America: Host or Parasite?

Guns and Butter - March 14, 2007

"America: Host or Parasite?"
Interview with economist, Dr. Michael Hudson. Dr. Hudson is President of The Institute for the Study of Long-Term Economic Trend, a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of "Super-Imperialism: The Economic Strategy of American Empire". We discuss the US balance of payments trade deficit which creates US credit to finance the US national debt and war abroad; Russian economic shock therapy as the final stage of the cold war; the real estate bubble; permanent war and the inevitable collapse of the current US dominated global economic system. Visit his website at www.michael-hudson.com

FULL HOUR: http://www.kpfa.org/archive/id/3805

Category:

People & Blogs

Tags:

• economic
• imperialism

[overmind25]

Interesting video. I'll have to look at some of his books. More arguments against central banks. I wonder what he means by "European governments are super right wing." I know he is talking about their banking policies but it just runs crazy to the idea that Europe is more pro labor. Ill favor this and try to look more into this guy later.

[DecentralizedByGuilt]

Thanks for checking him out.

He really opened my eyes up.

he's got a website to, links to more videos and such.

I dont agree with him on everything.

but damn if he doesnt pant a clear over all picture.

[DecentralizedByGuilt]

paint*

[RackEmPunk]

"America is the only country acting in it's own interest?"

Strongly disagree.

Investigate how Israel handles it's monetary system.

And American banksters don't act in America's best interest, only their own.

[DecentralizedByGuilt]

no other country has a trade deficit the size of the US

and since the US doesn't pay her debts with actual gold (because she wouldn't have any gold left for very long) this ties all countries that deals with her, economies together.

Fair Trade is the solution to stop the global "banksters"

keep ignoring real viable solutions, it;s ridiculous, and it shows

[Mojo1982]

The Saudis and the US conspired to fake the oil embargo and crisis, then they agreed to price oil in dollars. Hence the US dollar monopoly, the US ability to print money with impunity and record deficits. But that game is over now.

[DecentralizedByGuilt]

As long as america has a trade deficit each year, like she has for the last 35 years straight. The US doesn't pay her debts with actual gold, and will only give out more paper ie bonds and treasury notes, forever tying our economies together with anyone foolish enough to trade with us. The game continues...

a simple and yet very effective way to end the economic global crisis, is fair trade

[baglemonkey]

host or parasite? PARASITE!!!!!

[goatman257]

@msb2infinity

Likewise, I could cliam all Yanks are fat, uneducated morons who take insularism to new levels.

[hantzilib]

found your vid searching for ones i felt related close to my study abroad one, thanks!