Thursday, April 14, 2016

Laundering Havens for War Budgets — Sharmini Peries interviews Michael Hudson

“Closing Panama Tax Haven Will Require Fighting the Most Powerful Lobby In the World,” The Real News Network, April 14, 2016.
Economist Michael Hudson says oil and mining industries and the State Department created Panama and Liberia for the express purpose of tax evasion.
Video and transcript.
Laundering Havens for War BudgetsSharmini Peries interviews Michael Hudson, President of The Institute for the Study of Long-Term Economic ll Street Financial Trends (ISLET), a WaAnalyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University


nivekvb said...

Wow, that was packed with lots of info. Money laundering to tax evasion to funding the military-industrial complex, to backing the US dollar with all the criminal money in the world to keep it afloat, etc.

It's needed because US capitalism isn't good enough to support the currency, despite all the propaganda we are fed any the merits of capitalism, and entrepreneurship.

A whole circle of crime and war, with the serpent eating it's tail. That's the Western way. Only the Devil could have invented it.

Tom Hickey said...

Entrepreneurship and investment involve risk. When huge sums are involved and the chance of getting caught or if caught punished is low, the incentive is obvious. Why place risky bets when free money is on the table for the taking.