iTulip Select Interview: Dr. Michael Hudson - Part IV Available Now

[FRED]

iTulip Interview: Dr. Michael Hudson - Part III Available Now

1. The future will not be "business as usual."
2. The global economy is likely to experience a financial system crash caused by a revelation of fraud or some kind of financial accident.
3. The main source of risk, the derivatives market, is so non-transparent that once there is a break in the chain of payments no one knows how it will wind up until after the dust settles.
4. As finance now dominates the economy, this crash will have serious economic and political consequences.
5. Political leaders who are expecting it may exploit the resulting turmoil. Unfortunately, the bad guys tend to plan better than the good guys, who tend to react ad hoc.
6. Russia and China are developing a competing economic and political block which will play a significant role in the future global economy and polity.