Michael Hudson and Ralph Nader: The Federal Reserve, Quantitative Easing, and Who Runs the US Treasury

US Treasury

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by Michael Hudson
Writer, Dandelion Salad
October 17, 2022

Some follow up comments to my appearance on the Ralph Nader show.

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Richard Wolff: The Economics of the War and the Crisis Ahead

"SMASH CAPITALISM"

Image by Hossam el-Hamalawy via Flickr

Dandelion Salad

“We have, after World War II, systematically destroyed the Left: Communists, Socialists, Marxists, Anarchists, Labor Union activists, all of it. It is logical and not a surprise that an angry American working class goes to the right, it looks to the right to give them the explanation.” — Richard Wolff

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Michael Hudson and Ralph Nader: The Real Purpose of The Federal Reserve

Capitalism Kills

Image by Infinite Ache via Flickr

by Michael Hudson
Writer, Dandelion Salad
September 29, 2022

Ralph Nader Radio Hour on Sep 17, 2022

Ralph does a deep dive into the real purpose of the Federal Reserve and other aspects of the American economy with progressive economist, Michael Hudson.

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Michael Hudson: A Short History of Inflation in Modern Times

For All Debts...

Image by AK Rockefeller via Flickr

by Michael Hudson
Writer, Dandelion Salad
September 14, 2022

Multipolarista on Sep 8, 2022

Economist Michael Hudson discusses partial student debt relief in the US, inflation and the Fed, disaster capitalism in Ukraine, and China’s challenge to the petrodollar.

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PSL Editorial: The ‘Inflation Reduction Act’ Doesn’t Even Come Close

Washington DC - Capitol Building

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Dandelion Salad

by Liberation Staff
LiberationNews.org, Aug. 16, 2022
August 17, 2022

Joe Biden signed into law today the “Inflation Reduction Act” — a package of environmental, health care and tax measures that the administration is trumpeting as one of its crowning legislative achievements. But in reality, it represents a drop in the bucket compared to the scale of social crises workers are facing on multiple fronts.

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American Diplomacy as a Tragic Drama, by Michael Hudson

World War 3 - XV

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by Michael Hudson
Writer, Dandelion Salad
August 1, 2022

As in a Greek tragedy whose protagonist brings about precisely the fate that he has sought to avoid, the US/NATO confrontation with Russia in Ukraine is achieving just the opposite of America’s aim of preventing China, Russia and their allies from acting independently of U.S. control over their trade and investment policy. Naming China as America’s main long-term adversary, the Biden Administration’s plan was to split Russia away from China and then cripple China’s own military and economic viability. But the effect of American diplomacy has been to drive Russia and China together, joining with Iran, India and other allies. For the first time since the Bandung Conference of Non-Aligned Nations in 1955, a critical mass is able to be mutually self-sufficient to start the process of achieving independence from Dollar Diplomacy.

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Corporate Media Ignores Senate Hearing on Corporate Greed and Inflation, by Ralph Nader

Protest Sign06

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Dandelion Salad

by Ralph Nader
The Nader Page, April 8, 2022
April 9, 2022

It is exceedingly rare for a major congressional committee to hold hearings on “corporate greed” leading to corporate profiteering and surging prices on consumer goods. On April 5, 2022, Senate Budget Chairman, Senator Bernie Sanders (I-VT) chartered uncensored territory on corporate avarice with a lead witness, former Secretary of Labor, Robert Reich, now a professor at the University of California, Berkeley.

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Chris Hedges and Richard Wolff: The Precarious State of the US Economy

"SMASH CAPITALISM"

Image by Hossam el-Hamalawy via Flickr

Dandelion Salad

with Chris Hedges

Originally on RT America on Feb 13, 2022

The Chris Hedges YouTube Channel on Jun 29, 2022

On the show, Chris Hedges interviews economist Richard Wolff on the precarious state of the US economy and its consequences.

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Michael Hudson: Inflation and Illegal Repo Loans

Rich Uncle Pennybags

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with Michael Hudson
Writer, Dandelion Salad
January 13, 2022

Moderate Rebels on Jan 8, 2022

Economist Michael Hudson explains the inflation crisis and the Fed’s secretive $4.5 trillion bank bailout.

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How A Universal Basic Income Will Work, by Ellen Brown

Where's My Bailout? 700 Billion For Wall Street, $hr for me?

Image by Anna Hanks via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, Apr. 19, 2020
April 20, 2020

A central bank-financed UBI can fill the debt gap, providing a vital safety net while preventing cyclical recessions.

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Debate on Modern Monetary Theory (MMT) Parts 1-4 (updated)

For All Debts...

Image by AK Rockefeller via Flickr

Dandelion Salad

Updated: May 13, 2019

Modern Monetary Theory – A Debate: Randall Wray (Pt 1/4)

TheRealNews on Apr 22, 2019

Randall Wray, one of the founders of the economic theory known as Modern Monetary Theory (MMT) lays out some of its main arguments. Paul Jay hosts

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I is for Ideology by Michael Hudson

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
November 24, 2013

letter I

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Part I in the .

Ideology: A set of assumptions so appealing that one looks at their abstract logic rather than at how the world actually works. (See Insanity.)

Ignorance: Socrates said that ignorance was the source of evil, because nobody knowingly commits evil. But by pursuing their own narrow interests, the financial and property sector destroy the social unit, which is the essence of evil as viewed from an evolutionary vantage point. Thomas Hobbes wrote in Leviathan (1651) that “Ignorance of remote causes disposeth men to attribute all events to the causes immediate and instrumental: for these are all the causes they perceive.”

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The Great Global Debt Depression: It’s All Greek To Me by Andrew Gavin Marshall

by Andrew Gavin Marshall
Featured Writer
Dandelion Salad
July 15, 2011

Απεργία 5 Μάη

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In late June of 2011, the Greek government passed another round of austerity measures, ostensibly aimed at getting Greece “back on track” to economic progress, but in reality, implementing a systematic program of ‘social genocide’ in the name of servicing an endless and illegitimate debt to foreign banks. Right on cue, protests and riots broke out in Athens against the draconian measures, and the state moved in to do what states do best: oppress the people with riot police, tear gas and bashing batons, leaving roughly 300 people injured.

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Can We Give The Hyperinflation-thing a Rest? By Mike Whitney

https://dandelionsalad.wordpress.com/

Capitalism Kills

Image by Dandelion Salad via Flickr

By Mike Whitney
Information Clearing House
April 26, 2011

The Federal Reserve is not going to push the economy into Zimbabwean hyperinflation. That’s pure bunkum. The Fed’s plan is to weaken the dollar to boost exports and to force China to let its currency appreciate to its fair-market value. The policy should help to lower the US’s bulging current account deficit. By purchasing $600 billion in US Treasuries (QE2), the Fed effectively reduces the supply of risk-free assets, which sends investors into riskier assets like stocks and commodities. Is there an element of class warfare in the policy?

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Inflation Hits Money and Lies by Joel S. Hirschhorn

by Joel S. Hirschhorn
Featured Writer
Dandelion Salad
www.foavc.org
April 16, 2011

How do the powerful keep the US population dumb and distracted?  A key tactic has been using methodologies that produce totally misleading underestimates of key economic factors.  First we learned that official unemployment figures are too low by a factor of two.  Now, understand that the official rate of inflation hitting consumers is even more inaccurate.  You will hear about a low inflation rate of less than 3 percent.  In reality, it is closer to 10 percent, according to the highly regarded analysis by John Williams.

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