Guns and Butter, for March 14, 2007 - 1:00pm
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"America: Host or Parasite?"
Interview with economist, Dr. Michael Hudson. Dr. Hudson is President of The Institute for the Study of Long-Term Economic Trend, a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of "Super-Imperialism: The Economic Strategy of American Empire". We discuss the US balance of payments trade deficit which creates US credit to finance the US national debt and war abroad; Russian economic shock therapy as the final stage of the cold war; the real estate bubble; permanent war and the inevitable collapse of the current US dominated global economic system. Visit his website at www.michael-hudson.com.