“We find ourselves opposed by forces that operate in the shadows, without a flag, with powerful weapons that are placed in a wide range of influential positions. We are potentially wealthy countries and yet we live a life of poverty. We go here and there, begging for credits and aid and yet we are – a paradox typical of the capitalist economic system – great exporters of capital.” — Salvador Allende, Speech to the United Nations, December 4, 1972
RT on Nov 7, 2017
In this episode of the Keiser Report, Max and Stacy discuss 100 years of humiliation and unintentional self-parody as one empire goes and another, perhaps, rises again. In the second half, Max interviews Dr. Michael Hudson of michael-hudson.com to discuss the Democratic party in an era of dodgy pee-pee dossiers and no economic policies.
The US submarine captain says,
“We’ve all got to die one day, some sooner and some later. The trouble always has been that you’re never ready, because you don’t know when it’s coming. Well, now we do know and there’s nothing to be done about it.”
Updated: July 31, 2017
Both houses of Congress have now passed big new sanctions bills by veto-proof majorities, in fact with near unanimity. The vote this week in the House of Misrepresentatives was 419–3 on a bill to sanction Russia, Iran, and North Korea as punishment for primarily imaginary crimes, despite the sum total of the global legal bodies having asked the United States to judge these crimes, skip over a trial, and move right ahead with punishment being exactly equal to the number of principled opponents of war employed on Capitol Hill.
The Next System Project’s Adam Simpson sat down with renowned economist and economic historian Michael Hudson to discuss economic deceptions old and new. Michael Hudson is Distinguished Research Professor of Economics at the University of Missouri, Kansas City and a prolific writer about the global economy and predatory financial practices. Among his latest books are Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy and its follow-up J is for Junk Economics: A Guide to Reality in an Age of Deception.
A nightmare scenario of U.S. geopolitical strategists is coming true: foreign independence from U.S.-centered financial and diplomatic control. China and Russia are investing in neighboring economies on terms that cement Eurasian integration on the basis of financing in their own currencies and favoring their own exports. They also have created the Shanghai Cooperation Organization (SCO) as an alternative military alliance to NATO. And the Asian Infrastructure Investment Bank (AIIB) threatens to replace the IMF and World Bank tandem in which the United States holds unique veto power.
An historic betrayal has consumed Greece. Having set aside the mandate of the Greek electorate, the Syriza government has willfully ignored last week’s landslide “No” vote and secretly agreed a raft of repressive, impoverishing measures in return for a “bailout” that means sinister foreign control and a warning to the world.
Updated: May 16, 2014 Added video
Updated: May 14, 2014 Added video
The following article is from a new book, Flashpoint in Ukraine, edited by Stephen Lendman. It is currently available from Clarity Press as an e-book, and soon to be printed.
Finance in today’s world has become war by non-military means. Its object is the same as that of military conquest: appropriation of land and basic infrastructure, and the rents that can be extracted as tribute. In today’s world this is taken mainly in the form of debt service and privatization. That is how neoliberalism works, subduing economies by indebting their governments and using unpayably high debts as a lever to pry away the public domain at distress prices. It is what today’s New Cold War is all about. Backed by the IMF and European Central Bank (ECB) as knee-breakers in what has become in effect a financial extension of NATO, the aim is for U.S. and allied investors to appropriate the plums that kleptocrats have taken from the public domain of Russia, Ukraine and other post-Soviet economies in these countries, as well as whatever assets remain. Continue reading
In Extraenvironmentalist #67 we discuss the implications of the bursting global credit bubble with economist and historian Michael Hudson. Our conversation covers many of the themes in Hudson’s new book, The Bubble and Beyond which covers the process of quantitative easing, neofeudalism and more.