The Debt really needs to be dealt with in most cases. Altering constitutions isn’t easy in older nations. The newest nations are the target audience. Obviously, nations with Neoliberal disease won’t take the cure. Ha! That’s a potential title—The Neoliberal Cure.
john perkins in his book 'confessions of an economic hitman' sure described the dynamics of capitalism well, not to mention major roles played by the imf and world bank in all of this..
Have you read Hudson’s major work “Super Imperialism”? I bought it in 1974, and it outlined Neoliberalism as practiced till then via foreign policy, which actually began in the 1920s as Dollar Diplomacy. It’s been going for over 100 years, and for many there was Colonialism prior to that.
thanks karl - i can't or refuse to read books online... cheapest version i can find as a hard copy is 47 bucks canadian.. i'll think about it.. reading glenn diesens book on the ukrainian war and the eurasian world order right now.. cheers..
The creation of the “Federal Reserve “ in 1913 was the beginning of the end. Dollar diplomacy in the 1920’s ended with the great depression , cause and effect? I always thought regulated capitalism worked, but then we were always lied to. Nice article Karl, maybe Xi and Vlad are taking the advice
I just downloaded the third edition of Hudson's book. He figured out in the 1970's the US Empire's strategy to economically control the world. And predicted the decline of America.
"The Trump Revolution" is a section in the substack article by Emmanuel Todd linked below. His new book, still in French I think, is The Defeat of The West. He is an anthropologist and predicted the collapse of the Soviet union and the later rise of Russia. His main themes are the family and religion. Readers here probably are well aware of his analysis. He recently began a substack
"From Russia with love
Talk in Moscow on April 23rd, 2025, for the Russian Academy of Sciences
Agree. We're living through cosmic times. Lots of experiments are going to happen and most will be blunders. Looks like DJT might be thinking those govt contracts the pAypAL mafia 'won' is actually equity. 😉 Do I see a little experiment with nationalism/fascism coming on? Or is this a distraction?
Personally, I'm doing what I can to avoid WSHTF. I'm hoping I have prepared enough. But one never knows.
In the meanwhile, it's summer and there is plenty of food growing in the garden and might as well enjoy while we are speculating and waiting 🐦⬛
USA racing in the opposite direction of your proposal
"Make America Dumb Again: The New Trump Project
Roger Boyd Jun 01, 2025"
I didn't realize how US stole resources from Germany after WWI
"In the late 1800s the US was not the global scientific leader, that was a Germany that was handily winning the Second (Technological/Scientific) Industrial Revolution, with its universities leading the world. Utilizing WW1 to its greatest advantage, on November 4th 1918 (one week before the armistice) the US passed an amendment to the Trading with the Enemy Act which legalized the confiscation and sale of patents taken out by Germans in both the US and Germany. This was a massive boon to US industries, such as the chemical industry, as Germany was a world leader in the development and production of such things as dyestuffs, medicinals, explosives, steel and electrical equipment. US industry simply stole Germany’s intellectual property on a mass scale, a theft without which US industries such as the chemical industry would have had a much harder time developing"
Then there was Operation Paperclip bringing Nazi out of Germany. And the failure of the US education system is also included including a comparison with China. We have seen many excellent moves in education in Russia reported here at the Gym.
The Hyenas & Sharks play musical-chairs every 2-4-8 years while the Comfortably Numb vote Tweedle Dee or Tweedle Dum.
Totally captured - diagnosis critical - nil by mouth.
Uncle Tom US General Langley, AFRICOM, dispatched to Africa to quell the current rebellion of breakaway plantation states led by Captain Traore of Burkina-Faso who paid off his country's WB/IMF Debt, Nationalised Mineral Resources, Free Education, Land Ownership, Public Bank . . . . . . . .
When the French ran the plantation the BF army trained with wooden guns and were up against NATO supplied armed insurgents on their border, next to xyz mineral resource.
Thankfully Russia-China-DPRK have supplied them all the tools, including drones, training, support, eyes-in-the-sky, EW, IFV's, tanks, choppers.
One-by-one their African puppets are being toppled. 4/5 lost, panic stations. Expect an uptick in Jihadi Johns.
North Dakota has the only state-owned non-profit bank in the US. Ellen Brown, founder of the Public Banking Institute(https://publicbankinginstitute.org/ ) has on several occasions written (at Counterpuncg.org) favorably of the North Dakota bank’s successful, people oriented lending. Michael Hudson is a member of the Institute’s Advisory Board.
Building or might it be “ending” a political economy. Trump University one class that was any good was BS, Gaslighting 101. He simply can’t remember that just Wednesday he had a good talk with Vlad while yesterday going on about the destruction of Ukraine, just how can anyone trust him or the USA, rhetorical my friends simply rhetorical. Oh and btw he just claimed that he blew up theNord Stream pipeline, you just can’t make this shit up
I recently compared Trump to Reagan. I saw a very apt political cartoon with Trump wearing a dunce hat sitting on a stool facing the corner he was sitting in while playing with his phone.
And now the Trump Musk feud goes viral. Musk says Trump is in the Epstein Files, Trump says Tesla cars stink, again you just can't make this shit up. This is how the end of the empire is being played out in real time
Thanks for the link, I often read Bertrand on X. He’s definitely worth it. Now whether or not this is all theater or not that this is happening is in of itself quite damning for the empire. Musk even wants Trump impeached so Theil’s boy JD can become prez, how convenient is that? I’ll conclude by saying both Xi/Vlad have to be pissing their pants watching this but both have reached out to the clown, as to keep your enemy close comes to mind
Talking to Team Trump was/is better than no talk with Team Biden, although the improvement is indeed small. Trump called Xi and now says Xi invited him to China. I just now read that and have yet to verify. China anticipated what Trump would do and was prepared. The best comparison is between Russia & China’s well-articulated vision for the world versus that put forth by Trump and his Euro vassals. I suggest reading this thought-piece, https://warwickpowell.substack.com/p/an-asian-rupture
It's along read especially for my brain addled brain, but a good read never the less. The one thing lacking though or maybe I missed it is that amerika
pretty much has no hand to play regardless. Yes it's the double down empire
which is scary by itself, but who knows what the empire will do to stay relevant. Will tptb try every trick in the book, i.e. coup after coup, sabotage, shit I haven't dreamed up? IF I were China I'd already be making peace/security overtures to both Japan/South Korea. Supposedly the new South Korean president is a moderate and is willing to talk to China, how long does he have to establish his footprint before the empire fights back. The one good thing that we know as fact is that both China and Russia are trying thier hardest to prevent the empire from doing anything stupid. with many calling for a full blown recession due to Trumps tariffs and chaos breaking out here in the states can the status quo prevail in that regard or do China/Russia have to give amerika a black eye to show them what they should do instead of continuing down their path to destruction
The western society, governments, law courts and all large institutions have been infiltrated by the evil deep state. (satan worshipping pedos) Russia is in the process of changing things for the better.
That may be true, although I doubt any specifically say the central bank is a publicly owned. I state that because of the very long fight within the USA over a public bank. The lack of a strong central public banking system is what led to the rise of the 19th Century’s populists; the silver/gold argument was obfuscatory. The inability to supply credit to farmers at their most critical times of the year was the primary beef—and 2/3s of the nation were farmers at that time.
You've articulated the issues in a perfectly condensed format, so it deserves to be more widely circulated. Getting a clear set of objectives established buttress the act of liberation from debt bondage. The American Revolution post 1776 was diverted, and instruments that dulled understanding have been the tools of oligarchy to subborn the post revolutionary moment.
Why does the system need a president? The fiscal and social direction could be achieved by parliamentary consensus. (years ago I read that the US constitution included a president because at that historical moment they could not imagine a political system without a ruler).
The Swiss model of citizen initiated referenda deserves a mention in your thesis.
I'm not mother fucking human capital🤮 Talk about neocolonial thinking. No gods. No masters. Nation states are private property writ large and they should not exist. And governments are bad, mmmkay.
thanks karl.. wise words!
do you think a complete breakdown must happen before all this is possible??
The Debt really needs to be dealt with in most cases. Altering constitutions isn’t easy in older nations. The newest nations are the target audience. Obviously, nations with Neoliberal disease won’t take the cure. Ha! That’s a potential title—The Neoliberal Cure.
john perkins in his book 'confessions of an economic hitman' sure described the dynamics of capitalism well, not to mention major roles played by the imf and world bank in all of this..
Have you read Hudson’s major work “Super Imperialism”? I bought it in 1974, and it outlined Neoliberalism as practiced till then via foreign policy, which actually began in the 1920s as Dollar Diplomacy. It’s been going for over 100 years, and for many there was Colonialism prior to that.
i haven't read it, but i would like to read it....
https://archive.org/details/michael-hudson-super-imperialism.-the-economic-strategy-of-american-empire.-third-edition-islet-2021/page/n3/mode/2up
You're so kind to us readers, Karl. 🕊️
thanks karl - i can't or refuse to read books online... cheapest version i can find as a hard copy is 47 bucks canadian.. i'll think about it.. reading glenn diesens book on the ukrainian war and the eurasian world order right now.. cheers..
The creation of the “Federal Reserve “ in 1913 was the beginning of the end. Dollar diplomacy in the 1920’s ended with the great depression , cause and effect? I always thought regulated capitalism worked, but then we were always lied to. Nice article Karl, maybe Xi and Vlad are taking the advice
the creature from jekyll island - on the history of the fed reserve is also a good read.. i read it a long time ago..
I just downloaded the third edition of Hudson's book. He figured out in the 1970's the US Empire's strategy to economically control the world. And predicted the decline of America.
"The Trump Revolution" is a section in the substack article by Emmanuel Todd linked below. His new book, still in French I think, is The Defeat of The West. He is an anthropologist and predicted the collapse of the Soviet union and the later rise of Russia. His main themes are the family and religion. Readers here probably are well aware of his analysis. He recently began a substack
"From Russia with love
Talk in Moscow on April 23rd, 2025, for the Russian Academy of Sciences
Emmanuel Todd Jun 03, 2025"
https://emmanueltodd.substack.com/p/from-russia-with-love
Economics. Cultural strength. Two perspectives on the collapse of the USA and the West.
Todd’s an interesting POV. Like Sachs he’s speaking an alternative POV out loud and has cred.
No reforms will work; the globalists are cultivating disasters such that the hoi polloi will be become more dependent on the government-see WEF.
Sorry, but we are probably fucked for a gen4eration or two.
Agree. We're living through cosmic times. Lots of experiments are going to happen and most will be blunders. Looks like DJT might be thinking those govt contracts the pAypAL mafia 'won' is actually equity. 😉 Do I see a little experiment with nationalism/fascism coming on? Or is this a distraction?
Personally, I'm doing what I can to avoid WSHTF. I'm hoping I have prepared enough. But one never knows.
In the meanwhile, it's summer and there is plenty of food growing in the garden and might as well enjoy while we are speculating and waiting 🐦⬛
USA racing in the opposite direction of your proposal
"Make America Dumb Again: The New Trump Project
Roger Boyd Jun 01, 2025"
I didn't realize how US stole resources from Germany after WWI
"In the late 1800s the US was not the global scientific leader, that was a Germany that was handily winning the Second (Technological/Scientific) Industrial Revolution, with its universities leading the world. Utilizing WW1 to its greatest advantage, on November 4th 1918 (one week before the armistice) the US passed an amendment to the Trading with the Enemy Act which legalized the confiscation and sale of patents taken out by Germans in both the US and Germany. This was a massive boon to US industries, such as the chemical industry, as Germany was a world leader in the development and production of such things as dyestuffs, medicinals, explosives, steel and electrical equipment. US industry simply stole Germany’s intellectual property on a mass scale, a theft without which US industries such as the chemical industry would have had a much harder time developing"
Then there was Operation Paperclip bringing Nazi out of Germany. And the failure of the US education system is also included including a comparison with China. We have seen many excellent moves in education in Russia reported here at the Gym.
Lu Feng mentioned some of that in the interview.
Thanks for this very sensible writing, Karl. I agree.
Shades of Michael Hudson! Good stuff!
The Hyenas & Sharks play musical-chairs every 2-4-8 years while the Comfortably Numb vote Tweedle Dee or Tweedle Dum.
Totally captured - diagnosis critical - nil by mouth.
Uncle Tom US General Langley, AFRICOM, dispatched to Africa to quell the current rebellion of breakaway plantation states led by Captain Traore of Burkina-Faso who paid off his country's WB/IMF Debt, Nationalised Mineral Resources, Free Education, Land Ownership, Public Bank . . . . . . . .
When the French ran the plantation the BF army trained with wooden guns and were up against NATO supplied armed insurgents on their border, next to xyz mineral resource.
Thankfully Russia-China-DPRK have supplied them all the tools, including drones, training, support, eyes-in-the-sky, EW, IFV's, tanks, choppers.
One-by-one their African puppets are being toppled. 4/5 lost, panic stations. Expect an uptick in Jihadi Johns.
North Dakota has the only state-owned non-profit bank in the US. Ellen Brown, founder of the Public Banking Institute(https://publicbankinginstitute.org/ ) has on several occasions written (at Counterpuncg.org) favorably of the North Dakota bank’s successful, people oriented lending. Michael Hudson is a member of the Institute’s Advisory Board.
Building or might it be “ending” a political economy. Trump University one class that was any good was BS, Gaslighting 101. He simply can’t remember that just Wednesday he had a good talk with Vlad while yesterday going on about the destruction of Ukraine, just how can anyone trust him or the USA, rhetorical my friends simply rhetorical. Oh and btw he just claimed that he blew up theNord Stream pipeline, you just can’t make this shit up
I recently compared Trump to Reagan. I saw a very apt political cartoon with Trump wearing a dunce hat sitting on a stool facing the corner he was sitting in while playing with his phone.
And now the Trump Musk feud goes viral. Musk says Trump is in the Epstein Files, Trump says Tesla cars stink, again you just can't make this shit up. This is how the end of the empire is being played out in real time
Lubica suggested this substack posting on the topic, https://arnaudbertrand.substack.com/p/what-if-american-politics-got-the
Thanks for the link, I often read Bertrand on X. He’s definitely worth it. Now whether or not this is all theater or not that this is happening is in of itself quite damning for the empire. Musk even wants Trump impeached so Theil’s boy JD can become prez, how convenient is that? I’ll conclude by saying both Xi/Vlad have to be pissing their pants watching this but both have reached out to the clown, as to keep your enemy close comes to mind
Talking to Team Trump was/is better than no talk with Team Biden, although the improvement is indeed small. Trump called Xi and now says Xi invited him to China. I just now read that and have yet to verify. China anticipated what Trump would do and was prepared. The best comparison is between Russia & China’s well-articulated vision for the world versus that put forth by Trump and his Euro vassals. I suggest reading this thought-piece, https://warwickpowell.substack.com/p/an-asian-rupture
It's along read especially for my brain addled brain, but a good read never the less. The one thing lacking though or maybe I missed it is that amerika
pretty much has no hand to play regardless. Yes it's the double down empire
which is scary by itself, but who knows what the empire will do to stay relevant. Will tptb try every trick in the book, i.e. coup after coup, sabotage, shit I haven't dreamed up? IF I were China I'd already be making peace/security overtures to both Japan/South Korea. Supposedly the new South Korean president is a moderate and is willing to talk to China, how long does he have to establish his footprint before the empire fights back. The one good thing that we know as fact is that both China and Russia are trying thier hardest to prevent the empire from doing anything stupid. with many calling for a full blown recession due to Trumps tariffs and chaos breaking out here in the states can the status quo prevail in that regard or do China/Russia have to give amerika a black eye to show them what they should do instead of continuing down their path to destruction
The western society, governments, law courts and all large institutions have been infiltrated by the evil deep state. (satan worshipping pedos) Russia is in the process of changing things for the better.
IMHO there may be no need to rewrite constitutions, but just to apply them!
That may be true, although I doubt any specifically say the central bank is a publicly owned. I state that because of the very long fight within the USA over a public bank. The lack of a strong central public banking system is what led to the rise of the 19th Century’s populists; the silver/gold argument was obfuscatory. The inability to supply credit to farmers at their most critical times of the year was the primary beef—and 2/3s of the nation were farmers at that time.
You've articulated the issues in a perfectly condensed format, so it deserves to be more widely circulated. Getting a clear set of objectives established buttress the act of liberation from debt bondage. The American Revolution post 1776 was diverted, and instruments that dulled understanding have been the tools of oligarchy to subborn the post revolutionary moment.
Arnaud Bertrand’s piece today seems to be an excellent accompaniment to your post: https://arnaudbertrand.substack.com/p/what-if-american-politics-got-the
Educate. Help wanted. Share.
Just copy China.
China’s not all that easy to copy—national nuances. Russia’s system is closer to what I described.
Why does the system need a president? The fiscal and social direction could be achieved by parliamentary consensus. (years ago I read that the US constitution included a president because at that historical moment they could not imagine a political system without a ruler).
The Swiss model of citizen initiated referenda deserves a mention in your thesis.
sick
I'm not mother fucking human capital🤮 Talk about neocolonial thinking. No gods. No masters. Nation states are private property writ large and they should not exist. And governments are bad, mmmkay.