Michael Hudson - on Future of the Dollar

Michael Hudson - on Future of the Dollar

Wednesday, 24 August 2011
Insight on the future outlook of the US Dollar from Michael Hudson.
Michael Hudson is research professor of Economics at University of Missouri, Kansas City (UMKC) and a research associate at the Levy Economics Institute of Bard College.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).Hudson has also been economic advisor to the U.S., Canadian, Mexican, Malaysian,Chinese and Russian governments, and to the United Nations Institute for Training and Research (UNITAR)

Hudson is a policy insider and government adviser to no less than 9 countries over the last few years. He was listed as one of the 12 economists who predicted the crisis in Dirk Bezemer's paper “No One Saw This Coming": Understanding Financial Crisis Through Accounting Models ( http://mpra.ub.uni-muenchen.de/15892/1MPRA_paper_15892.pdf ).

He has written numerous books and articles and is a regular on NPR’s Marketplace, Bloomberg Radio and numerous Pacifica interview programs, and is a contributor to CounterPunch. He has written for the Journal of International Affairs, International Economy and New York Times. 

Two particular books Super Imperialism - New Edition: The Origin and Fundamentals of U.S. World Dominance which describes the genesis of America's political and financial domination & Global Fracture: The New International Economic order, Second Edition a new and updated edition that explores how and why the US came to achieve world economic hegemony provide insithgt into the global economy.


His forthcoming book, The Fictitious Economy, tries 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 riskamong the general population.

Watch the interview clip with him in the film below:
 

Video

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2 comments

  • Comment Link Alexander Sunday, 11 September 2011 05:31 posted by Alexander

    Very deep and understanable

  • Comment Link Homeslice Monday, 12 September 2011 10:34 posted by Homeslice

    50 to 75 military bases? I think he meant 750 military bases!

    Dollar will rise short term as there is nowhere else to put them- only gold and land- swiss francs not an option!

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