Prof. Hudson speaks on the nature of US financial dominance, the role of World Bank in developing countries, USA’s ability to run a huge balance of payment deficit, changes in Russia after the fall of the Soviet Union, the problems of US economy with post-industrialization, and the role of neoclassical economics in all this.
Professor Hudson, in January you warned in Berlin at the Rosa Luxemburg Conference, about the still “dangerous” US financial imperialism. The US uses “financial weapons”, you said. Can you explain that briefly?
RT host and former NYT reporter Chris Hedges joins In Question to weigh in on the ongoing coup in Venezuela, how foreign governments are meeting in Canada to discuss how to oust Maduro, the likelihood of a major global conflict surrounding Venezuela and why the New York Times has supported U.S.-led coups.
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.
“Unrestrained financial exploitations have been one of the great causes of our present tragic condition.” — President Franklin D. Roosevelt, 1933
Why did gold and silver stocks just get hammered, at a time when commodities are considered a safe haven against widespread global uncertainty? The answer, according to Bill Murphy’s newsletter LeMetropoleCafe.com, is that the sector has been the target of massive short selling. For some popular precious metal stocks, close to half the trades have been “phantom” sales by short sellers who did not actually own the stock.
Congressman Dennis Kucinich, who has led Congressional efforts questioning the Constitutionality and the wisdom of the war against Libya, today appealed directly to President Obama to safeguard Libyan assets during this time of conflict. Continue reading →
This week Max Keiser and co-host, Stacy Herbert, look at the full scale currency war launched by the “tomb maker” and at hiring hair stylists as scabs to cross the bankers’ picket line. He also talks to Ellen Brown about Foreclosure-gate.
This week Max Keiser and co-host Stacy Herbert report on the scandals of George Soros and the IMF shaking out the gold market; US bank lending falling at the fastest rate in recorded history; and the trickle up unemployment pyramid. Keiser also speaks to The Market Ticker’s Karl Denninger about CDOs, synthetic CDOs and hiding Greek debt.
Paul Grignon, the creator of the popular “Money as Debt” documentaries, joins Economics 101 to discuss his solution for an alternative currency. Digital Coin operates as a system of unique digital objects that function as self-issued credit. The value of this is measured relative to a “Perpetual Coin” unit of measure and fluctuates based on demand for that individual’s goods and services. For much more information on this fascinating idea, please visit the Digital Coin website: http://www.digitalcoin.info