As stock market crashes, is US facing new financial crisis? Economist Michael Hudson explains

8/8/2024

A comprehensive analysis of how long-term economic and financial mismanagement using debt has enabled private capital to expand corporate assets. In parallel, deindustrialization, technocracy/AI and the US/NATO global ‘war against everything’ has destroyed real western economies to the point of collapse. A geopolitical crisis hidden behind media narratives controlled by a parasitical class of oligarchs who are now moving to impose control by remote AI systems controlled centrally.

Check out Geopolitical Economy Hour, the program Michael Hudson hosts with Radhika Desai, here:    • Radhika Desai & Michael Hudson - Geop...
His website: https://michael-hudson.com
Topics 0:00 Teaser 0:54
Why did the stock market crash? 8:19
Is the US economy entering a recession? 12:36 Japan and the yen carry trade unwind 27:14
China's economy 32:41
Popping of the AI / Big Tech bubble? 46:05
Geopolitics: Russia, Ukraine, Israel, Iran 54:19 Re-inflating the bubble? 1:03:51
Can't the debt be rolled over? 1:07:27
Asset price inflation vs consumer price inflation 1:11:29
Capital gains grow faster than the economy 1:13:12
What is missing from most economic analysis? 1:26:05
Outro || Geopolitical Economy Report ||
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