BIBLIG on DEPT USD and M Hudson
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The Fed can also buy
up some of the Treasury bonds itself and reduce the interest rate on its bonds.
That action essentially represents "printing money," Chinn said. Creating money out of thin air
may help in the short term, but in the long run reduces the value of U.S.
dollars.Oct 23, 2008
https://www.livescience.com/2990-thin-air-money.html
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Fake economy
By Michael Friday, February 17, 2017
Other source
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By Michael Tuesday, February 28, 2017
Michael Hudson, author of the newly released J is for Junk
Economics, says the media and academia use well-crafted euphemisms to conceal
how the economy really works SHARMINI PERIES: It’s The Real News Network. I'm
Sharmini Peries, coming to you from Baltimore. J is for Junk Economics: A Guide
to Reality in the Age of Greed and Deception by Michael Hudson, that's the
topic of our discussion today. Michael is joining us in our studio in
Baltimore. No much here
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Posted on January 29, 2012 by Max Keiser
VIDEO
URL https://youtu.be/TDF5kC6rs8s
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Richard Wolff interviews with
Michael Hudson
Saturday, August 19, 2017
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Stock on Trumponomics
BY Michael H
Friday, August 4, 2017
video
URL https://youtu.be/PD-ItVlVsXQ
SHARMINI PERIES: So Michael, if the stock prices are not
increasing because of what Trump calls “high business spirit,” explain the rise
in the stock prices.
MICHAEL HUDSON: The answer’s quite simple. The key is,
who is buying these stocks? It’s not individuals. It’s not even pension funds.
It’s not the private sector. Almost all the stock purchases are being bought
back by corporations in share buyback programs. In other words, companies are
buying their own stocks in order to push up the price.
The interview continues
http://michael-hudson.com/2017/08/stock-on-trumponomics/
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June 10,
2015 By the Saker
The gold drain is what forced the U.S. dollar off gold in
1971 – as a direct result of U.S. military spending, which was responsible for
the entire U.S. balance-of-payments deficit.
Without gold, the world’s central banks shifted to U.S.
Treasury bills – government IOUs issued to finance the budget deficit that was
largely military in nature. This meant that global monetary reserves monetized
U.S. military spending to surround these countries and destabilize them if they
tried to withdraw from the system. (That is what my book Super Imperialism is
all about.)
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My annual panel with good friends Michael Perelman (Chair, California State University, Chino) and Bertell Ollman (NYU) at the Left
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Here the defense of
the so called “normality” in neoliberal economics
THIN AIR’S MONEY ISN’T CREATED OUT OF THIN AIR
- Michael Pettis October 19, 2015
Why not? Because
savings and investment must always balance, the idea that the savings rate in
any country is determined at home is nonsense.
[[ Nothing is determined at home? Think about a village –the Chaos
in Charlottesville , that moved the entire Nation against racism. A bigger reaction can occur too: a country (case N-K) or a town in WW1-2, can inflame a world problem (case:
Trump-N-Korea today) ]]
[[ Think globally and act globally.. sound familiar?. It is globalism in action or Imperial expansionist
foreign policy. The original statement in analysis of foreign policy, or any ‘State policy- analysis’ was “Think
globally and act locally” , an approach that coincides
with “Systems Theory Analysis”: Niklas Luhmann version (positive-negative INPUTS-PROCESS-OUTPUTS, all of them inside MACRO CONTEXTs.
That is the theory that I use in my analysis since my
master studies in Political Science. Once I got my Ph.D, I did apply this theory
to Educ-Sociological Research in an Institute of Pitt.Univ. Hugo Adan. ]]
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AN EXCHANGE WITH MICHAEL HUDSON
ON THE ROLE OF THE BANKS
ON THE ROLE OF THE BANKS
Edward J. Dodson [2009]
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FED CREATES HUNDREDS OF BILLIONS
OUT OF THIN AIR:
Have We Launched an Economic War
on the Rest of the World?
The object of warfare is to take over a country's land, raw
materials and assets. Today you can do it financially simply by creating
credit.
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Empirical evidence now irrevocably shows banks create
money out of thin air
From Lars Syll. January
6, 2015
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https://rwer.wordpress.com
› RWER
Sep 6, 2011 - Michael Hudson's article “How
economic theory came to ignore the role of debt” ...... deeper into debt and
allowing the banks to profit by printing more money. ...... So
Vilhemo continues at #9: “All credit is issued 'out of thin air'.
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The main aim of Super Imperialism
It is not to plunder riches any more , it is to destroy
their State & force State-Nations to buy their guns & then use the debt
to control their economy. This strategy has been described in two articles :
“The US military project for the
world” by Thierry Meyssan http://www.voltairenet.org/article197541.html
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Since 2008-09
the central banks of the advanced capitalist economies simply created money—i.e.
the dollars, the pounds, euros and yen—and allowed banks and investors to
borrow it virtually free.
[ So, they sell guns and manufacture wars to submit
State-Nations, and then –at economic level- they charge the debt via bankers
and manufacture crisis to recreate submission to USD system in which
speculative prices are controlled by the FED in the US, & by big bankers
and its big Corps in EU & JA. ]
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