Is the USa Failed State with Michael Hudson (tags)
It’s a failed state because its economy is paralyzed and we’re in a debt deflation, an economic polarization, that is just transferring all wealth and income away from labor, away from industry, into really the financial sector and what I call the finance, insurance, and real estate sector.
Michael Hudson on de-dollarization (tags)
Krugman is saying that other people have no reason at all for what they’re doing. And when they move out of the dollar, there’s no reason for them to do it. If you read what these countries say, they explain why they’re doing what they’re doing. .
Third World Debt Deemed Illegal (tags)
People's Tribunal on the Debt in Porto Alegre finds $1.8 trillion in debt illegal; World Bank, IMF & other lenders guilty of genocide