Michael Hudson is a highly-regarded economist. He is a Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research. He is a former Wall Street economist at Chase Manhattan Bank who also helped establish […]
2 february I am getting my popcorn. I will watch either the US end as a society (and that will be delightful to watch) or I will watch the far right, teaparties and republicans crawl back into their sewers (which will be also a delight). Win every step of the way.
The Great Reset could take many forms. The only certain thing is that today’s profound political disunity and our destabilizing financial Plutocracy will force a crisis. Yesterday I laid out why the U.S. will inevitably experience The Great Reset. What comes after that systemic devolution/crisis is unknown, but we can speculate on the shape of […]
We are facing an increasing segment of the population emphasizing ignorance, superstition, paranoid fantasies, superficiality, irrationality and whatnot. We won’t make it as a species. I mean seriously I am neck deep in the land of 3d6 facepalm.
So you want me “politically correct” ? I can do that to. Once upon a time you paid for oil so fine You sold the arabs some subprime, didn’t you? People’d call, say, “Beware dollar, you’re bound to fall” You thought they were all kiddin’ you You used to laugh about Everybody that was hangin’ […]
Right now, we are witnessing a truly historic collapse of the economy, and yet most Americans do not understand what is going on. One of the biggest reasons why the American people do not understand what is happening to the economy is because our politicians and the mainstream media are not telling the truth. There […]
As the U.S. economy collapses, the thin veneer of civilization that we all take for granted is going to begin to disappear. In fact, there are already an increasing number of signs that the collapse of society is accelerating. In cities such as Chicago, roving packs of young people are “mob robbing” local businesses, randomly […]
Without getting to alarmist – I foresee catastrophic economic turmoil. Monetary economies are suffering major problems. Without getting bogged down in details – I think this has been caused by several conflicting mechanisms: (i) there is ambiguous global economic growth. This is no longer true as peak-oil and the (alleged) effects of resource depletion, global […]
Many Transhumanists and right wing market fetishists (i.e. mafia enablers) keep housing out the unmitigated optimisn (perpetuate their share in the ponzi scheme) but the disconnect gets worse and worse. We aren’t all of us “getting richer and richer”. The horses are turning to mice people. Give it up and make it work – make […]