The Iranian rial: crash. The Turkish lira: crash. The Argentine peso: crash. The Brazilian real: crash. There are multiple, complex, parallel vectors at play in this wilderness of crashing currencies. Turkey’s case is heavily influenced by the bubble of easy credit created by European banks. Argentina’s problem is mostly to do with the neoliberal austerity... Read More

Michael appeared on KPFK’s Background Briefing to discuss the recent Euro downgrades and the state of the EU. What is behind the S & P downgrades? Listen to the interview.

Here’s the quandary that the U.S. economy is in: The Fed’s quantitative easing policy– creating more liquidity so that banks can lend more – aims at helping the economy “borrow its way out of debt.� But banks are not lending more, for the simple reason that a third of U.S. real estate already is in... Read More

Eric Janszen, Interview with Dr. Michael Hudson 6 November, 2010 Janszen (E): What I’m noting, starting with the gold crisis over the last few weeks, and the public nature of some of the complaints that we’re hearing out of Brazil and China and the front page of the Financial Times, we seem to be heading... Read More

Michael was interview on Russian TV yesterday by Lauren Lyster. Watch the 10 minute clip here.