MUST-WATCH FOR ANY AMERICAN WHO DOESN'T UNDERSTAND WHAT OBAMA AND THE CONGRESS ARE PLANNING TO CARRY OFF ON BEHALF OF THE BIG BANKS UNDER THE RUSE OF "AVOIDING DEFAULT ON THE NATIONAL DEBT." WILL AMERICANS STAND UP LIKE THE GREEKS ...OR LIE DOWN LIKE SHEEP?

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  theREALnews

Greece--a Dress Rehearsal for United States

Michael Hudson: Cuts to Social Security and Medicare and privatization at the state level mirror strategy imposed on Greece

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Bio

Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), 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 (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971). ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East. Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law.