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Michael Hudson and Radhika Desai discuss the causes of the current banking crisis and its roots in the effective privatization of the public US treasury.
The evolution of the US dollar system after it was taken off the gold standard in 1971, and its many contradictions.
Venture capitalists gambled on having uninsured deposits treated as if they were FDIC insured. Thus, the SVB was an IPO machine for enriching investment banks and capitalists while taxpayers foot [...]
Regulatory safeguards have protected Chinese firms from Silicon Valley Bank's failure. Risk of system wide domino effects for investments in US banks, warns Li Yong.
By Renfrey Clarke, Published on NewColdWar, Oct 23, 2022: Prepared by Renfrey Clarke for the New Cold War website, this analysis describes the dire economic crisis currently facing Ukraine, the [...]
Published on Fighting Words, Sept 27, 2022: In the wake of the U.S. Ukraine proxy war against Russia, protests have erupted in Europe and around the world over the sky-high energy and food prices [...]
VIDEO, PODCAST, TRANSCRIPT Published on Multipolarista, Sept 11, 2022: Economist Michael Hudson joins Multipolarista host Ben Norton to discuss partial student debt relief in the US, inflation [...]
By Michael Hudson, Published on EurasiaReview, June 23, 2022: The Federal Reserve Board’s ostensible policy aim is to manage the money supply and bank credit in a way that maintains price [...]
VIDEO Headlines are abuzz with the return of inflation, which, according to some measures, is now reaching 40 year highs. Considering that vanquishing inflation is supposed to be the one [...]
The advanced industrialised economies have gone from being in a low-inflation or even deflationary environment to an inflationary one, seemingly in the blink of an eye. The situation is even [...]