Michael Hudson has posted what he calls The Blueprint to the US Empire.

On YouTube it can be found under the title How and Why the US Cannot Recover: Is It a Failed State?”.

Michael Hudson’s many books include “Super Imperialism,” “Killing the Host,” “… And Forgive Them Their Debts,” “The Bubble and Beyond,” and “Global Fracture.” This provocative title invites genuine discussion about the state of the US economy, its failures and what this might portend for the future of the US dollar as global reserve currency, the problem of the US balance of payments, and the role of military production in the US economy. Prof. Hudson is Distinguished Research Professor at the University of Missouri, Kansas City, and lectures at the University for Sustainability in Hong Kong. His frequent trips to China give him a unique understanding of long-term economic trends.

Naked Capitalism has the post Michael Hudson: America’s Real Adversaries Are Its European and Other Allies.

The success of China’s industrial policy with a mixed economy and state control of the monetary and credit system has led U.S. strategists to fear that Western European and Asian economies may find their advantage to lie in integrating more closely with China and Russia. The U.S. seems to have no response to such a global rapprochement with China and Russia leverage except economic sanctions and military belligerence. That New Cold War stance is expensive, and other countries are balking at bearing the cost of a conflict that has no benefit for themselves and indeed, threatens to destabilize their own economic growth and political independence.

Cutting back that spending, and indeed recovering industrial self-reliance and competitive economic power, would require a transformation of American politics. Such a change seems unlikely, but without it, how long can America’s post-industrial rentier economy manage to force other countries to provide it with the economic affluence (literally a flowing-in) that it is no longer producing at home?

Finally, an explanation of the USA and Russian motivations.