Michael Hudson is an anti-Establishment economist who in a recent interview with Bonnie Faulkner of KPFA’s Guns and Butter radio show said Barack Obama has gone to the right of Michelle Bachmann. Sheila Bair, the former FDIC Chairwoman said Obama broke every promise he ever made to her. There would be no prosecution of even the worst bank fraud. And he said No to making the bankers (even those who committed gross fraud pay for any of their speculative losses. Obama’s solution is to make the workers pay for Wall Street’s crimes by cutting their wages 30% and selling off all of their publicly owned utilities.
A Norwegian politician told Dr Hudson that Obama taught Europeans the lesson that they can no longer depend upon America. The American President has become their worst nightmare. Hudson noted that the European Right has become the opposition to Austerity, Bailouts and Privatization. He does not think the Democrats will move to the Left of the Republicans until the Republicans win the Presidency.
Hudson said the Greek bailout is not designed to work. Its purpose is twofold. One is to give the bankers time to dump their bad bonds and loans. A second is to enforce Austerity, cut wages and allow bankers to buy Greek infrastructure for pennies on the dollar. This will enable the bankers to set up toll booths everywhere charging the highest rates for declining service. The Mexican telephone company was privatized. It made Carlos Slim the wealthiest man in the world. Being a public figure Hudson cannot mention that Carlos Slim is Jewish. Turning America, Europe and the rest of the world into toll booth company towns, will cut real after tax wages through toll booth fees even more than the initial 30% from the planned inflation.
Michael Hudson said the Left-Right class conflict of 19th century politics has been transformed into a war between bankers and the rest of us without respect to our race and economic status. The bankers are stealing everything from everyone. The political system has not adjusted to the new reality. Again as a public figure, Hudson does not mention the obvious fact that Lloyd Blankfein, Jamie Dimon, Ben Bernanke, Mervyn King, the Rothschilds and Blythe Masters are Jewish. Jewish Group Think and ownership both of the media and of Gentile politicians to date has made the Jewish crime network of bankers immune to prosecution.
White Americans now have more in common with starving Africans and Latin Americans than they do with New York and London Jewish bankers. Dr Hudson wrote Super Imperialism in 1972. In it he said it was a deliberate policy of the American oligarchs to make Third World nations dependent on American food exports. This allowed the World Bank and the IMF to turn the economies of these poor nations to a few Jewish and Gentile mega corporations that further impoverish the poor. Please note that almost all of the 50 American states and most of the big cities are facing bankruptcy which
will force them to sell off their roads, parks, utilities, airports and other assets just like the Greeks.
The first step in our resistance will have to be the old World War II slogan ‘Know your enemy.’ We need to understand our common enemy is the banking elite. We need to make new neural pathways and coin new words. We need to accept the fact that we will all die in poverty if we do not successfully resist. We need to learn the background and the language of people the Jewish owned corporate media had told us were our enemies. All of these people have a score to settle with the bankers. You just have to learn their history before you ask them to join the Anti-Banker party.
My long time readers will remember that from time to time I mention the Russian demographer Borisov who proved that between 3 and 7 million Americans died of starvation during the last Great Depression. We could lose a lot more than that in the next one because we have more than doubled our population, we no longer live on farms close to food and this looks like it will be a much more severe Depression.
I want you to understand that their goal is your poverty and even your death. This is serious. Failure to resist the bankers and the evil forces they have unleashed upon the world can and will be fatal.
This is the first in a series of essays on this subject. You can listen to the Hudson interview here. I should mention that Bonnie Faulkner is a famous interviewer. It was her interview with David Ray Griffin that sparked Richard Gage to found Architects and Engineers for 911 Truth. I believe she is an unpaid volunteer.
Click to listen (or download)