Michael Hudson: Dangerous US Financial Imperialism

Capitalism = economic terrorism

Image by duncan c via Flickr

by Michael Hudson
Writer, Dandelion Salad
February 15, 2019

An interview on Sputnik News – January 23rd.

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?

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The Venezuelan Myth by Ellen Brown

Hugo Chávez saludando al pueblo

Image by Globovisión via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
February 10, 2019

Modern Monetary Theory (MMT) is getting significant media attention these days, after Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the Green New Deal. According to MMT, the government can spend what it needs without worrying about deficits. MMT expert and Bernie Sanders advisor Prof. Stephanie Kelton says the government actually creates money when it spends. The real limit on spending is not an artificially imposed debt ceiling but a lack of labor and materials to do the work, leading to generalized price inflation. Only when that real ceiling is hit does the money need to be taxed back, and then not to fund government spending but to shrink the money supply in an economy that has run out of resources to put the extra money to work.

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Michael Hudson: Jesus Would Have Cancelled The Debt But Obama Bailed Out Wall Street

cancel the debt

Image by Friends of the Earth International via Flickr

by Michael Hudson
Writer, Dandelion Salad
September 14, 2018

With Max Keiser on the history of debt from the Bronze Age onwards. Max poses the question, has a historical precedent been set with the bailing out of creditors, not debtors in 2008?

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Chris Hedges: The Decline of the American Empire and The Rise of China

Chris Hedges: The Decline of the American Empire and The Rise of China

Screenshot by Dandelion Salad via Flickr
Watch the video below

Dandelion Salad

with Chris Hedges

RT America on Nov 26, 2017

Alfred McCoy, Harrington Professor of History at the University of Wisconsin-Madison, explains the decline of the United States as a global power and the rise of the Chinese empire.

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Is Doomed Dollar Really Behind Obama’s Iran Warning? by Finian Cunningham

Don't Attack Iran

Image by Kathryn via Flickr

by Finian Cunningham
Writer, Dandelion Salad
East Africa
Crossposted from RT
August 16, 2015

US President Barack Obama has given an extraordinary ultimatum to the Republican-controlled Congress, arguing that they must not block the nuclear accord with Iran. It’s either “deal or war,” he says.

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Inviting Chaos: The Perils of Toying With the Debt Ceiling by Ellen Brown

by Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
May 28, 2011

[T]hreatening to default should not be a partisan issue. In view of all the hazards it entails, one wonders why any responsible person would even flirt with the idea. — Alan S. Blinder, Princeton professor of economics, former vice chairman of the Federal Reserve

A game of Russian roulette is being played with the national debt ceiling. Fire the wrong chamber of the gun, and the result could be the second Great Depression.

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Jane D’Arista: Can the US dollar collapse? + Can US dollar remain world’s currency?

https://dandelionsalad.wordpress.com/

TheRealNews

April 14, 2010 — D’Arista: US dollar as world’s reserve currency is great if you own a bank; not much good for Main St.

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“Will the Dollar still be the World’s Reserve Currency in 5 Years?” By Mike Whitney

Dandelion Salad

By Mike Whitney
Information Clearing House
October 29, 2009

Capitalism Kills

Image by Dandelion Salad via Flickr

Interview with Menzie Chinn

1-Mike Whitney: What is the present composition of reserve holdings in central banks–and has there been a substantial falloff in US dollar reserves in recent years? (Are central banks ditching the dollar?)

Prof. Menzie Chinn: I’ve found it puzzling that there’s all this talk about the prospects for the dollar, in the wake of the G-20 meetings, and more recently World Bank President Zoellick’s comments about the primacy of the dollar as a reserve currency. My puzzlement arises from the fact that many of the concerns now being voiced have been voiced before.

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