Michael Hudson is believed by many to be the wisests of the U.S. economists who have not "gone over to the dark side of the force," i.e., the government in Washington. Washington has eradicated journalism in the U.S. as we used to know it, replacing the news with 100% government lies-cum-propaganda. So if you get your news from the "mainstream media", you are likely to believe that Russia attacked Ukraine and is suddenly threatening the western world, whereas the truth is the reverse of that. As Professor Hudson explains, the sanctions imposed upon Russia are (1) undeserved because Russia has attacked no one, (2) gravely damaging the economies of Washington's vassals in Europe, (3) driving Russia to make economic alliances with China, India, Iran, and Turkey and (4) not a problem because the ruble, though devalued against the dollar, is accepted without discount by the countries listed in (3).

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Russia Rejects South Steam Pipeline Through Europe

Hudson Report: Europe effort to join the US in isolating Russia has backfired, it makes no sense build an oil and gas pipeline for Russian exports that would be owned and leased to them by US and Europe - December 14, 14

http://youtu.be/nflZSjiofr8                                                                                           Original Here

Bio                                                                                          .

Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. His two newest books are The Bubble and Beyond and Finance Capitalism and its Discontents. His upcoming book is titled Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy.