Michael Hudson Quotes

The only way for America to remain a democracy is to forgo its foreign policy. Either its world strategy must become inward-looking or its political structure must become more centralized.

Autocracy is the American word for socialism.

We go forward with our heads held high, but look back and remember where we come from.

The Democratic Party is basically the right-wing of the Republican Party, the pro-financial, the pro-Wall Street wing of the Republican Party.

Russia realizes that the world is now broken into two halves. America and NATO have separated the West. Basically, you have a white people’s confederation against all the rest of the world.

China is completely different, because, unlike the West, China treats money and credit as a public utility, not as a private monopoly.

Unless an institutional alternative is created to the IMF, World Bank, International Court, World Trade Organization and the numerous UN agencies now biased by U.S. diplomats and their proxies, the coming decades will see the U.S. economic strategy of financial and military dominance unfold as Washington has planned.

It looks like Europe is becoming an appendage of the U.S. economy, in effect bearing the fiscal burden of America’s Cold War 2.0, with no political representation in the United States. The logical solution is for Europe to join the United States politically, giving up its governments but at least getting a few Europeans in the U.S. Senate and House of Representatives.

One way to discourage governments from running payments deficits is to oblige them to finance these deficits with some kind of asset they would prefer to keep, yet can afford to part with when necessary. To date, no one has come up with a better solution than that which history has institutionalized over a period of about two thousand years: gold.

The end game of finance capitalism will not be a pretty sight.

In the medium and long run, the US/NATO sanctions are therefore aimed mainly against Europe. And Europeans don’t even seem to see that they are the primary victims of this new U.S. economic war for self-serving energy, food and financial dominance.

A phase change has occurred, a change in consciousness as to how the world is splitting up under U.S. diplomatic attacks on allies and adversaries alike.