Federated Governments: The Nation Versus The State, Part 2 by Arthur D. Robbins

Resist Imperialism

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by Arthur D. Robbins
Writer, Dandelion Salad
Paradise Lost, Paradise Regained
April 4, 2017

War has indeed become perpetual and peace no longer even a fleeting wish nor a distant memory. We have become habituated to the rumblings of war and the steady drum beat of propaganda about war’s necessity and the noble motives that inspire it.

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Iceland’s Fair Value Vultures by Olafur Arnarson, Michael Hudson and Gunnar Tomasson

by Michael Hudson
Featured Writer
Dandelion Salad
http://michael-hudson.com
Nov. 12, 2011

The New Bank Disaster
Olafur Arnarson, Michael Hudson and Gunnar Tomasson*

Iceland

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The problem of bank loans gone bad, especially those with government-guarantees such as U.S. student loans and Fannie Mae mortgages, has thrown into question just what should be a “fair value” for these debt obligations. Should “fair value” reflect what debtors can pay – that is, pay without going bankrupt? Or is it fair for banks and even vulture funds to get whatever they can squeeze out of debtors?

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Michael Hudson: Icelandic People Said No

with Michael Hudson
Featured Writer
Dandelion Salad
October 26, 2011

on Oct 25, 2011

Michael Hudson: Peoples of countries indebted without their consent should refuse to repay odious debts

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Meltdown – The Men Who Crashed The World

Dandelion Salad

Replaced first video Dec. 2, 2015 and added Parts 2-4

Spencer Campbell on Mar 26, 2013

Meltdown is a four-part investigation into a world of greed and recklessness that brought down the financial world. The show begins with the 2008 crash that pushed 30 million people into unemployment, brought countries to the edge of insolvency and turned the clock back to 1929.

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The Breakup of the Euro? by Michael Hudson

Dandelion Salad

By Michael Hudson
Global Research
May 30, 2011

Is Iceland’s rejection of financial bullying a model for Greece and Ireland?

Last month Iceland voted against submitting to British and Dutch demands that it compensate their national bank insurance agencies for bailing out their own domestic Icesave depositors. This was the second vote against settlement (by a ratio of 3:2), and Icelandic support for membership in the Eurozone has fallen to just 30 percent. The feeling is that European politics are being run for the benefit of bankers, not the social democracy that Iceland imagined was the guiding philosophy – as indeed it was when the European Economic Community (Common Market) was formed in 1957.

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Inside Job (trailer; 2010)

Greedy Corporate America

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Dandelion Salad

Note: replaced video Aug. 8, 2017

SonyPicturesClassics on Aug 27, 2010

From Academy Award® nominated filmmaker, Charles Ferguson (“No End In Sight”), comes INSIDE JOB, the first film to expose the shocking truth behind the economic crisis of 2008. The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Through extensive research and interviews with major financial insiders, politicians and journalists, INSIDE JOB traces the rise of a rogue industry and unveils the corrosive relationships which have corrupted politics, regulation and academia. Narrated by Academy Award® winner Matt Damon, INSIDE JOB was made on location in the United States, Iceland, England, France, Singapore, and China.

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Why Iceland Voted ‘No” to the Diktats of the Creditor Banks by Michael Hudson

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by Prof. Michael Hudson
Global Research, April 11, 2011

About 75% of Iceland’s voters turned out on Saturday to reject the Social Democratic-Green government’s proposal to pay $5.2 billion to the British and Dutch bank insurance agencies for the Landsbanki-Icesave collapse. Every one of Iceland’s six electoral districts voted in the “No” column – by a national margin of 60% (down from 93% in January 2010).

The vote reflected widespread belief that government negotiators had not been vigorous in pleading Iceland’s legal case. The situation is reminiscent of World War I’s Inter-Ally war debt tangle. Lloyd George described the negotiations between U.S. Treasury Secretary Andrew Mellon and Stanley Baldwin regarding Britain’s arms debt as “a negotiation between a weasel and its quarry. Continue reading

The Economic Crisis in Iceland: “IMF Medicine” is not the Solution by Michael Hudson

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by Prof. Michael Hudson
Global Research, April 8, 2011

Will Iceland Vote “No” on April 9, or commit financial suicide?

A year ago, in March 2010, Iceland’s economy was so small that it did not warrant much attention when 93% of its voters rejected the Social Democratic-Green government’s surrender to Gordon Brown and the Dutch, the European Union (EU) bureaucracy and IMF demands that it impose austerity as penance for believing the neoliberal fairy tales about how bank deregulation and “free markets” would make it the richest, happiest country in the world. Indeed it seemed to be, according to United Nations data. But the dream was dashed after the Icesave electronic Internet bank branches abroad were emptied out by their proprietors.

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Michael Hudson: Criminalization of the Economy

poverty has a woman's face

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https://dandelionsalad.wordpress.com/

with Michael Hudson
Bonnie Faulkner
Guns and Butter
http://www.kpfa.org
March 16, 2011

Financial and fiscal austerity policies; the appeal of economic austerity to bankers; economic depression and war; post-WWII vs. post-cold war economic policy; government to government grants vs. commercial lending; the euro and dollar; privatization in New Zealand and elsewhere; social unrest; speculation and prices; criminalization of the economy; impoverishment of the US.

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Prof. Michael Hudson: The Long Collapse

https://dandelionsalad.wordpress.com/

AmericanMonetaryInst | October 13, 2010

Michael Hudson: Author, Super Imperialism and Global Fracture; editor, Debt and Economic Renewal in the Ancient Near East; economic commentator for National Public Radio; distinguished Professor of Economics, University of Missouri, Kansas City, and Chief Economic Advisor to the 2008 Kucinich for President campaign. Dr. Hudson was the first to publicly identify the mechanism of “Dollar Imperialism” through the U.S. balance of payments deficits. His talk will focus on the coming momentous monetary developments in the Icelandic and Latvian crises, and their implication for future crises resolutions.

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Julian Assange: Why the world needs WikiLeaks

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TEDtalksDirector | July 19, 2010

http://www.ted.com The controversial website WikiLeaks collects and posts highly classified documents and video. Founder Julian Assange, who’s reportedly being sought for questioning by US authorities, talks to TED’s Chris Anderson about how the site operates, what it has accomplished — and what drives him. The interview includes graphic footage of a recent US airstrike in Baghdad.

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The Meaning of Austerity by James Corbett

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by James Corbett
The Corbett Reoprt
22 June, 2010

It’s an old trick to couch a painful reality inside of a flowery platitude. We hear it all the time in our daily lives, and for the most part we know how to read between the lines when someone tries to do it to us.

When your doctor tells you that “This will only hurt a bit,” you know enough to brace yourself for a painful procedure. When your boss tells you he has an exciting new project for you to work on, you know you’re about to get saddled with the job that no one else wants to do. When a salesman tells you a used car is a fixer-upper, you know you’re looking at a lemon.

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The Coming European Debt Wars by Prof. Michael Hudson

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by Prof. Michael Hudson
Global Research
April 9, 2010

EU Countries sinking into Depression

Government debt in Greece is just the first in a series of European debt bombs that are set to explode. The mortgage debts in post-Soviet economies and Iceland are more explosive.  Although these countries are not in the Eurozone, most of their debts are denominated in euros. Some 87% of Latvia’s debts are in euros or other foreign currencies, and are owed mainly to Swedish banks, while Hungary and Romania owe euro-debts mainly to Austrian banks. So their government borrowing by non-euro members has been to support exchange rates to pay these private-sector debts to foreign banks, not to finance a domestic budget deficit as in Greece.

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On the Edge with Max Keiser: Michael Hudson: Obamacare is a give away to Wall Street

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MaxKeiserTV

April 02, 2010 — http://maxkeiser.com Continue reading