Thanks Dante! http://en.wikipedia.org/wiki/Trickle_up_effect "The trickle up effect argues itself as more effective than the trickle down effect because people...
Dear Arno, I agree that the documentary was the best-made of the 3 I¹ve been in this year. Erik picked up my points about Mesopotamian debt cancellations at ...
Dear Michael, I should perhaps forward our comments to the producer.... Yes, visually I think the docu is superb. I too find this "Schumpeterian" determinism...
Dear Arno, Upon reflection, I don¹t like the basic sense of proportion of ³Blowing Bubbles² film. The problem is Carlotta¹s vulgar materialism. Based on...
The reasoning seems excellent. It explains what I have long suspected. The natural tendency in a society is for the rich to get richer and the poor to get...
Dear Michael, Yes, the docu could really have made hell turn loose if they had scrutinised the policy of the worlds largest SWF (sovereign wealth fund), but I...
Dear Michael, ... there is a financial sector and that 99% of money is spent on financial instruments (bonds, mortgages, packaged bank loans, stocks, and now...
Thank you Robert! The title of your new book certainly sounds promising! btw. Have you read the book 'Satan and Marx' by Wurmbrand? Some really utterly crazy...
There is an Alternative to Neoliberal Monetary Austerity FYI. Arno ... Subject: Michael Hudson: There is an Alternative to Neoliberal Monetary Austerity Date: ...
Dear Richard, Sorry for my late response. This ESM treaty looks like a nightmarish joke. A scary REAL tyranny like no other seen before. So, I took a look at...
The treaty text: http://en.wikisource.org/wiki/Treaty_Establishing_the_European_Stability_Mechanism_%282012%29#ARTICLE_27_Annual_accounts Arno On 11.03.2012...
The first point to cross my mind was from where do the members get the 80bn euros they have to subscribe? Do all the member governments have more than that...
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Dirk Bezemer
d.j.bezemer@...
Mar 13, 2012 11:25 am
book report I read David Graeber's 'Debt: the first 5,000 years'. Parts of it build on Michael's Mesopotamian work and his debt imperialism book (they know ...
Thanks, Dirk. David doesn¹t discuss interest much (fortunately, because Mauss and other anthropologists don¹t deal with the ancient Near East). Credit...
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Dirk Bezemer
d.j.bezemer@...
Mar 13, 2012 12:41 pm
You mean UNfortunately? I noted also he rejects your 'livestock' interpretation of the origin interest that you've advocated (interest in kids, so to say) and...
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AMI
ami@...
Mar 18, 2012 4:32 pm
* Dear Friends of the American Monetary Institute,* *Still more great news on Kucinich's HR 2990 *(the National Emergency Employment Defense (NEED) Act): * The...
Dear Geoffrey, et al., How can the default swaps be so little? Does this mean there were only $3.2 billion of the 177 euro bonds insured? How can that be...
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D.J.Bezemer
d.j.bezemer@...
Mar 19, 2012 7:15 pm
hi Michael, It's gross-net thing. the NYT times explained: In the event, the swaps were triggered only on relatively small pool of bonds with a small net...
This isn¹t an answer at all, Dirk. The explanation is what confused me. Who are the PAYERS? Of course there¹s little net  it¹s the gross payments by ONE...
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Dirk Bezemer
d.j.bezemer@...
Mar 20, 2012 10:56 am
Michael, my understanding is that since the CDS exposure is largely collateralised, actual payments are small relative to CDS amounts outstanding. E.g. German...
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AMI
ami@...
Mar 30, 2012 8:02 pm
*Dear Friends of the American Monetary Institute,* Some good news! Paul Solman, long time economics editor on PBS's News Hour, with Jim Lehrer, on television,...
Just as the BRICS meeting in India denounces the flood of foreign credit to destabilize their economies! Hopeless! Michael ... Re: [gang8] Norway wealth fund...
There are many ways to skin this particular cat! One way is to take Krugman step-by-step through the principles of double-entry book-keeping as applied to...
Dear Arno, In MY theory, the reason for non-competitive labor is that 75% of its budget is financialized. There is no way in which an economy with such a high...
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AMI
ami@...
Apr 8, 2012 8:18 pm
*Dear Friends of the American Monetary Institute, Are you in the Boston area on April 15th? Meet Stephen Zarlenga and better understand why our money system...
