Acres Magazine Interview with Dr. Michael Hudson

[dbarberic]

Acre Magazine, a small organic farming magazine, interviews iTulip's own favorite, Dr. Michael Hudson.

Title: Debtor Nation, The Hijacking of America's Economy

Download the pdf:
http://www.acresusa.com/toolbox/repr...n08_Hudson.pdf

[Sapiens]

Re: Acres Magazine Interview with Dr. Michael Hudson

Wow, he didn’t mince any words, eh?

You cannot get it any clearer and direct than that, I hope Michael has not developed a sudden death wish.

Thanks for the link!

[c1ue]

Re: Acres Magazine Interview with Dr. Michael Hudson

Dynamite stuff!

I buy books extremely rarely based on interviews and such, but I'm going to buy several lots of "Super Imperialism: The Economic Strategies of American Empire" for gifts for Russian Men's day.

[Verrocchio]

Re: Acres Magazine Interview with Dr. Michael Hudson

Does anyone else see the following passage from the article as a possible harbinger when placed into the context of an impending poom?

The neoliberal plan was already outlined clearly before the Soviet Union broke up. The Houston report explained that it was necessary to wipe out everybody’s savings, which it called the “savings overhang,” in order to stop inflation, in this case referring to inflation of stock market prices for the industries being privatized. The idea, then, was first of all to wipe out everybody’s savings in hyperinflation, and then, when the economy had zero purchasing power, to privatize the entire economy. Now, if you sell off all of the government assets in an economy without any domestic savings available, obviously the only people who can buy them are foreigners — except for what the government gives away to its insiders, who will get it basically for free, or maybe for one cent on the dollar.

Try trading out a few key phrases and then place this comment in the immediate or intermediate future that iTulipers are expecting.

BTW, the reference to Tawney makes it clear to me that the Acres mag interviewer is no Ozark yokel.

[dbarberic]

Re: Acres Magazine Interview with Dr. Michael Hudson

Does anyone else see the following passage from the article as a possible harbinger when placed into the context of an impending poom?
The neoliberal plan was already outlined clearly before the Soviet Union broke up. The Houston report explained that it was necessary to wipe out everybody’s savings, which it called the “savings overhang,” in order to stop inflation, in this case referring to inflation of stock market prices for the industries being privatized. The idea, then, was first of all to wipe out everybody’s savings in hyperinflation, and then, when the economy had zero purchasing power, to privatize the entire economy. Now, if you sell off all of the government assets in an economy without any domestic savings available, obviously the only people who can buy them are foreigners — except for what the government gives away to its insiders, who will get it basically for free, or maybe for one cent on the dollar.

Try trading out a few key phrases and then place this comment in the immediate or intermediate future that iTulipers are expecting.

BTW, the reference to Tawney makes it clear to me that the Acres mag interviewer is no Ozark yokel.

Yeah... this is a great interview with Dr. Hudson.

This response did perk up my ears too and thought exactly the same thing you did.