible form of governance. In a complete democracy all citizens have the right to speak. Anyone can call attention to problems. Anyone can propose solutions. And all may express arguments in favor or against these solutions, so all interests in play can be discussed. This way decisions can be taken, based on all available knowledge and insight. Supplementary advantages are, that when people participate in the process, they know why the decisions are taken and will respect them more easily. Also, they acquire insight in other peoples’ interests, which contributes to mutual comprehension and peaceful living together.

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Can the Federal Debt Be Repaid? by Ellen Brown

Trillion Dollar Coin

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by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
November 18, 2015

Here is a power point I gave last night at an American Freedom Alliance event in Los Angeles on whether the federal debt can be repaid (yes), how it can be repaid (by simply issuing the money), and why that would stimulate the economy without leading to hyperinflation.

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Trumping the Federal Debt Without Playing the Default Card by Ellen Brown

For All Debts...

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by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
August 19, 2015

“The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.”

— Former Fed Chairman Alan Greenspan on Meet the Press, August 2011

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Michael Hudson: 95% Income Growth Goes to the 1%

Anti Capitalism

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by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
January 16, 2014

Boom Bust on Jan 15, 2014

Michael Hudson, a professor of Economics at the University of Missouri, Kansas City, is a sharp critic of what he considers the “rent seeking” behavior which has come to dominate the world of global finance. Once upon a time, governments regularly expunged debts to prevent the crises and turmoil that overindebtedness caused. But then came the Romans. For the Romans, “a debt was a debt was a debt”. Continue reading

D is for Debt by Michael Hudson

D

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by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
September 8, 2013

Part D in the .

Debt: Only pure assets and equity ownership exist without corresponding debt. For financial saving, one party’s saving deposit, loan or credit appears as another party’s debt on the opposite side of the balance sheet. (Even net worth appears on the liabilities side of the balance sheet.)

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Michael Hudson: What is Debt Deflation?

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
May 18, 2013

Strike Debt Rolling Jubilee

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RussiaToday May 18, 2013

In this episode of the Keiser Report, Max Keiser and Stacy Herbert examine stories about those who, using spoof trades, bogus securities and fictitious capital, steal real wealth and income. They discuss how it is that every benchmark index is rigged and introduce the concept of the ‘bonus benchmark.’ In the second half, Max talks to Dr. Michael Hudson, author of The Bubble and Beyond, about debt and wage deflation and about the intersection of interest rates and wages going back to David Ricardo when wages were measured against the price of bread to today when they are measured against the price of debt.

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Michael Hudson: Solution to Student Debt is to Get the Banks Out of the Education Business

Student Loans Shackle

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by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
March 21, 2013

TheRealNews·Mar 20, 2013

Michael Hudson: Crippling student debt, which is also a drag on the whole economy, developed as governments pushed the burden of higher education costs onto students and pushed them into the arms of the banks.

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Government Debt and Deficits Are Not the Problem. Private Debt Is. by Michael Hudson

Student Loans Shackle

Image by Saint Huck via Flickr

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
March 14, 2013

There are two quite different perspectives in the set of speeches at this conference. Many on our morning panels – Steve Keen, William Greider, and earlier Yves Smith and Robert Kuttner – have warned about the economy being strapped by debt. The debt we are talking about is private-sector debt. But most officials this afternoon focus on government debt and budget deficits as the problem – especially social spending such as Social Security, not bailouts to the banks and Federal Reserve credit to re-inflate prices for real estate, stocks and bonds.

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The Incredible Debt Spider by Rand Clifford

In debt we trust

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by Rand Clifford
Featured Writer
Dandelion Salad
January 17, 2013

The “Federal Reserve Bank” (Fed) is not part of the United States Government. The Fed is a private, for-profit corporation ultimately owned by eight elite banking families:

1. Rothschild’s of London and Berlin
2. Lazard Brothers of Paris
3. Israel Moses Seaf of Italy
4. Kuhn, Loeb & Co. of Germany and New York
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