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FMI protesta deuda odiosa FMI protesta deuda odiosa

Economy

The IMF said a "wave of debt crises" may be coming in the Global South, and "the global economy is headed for stormy waters,"...

Michael Hudson debt relief Volcker shock Michael Hudson debt relief Volcker shock

Economy

Economist Michael Hudson discusses partial student debt relief in the US, inflation and the Fed, disaster capitalism in Ukraine, and China's challenge to the...

Sri Lanka protest debt Sri Lanka protest debt

Economy

Sri Lanka owes 81% of its external debt to US and European financial institutions and Western allies Japan and India. China owns just 10%....

Argentina China Russia belt road initiative Argentina China Russia belt road initiative

Eurasia

Argentina is trapped in $44 billion of IMF odious debt taken on by corrupt right-wing regimes. Seeking alternatives to US hegemony, President Alberto Fernández...

Xiomara Castro Honduras Xiomara Castro Honduras

Latin America

At the time of the 2009 US-backed coup, Honduras had $2.48 billion in external debt. Now it has $9.25 billion. New leftist President Xiomara...

crisis dollar system japan yen US Treasury bailout crisis dollar system japan yen US Treasury bailout

Economy

The US intervention to prop up the yen is not just about Japan, but about a crisis in the dollar system. Washington doesn’t want...

americans are not wealthy americans are not wealthy

Economy

Media outlets often claim Americans are wealthier than Europeans, but it's not true. Average wealth looks high, but is skewed by extreme inequality. US...

Michael Hudson ponzi scheme US economy house of cards Michael Hudson ponzi scheme US economy house of cards

Economy

Reports suggest the US economy may be on the verge of another financial crisis, with major problems in the $3 trillion private credit market....

iran war changes global political economic system iran war changes global political economic system

Economy

The US-Israeli war on Iran is altering the geopolitical order, and could cause a global economic crisis. Economist Michael Hudson discusses the shock in...

Iran war strategy US dollar corporations oil Chinese yuan Iran war strategy US dollar corporations oil Chinese yuan

Eurasia

In response to Trump's war of aggression, Iran is using asymmetric tactics, targeting US corporations and dollar dominance, challenging the petrodollar system, demanding oil...

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