On Friday, Jan. 13, Treasury Secretary Janet Yellen wrote to Congress that the U.S. government will hit its borrowing limit on Jan. 19, forcing the new Congress into negotiations over the debt limit much sooner than expected. She said she will use accounting maneuvers she called “extraordinary measures” to keep U.S. finances running for a few months,…
In my other role as a secret apologist for Russia and Vladimir Putin, I was contacted yesterday by Sputnik News to comment on the official US debt number surpassing $31 trillion. I’m always grateful for the opportunity to talk about these issues. I am, after all, a fiscal hawk extraordinaire,. At the same time, I’m…
“And thus it renders more and more evident the great central fact that the cause of the miserable condition of the working class is to be sought, not in these minor grievances, but in the capitalistic system itself.” Friedrich Engels, The Condition of the Working Class in England (1845) (preface to the English Edition, p.36)…
The island nation of Sri Lanka, located south-southeast of India in the Indian Ocean has suffered economic and now political chaos that has grabbed international headlines. The Western media has floated narratives ranging from “debt trap diplomacy” perpetrated by China and its Belt and Road Initiative to food shortages spurred by Russia’s “blockade” of the…
This one-hour video provides a comprehensive picture of who controls everything we buy, eat, read, travel in, clothe ourselves with, how and about what we communicate with each other – and, yes, they also control the climate. Please watch the documentary and spread it around as far and wide as you can. Click image below to…
With The Destiny of Civilization: Finance Capitalism, Industrial Capitalism or Socialism, Michael Hudson, one of the world’s leading independent economists, has given us arguably the ultimate handbook on where we’re at, who’s in charge, and whether we can bypass them. Let’s jump straight into the fray. Hudson begins with an analysis of the “take the…
