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 Most RecentEconomics Archive

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At the risk of appearing to be a shill, I think it is safe to say that China arguably has the best mobile phone service in the world, certainly second to none, while the US and Canada have arguably the worst, surely the most fragmented and dysfunctional, and certainly the most expensive. Let's look at... Read More
Instead of buying into the World Economic Forum’s dystopian “Great Reset,” we can build an alternative system with a mandate to serve the people. This is part two to a May 4, 2022 article called “A Monetary Reset Where the Rich Don’t Own Everything,” the gist of which was that national and global debt levels... Read More
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Peter Scott, RT anchor: Joining us now is Michael Hudson, economist and author of "Super-Imperialism" and the recently-published "Destiny of Civilization”. Welcome to the programme, Michael. Michael Hudson: It’s good to be back. PS: Let’s say all these European programmes like the REPOWER Programme come into effect, how do you expect the EU standing to... Read More
The most important factor affecting the global economy is the increasing strain caused by U.S. hegemony. Its diplomacy has shaped the economic and trading rules enforced by the IMF, World Bank and other international institutions in America’s favor after World War II. U.S. leadership reached its peak with its Cold War victory over the Soviet... Read More
BENJAMIN NORTON: Hey, everyone. I’m Ben Norton, and this is the Multipolarista podcast. And I have the great pleasure of being joined today by one of my favorite guests, one of I think the most important economists in the world today. I’m speaking with Professor Michael Hudson. If you’ve seen any of the interviews I’ve... Read More
Numbers out this morning put inflation at an alleged 8.3%, and the whole media is claiming that this is “at a 40-year high.” It’s not actually at a 40-year high. It’s the highest inflation ever. When they claim it is merely a 40-year high, this makes people think “oh well, at least at some point... Read More
If the inflation narrative we are being fed is true, the sanctions policy of the US government makes no sense as the worst sufferers are the American and European populations who are paying for the supply restrictions in higher prices and interest rates. As Russia is an exporter of energy and minerals, higher prices result... Read More
We have a serious debt problem, but solutions such as the World Economic Forum’s “Great Reset” are not the future we want. It’s time to think outside the box for some new solutions. In ancient Mesopotamia, it was called a Jubilee. When debts at interest grew too high to be repaid, the slate was wiped... Read More
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Elite Admissions, Asian Quotas, and the Free Harvard/Fair Harvard Campaign
For at least the last two generations, American conservatives have been loudly complaining about the racially-based employment and admission policies widely described as "affirmative action." I know this to be true because as a youngster in the 1970s, strong opposition to affirmative action was the primary issue that gradually drew me towards the Republican Party,... Read More
Alexandria Ocasio-Cortez (Credit Image: © Michael Brochstein / ZUMA Press Wire) On Friday, Congresswoman Alexandria Ocasio-Cortez sent off a series of tweets that proved popular: This is a common refrain on the Left: “If the (far) Left is so powerful, why isn’t America socialist?” The question ignores race. The reason America isn’t socialist, despite a... Read More
KATIE HALPER: Professor Michael Hudson, thank you so much for joining us. We're really excited to have you. We wanted to start off by asking you if you could provide an overview of what the economics driving this conflict are—and by conflict, I mean the conflict between Russia and Ukraine, and, of course, with the... Read More
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Russia pivots to the dynamic East and fast developing Global South
2014 saw two pivotal events that led to the current conflict in Ukraine. The first, familiar to all, was the coup in Ukraine in which a democratically elected government was overthrown at the direction of the United States and with the assistance of neo-Nazi elements which Ukraine has long harbored. Shortly thereafter the first shots... Read More
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The most dangerous thing about Elon Musk buying Twitter outright for $44 billion is the rapidly spreading notion that his controlling an influential social media platform is dangerous. It is, but not for any of the reasons his critics assert. The current furor is dangerously misguided for two reasons. First, it assumes that one billionaire... Read More
Today in Florida the only places you need a mask are offices of medical conglomerates, such as Ascension (Sacred Heart), a hospital group that also has doctor’s offices where the MD is hired and not in private practice, and Quest Diagnostics where medical tests are performed. In bureaucratic organizations, once a rule is introduced the... Read More
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Earlier: Ellen K. Pao In Jeff Bezos' WASHINGTON POST On Elon Musk: We Must "Prevent Rich People From Controlling Our Channels Of Communication" As a Twitter shareholder of record since late 2018, when the stock was trading around $28 per share, I am naturally delighted by Elon Musk’s dramatic $54.20 per share takeover of the... Read More
An Intellectual and Political History
Just over a decade ago, minimum wage laws had largely vanished from the American political debate. Although they still remained on the books, they had fallen sharply in real terms, with the federal figure of $7.25 per hour being roughly one-third lower than at its 1968 peak. Relative to the overall productivity of the American... Read More
The Biden administration and its allies continue to use Russian President Vladimir Putin as the convenient excuse for their economic failures. The most recent falsehood is that Russia’s invasion of Ukraine caused March’s 8.5 percent year-over-year increase in the Consumer Price Index (CPI). Prices were surging long before Russian troops entered Ukraine. Furthermore, Putin did... Read More
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Below I present the abridged version of an interview that I conducted with Andrei Tsiganov in St. Petersburg on March 30th. Mr. Tsiganov is a political activist in Russia. You may not have heard of him personally, but it far more likely that you have heard of some of the activity that he and his... Read More
Leading Russian economist Sergey Glazyev says a complete overhaul of the western-dominated global monetary and financial system is under works. And the world\
Sergey Glazyev is a man living right in the eye of our current geopolitical and geoeconomic hurricane. One of the most influential economists in the world, a member of the Russian Academy of Sciences, and a former adviser to the Kremlin from 2012 to 2019, for the past three years he has helmed Moscow’s uber... Read More
Sergey Glazyev
Why did Putin appoint a financial terrorist to run Russia's Central Bank? Did he know he was putting Russia's future in the hands of someone whose interests align more closely with power-mad globalists than with the Russian people? Does he understand the role the Central Bank chief played in facilitating Washington's theft of Russia's foreign... Read More
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It is now clear that today’s escalation of the New Cold War was planned over a year ago, with serious strategy associated with America’s plan to block Nord Stream 2 as part of its aim of blocking Western Europe (“NATO”) from seeking prosperity by mutual trade and investment with China and Russia. As President Biden... Read More
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The stunning spectacle of the EU committing slow motion hara-kiri is something for the ages. Like a cheap Kurosawa remake the movie is actually about the Empire of Lies-detonated demolition of the EU, complete with subsequent rerouting of some key Russian commodities exports to the US at the expense of the Europeans. It helps to... Read More
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Russia Is Following the American Playbook
No country has successfully challenged the U.S. dollar’s global hegemony—until now. How did this happen and what will it mean? Foreign critics have long chafed at the “exorbitant privilege” of the U.S. dollar as global reserve currency. The U.S. can issue this currency backed by nothing but the “full faith and credit of the United... Read More
Hunter Biden at Center for Strategic & International Studies
I promised an article on the pro-Kremlin faction of the oligarchs, but that will have to wait until we get a final head count of who fled and who stayed in Russia. Friends today, enemies tomorrow — such is life in… well just about anywhere nowadays. Instead, we should probably say a few words about... Read More
Saddam, Gaddafi, Iran, Venezuela – they all tried but couldn’t do it. But Russia is on a different level altogether. The beauty of the game-changing, gas-for-rubles, geoeconomic jujitsu applied by Moscow is its stark simplicity. Russian President Vladimir Putin’s presidential decree on new payment terms for energy products, predictably, was misunderstood by the collective west.... Read More
1) Help FFWN expose who really runs the world! Ukraine War: Who Did What When Why? 2) Evidence that the US imperialists “predicted” Russia’s invasion of Ukraine months before it happened 3) US Dollar Hegemony Ended Abruptly Last Wednesday Succeeding Wildly 4) “Russia is Succeeding Wildly in its Objectives!” Scott Ritter on the War in... Read More
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A new reality is being formed: the unipolar world is irrevocably becoming a thing of the past, a multipolar one is taking shape It was something to behold. Dmitri Medvedev, former Russian President, unrepentant Atlanticist, current deputy chairman of the Russian Security Council, decided to go totally unplugged in an outburst matching the combat star... Read More
This essay is part of my series on Big Pharma titled "A Litany of Pharma Crimes" [1] This is of special importance because it relates to our current COVID-19 catastrophe and all these separate segments form dots that need to be connected to fully appreciate and understand what is happening to our world today. In... Read More
The White House Moron wants to tax unrealized capital gains, and some neoliberal economists think it is a good idea. Let’s take a look and see what we think. A capital gain is an increase in the price of something since you purchased it. It could be a stock, a bond, a house, artwork, gold,... Read More
The idiot Biden Regime’s sanctions have turned out to be a great gift to Russia while driving up inflation in the US and its empire, forcing Washington to remove some of the sanctions. The sanctions have created a great opportunity for import substitution in Russia. Russian investment in the Russian economy prevents foreign ownership from... Read More
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I’ve yet to see anyone other than leftists, Jews, neocons, and satanic neo-Nazis actually “Standing with the Ukraine.” I’ve seen some allegedly “nuanced” takes on the Ukraine intervention. People seem to want to make themselves feel smart by saying “I understand Putin’s motivations, but I’m not going to support either side.” This isn’t really nuanced,... Read More
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Interview with Margaret Flowers, Clearing the Fog
Margaret Flowers: You're listening to Clearing the FOG, speaking truth to expose the forces of greed, with Margaret Flowers. And now I turn to my guest, Michael Hudson. Michael is the president of the Institute for the Study of Long-term, Economic Trends, ISLET. He's a Wall Street financial analyst and a distinguished research professor of... Read More
Conversations with Scott Ritter and Michael Hudson
TRANSCRIPT GR (Michael Welch): Great privilege to speak with you again Mr. Hudson. Welcome! Michael Hudson: Thanks for having me on! GR: Now, We’re seeing NATO unifying together behind the US call to sanction Russia, including removal from the SWIFT system. They’re being hit with sanctions to hurt, sanctions from hell as President Biden would... Read More
Does the US have any understanding of what is going on? I think these people are stupid. They are sitting around saying, “hahaha, we are Great Resetting them good now!” without comprehending the implications. RT: A system allowing direct rupee-ruble payments in trade between Russia and India could be launched this week, the president of... Read More
Gold ruble, Ukraine military collapse
Lots of startling changes yesterday. Russia announced, apparently, a gold-backed or gold-related ruble. I haven’t had time to think about all the implications. Information is hard to come by, because the US blocks Russian news in order to control the Ukraine narrative and war propaganda. The Bretton Woods system collapsed when the West seized Russian... Read More
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Mariupol, the strategic Sea of Azov port, remains in the eye of the storm in Ukraine. The NATO narrative is that Azovstal – one of Europe’s biggest iron and steel works – was nearly destroyed by the Russian Army and its allied Donetsk forces who “lay siege” to Mariupol. The true story is that the... Read More
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Like Westbrook Pegler, I’m a member of the rabble in good standing. So when I want to hang out with my kind, I click into the comboxes under my articles, or consider carefully emails about them. I did this after Unz.com reposted my VDARE.com piece on the Indians who control Big Tech, who have become... Read More
Joe Lauria Welcome to CNLive! Season Four Episode Five: “Ukraine The Economic Fallout.” I’m Joe Lauria, editor in chief of Consortium News. Elizabeth Vos And I’m Elizabeth Vos. Joe Lauria The collective west, led by the United States, declared economic war against Russia last month in response to the invasion of Ukraine, imposing perhaps the... Read More
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The United States government is the king of the entire earth. They can force anyone to do anything, because of the strength of their values. No one is allowed to disagree with American wars. If people try to disagree with democracy wars, we will threaten and destroy them. That’s not just our values – that’s... Read More
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*The title is a tongue-in-cheek homage to the ever-growing list of articles arguing The conservative case for something entirely un-Conservative with The conservative case for gay marriage still the ne plus ultra of the genre. The genesis of woke capital While the right has focussed on cultural Marxism in explaining the rise of political correctness,... Read More
If not it means a devastating war
Readers regard the West’s seizing of Russian assets and foreign exchange as acts of war and wonder why Putin does not declare them as such. The sanctions are weapons being used in an effort to destroy Russia just as if they were military weapons. The countries imposing sanctions on Russia are just as involved in... Read More
Unfortunately, the sanctions the US put on Russia do not appear to be harming Russia at all, even as they are furthering the destruction of the economy of the West, and setting the stage for a collapse of the dollar as reserve currency. Russia has just announced that if Europe wants its oil, they’re going... Read More
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I don’t think you people understand how big of a deal all this economic stuff that is happening actually is. It’s very difficult even for me to watch it all playing out in real time. Basically, the whole world had agreed to a US-run financial system that was outside of the realm of politics. Then,... Read More
Putin is catching on
Putin Orders Ruble Payments for Energy But he has a way to go When will Putin realize that Russian default on loans is the proper response to the seizure of Russian assets? Russia would have to be extremely foolish to borrow another cent from the West. Therefore, why protect access to foreign borrowing by continuing... Read More
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Ross [00:00:29] Welcome to Renegade Inc. Whatever the outcome in Ukraine, one thing is for sure the economic reverberations will be felt by everyone for years to come as the world divides between the West and a rapidly reshaping Eurasia. Ross [00:00:49] Michael Hudson, always a pleasure to have you on the programme, welcome to... Read More
This is what the White House spokes idiot Jen Psaki describes as “wrecking” the Russian economy: The unprecedented sanctions against Russia have pushed energy costs higher in Europe and the US, driving record inflation and making it ever more expensive for farmers and truckers to fuel their machinery, afford fertilizer or keep up with other... Read More
The US government’s Consumer Price Index indicates prices have increased 7.9 percent in the last year. While this statistic shows the highest rate of increase in forty years, it still understates the amount prices have increased, in part because the statistic is manipulated to minimize reported price increases. A stealth form of inflation is “shrinkflation.”... Read More
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The United States, which is now officially a rogue state, acting out to inflict terror on the entire world in the name of supporting a fake war they cannot hope to win, has begun more aggressively lashing out against the rest of the world. The current US Administration appears to be confused as to why... Read More
A commentator sent to me on Wednesday the economic component of Putin’s speech about the economic measures the Kremlin is taking to adjust to the economic sanctions, asking me to decipher it. Putin’s speech is reproduced below. Perhaps I am mistaken, but it looks to me like Russia was not prepared for sanctions and is... Read More
This book is a brilliant and comprehensive analysis of the Covid-19 crisis and the worldwide states of siege instituted under its cover. Reading it, one cannot help but shake one’s head in outrage at the long-planned nature of the wealthy global elite’s seizure of power under the guise of a germ emergency and the revolutionary... Read More
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The sources of America’s immigration problems—and a possible solution
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