Economist Michael Hudson analyzes the collapse of Silicon Valley Bank, Silvergate, and Signature Bank, explaining the similarities to the 2008 financial crash. He also addresses the US government bailout (which it isn’t calling a bailout), the role of the Federal Reserve and Treasury, the factor of cryptocurrency, and the danger of derivatives.
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BRIAN BERLETIC—US meddling is far from confined to Ukraine as part of its proxy war with Russia. The US pursues a similar policy against China by targeting nations all across China’s periphery. The US government through the National Endowment for Democracy (NED) and its subsidiaries has sponsored opposition parties and organizations in Cambodia for years including Kem Sokha’s Cambodian National Rescue Party. In 2017 Kem Sokha openly admitted to working with the US to overthrow the Cambodian government in a Washington-sponsored Serbia-style color revolution. Cambodia has now jailed Kem Sokha for 27 years for treason.
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PRES. PUTIN—The Western elite makes no secret of their goal, which is, I quote, “Russia’s strategic defeat.” What does this mean to us? This means they plan to finish us once and for all. In other words, they plan to grow a local conflict into a global confrontation. This is how we understand it and we will respond accordingly, because this represents an existential threat to our country.
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Despite being the largest and most powerful empire in history, the US, like Britain, essentially a thalassocracy, is falling apart probably as a result of its own belief in eternal supremacy, and the rule of mediocre or plainly stupid administrators, both at its center and in its far-flung vassal states.
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ERIC ZUESSE—Consequently: the ‘news’-media in any imperial nation are required to deceive their publics to believe that the imperial-and-vassal, or “colonial,” relationship is voluntary, so that the public there will be deceived to think they live in a democracy — even though that’s actually impossible by the very nature of ANY empire. What this deceit requires is therefore to have a majority of the public being fools. Intelligent persons in the public thus constitute a threat to the existing rulers, and therefore must be suppressed or else eliminated.
