[OTE60] On the Edge with Michael Hudson – 26 June 2010

Stacy Summary: Max talks to Michael Hudson about debt, deficits, austerity, Greece and more.


228 comments on “[OTE60] On the Edge with Michael Hudson – 26 June 2010
  1. Youri Carma says:

    Doubts grow about US progress in Afghanistan http://forum.prisonplanet.com/index.php?topic=176964.0

  2. Youri Carma says:

    Iran is Surrounded by US Troops in 10 Countries http://www.israelnationalnews.com/News/News.aspx/138284

  3. frances snoot says:

    Margaret Thatcher knew Sir James as “Jimmy”:


  4. Youri Carma says:

    MTF’s gonna kill us with the GM food! Basterds!

    Giant salmon will be first GM animal available for eating http://www.telegraph.co.uk/foodanddrink/7857310/Giant-salmon-will-be-first-GM-animal-available-for-eating.html

    Supermarkets across Britain are routinely selling food from animals reared on genetically modified crops without having to declare it on labelling, it can be disclosed. http://www.telegraph.co.uk/foodanddrink/7852762/Supermarkets-selling-meat-from-animals-fed-GM-crops.html

  5. Youri Carma says:

    Genetically Modified Soy Linked to Sterility, Infant Mortality http://www.responsibletechnology.org/utility/showArticle/?objectID=4888

  6. frances snoot says:

    Mind you-Guiseppi-that statute has a bit of fine print on the base. You have to lean quite close to see it to read it. Would you like to know what it says?


    (oh, there, I do go on)

    Don’t you like seeing Cameron on a pedestal?

  7. SAO says:

    “Payday lenders calling it quits; some may offer auto-title loans”


  8. Daniel S says:

    Johan, there is no plan to seize all the land, but I did sense you had a misguided personal stake. You don’t bother attempting to understand the views of others and then expect them to respect your poorly thought out ideas. Deflation isn’t enough. And you don’t own the land anyways. First and foremost you are owned.

  9. YES!!!!

    Silence those Stimulus Shills…
    They have trodden upon the hopes of the labourer
    for sake of the Economic Indicator…

    For whom dost the economy serve?
    ‘Tis but a red-herring amidst an oily sea of befuddlement…
    For you see,
    the econo-me
    serves no body,
    but the Corpus Corporatus (is that redundancy?)

    Check this…
    I finally learned the difference between Multi-national and Trans-national,
    c/o Goldsmith
    (Chap 2, pg 23 of THE TRAP pdf-version)
    There is a difference between today’s transnational companies and the old multinationals. Multinationals built factories in Brazil or India in order to conquer the Brazilian or Indian markets, not in order to acquire cheap labour to replace jobs at home. They participated productively in the economies of the countries in which they invested and did so without damaging their own national economies. Transnationals, on the other hand, buy labour in low-wage countries and import their products for sale in the residual high-wage, high income markets. Today many of the larger groups have become hybrids. When Sony manufactures televisions in France for sale in the European Union, it is acting as a multinational. When it imports, for sale in Europe, televisions produced in low-wage areas, it is acting as a transnational.

  10. @snoots

    I don’t like seeing Cameron on a pedestal…
    Let me know when he can do those levitation tricks like Angel or Blaine…
    then I’ll be impressed…

  11. Mohammed says:

    I know you’ll like this MAX. I just hope it hasn’t been posted here before:


  12. zaphodity says:

    Youri Carma :Doubts grow about US progress in Afghanistan

    Nearly ten years later and we’re still there, lets not forget The Never Ending Storyyyyy Iraq either…You won’t ever be able to take so much as a leak outside the “greenzone” without APC’s, armed troops and air support. U.S. has kind of created another Palestine (occupied land under armed guard) and you can bet that’s gonna breed more trouble in the future, which in turn will breed more wars which in turn is exactly what they want.

    Max looks surprisingly sprite and healthy this episode.

    For the troops:

  13. Vega Man says:

    @ Giuseppe Bagodonutti

    Thanks for the chart links.

    Vega Man

  14. zaphodity says:

    I don’t think the act of the world paying for U.S. wars was an “accident” at all…Seems to me these “accidents” happen all the time and at just the right moment…

  15. zaphodity says:

    Gold standard abolished “accident” Veitnam “accident”
    9/11 “accident” geopolitical manuvering in Iraq and Afghanistan “accident”

  16. zaphodity says:

    If the laws of averages have any say then the fact the U.S. has come this far and become a world power from its humble beginings an “accident” is like saying winning lotto everyday for the next 2000 years was an “accident”…no..TOTALLY deliberate..

  17. zaphodity says:

    Easiest way to fool someone is get them to think your dumb…They never expect their problems will come from you.

  18. zaphodity says:

    Crimes that keep their secrets
    Will unfold behind the clouds
    And there upon the rainbow
    Is the answer to a Never Ending Story

    Sounds like U.S. foreign policy XD

  19. frances snoot says:

    “Easiest way to fool someone is get them to think your dumb”

    That should be a snap for you, Zaphoddity.

  20. Sebastian says:

    Video 3 shows a message “This video has been removed by the user.”
    Can you fix this? Cheers.

  21. hamster cheese says:

    I love the attacks on Keynes…paradox of thrift?? Let’s try just the opposite of what he expunged into our college econ text books. Also..David Ricardo, microecon theory of comparative advantage and specialization…Nassim Taleb made a good point some time ago, that comparative advantage would leave a system vulnerable should a black swan hit a specialist sector…there is no redundentcy in Ricardo’s theory, redundentcy is considered inefficient…you have two eyes, two lungs, etc…nature is redundent for a reason..so the new economy, in the macro sense, should do the opposite of Keynes and the micro economy should seek security in duplication.

  22. Chris Gould says:

    Where’s part 3? Even if it was removed for not being inflammatory enough he’s a sharp cookie this Hudson fella who presents as a paid up member of the suit and tie brigade but can actually elucidate on his fields of expertise whilst offering genuine alternatives worthy of consideration by the binders of criminally inaccurate economic textbooks.
    Perhaps there should be a Financial Wizard Futures exchange built to weed Fox news out of existence.

  23. Aleix says:

    Max has a tendency to bring total idiots from time to time to his program. A lot of content time to fill!

  24. Dave says:

    Ah! I was going to save this interview onto my desktop, but part 3 is now gone. Is Press TV fixing the audio issue on this part?