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Important Summary Of The 'Situation' By Hudson
I think important enough to have its own thread. Please take the time to listen to this one hour talk. Covers everything and then some. Brilliant, IMO. Not a pretty picture, but know thy enemy and the future - no matter how bleak. Was recorded a few days ago and is up to date on all events. Heartbreaking to know the truth. We are being robbed and many of us face a bleak and short future, short of a complete change of system - and who runs it (who benefits from it - as it stands YOU do NOT)! Here is the outline, from someone with NO blinders on, inciteful, and beholden to no one. " Violence almost always comes from the top-down." "The criminals have taken over the Economy and the Nation." Details within.Viking "The Way We Were and What We Are Becoming" with financial economist and historian, Dr. Michael Hudson. We begin with an analysis of the continuing bailout of insurance giant AIG and Monday's stock market selloff; price and debt deflation; the two sectors of the economy; two definitions of 'free markets'; the classical economists; revolution from the right and the former Soviet states; the threat of war; IMF/World Bank resurgence; the dollar versus the euro; analogies to Rome, neo-feudalism!
I love this guy. A voice of clarity and honesty in the madness. Well worth a listen.
"The philosophers have only interpreted the world, in various ways. The point, however, is to change it." Karl Marx

"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.

“I think it would be a good idea” Ghandi, when asked about Western Civilisation.
His webpage here. Don't expect him to be selected as an economic advisor for the Administration soon....or ever!:musicus:

From Wikipedia, the free encyclopedia

Michael Hudson (born in 1939, Chicago, Illinois, USA) is Distinguished Research Professor of Economics at University of Missouri, Kansas City (UMKC). He is also a Wall Street analyst and consultant as well as president of The Institute for the Study of Long-term Economic Trends (ISLET) and a founding member of International Scholars Conference on Ancient Near Eastern Economies (ISCANEE).Contents [hide]
1 Highlights
2 Influential writings
3 Books
5 Education
6 External links
7 References


The New School in New York City, where he taught previously, and UMKC, where he is currently a Distinguished Research Professor, are the main U.S. alternatives to Chicago School anti-government economics. He also lectures and publishes in association with UMKC at The Berlin School of Economics,

Hudson served as Chief Economic Advisor for Dennis Kucinich’s 2008 presidential campaign and holds the same position in Kucinich’s Congressional campaign. He has been economic advisor to the U.S., Canadian, Mexican and Latvian governments, to the United Nations Institute for Training and Research (UNITAR), and he is president of the Institute for the Study of Long-term Economic Trends (ISLET).

Hudson is a former balance-of-payments economist for Chase Manhattan Bank and Arthur Andersen, and economic futurist for the Hudson Institute (no relation). For Scudder, Stevens & Clark in 1990, he established the world’s first Third World sovereign debt fund, which became the second best performing international fund in 1991[citation needed] (an Australian real estate fund was number one[citation needed]).

Influential writings

Hudson has written cover stories for Harper's Magazine and is on the editorial board of Lapham's Quarterly. He is a regular on American Public Media's Marketplace, Bloomberg Radio, has been on numerous Pacifica Radio interview programs, and is a regular contributor to CounterPunch ( He has written for the Journal of International Affairs, Commonweal, Bible Review, International Economy, New York Times op-eds, and has often contributed editorials in leading Latvian, Polish and Arabic business papers. His trade books are translated into Japanese, Chinese, Spanish and Russian.

Hudson's April 2006 Harper's cover story, “The $4.7 Trillion Pyramid: Why Social Security Won’t Be Enough to Save Wall Street,” helped defeat the Bush administration’s attempt to privatize Social Security by showing its aim of steering wage withholding into the stock market to reflate stock market prices for the benefit of insiders and speculators – and to sell to the pension funds. His May 2006 Harper's cover story, “The New Road to Serfdom: An illustrated guide to the coming real estate collapse,” was the first major national article forecasting - in precise chart form - the bursting of the real estate bubble and its consequences for homeowners and state and local government solvency.[citation needed] The November 2008 “How to Save Capitalism” issue of Harper's includes an article by Hudson on the inevitability of a large write-off of debts and the savings they back.


Professor Hudson is the author of several books.

Super Imperialism: The Economic Strategy of American Empire,[1] was the first book to describe the global free ride for America after it went off the gold standard in 1971, putting the world onto a paper U.S. Treasury-bill standard. Obliging foreign central banks to keep their monetary reserves in Treasury bonds forced them to finance U.S. military spending abroad, which was responsible for the U.S. balance-of-payments deficit at that time.

Global Fracture: The New International Economic order[2], a sequel to Super Imperialism, forecast the division of the world into regional trade and currency blocs.

Super Imperialism - New Edition: The Origin and Fundamentals of U.S. World Dominance[3], a new and completely revised edition of "Super Imperialism", describes the genesis of America's political and financial domination.

Global Fracture: The New International Economic order, Second Edition[4], a new and updated edition that explores how and why the US came to achieve world economic hegemony.

His forthcoming book, The Fictitious Economy, is among the first to explain to general readers how a corrosive bubble economy is replacing industrial capitalism via debt-financed, asset price inflation with the main purpose of increasing balance-sheet net worth, benefiting a select few while spreading risk among the general population.


In 1984, Hudson joined Harvard’s archaeology faculty at the Peabody Museum as a research fellow in Babylonian economics. A decade later, he was a founding member of ISCANEE (International Scholars Conference on Ancient Near Eastern Economies), an international group of Assyriologists and archaeologists that has published a series of colloquia analyzing the economic origins of civilization. This group has become the successor to Karl Polanyi’s anthropological and historical group of a half-century ago. Four volumes co-edited by Hudson have appeared so far, dealing with privatization, urbanization and land use, the origins of money, accounting, debt, and clean slates in the Ancient Near East (a fifth volume, on the evolution of free labor, is in progress). This new direction in research is now known as the New Economic Archaeology.


Prof. Hudson received his Ph.D. from New York University in 1968 (economics). His dissertation was on American economic and technological thought in the nineteenth century. He received his M.A. also from New York University in 1963 in economics, with a thesis on the World Bank's philosophy of development, with special reference to lending policies in the agricultural sector. He was a philology major with a minor in history at the University of Chicago, where he received his B.A. in 1959. He attended the University of Chicago's Laboratory School for high school and grade school.

External links
Michael Hudson official website

^ Hudson, Michael (1972). Super Imperialism: The Economic Strategy of American Empire. Holt, Rinehart and Winston. ISBN 978-0030859960.
^ Hudson, Michael (March 1979). Global Fracture: The New International Economic order. Harper & Row. ISBN 978-0745323954.
^ Hudson, Michael (March 2003). Super Imperialism - New Edition: The Origin and Fundamentals of U.S. World Dominance. Pluto Press. ISBN 978-0745319896.
^ Hudson, Michael (April 2005). Global Fracture: The New International Economic order, Second Edition. Pluto Press. ISBN 978-0745323947.
Very sobering.

What Hudson is describing is the plan outlined by Cecil Rhodes over a century ago to return the world to a "feudalist" society (see Carroll Quigley's "Tragedy & Hope" for this) by "absorbing the wealth of the world" into the hands of a tiny few (see Quigley's "Anglo-American Establishment" footnotes).

It's taken one hundred years of slow but relentless planning but it is coming to fruition today.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14
David Guyatt Wrote:Very sobering.

I'll drink to that! :afraid: :ciao:

And I guess the post above makes you a 'Rhodes Scholar'. This plan has been in the gleem of the Elite's eyes since we left the hunter-gather groups and settled-down. It was then that there became the divisions into rich/poor, have/have nots, master/slave, etc. This is a very bad time in Global history, I fear. Can't say I'm celebrating existing through this and what lies ahead. I fear if it gets much worse [and predict it will] many of the living will envy the dead.

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