Webinar with Michael Hudson: a 4000-year perspective on economy, money and debt
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- Опубликовано: 26 апр 2021
- This webinar were hosted by Jussi Ora, Positiva Pengar, Sweden.
More information about the webinar and links to transcript in English and Swedish are published below. You can also watch the video with English and (soon to come) Swedish subtitles.
INFORMATION IN ENGLISH
The history of money and debt can make us understand more of the economy, the power of the financial elite and how the world is governed today. This is the claim of economics professor Michael Hudson, who has also been an adviser to governments in the USA, Russia and China. Now he comes to Positiva Pengar to tell how history has been a struggle over who should benefit from the ownership, the money and the debts.
The Bible talks about jubilee years that recurred at certain intervals when all debts were written off. This was to correct imbalances that arise in economies over time. When economics professor Hudson in 1994 published his research that biblical debt relief dates back two thousand years to the Babylonian and Sumerian traditions, it was very controversial. Today it is recognized by Assyriologists, but among most economic thinkers the idea is taboo.
Why was debt write-off a matter of course several thousand years ago, but not today? Hudson's research shows that, as he writes, “Debts that can't be paid, won't be paid.” How then will it be resolved? Do you want to know more? Watch this webinar.
You can read a transcription of the webinar here:
positivapengar.se/michael-hud...
You can donate here to help us produce and transcribe more webinars : positivapengar.se/donate/
INFORMATION PÅ SVENSKA
Pengars och skulders historia kan få oss att förstå mer av ekonomin, finanselitens makt och hur världen styrs idag. Det hävdar ekonomiprofessorn Michael Hudson, som även varit rådgivare till regeringar, bland annat i USA, Ryssland och Kina. Nu kommer han till oss för att berätta hur historien varit en kamp om vem ägandet, pengarna och skulderna ska gynna.
I Bibeln står det om jubelår som återkom med vissa mellanrum då alla skulder avskrevs. Detta var för att rätta till obalanser som uppstår i ekonomier över tid. När ekonomiprofessor Hudson1994 publicerade sin forskning om att biblisk skuldavskrivning hade tvåtusen års anor redan i babylonisk och sumerisk tradition, var det väldigt kontroversiellt. Idag är det erkänt av assyriologer, men bland de flesta ekonomiska tänkare är idén tabu.
Varför var skuldavskrivning en självklarhet för flera tusen år sedan, men inte idag? Hudsons forskning visar att, som han skriver, "skulder som inte kan betalas kommer inte att betalas”. Hur ska det då lösas? Kom och lyssna på denne eminente forskare då han delar med sig av sin kunskap om pengars och skulders historia och dess koppling till det som sker idag.
Du kommer kunna titta på filmen med svenska undertexter och ladda ner en svensk transkriberad version snart från Positiva Pengars hemsida.
Michael Hudson is the most brilliantly honest economist on the planet.
That's the truth! ❤
Life-changing. I came here randomly, looking for something to fall asleep too. Suddenly it’s 5 AM and I’m hooked. This is so radical in a good way
There are so few who see the big picture clearly and are willing to talk about it. Micheal Hudson is one of them, which makes him a treasure.
He is s shill. Talking head. He is a member of the club. Do just a little research.
@@HOWBAZARY tell me more, what club?
@@HOWBAZARY Hudson learned from his experience in the banking industry that people like yourself simply don't understand the system, or if they do, they are lying to everyone else for their own benefit.
Bombshell info on EU and US Empire
Thank you Michael Hudson
🙌
Host : "Democracy is a good thing "
Michael (with a smile):
" Democracy is the political stage immediately before oligarchy "
- Eric Idle ( of Monty Python)
Thankyou all, for an excellent discussion.
Michael knows that Archytas promoted Western equal-tempered tuning as "social harmony" based on logarithmic math as mass mind control for the inverse exponential function (with the square root of two as the Tritone music interval that is the inherent Tyrant of Democracy - each citizen valued at 9/8 major 2nd music interval from Plato). thanks
A masterclass of economic history! Thank you Professor Michael Hudson!!
I love Michael Hudson, and yes, this should have millions of views.
Wonderful reality-based interview. Michael Hudson has worked in the belly of the Beast.
Michael Hudson is God !!! Bless him and keep him safe.
Hudson is always a good listen!
Professor Hudson is living proof that ... with age , comes built-up integrity . The man hasn't let me down ( yet ) .
He is a shill gatekeeper. Hudson is a talking head. He just speaks in Hegelian Dialectic.
Dr. Hudson is a fabulous unrecognized scholar!
The aristocracy of yesterday are the financers of today. Nothing ever changes.
You forgot about revolutions and communists)
Everyone is a communist. Do you live in a community? Do you communicate with other people?
@@Guitarpima Have you ever read the definition of communism?
This was the best! Thousands should listen to this lecture. And excellent Q&A. Congrats!
Thanks :) If you are interested in our next webinar with Hudson, subscribe here and help us share the event: bit.ly/2RpJQ85
@@positivapengar1312 Both you and the speaker are most likely Freemasons. Your handle "Positiva Pengar RUclips = 101. Your both talking heads and shill gatekeepers. You both talked a lot but didn't say much. Who writes your script the "CFR"?
Imagine more professors like him in the top universities..
That's why are youth are brainwashed and stupid. Both these guy's are Freemason scum bags. Do just a little research on men talking. You will find that they say one thing and do another.
They have to teach in other countries because ours won't allow socialism to be taught here.
Michael Hudson showed me the light of democratic socialism (advanced capitalism), and that the banks are the problem, not the government. I've read all of his books, some more than once. My degree is in Industrial Engineering so he speaks to me.
Chris Hedges illuminates American politics and society for me. I've only read some of his books.
*in my best Denzel Washington - Training Day voice*
My Man....
michael has said himself many times that socialism in the US is not going to be possible without a revolution
I wish people would understand the difference between capital and currency. Labor is capital. It is not a battle between labor and capital, it is a battle between capital in currency. Rich people have you believing that capital is currency. If a corporation wants to start a project, they call the bank to raise capital. Correct? If that corporation cannot get anyone to work on that project, all they have is currency. They have no capital. Professor Wolf says it all the time: Your brains your muscles. Capital - head or top, tally. He leaves out the tally part but describes how it should work. It is your brains your muscles your tally that does all the work. You, labor, are the capital.
I loveMichael’s interviews and dialogues . 🙏
If you are interested in our next webinar with Hudson, subscribe here and help us share the event: bit.ly/2RpJQ85
@@positivapengar1312 sure thing thanks 🙏
Quote The university of Chicago, the root of all evil"
Thanks Michael 🤗💕☮️🌏
That was fantastic. If only someone had the power to just put Michael Hudson in charge of the entire
economy, beginning with the US. He's probably one of only a few minds who have a grasp on what is
going on in this sphere. It's tantamount to a new revelation since the Cartesian circa 1650.
'From the comfort of the womb, we fall into the restless world of reality
with a bitter scream.
Then we're given a pacifier to shut up. However, most of us can't let go of this pacifier until
we die. Those who make the world exponent with art, literature and philosophy; they prefer
the cry to the pacifier.' [From the Sufi poet Rumi]
By consulting with the CCP, Michael Hudson is in control of the US economy by proxy; it’s just that the sycophants to the oligarchy haven’t recognized that they’ve already lost hegemonic power. Economic dislocation of Western monetarism is already a fore-gone conclusion. The failure of the TTP & TTiP are a failed global corporate-sector coup d'etat. The privatization of the monetary supply through blockchain crypto is another attempt to recover global hegemonic power but the West is at least 10 years behind China in creating a sustainable monetary system. This is why the US was forced to bailout industry and banking with MMT dollar devaluation methodologies over the past 25 years. Neoliberal Austerity is not a tactical reorganization of the economy, it’s a strategic failure of the WTO and World Bank. The recent doubling of the US military budget in the past 2-3 years is simply a show of weakness, demonstrating to the Empire‘s host economies that it is willing to continue taking what other Nation-States may soon be unwilling to give: perpetual servitude to the parasitic oligarchs feeding off the corpse of an already defeated Empire.
I suggest that your children begin learning Chinese if you’d like an iota of a chance to avoid becoming chattel slaves while global governance iterates through processes of continuous revolution in an attempt to prevent the further social corruption and injustice imposed by a psychopathic Western Civil Order.
Economic Liberalism is just another form of Social Fascism in disguise. Now you know why Dr. Hudson is genuinely certain that he has few ideas for pragmatic reconstitution the legitimacy of the social contract through liberal economic reforms; it’s simply impossible. Social revolution is our only pathway to salvation, and you know it’s true because it’s the subject that is most taboo among Western peoples.
Fake news is just an attempt by the establishment to prevent widespread knowledge that we’ve been subjected to a fake civilization since the debt Jubilee-years were revoked.
The solution relates to a continuous non-violent social and economic revolution, which can lead to direct-democratic Socialism, then anti-authoritarian Communism, followed by egalitarian Prosocial Anarchy.
All attempts to reform our psychopathic forms of representative-government are accelerating an endogenous 6th extinction; the increasing percentage of GDP dependency on the FIRE sector should have been a clue… the militarization of the State control should make this clearly irreversible, while our narcissistic political class panics over the prospect of degrowth and Capitalism’s preeminent collapse.
@@grb1969 Thanks for this elegant summary of the miserable state of affairs humanity finds itself in. Seriously. At this point, one of the few lights I can find to shine on life during this period is that we can, if we choose, still make our remaining minutes meaningful. This is perhaps best expressed by the following quote:
“Hope is definitely not the same thing as optimism. It is not the conviction that something will turn out well, but the certainty that something makes sense, regardless of how it turns out. It is the ability to work for something because it is good, not because it stands a chance to succeed.” --Vaclav Havel, author, former dissident, and first president of the Czech Republic.
Confucius insisted that merchants and generals be excluded from government; in effect, the exact opposite of what we have in the US.
Wow, thanks algo. Special treat with Michael .. always enjoy
1:56:53: great prediction, it's %27 but the proff hudson saw it coming two years out!
Dr Hudson is Brilliant!A Riveting Interview!
I wish this stuff was discussed in Finnish politics, but it's all austerity crap and going in to euro debt to bailout German and French banks disguised as "corona relief." :(
"Susanna Kaukinen" "finnish nationalist"
Awesome!
Thank you, that was amazing, as is the norm for Hudson's articulate and wide ranging understanding of like...everything basically.
One thing in particular was Plato's whole 'five regimes' thing, something I was always curious about, specifically why "democracy" was ordered directly before "tyranny", and largely unaware of Aristotle's contributions it seemed to me to be more of a hubris that tended to side with the notion of "philosopher king" ruling elites ("aristocracy" being at the top seemed to lend credence to this), but the recontextualization offered by Michael puts things in yet another new perspective in that they were describing a historical cycle of sorts rather than a linear ordered list (if I understand correctly that is). Gonna have to read some more I suppose, but yes thank you!
Very enlightening - thank you! I found this video after reading you book: J is for Junk Economics. What an eye opener..
J is for Junk Economics = 113. Hudson is a complete shill.
@@HOWBAZARY shill for whom?
Every individual needs to keep only enough for a comfortable life,
donating everything else to ending hunger and global warming.
From each according to their ability to each according to their need.
Comfort is based on perspective. You sound like a socialist Jesuit.
Vraiment extraordinaire....!!!Les Banques Canadiennes sont très actives dans les paradis fiscaux.... criminelles!
Grazie
I going to have to watch this 10⁹ times 😂.
Also read And Forgive Then Their Debts" and The Collapse Of Antiquity.
What a complete Swede!! Thank you for hosting M. Hudson though 👍
Great interview! Is there any place where we can see the lecture that Prof Hudson refers to that he gives? Are those online?
Informative and enlightening thank you.
Really? He talked for a while but didn't say much. Hegelian Dialectic at best.
Yes, the truth is a major downer. Very depressing.
the truth can often be depressing.
capital requires itseld not to be part of the social system however debt is controlled by the state (education, land mortgage, business). now capital controls the state unlike in China and Russia .... which is why they are deamonised, because those government's dictate to cocacola, boeing and musk rat to regulate them as in the west they regulate the governence structures! very different😶.
truth is an upper! truth shows that you have a choice, however difficult or hard! 45:56.....the choice is your own and most chose not to chose so you should feel free to call them degenerates to their face abs explained why they are the dregs of humanity. you are the change you want to see. 🤔😶
This is another’s insiders view on the Confessions of an Economic Hitman-- a “must read “ by John Perkins.
What a great interview. Hudson and Sowell should run the world . The only hole in his argument i can see is we have to hope we get an honest incorruptible goverment😅
Anarchy is not what we were taught. It means no rulers, not no rules! If we abide by natural law, we wouldn’t need any other rules or rulers. A hard concept for most to wrap their minds around.
This is real freedom. It would require a complete shift in consciousness of humanity.
Freedom isn't free, if you think it is then your dumb. Anarchy is a tool of the Jesuit Order. Hence "Order Out Of Chaos" or the "222". The only ruler is Jesus Christ. Man cannot rule man. Nothing new under the sun.
No such thing as Natural Law. Natural Law is based on Culture and Customs and perspective, it is ever changing.
Can't scud the Hud!
does he mention the HUD? I don't think so.
I came here randomly from the algorithm, and holy shit I’m impressed
Ditto . The algorithm had recorded that I have watched Michael Hudson seminars before .
Now , if the algorithm could only stop shoving Jordan Peterson podcasts at my face ,
then there would be less disgust in my life . I don't why the algorithm keeps on pushing
Jordan Peterson podcasts as suggestive videos for me to watch because
I have never clicked on a Jordan Peterson video thumbnail before nor have I ever googled his fucking name .
Maybe , the wannabe billionaire has a close friend who is a technocrat from Silicon Valley ?
wIn Marxist philosophy, the bourgeoisie is the social class that came to own
the means of production during modern industrialization and whose societal
concerns are the value of property and the preservation of capital
to ensure the perpetuation of their economic supremacy in society.
CAPITALISM IS NOT DEMOCRATIC
AND IT IS BROKEN ( crashes )
you are labor, sorry
ARE YOU THE EMPLOYER OR THE EMPLOYEE
ARE YOU THE BOURGEOISIE OR LABOR
ARE YOU THE LORD OR A SERF
ARE YOU THE MASTER OR A SLAVE
Can you quit your job ? retire ?
No, then you are labor, make that a slave. LOL
when can you retire ?
$10B AT 3.65% = $1M PER DAY $365M PER YEAR ......... jef & bill
$1B AT 3.65% = $100K PER DAY $36.5M PER YEAR
$100M AT 3.65% = $10K PER DAY $3.65M PER YEAR
$10M AT 3.65% = $1K PER DAY $365K PER YEAR
$1M AT 3.65% = $100 PER DAY $36.5K PER YEAR ........ your dad
$100K AT 3.65% = $10 PER DAY $3.65K PER YEAR ......... you
What is wrong ? . . . well punk, . . . are you a slave ?
That's right the Capital brings the relationship of power, class division if
you understand it as so. Capital is not only that described by prof. Wolff
but also political power that is needed to maintain it, the superstructure.
So for example, in 2008 the Gov. could have instead of giving the billions
bailout "almost free money" to the financial system, actually financed(bought)
part of the debt of the people who bought the houses or whatever. Even if
the price was too high, the effect would be exactly the same(maybe better
for the bubble) for the economy except that the power would go to save the
people and no the rich capitalists who made a lot on the financial system.
The money would come exactly from the same place, but without people
have lose their homes, etc. Unfortunately, that is not possible because who
owns the Gov. are the Capitalists and Banks and that would reduce their
relative power. Capital is power,as much any previous class system we had.
The only difference is that the previous systems used a form of violent
dominance over the lower class, while
Capitalists uses their Capital and power to create their ideology, including
that fake story that says everyone can be rich is just a matter
of hard working or good entrepreneurship.
got your rice and beans ?
👍👍👍👍👍👍👍👍👍👍👍👍👍👍
ruclips.net/video/G9HvukE56yMI/видео.htmln Marxist philosophy, the bourgeoisie is the social class that came to own
@@miles6593 If the Peterson podcasts are coming from a single channel you can click on the three dots under the right edge of the thumbnail and then select "Don't recommend channel".
Historic interview.
Poland just subordinated its judiciary to the Euro Overlords.
When I can make more properties, it means I have got a skill. I should make even more properties with this skill, or share this skill with the poor people when I have earned enough to live on.
1:06:29 "The privatization of Europe was largely a debt settlement for debts that couldn't be paid."
rise up, demand CHANGE
Are Positiva Pengar an sister organization of the Posetive Money in the UK?
25 percent
At best, this simple “not elsewhere classified” approach to price movements suggests that speculation could account, at most, for 25 percent of observed oil price variations. The question has been subjected to more rigorous analysis in the form of structural vector autoregressive (SVAR) models.
Credit and debt polarization also for world War, especially with NSDAP release of Versaille debts and return of lands.
"Democracy is the political stage immediately before oligarchy", Did he say Eric Idle said that?
Aristotle and Plato. See Aristotle's Politics and Plato's Republic (esp. book 8).
@@najacobson Thanks!
Eric Idle put out a memoir a couple of years ago.
Look forward to listening to Dr. Hudson. Stories, he's gotta million of em!
I counted four 🙄🤔💀💀💀
10:00 McNamara just got stomped another six feet under lmao
The bit (at around 1h 10m) about bailing out the inflated value on junk loans rather than the actual value of foreclosed properties is like “oh dude...duh.” Theft in plain sight.
Spread the knowledge of Michael all over the world. People should know what is happening around the world.
"..to get out of it?"
Know your Self. Beginning with the functional Beginning of continuous creation of the Holographic Imagery Universe.
"I know nothing".., mono-dualistic Individuality selfin/of sense-in-common cause-effect Self.
Or on topic, just internalise what Michael Hudson's lectures reveal about Actuality..
Michael Hudson is a human treasure
When I have got more than enough, what should I do next?
How do you know when that is? Maybe if people stopped worshipping stuff and power and instead followed the example of Jesus Christ you would find that you already have everything you need. If you more than one of anything you have more than enough.
"Jaques de Mollet, thou art yet again avenged"
-Geotge Washington
Where does the federal reserve come into play with all this? Libertarians hate the fed so much, but is it just the government's central bank aka public lending? Or is the Federal Reserve actually just another private bank?
Fed Res is a cabal of private banksters; with the privitized priviledge to create money in the USA. To create oligarchy, privitize commons, specially the money creation. It's the King Kong of all privitization. After 100 years of it, you will be in a full swing oligarchy, with a fascist army, armmed to the teeth, and with a chip on their shoulders. What can go wrong here? Hitler would be amazed... what, no real army? Just austerity and threats of pandemic?
xIn Marxist philosophy, the bourgeoisie is the social class that came to own
the means of production during modern industrialization and whose societal
concerns are the value of property and the preservation of capital
to ensure the perpetuation of their economic supremacy in society.
CAPITALISM IS NOT DEMOCRATIC
AND IT IS BROKEN ( crashes )
you are labor, sorry
ARE YOU THE EMPLOYER OR THE EMPLOYEE
ARE YOU THE BOURGEOISIE OR LABOR
ARE YOU THE LORD OR A SERF
ARE YOU THE MASTER OR A SLAVE
Can you quit your job ? retire ?
No, then you are labor, make that a slave. LOL
when can you retire ?
$10B AT 3.65% = $1M PER DAY $365M PER YEAR ......... jef & bill
$1B AT 3.65% = $100K PER DAY $36.5M PER YEAR
$100M AT 3.65% = $10K PER DAY $3.65M PER YEAR
$10M AT 3.65% = $1K PER DAY $365K PER YEAR
$1M AT 3.65% = $100 PER DAY $36.5K PER YEAR ........ your dad
$100K AT 3.65% = $10 PER DAY $3.65K PER YEAR ......... you
What is wrong ? . . . well punk, . . . are you a slave ?
That's right the Capital brings the relationship of power, class division if
you understand it as so. Capital is not only that described by prof. Wolff
but also political power that is needed to maintain it, the superstructure.
So for example, in 2008 the Gov. could have instead of giving the billions
bailout "almost free money" to the financial system, actually financed(bought)
part of the debt of the people who bought the houses or whatever. Even if
the price was too high, the effect would be exactly the same(maybe better
for the bubble) for the economy except that the power would go to save the
people and no the rich capitalists who made a lot on the financial system.
The money would come exactly from the same place, but without people
have lose their homes, etc. Unfortunately, that is not possible because who
owns the Gov. are the Capitalists and Banks and that would reduce their
relative power. Capital is power,as much any previous class system we had.
The only difference is that the previous systems used a form of violent
dominance over the lower class, while
Capitalists uses their Capital and power to create their ideology, including
that fake story that says everyone can be rich is just a matter
of hard working or good entrepreneurship.
got your rice and beans ?
👍👍👍👍👍👍👍👍👍👍👍👍👍👍
ruclips.net/video/G9HvukE56yM/видео.html
+++
99 00pm
Some people have no other interest or hobby except making money. They know little about Life except business.
I understand why people gave him the nickname Dr Doom :)
Wasn't christ killed for trying to resurrect the practice of jubilee?
I guess so.
xIn Marxist philosophy, the bourgeoisie is the social class that came to own
the means of production during modern industrialization and whose societal
concerns are the value of property and the preservation of capital
to ensure the perpetuation of their economic supremacy in society.
CAPITALISM IS NOT DEMOCRATIC
AND IT IS BROKEN ( crashes )
you are labor, sorry
ARE YOU THE EMPLOYER OR THE EMPLOYEE
ARE YOU THE BOURGEOISIE OR LABOR
ARE YOU THE LORD OR A SERF
ARE YOU THE MASTER OR A SLAVE
Can you quit your job ? retire ?
No, then you are labor, make that a slave. LOL
when can you retire ?
$10B AT 3.65% = $1M PER DAY $365M PER YEAR ......... jef & bill
$1B AT 3.65% = $100K PER DAY $36.5M PER YEAR
$100M AT 3.65% = $10K PER DAY $3.65M PER YEAR
$10M AT 3.65% = $1K PER DAY $365K PER YEAR
$1M AT 3.65% = $100 PER DAY $36.5K PER YEAR ........ your dad
$100K AT 3.65% = $10 PER DAY $3.65K PER YEAR ......... you
What is wrong ? . . . well punk, . . . are you a slave ?
That's right the Capital brings the relationship of power, class division if
you understand it as so. Capital is not only that described by prof. Wolff
but also political power that is needed to maintain it, the superstructure.
So for example, in 2008 the Gov. could have instead of giving the billions
bailout "almost free money" to the financial system, actually financed(bought)
part of the debt of the people who bought the houses or whatever. Even if
the price was too high, the effect would be exactly the same(maybe better
for the bubble) for the economy except that the power would go to save the
people and no the rich capitalists who made a lot on the financial system.
The money would come exactly from the same place, but without people
have lose their homes, etc. Unfortunately, that is not possible because who
owns the Gov. are the Capitalists and Banks and that would reduce their
relative power. Capital is power,as much any previous class system we had.
The only difference is that the previous systems used a form of violent
dominance over the lower class, while
Capitalists uses their Capital and power to create their ideology, including
that fake story that says everyone can be rich is just a matter
of hard working or good entrepreneurship.
got your rice and beans ?
👍👍👍👍👍👍👍👍👍👍👍👍👍👍
ruclips.net/video/G9HvukE56yM/видео.html
@@jamesmorton7881 That's why I'm an anarchist. Capitalists subjugate the way you describe, with their bloated military and intelligence superstructure to back them up.
@@jamesmorton7881 And they'll happily kill anyone who opposes or exposes them.
Didn't anyone find suspicious when they changed the Lord's Prayer from " forgive our debts" to "forgive our trespasses"?
Oh!! it was Jean Paul II, what a funny coincidence.
123
Vote Libertarian 💯 n00bs 🔥🔥🔥
no, the oligarchy wants to divide and concour....they want control of the state. libratarians are required to persuade everyone to participate in everything based on evidence. it is because the jami diamond's, elon musk rats, fords', rokefelas, cocacolas', boeings' and all other corporations manipulate thinking that instead all people's should realise themselves that all and every citizen is required to participate; based on their own personal research and understanding of the evidence, when that happens then they each, are able to speak and interject to progress, with purpose, the fete of humanity. right now most are entertainment and short distractions oriented! 😶☹️.....people are too dumbed down to be interested in the future of their great grand children, their meaningless distractions and dumbed down holidays are more important! ...lockdowns were proven useless but not many reject those same "folks" (barry seitero -obama- said some "folks" lost their lives due to his drone strikes) regardless of how wrong mr rachel levine and the rest of the governence degenerates are/where that their decisions lead to thousands of still births and baby also human deaths. the lack of interllect and indolence is the root cause of these continuing deaths! 😶....citizenry is doctrinaire and imbicils.
for the algo
Erroneous to blame Obama personally. He is a lawyer and community organizer. No matter what profession, the President from either party would know the history and reality that Michael Hudson tells. Even if the President were an economist, he would not understand. To educate politicians it must be pointed out that the present system distorts economic reality to their perspective. Democratic candidates might be more willing to learn, but they can't be thrown under the bus in this way. No other economist has Michael Hudson's perspective. If all the teachers are wrong; self-serving in believing what they've been taught, then they are the ones to throw under the bus. Politicians will follow the lead of their constituencies. Build that.
Their guy won, dum dum
who's "their"? and do you understand what "is" your side? ☹️🙄🤔
The international order of 1750 was different from that of 1800.
The international order of 1800 was different from that of 1850.
The international order of 1850 was different from that of 1900.
The international order of 1900 was different from that of 1950.
The international order of 1950 was different from that of 2000.
G7 nations apparently do not possess the intelligence and intellectual capacity to realize that time and tide wait for no man. Good luck trying to freeze time and stem the tide of history! 😂
Changes in the international order had little to do with the actions and policies of any single nation alone. Changes occur all the time, whether you like it or not, irregardless of what the preeminent superpower of the day may think! 😎👌
Savvy policymakers should have the wisdom to facilitate a peaceful transition of geopolitics, instead of running the fools’ errand to forcibly preserve what cannot be preserved. 🙄🤦🤷 Heed this advice, or cataclysmic disasters of epic proportions shall befall all stubborn nations that defy the will of God, or the laws of nature if you like, in the foreseeable future!
Maybe some world leaders need to return to the classrooms for real history lessons, even though according to Hegel, nations never learnt from history.
ruclips.net/video/xwRmRG60634/видео.html
💀 He said the same thing, the same way.. Twenty-Six times!! I fell asleep 7 times.
Cannot recommend.
I feel like I've been waterboarded.. 🤭🤮😰🙁
Buy bitcoin.
most still don't understand Bitcoin 🙄
I thought Hudson was a insightful genius until he began touting the BRI with rose colored glasses motivated by the goodwill of the CCP. The Bank of China props up unprofitable SOEs out fo fear that an economic setback might call into question the single party rule of the CCP, not out of beneficence for workers. All policies are laid down and enforced to serve the singular rule of the party. He doesn't seem bothered by the lack of democratic controls and inputs in the PRC, expressing admiration for authoritarian fiscal policies in the case of the PRC while he wants democratic controls to counter the plutocrats in other countries
While true, I think he's thinking big picture geopolitical counter-hegemonic forces. We're all in glass houses here in other words and when every other institution on the planet is throwing boulders and only in one direction it seems reasonable to not help that effort when the outcomes are barely different.
Maybe a less rhetorically-heavy way to put it would be that despite our supposed democratic inputs, capitalism's inherent class power disparity ensures the same authoritarian rule just with a more obfuscated/mystified public-facing state structure ('inverted totalitarianism' as Sheldon Wolin put it).
scholar.princeton.edu/sites/default/files/mgilens/files/gilens_and_page_2014_-testing_theories_of_american_politics.doc.pdf
That being said, yes vital to be aware of and I'm sure you get this I'm just trying to widen the scope of consideration maybe.
Hudson promotes a Jubilee of exponential financial interest as a "reset" of the economy - as was done in ancient times. So he realizes that China can just erase their financial debts since China creates their own currency interest free. Hudson is the best on exposing the problem of the PetroDollar as the inefficiency of a military empire based on hiding the inefficiencies through the monopoly of the US financial regime. So Hudson realizes that the BRIC, etc. are trying to move off the US dollar for debt financing and oil loans. So this requires China growing its own middle class internally so that it's not dependent on exporting back to the U.S. (and therefore having a glut of U.S. dollars to buy US treasury as debt). The problem with the US military petrodollar is that it also has caused "biological annihilation" along with the Westernization of the rest of the world - China included. Abrupt Global Warming will now accelerate in damage as fast as any financial debt. We have about five years left of life on Earth - that is what is so amazing about exponential math that is really from Plato and Archytas as the inverse of the logarithmic (democracy) math. "The Mathematics of compound interest" - as Hudson calls it. YES but all our science is also based on the same logarithmic/exponential math requiring technological "growth" as well.
"We're not going to permit interest on debts but we will permit foreign exchange banks to do foreign exchange trading. so they can send money to the kings and nobility that are on the crusades - to outfit themselves, to buy food, they can lend against the land. So all of a sudden you have the Main Borrowers were not the poor peasants losing the land, they were the Rich Nobles. And the people they were borrowing from weren't civilian creditors, they were the Church - the main church orders themselves: The Knights Templar and also the Hospitallers. ... The poor could only borrow from the Jews...they couldn't borrow from the Christians. Only the rich people could borrow from the Christian bankers. You would have kings borrowing to go to war. You have to borrow because all wars are fought with foreign exchange because you want to fight the war on foreign soil.... So Silver and to a lesser extent Gold was the form of money."
There is no money in debt. Its caaled an advance. And behind i leave gastroeconomics raw mineral resorces. Called ores like a salts. Dust. No cash in dirt. Try pluto jet see carbon graffine.