The Unz Review: An Alternative Media Selection
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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Michael Hudson: Well, I think you’re quite right in organizing the conference to point out that today’s pandemic crisis hastens and intensifies the internal contradictions that have been building up. Many of these contradictions are going to be blamed simply on the virus. But there is an underlying problem that the virus is exposing and... Read More
The conservative majority on the Supreme Court may betray America on cultural issues, but it does equally as impressive legal back flips to protect corporations who want to steal their worker's pensions. In Thole v. U.S. Bank, Judge Kavanaugh led a 5-4 ruling stating that the retirees suing their employers for enriching themselves by mismanaging... Read More
(Twilight Zone 2020)
You are a globalist. Not you personally, gentle reader. Let me explain. We’re going on a voyage through sight and sound and mind, unlocking that door with that key of imagination (it’s still around), crossing over into Twilight Zone 2020. When we’re done, you’ll have seen the world through the eyes of a globalist. Which... Read More
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To most people, if they are familiar with it at all, BlackRock is an asset manager that helps pension funds and retirees manage their savings through “passive” investments that track the stock market. But working behind the scenes, it is much more than that. BlackRock has been called “the most powerful institution in the financial... Read More
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Connecting the Dots to Our Brave New World
Humankind is at a cusp, a point of transition between two different states of governance and existence. The world today is like a sack being slowly filled while the string around the opening is pulled increasingly tighter to prevent the contents from escaping confinement. The shadows of this future are everywhere to be seen but... Read More
Jamie Dimon and JP Morgan Chase
I have to say that I am amazed that so many folks on the Left seem to think that the current riots in the US are a spontaneous rebellion against police violence, systemic racism, and history of persecution and exploitation of Blacks and Indians, etc. As for the violence, looting and riots - they are... Read More
Hip Hop legend Ice Cube came under fire last week for posting an anti- racist image on Twitter in support of Black Lives Matter. The image was widely panned as ‘anti-Semitic’ by those who work hard to conceal images of slavery, oppression and abuse as soon as they gather that a member of their ethnic... Read More
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Can we cut the faux Outrage over ‘The Fed’ and the evil ‘One Percenters’ and focus on illicit Counterfeiting and...
With the national debt reaching absurd heights and personal home/auto/college/credit card debt sucking the joy out of life, it’s long overdue for a fresh look at this ancient topic. If your understanding of financial matters is informed by mainstream news and/or subsidized academics, I’m guessing you may have missed some key points—since both groups love... Read More
When investors buy stocks, stock prices rise. That is the immutable law of the market. It doesn't matter if the money comes from big financial institutions, Mom and Pop day-traders or Central Banks. The same rule applies: Buy more stocks and prices go higher. So when the Federal Reserve launched its recent "repo rescue" operation,... Read More
Following a few mild words of dissent by Congresswoman Ilhan Omar, the US House of Representatives was almost united in affirming the special relationship between Israel and the US. See, for ex. So how is “our most reliable and most important ally” treating us? If ‘our' includes the US treasury, the answer is that Israel’s... Read More
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The Inequality Gap on a Planet Growing More Extreme
As we head into 2019, leaving the chaos of this year behind, a major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, as many politicians claim, why are leaders and their parties around the world continuing to... Read More
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2017 compared to 1917
Socialism flowered in the 19th century as a program to reform capitalism by raising labor’s status an
For 66 years the Glass-Steagall act reduced the risks in the banking system. Eight years after the act was repealed, the banking system blew up threatening the international economy. US taxpayers were forced to come up with $750 billion dollars, a sum much larger than the Pentagon’s budget, in order to bail out the banks.... Read More
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Glass-Steagall or Another Economic Meltdown?
Donald, listen, whatever you’ve done so far, whatever you’ve messed up, there’s one thing you could do that would make up for a lot. It would be huge! Terrific! It could change our world for the better in a big-league way! It could save us all from economic disaster! And it isn’t even hard to... Read More
Remember when “draining the swamp” was something the Bush administration swore it was going to do in launching its Global War on Terror? Well, as we all know, that global swamp of terror only got muckier in the ensuing years. (Think al-Qaeda in the Arabian Peninsula, think ISIS.) Then, last year, that swamp left terror... Read More
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SHARMINI PERIES: Just prior to the economic collapse of 2007-2008 there were several economic indicators which could have given us a clue of the impending disaster. If we look at the economic situation today in the US, we find many of these very same indicators. Housing prices are getting very high. Credit card debt has... Read More
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God bless Donald Trump for sacking James Comey! Just a few days before this decisive step, Justin Raimondo of Antiwar.com called James Comey "the most powerful man in America". Comey was pushing the US into an unnecessary war with unwilling Russia. Answering a question by Lindsey Graham, the notorious warmonger, he said that Russians are... Read More
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How a Bank Conquered Washington
Irony isn’t a concept with which President Donald J. Trump is familiar. In his Inaugural Address, having nominated the wealthiest cabinet in American history, he proclaimed, “For too long, a small group in our nation's capital has reaped the rewards of government while the people have borne the cost. Washington flourished -- but the people... Read More
In the course of researching an article on five HSBC whistleblowers for CounterPunch magazine, I got to know one of them, Nicholas Wilson from the UK. Wilson, a lawyer, exposed a sleazy bit of business in which HSBC’s personal finance unit loaded its debt recovery with millions in improper fees. He lost his job while... Read More
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Introduction: During most of the past two decades Washington has aggressively launched military and economic wars against at least nine countries, either directly or through its military aid to regional allies and proxies. US air and ground troops have bombed or invaded Afghanistan, Iraq, Pakistan, Libya, Somalia, Syria, Yemen and Lebanon. More recently Washington has... Read More
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The IMF foretells of vulnerable banks in US and EU while enabling unsustainable debt-leveraging, says economist Michael Hudson. KIM BROWN, TRNN: Welcome to The Real News Network. I’m Kim Brown, in Baltimore. With the worst of the great recession, supposedly, behind us, economic analysts still see signs that we’re not yet completely out of the... Read More
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James Galbraith’s articles and interviews collected in his bookWelcome to the Poisoned Chalice trace his growing exasperation at the “troika” – the European Central Bank (ECB), IMF and EU bureaucracy – which refused to loosen their demand that Greece impoverish its economy to a degree worse than the Great Depression. The fight against Greece was,... Read More
William Engdahl recently explained how Washington used the corrupt Brazilian elite, which answers to Washington, to remove the duly elected President of Brazil, Dilma Rousseff, for representing the Brazilian people rather than the interests of Washington. Unable to see through the propaganda of unproven charges, Brazilians acquiesced in the removal of their protector, thereby providing... Read More
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Is Inequality Really Good for the Economy?
To paraphrase Mark Twain, everyone complains about inequality, but nobody does anything about it. What they do is to use “inequality” as a takeoff point to project their own views on how to make society more prosperous and at the same time more equal. These views largely depend on whether they view the One Percent... Read More
JAISAL NOOR: It’s been a tough week for Senator Bernie Sanders on the campaign trail, despite his big win in Wisconsin on Tuesday, because it’s been marked by fierce attacks on his economic plans. On Friday, New York Times’s Paul Krugman pinned a scathing critique of Sanders for his slogans of breaking up the banks... Read More
Panama money laundering 2016
“Closing Panama Tax Haven Will Require Fighting the Most Powerful Lobby In the World,” The Real News Network, April 14, 2016. Economist Michael Hudson says oil and mining industries and the State Department created Panama and Liberia for the express purpose of tax evasion. Sharmini Peries coming to you from Baltimore. Within a week the... Read More
AISAL NOOR, TRNN: Welcome to the Real News Network. I’m Jaisal Noor in Baltimore. It’s been a tough week for Senator Bernie Sanders on the campaign trail, despite his big win in Wisconsin on Tuesday, because it’s been marked by fierce attacks on his economic plans. On Friday, New York Times’ Paul Krugman pinned a... Read More
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I’m Bonnie Faulkner. Today on Guns and Butter, Dr. Michael Hudson. Today’s show: The Slow Crash. Dr. Hudson is a financial economist and historian. He is President of the Institute for the Study of Long-Term Economic Trends, a Wall Street financial analyst and Distinguished Research Professor of Economics at the University of Missouri, Kansas City,... Read More
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CHRIS HEDGES: Hi, I’m Chris Hedges. Welcome to Days of Revolt. Today we’re going to carry out part two of my discussion about where we’re headed economically, with economist Michael Hudson. He’s worked on Wall Street, taught economics, and is the author of Killing the Host: How Financial Parasites and Debt Destroy the Global Economy.... Read More
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Despite a growing pushback against the effort, the rush among international bankers to do away with high-valued currency denominations, the next step in their goal of a cashless society, continues apace. Having dismissed the concerns of privacy advocates and the like by linking the elimination of paper money to the global war on terrorism, the... Read More
Today, the ‘poorest of the poor’ are superfluous to empire and thus the policy of genocide. The current world war between the classes has become a war between exterminators and those who would fight to survive! ‘The war and its results have turned Yemen back a hundred years, due to the destruction of infrastructure .... Read More
Everyone now agrees that Treasury Secretary Hank Paulson badly botched the Lehman Brothers crisis of 2009. But at least he had an excuse. The pace of events left him little time for second thoughts. By comparison the German-led group of EU officials who engineered this weekend’s Cyprus bank bailout don’t have a leg to stand... Read More
As all hell broke loose in the banking sector again yesterday after more downgrades from Moody’s, some older investors may have wondered what ever happened to the “bankers’ hours” of yore. The joke used to be that bankers lived by the “3-6-3 rule”: they paid 3 percent on deposits, charged 6 percent on loans, and... Read More
WASHINGTON - Before this - thankfully - last United States presidential debate, Republican candidate Senator John McCain had promised "I'll whip [Barack] Obama's you-know-what". Well, he whipped nothing. He told Americans he was not President George W Bush. And then he presented himself as Joe the Plumber - a new working class heir to vice... Read More
an Interview with Michael Hudson for Counterpunch. By STANDARD SCHAEFER The oil industry created the practice of countries (SHIPS?) flying “flags of convenience” as a means of avoiding income taxes nearly a century ago. Since the 1960s the U.S. Government itself has encouraged American banks to set up branches in Caribbean hot-money centers and more... Read More
PastClassics
The unspoken statistical reality of urban crime over the last quarter century.
Talk TV sensationalists and axe-grinding ideologues have fallen for a myth of immigrant lawlessness.
Which superpower is more threatened by its “extractive elites”?
How a Young Syndicate Lawyer from Chicago Earned a Fortune Looting the Property of the Japanese-Americans, then Lived...