The charade that the 🇺🇸 is a force for good (unless it benefits them of course). What is in the psyche that creates such rapacious greed and disregard for humanity?
My early recollections, fit with this. My ww1 war-vet grandfather fizzed with hatred and disgust for the yanks. I see how that was. He would rage about the War-debts, the "mother country" had to pay. Also of the German reparations, he commented that for the British Empire (that is us) it was a tragedy. The Germans lost all their worn out machine tools, and the yanks provided them with new modern un-worn machines. And from what I see, everywhere the Yanks went, our females tried to benefit. All my happy thoughts towards the USA have totally evaporated today. Further in my view the USA does not at all believe in Democracy - except as a tool to enslave and destroy democratic governments in other countries. We are meant to be a democracy - unfriendly to Russia, but a friend to the USA. But the USA rules our government. USA divides our society and destroys our culture. They INFECT us all. Big USA military planes arrive at our Capital city's airport - what for? There is a welcoming back door to our parliament where lobbies do bypass democracy and in fact rule us all.
You got it. It's important to keep in mind these two factors when you analyze American society today. 1. There are people in this country whose grandmother's were slaves. Slavery was not that long ago. 2. The US was openly white supremecist upon its victory in WWII. It didn't desegregate for about another decade. Even today, many parts of this country are segregated by housing, resulting in the police brutality we see all the time now. My point? This country is run by slave estates, and the world is paying interest to those estates. The US was founded as an empire of slave estates. Those slave estates still exist, I have friends receiving monthly estate checks from their 400 year old slave estates. These are the ones who run America, and they put up the new billionaire money (Gates, Bezos, Musk) as the face of financial control. In reality, even they work in service of the slave estates. The slave estates are the original seed lend of this country, so it all goes back to them on the order of 30, 60 and 90 year vestments plans. So yes, the slave empire behaves as you would expect. It enslaves the world and calls it freedom. It's what we've always done, just on increasingly large scales. Why was America ever attractive to Europeans? They come here with the intent of starting a slave estate. We attract the worst human beings who are only envious of the riches associated with slave estates. Literally for hundreds years the US has been making envious the people of the world who DON'T have a disposable workforce to command. Come to the US, get rich! What about those slaves and indentured servants? Pfft, who cares about that!? It's such a sickening way to operate. If I could go back in time I'd assasinate George Washington, Thomas Jefferson and James Madison.
@@MichelleHell You have taken my use of "enslave" other than how I meant it. Here, regardless of race and colour, they USA has control over us, our government, our military and USA ?social? perspectives infect us. We have elections here, but it does not matter at all what or who we vote for - it is meaningless. USA has a communications spy agency here and in other countries - we have no privacy - we have no choices the USA (NEOCONS) won't afford us. We are supposedly a free Western democracy - "Supposedly". We were in the British Empire, and I personally mixed with ww1 and ww2 veterans. I recall the Cuban situation which was caused by the USA putting missiles in Europe close the the USSR (sound like today with Russia? Then When USSR responds, the USA BULLY pretends to be in the right. With a long life behind me, I do join the dots. I was brainwashed to be pro USA - but now the thought of the place disgusts me, as does my not having figured it out decades earlier. But, since you attached colour to my reference to enslavement, I suggest you look into slavery of whites. Yes, even before the trans-Atlantic slave trade, African Traders were raiding the British isles and taking men, women and children into slavery in Africa. Fact is, all peoples dabbled in slavery. So I stop short of associating it to one peoples, or one colour etc.
@@kiwikeith7633 You got really defensive and all I said was the truth, that the USA was an openly segregated white supremecist society and today its slave estates run the world. Everything I've said was an andedum to what you've said, and you somehow found a way to put yourself at odds against me. I don't know what to tell other than I'm sorry you are suffering.
Very interesting framing. I guess if you can create the myth that enslaving another human is acceptable I can see how that affects/distorts a mind to think that labor is always something to be dominated as well as everything and everybody else. That makes sense to me. Then you can add in mafia and Nazis brought here after World War II and it’s a big mess. Is there anything I’m missing? Lol do you have an academic background?
I'm gonna have to look up what went on at Mackinac Island, Michigan in 1943 again before the Kabuki Theatre at Bretton Woods in Cow Hampshire went on stage. Basically GB won the Dreadnought war with 28, while Germany managed to build 16 battleships by 1915. On land Germany was set to win after the Russian Revolution, but the U.S. was intervening with the Bolsheviks before actually entering WWI. It seems to me the Spanish Flu postponed the world wars wether it was labeled biological warfare or not. Treaty of Versailles was an imperialist farce, Japan was building battleships with 22 in. guns by 1924, and the plans to island hop the Pacific were a scenario on the books of the U.S. Navy by 1932. War profiteering ended the Depression for some by the time war production was ramping up for Lend Lease even. I've found evidence though as my father said the little people didn't get out of Depression in the states until 1950, when buying on time was allowed. The continuous war economy has been going on full steam ahead since the so called 2nd World War. Dr. Desai has an interesting term I can't recall now for 1905 or 1914 to 1945. There's never really been allowed much of a peace dividend in the U.S. just status symbol games. Jim Crow grew worse in the 1920's on account of WoodWAR Wilson, and Harry Truman wasn't much better. Mr. Hudson is right on about people buying stocks with loans in 1920's. What a set up by 1931 deferring German debt payments for all the big shots in Germany like Henry Ford, Koch's, Bush's et. City of London came out ahead by the time Israel was established.
You both do such a good historical dive into British and US currency dominance. I didn't know how much the US screwed the post WWI Germans turning them into debt slaves and became the model for debt-enslaving other third world countries. Wow, that clarifies a lot, and probably explains current US attitudes toward continental Europe and Germany, and Nordstream pipeline terror.
When we see the mechanisms of Neo-liberal capitalism we see that it not much different from con-artists scams but with much broader target. Thx professors!
Well, this is the upside of coming down with The Vid! I'm watching and taking notes like I'm back at Uni. Thank you so much for doing such a great job presenting this; what incredible production values: sound: 9/10, lighting 10/10 edits 11/10, Content 100/10!
What a great tour de-force into the roots of the geopolitical forces that drive reserve currencies and effect on other national currencies from Ms Desai.
Michael's historical analysis is priceless, in particular the US role in financially positioning itself, after the Great Depression it created, as the unchallenged successor to the British empire. Radhika, none too shabby either. Typically, or so it seems to me, she lays the groundwork, while he proceeds to knock it out of the park!
It would be interesting if you guys can give us numbers? I mean, how significative is the “dropping of the dollar”? What percentage of the actual volume of internationally circulating dollar are we talking about? Is it 25%? Or is it 2%?
The international Capital Markets for USD, aka the Eurodollar markets, is a global-decentralised network of banks outside the jurisdiction of the US. It provides loans to sovereign states and multinational corporations denominated in USD to facilitate international trade. It began in the late 1950s, and it has several origin stories, but the most likely one is that the trade started when a communist power needed to deposit its USD reserves outside its own system. They deposited them in a bank in London. Now, deposits are liabilities for banks, and they need to make money to pay the interest on deposits. At the time, capital transfer restrictions by Uncle Sam meant was such a shortage of USD needed to buy commodities in Europe. So much that borrowers were prepared to pay a much higher rate of interest to borrow those dollars. So, the bank in question loaned them out, and made a pretty profit. Over time, the trade grew so much that they had to start offering high rates of interest for cash dollar deposits too, and other banks would lend their dollars to other banks. And these banks got into the trade as well. To get such loans, the collateral offered had to be of high quality, which provided other assets which be lent out for a fee. So the sovereign states and multinationals offered, or could get 'Triple A' assets, like T-bills, gold, COD's, and high quality junk bonds as collateral. Wind of it soon came to American private banks and brokers, like J.P. Morgan, and they joined in. Then there were also the Over-The-Counter Eurodollar accounts that for a minimum deposit of $100,000, one could get a very good rate of interest. Uncle Sam eventually got around business to looking at the Eurodollar market, but would not, or could not, get it stopped or supervised. They simply had to stand by as the Middle East oil producers, fed up at the low returns from US Banks, withdrew their money and deposited it in the Eurodollar markets. If you know your basic monetary economics, you will know that debt creates money, because debts can be sold as an asset for cash, as well as interest. Thus, the Eurodollar markets are creating USD outside the control of the US Treasury. Being in the wild, so to speak, the exact value cannot be deduced, because it is buried in the accounts of the private banks operating within it. So, all we have are estimates. The last estimate I saw was that it was producing as USD loans 1.5 times the value of USD in the US domestic economy. Yep, it is that big. And more importantly, it flows in and out of national economies, including the unnoticed by many. It's a major source of global liquidity. Banks, nations, and major corporations use it for funding. Being run by private banks, there is relatively little written about the Eurodollar Markets. Which on reflection, is unsurprising as it is the global shadow banking system, and it's rarely reported on, even though it's a critical part of the global financial system. In the past, there is a suspicion that the Eurodollar markets, before 2009, have been partly responsible for asset bubbles forming and driving up asset inflation. But after 2009, when the US queered the pitch with dodgy mortgage backed securities, the Eurodollar Markets have been far tighter in their lending criteria, and that impacts the US economy, because it is a source of liquidity. Perhaps that's why some US 2nd tier regional banks have had to resort to borrowing from the FHLBs on the quiet. To do is normally the penultimate stage before the walk of shame to the Fed, and it often avoided because the terms are onerous. Is that they cannot get loans from the Eurodollar markets, as they don't have the collateral? Because interest rate hikes have devalued the bonds they invested in? And since the Yield Curve inverted, the Eurodollar Market only takes short-duration US T-bills with a haircut as collateral. Nothing else. That was the beginning of the credit crunch we're going through right now, that's only been blunted by QE money sloshing around, and the hype bubble in equities. Check out the videos on the channel Eurodollar University on UA-cam, created by Jeff Snider. He's a bit obtuse, but he knows his onions. It might be worth researching the Eurodollar markets yourself.
Great series. I am learning so much just by researching further what these two are discussing. I can't express my gratitude further. I need to buy your books
Exploring inflation, not the world factory anymore, coercion of foreign policy, sanctions devestating effect on developing countries about time countries move from dollars
Yes. But Germany's domestic story is somewhat more complicated. Find a copy of Bruno Heilig's monograph from the 1930s on why the Weimar Republic fell.
Good Lord imma have to share this with my conspiracy uncles. They talk about going back to gold cuz illuminati or something, but through the lens of imperialism it makes so much more sense.
Economic failures mean Imperial Powers influenced is broken makes the Systems to work any more . It is heart of Power Horse of consciousness thinking Professionalism to work on every things to mobility .
Ukraine can never pay its debt of landlease. They have diminished population, emigrants which don't want to return and country in constant collapse. Ukraine major resource is very fertile black earth. Thus I can imagine making plantations in Ukraine but then they will need foreign workers. USA could support Ukraine by writing of debt. But that would not happen.
access to energy is very central to industrialization like coal. Italy and Spain didn't have it while France and Germany had wars over it. Germany also imported energy from Russia prior to 1.WW
I’m thinking of a word that appears in Adam Smith and Marx that might be relevant ie Mercantilism. Sorry did economics and history back I. 60s in school A levels.
I don't know if you can see it What will be the basis of currencies of all countries in the future，And how to price labor，Marx said it was labor time, but now I don't think it is right I think it can price the value of goods，Prevent deflation and deflation at the same time Can Industrial Capitalism Give Human Happiness，Is Marx too optimistic
"A bunch of rich guys who wanna own ya!" Yeah, Mike, and we just flip them the bird, right? The billionaires disappear right there, yes? Kinda like Russia in the face of Zelenski! One middle finger is the solution for "rich guys who wanna own ya!" Tell me another good one!
Me thinks: these rececent perniciuos depredations of Capitalism, especially the particularly vicious form of it we have in the USA, will bring back much interest in classical Marxists-- not the distorted sick pathological version done by Stalin....who knows where this current Western Financial Crisis/ Collapse will lead to?? 3/21/2023 posted.
22:24 why are criminals given the distinction of being a capitalist? you and Michael have extraordinary knowledge to pass on, are you two criminals? It is time everyone understand what capital is. Does capital punishment mean someone’s currency is being taken away? If someone is decapitated, is there currency taken away? If someone capitulates to someone else, do they give their currency to the other? if you get a pill in the form of a capsule, is it covered in currency? Do you wear a baseball cap? Is that baseball cap made out of currency? If you’re not sure of what I am saying, ask Yankee doodle. He stuck a feather in his. Or, is that macaroni on top of your shoulders? If you say, “I hate capitalism”. You are saying, “I hate people”.
very low percentage in the US because of the education system, but internationally this type of analysis is growing in popularity. is mainstream in China
This series is world-class. Thank you Dr Desai and Dr Hudson!
I also admire Michael Parenti 👍🏽
agree
I just love Radhika. ❤️ Such an intelligent woman!
Repent and purge dirty thoughts from your mind
@@alterego157A wise man takes his own advice.
@@alterego157 Probably Monica loves her energy and clarity
Dr Hudson is an Icon a living legend ! undoubtedly the most erudite financial sage of our times !
These are FANTASTIC!!!! They pull the curtain back, showing the mechanics behind the charade.
Thank you!
The charade of idealism, that is!
The charade that the 🇺🇸 is a force for good (unless it benefits them of course). What is in the psyche that creates such rapacious greed and disregard for humanity?
Exactly what I wanted to say.
An outstanding duo of Excellence: Professors Radhika Desai and Michael Hudson! Thank you very much for sharing your insights and thoughts!
My early recollections, fit with this. My ww1 war-vet grandfather fizzed with hatred and disgust for the yanks. I see how that was. He would rage about the War-debts, the "mother country" had to pay. Also of the German reparations, he commented that for the British Empire (that is us) it was a tragedy. The Germans lost all their worn out machine tools, and the yanks provided them with new modern un-worn machines. And from what I see, everywhere the Yanks went, our females tried to benefit. All my happy thoughts towards the USA have totally evaporated today. Further in my view the USA does not at all believe in Democracy - except as a tool to enslave and destroy democratic governments in other countries. We are meant to be a democracy - unfriendly to Russia, but a friend to the USA. But the USA rules our government. USA divides our society and destroys our culture. They INFECT us all. Big USA military planes arrive at our Capital city's airport - what for? There is a welcoming back door to our parliament where lobbies do bypass democracy and in fact rule us all.
You got it. It's important to keep in mind these two factors when you analyze American society today.
1. There are people in this country whose grandmother's were slaves. Slavery was not that long ago.
2. The US was openly white supremecist upon its victory in WWII. It didn't desegregate for about another decade. Even today, many parts of this country are segregated by housing, resulting in the police brutality we see all the time now.
My point? This country is run by slave estates, and the world is paying interest to those estates. The US was founded as an empire of slave estates. Those slave estates still exist, I have friends receiving monthly estate checks from their 400 year old slave estates. These are the ones who run America, and they put up the new billionaire money (Gates, Bezos, Musk) as the face of financial control. In reality, even they work in service of the slave estates. The slave estates are the original seed lend of this country, so it all goes back to them on the order of 30, 60 and 90 year vestments plans.
So yes, the slave empire behaves as you would expect. It enslaves the world and calls it freedom. It's what we've always done, just on increasingly large scales.
Why was America ever attractive to Europeans? They come here with the intent of starting a slave estate. We attract the worst human beings who are only envious of the riches associated with slave estates. Literally for hundreds years the US has been making envious the people of the world who DON'T have a disposable workforce to command. Come to the US, get rich! What about those slaves and indentured servants? Pfft, who cares about that!?
It's such a sickening way to operate. If I could go back in time I'd assasinate George Washington, Thomas Jefferson and James Madison.
@@MichelleHell You have taken my use of "enslave" other than how I meant it. Here, regardless of race and colour, they USA has control over us, our government, our military and USA ?social? perspectives infect us. We have elections here, but it does not matter at all what or who we vote for - it is meaningless. USA has a communications spy agency here and in other countries - we have no privacy - we have no choices the USA (NEOCONS) won't afford us. We are supposedly a free Western democracy - "Supposedly". We were in the British Empire, and I personally mixed with ww1 and ww2 veterans. I recall the Cuban situation which was caused by the USA putting missiles in Europe close the the USSR (sound like today with Russia? Then When USSR responds, the USA BULLY pretends to be in the right. With a long life behind me, I do join the dots. I was brainwashed to be pro USA - but now the thought of the place disgusts me, as does my not having figured it out decades earlier. But, since you attached colour to my reference to enslavement, I suggest you look into slavery of whites. Yes, even before the trans-Atlantic slave trade, African Traders were raiding the British isles and taking men, women and children into slavery in Africa. Fact is, all peoples dabbled in slavery. So I stop short of associating it to one peoples, or one colour etc.
@@kiwikeith7633 You got really defensive and all I said was the truth, that the USA was an openly segregated white supremecist society and today its slave estates run the world. Everything I've said was an andedum to what you've said, and you somehow found a way to put yourself at odds against me. I don't know what to tell other than I'm sorry you are suffering.
Very interesting framing. I guess if you can create the myth that enslaving another human is acceptable I can see how that affects/distorts a mind to think that labor is always something to be dominated as well as everything and everybody else. That makes sense to me. Then you can add in mafia and Nazis brought here after World War II and it’s a big mess. Is there anything I’m missing? Lol do you have an academic background?
I'm gonna have to look up what went on at Mackinac Island, Michigan in 1943 again before the Kabuki Theatre at Bretton Woods in Cow Hampshire went on stage. Basically GB won the Dreadnought war with 28, while Germany managed to build 16 battleships by 1915. On land Germany was set to win after the Russian Revolution, but the U.S. was intervening with the Bolsheviks before actually entering WWI. It seems to me the Spanish Flu postponed the world wars wether it was labeled biological warfare or not. Treaty of Versailles was an imperialist farce, Japan was building battleships with 22 in. guns by 1924, and the plans to island hop the Pacific were a scenario on the books of the U.S. Navy by 1932. War profiteering ended the Depression for some by the time war production was ramping up for Lend Lease even. I've found evidence though as my father said the little people didn't get out of Depression in the states until 1950, when buying on time was allowed. The continuous war economy has been going on full steam ahead since the so called 2nd World War. Dr. Desai has an interesting term I can't recall now for 1905 or 1914 to 1945. There's never really been allowed much of a peace dividend in the U.S. just status symbol games. Jim Crow grew worse in the 1920's on account of WoodWAR Wilson, and Harry Truman wasn't much better. Mr. Hudson is right on about people buying stocks with loans in 1920's. What a set up by 1931 deferring German debt payments for all the big shots in Germany like Henry Ford, Koch's, Bush's et. City of London came out ahead by the time Israel was established.
KEEP IT COMING BROTHER BEN !!!!!!!!!!!!!!!!!! GREAT WORK !!!!!!!!!!!!!!!!!!!!!!!!!!
YEAH HELL YEAH BROTHER BEN!!!!!!
The best video series on the internet today.
Who wouldn't love to listen and learn from these two fine people Ms. Desai and Mr.Hudson for days. 😍😍😍😍😍
You both do such a good historical dive into British and US currency dominance. I didn't know how much the US screwed the post WWI Germans turning them into debt slaves and became the model for debt-enslaving other third world countries. Wow, that clarifies a lot, and probably explains current US attitudes toward continental Europe and Germany, and Nordstream pipeline terror.
Two brilliant economist/historians.
I look forward to these! Thank you Professors Desai and Hudson!
I've learned a lot on these series. Keep it coming.
When we see the mechanisms of Neo-liberal capitalism we see that it not much different from con-artists scams but with much broader target. Thx professors!
my favorite show. ty for sharing this information with us
Well, this is the upside of coming down with The Vid! I'm watching and taking notes like I'm back at Uni. Thank you so much for doing such a great job presenting this; what incredible production values: sound: 9/10, lighting 10/10 edits 11/10, Content 100/10!
These two deserve Nobel prize
I will have to watch this series multiple times because of how much information you two give but it’s so good!
Great discussion, I feel like you took my brain for a 20 mile jog.
What a great tour de-force into the roots of the geopolitical forces that drive reserve currencies and effect on other national currencies from Ms Desai.
I'm loving these talks. Thank you all.
Great video
Very much enjoyed listening to this. Thank you!
How a mainstream media could not house the thoughts of these two economists is disgraceful and dishonest!
Mainstream media rarely ventures beyond those who hold mainstream views.
This is a very educative series. Thank you very much! You two are great teachers!
Thank you for another excellent discussion!
Great show, for the algorithm!
I’m guessing taxpayers foot the bill for Ukraine aid up front and ‘Wallstreet’ collects the repayment, getting paid twice
Great 👍 Session, Radhika and Michael
Right on time 👌🏾😏
The best show on youtube 💯💯👑❤
Brilliant and fascinating. Thank you!
I’m waiting for the next episode,great work
Michael's historical analysis is priceless, in particular the US role in financially positioning itself, after the Great Depression it created, as the unchallenged successor to the British empire. Radhika, none too shabby either. Typically, or so it seems to me, she lays the groundwork, while he proceeds to knock it out of the park!
A brilliant insightful and informative discusion, thankyou 👍👍🍻🥂
Great show!
Great show once again and a big thanks to you both for making our monetary history and present so clear to understand.
😀 Big Thanks! 😃
A very great series! Thank you
It would be interesting if you guys can give us numbers? I mean, how significative is the “dropping of the dollar”? What percentage of the actual volume of internationally circulating dollar are we talking about? Is it 25%? Or is it 2%?
The international Capital Markets for USD, aka the Eurodollar markets, is a global-decentralised network of banks outside the jurisdiction of the US. It provides loans to sovereign states and multinational corporations denominated in USD to facilitate international trade.
It began in the late 1950s, and it has several origin stories, but the most likely one is that the trade started when a communist power needed to deposit its USD reserves outside its own system. They deposited them in a bank in London.
Now, deposits are liabilities for banks, and they need to make money to pay the interest on deposits. At the time, capital transfer restrictions by Uncle Sam meant was such a shortage of USD needed to buy commodities in Europe. So much that borrowers were prepared to pay a much higher rate of interest to borrow those dollars. So, the bank in question loaned them out, and made a pretty profit. Over time, the trade grew so much that they had to start offering high rates of interest for cash dollar deposits too, and other banks would lend their dollars to other banks. And these banks got into the trade as well.
To get such loans, the collateral offered had to be of high quality, which provided other assets which be lent out for a fee. So the sovereign states and multinationals offered, or could get 'Triple A' assets, like T-bills, gold, COD's, and high quality junk bonds as collateral. Wind of it soon came to American private banks and brokers, like J.P. Morgan, and they joined in. Then there were also the Over-The-Counter Eurodollar accounts that for a minimum deposit of $100,000, one could get a very good rate of interest.
Uncle Sam eventually got around business to looking at the Eurodollar market, but would not, or could not, get it stopped or supervised. They simply had to stand by as the Middle East oil producers, fed up at the low returns from US Banks, withdrew their money and deposited it in the Eurodollar markets.
If you know your basic monetary economics, you will know that debt creates money, because debts can be sold as an asset for cash, as well as interest. Thus, the Eurodollar markets are creating USD outside the control of the US Treasury. Being in the wild, so to speak, the exact value cannot be deduced, because it is buried in the accounts of the private banks operating within it. So, all we have are estimates. The last estimate I saw was that it was producing as USD loans 1.5 times the value of USD in the US domestic economy.
Yep, it is that big. And more importantly, it flows in and out of national economies, including the unnoticed by many. It's a major source of global liquidity. Banks, nations, and major corporations use it for funding.
Being run by private banks, there is relatively little written about the Eurodollar Markets. Which on reflection, is unsurprising as it is the global shadow banking system, and it's rarely reported on, even though it's a critical part of the global financial system.
In the past, there is a suspicion that the Eurodollar markets, before 2009, have been partly responsible for asset bubbles forming and driving up asset inflation. But after 2009, when the US queered the pitch with dodgy mortgage backed securities, the Eurodollar Markets have been far tighter in their lending criteria, and that impacts the US economy, because it is a source of liquidity.
Perhaps that's why some US 2nd tier regional banks have had to resort to borrowing from the FHLBs on the quiet. To do is normally the penultimate stage before the walk of shame to the Fed, and it often avoided because the terms are onerous. Is that they cannot get loans from the Eurodollar markets, as they don't have the collateral? Because interest rate hikes have devalued the bonds they invested in? And since the Yield Curve inverted, the Eurodollar Market only takes short-duration US T-bills with a haircut as collateral. Nothing else. That was the beginning of the credit crunch we're going through right now, that's only been blunted by QE money sloshing around, and the hype bubble in equities.
Check out the videos on the channel Eurodollar University on UA-cam, created by Jeff Snider. He's a bit obtuse, but he knows his onions. It might be worth researching the Eurodollar markets yourself.
Great .thank you both.
Great series. I am learning so much just by researching further what these two are discussing. I can't express my gratitude further. I need to buy your books
How do we get a signed copy?
Excellent!
Eric Williams wrote the book Capitalism and Slavery…the excess surplus from slavery created industrialization
The Best
great lecture, really enjoyed every second of it :D thank you both!
Thank you ☘🌻🌾🌹.
Exploring inflation, not the world factory anymore, coercion of foreign policy, sanctions devestating effect on developing countries about time countries move from dollars
Squeezing Germany for reparations was the opposite of adopting a win-win approach.
Yes. But Germany's domestic story is somewhat more complicated. Find a copy of Bruno Heilig's monograph from the 1930s on why the Weimar Republic fell.
Good Lord imma have to share this with my conspiracy uncles. They talk about going back to gold cuz illuminati or something, but through the lens of imperialism it makes so much more sense.
Economic failures mean Imperial Powers influenced is broken makes the Systems to work any more . It is heart of Power Horse of consciousness thinking Professionalism to work on every things to mobility .
Great..just got Michaels book a week ago or so..
such great information, thanks for making this content!! looking forward to the Ukraine Reality
Keynes' Bancor appears to be what Russia etc are proposing. Commodity based currency.
Invaluable knowledge!
Ukraine can never pay its debt of landlease. They have diminished population, emigrants which don't want to return and country in constant collapse. Ukraine major resource is very fertile black earth. Thus I can imagine making plantations in Ukraine but then they will need foreign workers.
USA could support Ukraine by writing of debt. But that would not happen.
Radhika is great but maybe it’ll be great if Prof Hudson and Rafhika could also appear separately for their own air time as well
I have collected as much Michael Hudson as I could find, in my created playlists. Plenty of solo Hudson there.
Me too but most of them are not current . It’ll be great to see him solo on a weekly basis as well ?
It's a shame M.Hudson has such few subscribers Smh
He needs more exposure
@@lindagonzalez5513 no doubt...he himself is a pillar (of knowledge) of anti-imperialism imo.
Send Scott Morrison. Rishi Sunak. Justine Trudeau and Biden to Ukraine's front line...🎈
thx guys - hour's up already ?
access to energy is very central to industrialization like coal. Italy and Spain didn't have it while France and Germany had wars over it. Germany also imported energy from Russia prior to 1.WW
Excellent. Much appreciated
well said on gold standard
Doctor doctor, gimme the news, I gotta, bad case of lovin' you. 🥰😘
Clarifying
I’m thinking of a word that appears in Adam Smith and Marx that might be relevant ie Mercantilism. Sorry did economics and history back I. 60s in school A levels.
I love this series and always appreciate the insightful comments of canine companions of the speakers. 🐶
1 pt of beer cost, 1,000,000,000,000,000 marks
What will happen if, paper money is circulated and each 50,000 USD is equal to 1 gold coin, therefore increasing the money supply ?
👍
🙏🏿
5:38
'Capital can only be accumulated in money' huh?
I don't know if you can see it
What will be the basis of currencies of all countries in the future，And how to price labor，Marx said it was labor time, but now I don't think it is right
I think it can price the value of goods，Prevent deflation and deflation at the same time
Can Industrial Capitalism Give Human Happiness，Is Marx too optimistic
Is it possible for us to have our question answered?
Papa bless..
Is there a paper on this series.
So it's decided, anyone that doesn't have a dog barking in the background is not trustworthy!
"increasingly desperate military actions of the United States"
"A bunch of rich guys who wanna own ya!" Yeah, Mike, and we just flip them the bird, right? The billionaires disappear right there, yes? Kinda like Russia in the face of Zelenski! One middle finger is the solution for "rich guys who wanna own ya!" Tell me another good one!
Clark Timothy Johnson Kimberly Jackson Mark
noice
Michael should mute his mic when crap is going on at his house its quite distracting. Otherwise interesting video.
slow but trying
Me thinks: these rececent perniciuos depredations of Capitalism, especially the particularly vicious form of it we have in the USA, will bring back much interest in classical Marxists-- not the distorted sick pathological version done by Stalin....who knows where this current Western Financial Crisis/ Collapse will lead to?? 3/21/2023 posted.
Vote Libertarian 💯 noobs 🔥🔥🔥. They are not imperialists 😉
22:24 why are criminals given the distinction of being a capitalist? you and Michael have extraordinary knowledge to pass on, are you two criminals? It is time everyone understand what capital is. Does capital punishment mean someone’s currency is being taken away? If someone is decapitated, is there currency taken away? If someone capitulates to someone else, do they give their currency to the other? if you get a pill in the form of a capsule, is it covered in currency? Do you wear a baseball cap? Is that baseball cap made out of currency? If you’re not sure of what I am saying, ask Yankee doodle. He stuck a feather in his. Or, is that macaroni on top of your shoulders?
If you say, “I hate capitalism”. You are saying, “I hate people”.
26:52 after World War II, the United States had most of the production.
31:18 capital flows? Using the proper definition of capital, are you saying human trafficking?
Always learning a lot here. How big a percentage of economists supports these thoughts ?
very low percentage in the US because of the education system, but internationally this type of analysis is growing in popularity. is mainstream in China
Thank you two so much for sharing your VALUABLE time and knowledge with the peasants😊🥲We appreciate you❤️
Get rid of her
Excellent!