The end of America’s unchallenged global economic dominance has arrived sooner than expected, thanks to the very same Neocons who gave the world the Iraq, Syria and the dirty wars in Latin America. Just as the Vietnam War drove the United States off gold by 1971, its sponsorship and funding of violent regime change wars against Venezuela and Syria – and threatening other countries with sanctions if they do not join this crusade – is now driving European and other nations to create their alternative financial institutions.
“Professor Michael Hudson discusses the globalisation fallout as new trading blocs distance themselves from US dollar denominated trade. Will the US be able to maintain its imperialist tendencies in light of these trends? How much further can the rentiers push their free-for-all? The show finishes with an overview of Michael’s new book And forgive them our debts.
Updated: Aug. 20, 2018
with Chris Hedges
Originally on RT America on Aug 18, 2018
Conscious on Aug 19, 2018
Nomi Prins, journalist and author of Collusion: How Central Bankers Rigged the World, talks to journalist Chris Hedges about how central bankers “overstepped their traditional mandates by directing the flow of epic sums of fabricated money without any checks and balances.”
Updated: Aug. 15, 2018
American politicians provoke a slew of emotions, from tears of rage to tears of laughter. But perhaps the uppermost emotion is one of pity.
With a few honorable exceptions, it is such a pity that the American people are misled by such buffoons. It is such a pity that the American and Russian people — who have so much in common as human beings — are nevertheless being driven towards a state of war by these buffoonish politicians.
Global University for Sustainability on Jul 11, 2018
The interview with Professor Michael Hudson was conducted on 7 May 2018 in Beijing, by Professor Lau Kin Chi and Professor Sit Tsui Jade. Professor Hudson talked about his formative years, and his turn to economics from music as he found his mentor Terence McCarthy’s speech about economics beautiful and aesthetic. He recalled his experiences in research and teaching, and the background leading to his writing the many books on imperialism, balance of payment, history of debt, and fictitious capital. The interview was edited by George Lee, and produced by the Global University for Sustainability, July 2018.
Why does the US media have an anti-Russian fixation? It’s not what the American people want to hear. 71% of the Ronald Reagan-loving, military-obsessed Republican Party approve of Trump meeting with Putin. On the other side, top liberal CNN commentator and former President Obama’s adviser, Van Jones has admitted in a video recording that the “Russiagate” story is a “big nothing burger” which Democrats are not interested in. The Russia-fixated, Hillary Clinton-DNC liberal establishment now faces an upsurge of opposition from Democratic Socialists like Alexandria Ocasio-Cortez and Bernie Sanders, who emphasize the need for populist economics reforms.
“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.