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Pepe Escobar — US Empire of Debt Headed for Collapse

Summary:
Review of Michael Hudson's latest book, The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point — and its contemporary implications. Embellished with personal interaction with Michael Hudson. Michael Hudson is becoming the go-to economist for reformers.Also of note is the venue. Michael Hudson has been an influencer in China for years. Is Russia next?Unfortunately, most of the people reading Hudson don't seem to be aware of the difference between public and private debt, or of the difference in monetary systems, at least those I have encountered.Sputnik International (Russian state-sponsored media)Pepe Escobar: US Empire of Debt Headed for Collapse

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 Review of Michael Hudson's latest book, The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point — and its contemporary implications. Embellished with personal interaction with Michael Hudson. 

Michael Hudson is becoming the go-to economist for reformers.

Also of note is the venue. Michael Hudson has been an influencer in China for years. Is Russia next?

Unfortunately, most of the people reading Hudson don't seem to be aware of the difference between public and private debt, or of the difference in monetary systems, at least those I have encountered.

Sputnik International (Russian state-sponsored media)
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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