The Debt Before the Storm by Lance Selfa + Puerto Rico Devastated By Hurricanes, Colonialism by Berta Joubert-Ceci

The Debt Before the Storm

Screenshot by Dandelion Salad via Flickr
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Dandelion Salad

by Lance Selfa
Socialist Worker, Sept. 26, 2017
September 30, 2017

THE SOCIALIST German playwright Bertolt Brecht once wrote that “famines do not simply occur; they are organized by the grain trade.”

A similar observation could be made about Puerto Rico today. Replace “famine” with “natural disaster,” and the “grain trade” with “U.S. colonialism,” and you have a succinct summation of the human disaster that is unfolding on the island today.

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Abby Martin: Sabotage, Not Socialism, is the Problem in Venezuela

Abby Martin: Sabotage, Not Socialism, is the Problem in Venezuela

Screenshot by Dandelion Salad via Flickr

Dandelion Salad

with Abby Martin

teleSUR English on Jun 17, 2017

Today in the corporate media, Venezuela’s economic problems are used to paint the country as a failed state, in need of foreign-backed regime change.

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Today’s Students: From Debt Peons To Wage Slaves by Michael Hudson

Slaves to Money, Solidarity (9 of 25)

Image by Glenn Halog via Flickr

by Michael Hudson
Writer, Dandelion Salad
Michael Hudson, May 31, 2017
June 3, 2017

Students usually don’t think of themselves as a class. They seem “pre-class,” because they have not yet entered the labor force. They can only hope to become part of the middle class after they graduate. And that means becoming a wage earner – what impolitely is called the working class.

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Michael Hudson: Another US Housing Bubble?

Slaves to Money, Solidarity (9 of 25)

Image by Glenn Halog via Flickr

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

Image by Friends of the Earth International via Flickr

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

Image by Julian Stallabrass via Flickr

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

Image by Teacher Dude via Flickr

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

Image by Rich Girard via Flickr

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

Image by vagabond Beaumont via Flickr

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

Image by SUXSIEQ via Flickr

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

Image by DonkeyHotey via Flickr

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...

Image by AK Rockefeller via Flickr

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

Image by KeizerStreetArt via Flickr

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

Image by chrisinplymouth via Flickr

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

Image by The Eyes Of New York via Flickr

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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