Monthly Archives: May 2023


China builds global alternative as US-led financial order decays

The Geopolitical Economy Hour has the episode China builds global alternative as US-led financial order decays.

To analyze how China is building a global alternative as the US-led neoliberal financial order decays, political economists Radhika Desai and Michael Hudson are joined by economic geographer Mick Dunford.

I claim to be a “what worksist”. This was discusses in this podcast without giving it name. Several people discussed the process of trying a policy and measuring whether or not it works to improve peoples’ living standards. If Michael Hudson wants to develop an academic justification for “what worksism”, then that is something he should work on.

I include the video below from YouTube. Warning, YouTube seems to have detuned the audio volume to be sharply lower than the rest of the web. You may have to turn up the volume to hear the audio portion. Just remember to turn the volume back down before listening to other audio sources. (The turned up volume might blast you our of your seat, and stun you out of control before you can reach out to turn the volume down)


Robert F. Kennedy Jr. and Crypto-Currency

Here are two article that highlight what worries me abou Robert F. Kennedy Jr – Exclusive: Robert F. Kennedy Jr. Says He Doesn’t Want ‘Anti-Crypto’ People on the SEC and Watch Robert F. Kennedy Jr.’s Keynote Address at Bitcoin 2023.

Kennedy warned of the danger of centralized digital currency (known as CBDC or central bank digital currency) being abused by governments to track every financial transaction of its citizens and then punish them for bad behavior, noting that “free money is as important to freedom as free expression.”

As far as I am concerned, I think crypto-currencies are a mania that has little reason to exist. These currencies have enough computer mystique to fool many people into thinking that there is some innate value to a crypto-currency. When I think about cry[to-currency I think about the Tulip mania that lasted from 1634 to 1637.


Ukraine’s neoliberalism on steroids, Europe’s economic suicide

Geopolitical Economy Report has the video Ukraine’s neoliberalism on steroids, Europe’s economic suicide

To analyze the conflict in Ukraine, political economists Radhika Desai and Michael Hudson are joined by economic geographer Mick Dunford. They discuss the aggressive neoliberal reforms being imposed by the Ukrainian government and Europe’s suicidal policies.


Interview with RFK Jr – Massive Russian missiles rain down

YouTube has the video Interview with RFK Jr – Massive Russian missiles rain down.

Colonel Douglas Macgregor discusses the war in Ukraine with Robert F. Kennedy Jr. on May 6, 2023.

I see nothing in the video to justify the phrase “Massive Russian missiles rain down”


Compare Robert Kennedy Jr.’s understanding of the Ukraine with Marianne Williamson’s lack of understanding, There is just no doubt in my mind as to which one I would rather have in charge of USA foreign policy. I have trouble warming to Robert Kennedy Jr., but I find this issue decisive in his favor. I find Douglas Macgregor to be too right wing for my preferences, but on the issue of Ukraine and relations with Russia and China, I tend to agree with him.


4 US banks crash in 2 months: Banking crisis explained by economist Michael Hudson

YouTube has the video 4 US banks crash in 2 months: Banking crisis explained by economist Michael Hudson.

Economist Michael Hudson joins Ben Norton to discuss the collapse of four US banks in two months, giant JP Morgan Chase taking over First Republic Bank, and how government regulators are in bed with the bankers.


How hard does the public have to be slapped in the face by reality before more people see what is going on? Unfortunately, if more people wake up, my investments in short term government bonds may crash. Maybe my investments in gold will rescue me. If we have a nuclear war, none of this will make any difference. I am almost 79, so I won’t have long to suffer no matter what.

Here is an article from Wall Street On Parade that Hudson and Norton mention Americans Are Wrong to Worry About FDIC-Insured Bank Deposits; They Need to Worry About Sales Hustlers Inside those Banks and Short-Selling Barbarians


Private Equity’s Plan to Pillage America

The Institute for New Economic Thinking has the podcast Plunder: Private Equity’s Plan to Pillage America.

Brendan Ballou, talks to Rob about his forthcoming book, Plunder, about the growing harmful role of private equity in the US. Ballou is a federal prosecutor and served as Special Counsel for Private Equity in the Justice Department’s Antitrust Division.

The fact that I know about this, but so few others understand what is being done to them is what horrifies me.

Listen to this podcast, try to get an idea of the danger it poses, and try to get others to understand this.

If people in Massachusetts understood how Deval Patrick stabbed them in the back after he left office, they might be more guarded in their praise of ex-politicians.

In case people can’t make the connection, Deval Patrick went to work for Bain Capital after he left office. Mitt Romney made his fortune in Bain capital before he got into politics. Romney had the nerve to call people unlike himself as “the takers”. He didn’t own up to the fact that people like himself were the most successful robber baron’s around. People in Massachusetts today probably don’t understand how Mitt Romney got rich.