Geopolitical Economy Report

Economists Radhika Desai and Michael Hudson discuss the US banking crisis in this episode of their program Geopolitical Economy Hour. VIDEO: https://youtube.com/watch?v=y1je89h1eIg Check out other episodes of Geopolitical Economy Hour here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP

China's President Xi Jinping traveled to Russia to meet Vladimir Putin, where they pledged "changes the likes of which we haven’t seen for 100 years", agreeing to deepen economic integration and challenge the hegemony of the US dollar by promoting the use of the yuan and other currencies in international trade. VIDEO: https://youtube.com/watch?v=OddmSjjLgLY BRICS challenges US ‘dollar dominance’, Saudi considers selling oil in other currencies: https://geopoliticaleconomy.com/2023/01/21/brics-us-dollar-saudi-oil-currency-multipolar/ Geopolitical game changer: China’s Iran-Saudi peace deal is big blow to petrodollar and US economic hegemony: https://geopoliticaleconomy.com/2023/03/17/china-iran-saudi-peace-petrodollar Ukraine’s Zelensky admits he sabotaged Minsk peace deal with Russia, West blocked negotiations: https://geopoliticaleconomy.com/2023/02/10/ukraine-zelensky-minsk-peace-russia

The US Federal Reserve printed $300 billion in one week to save collapsing banks and bail out wealthy Silicon Valley oligarchs. 93% of Silicon Valley Bank's deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB's loans went to venture capitalist and private equity firms. Sources and more information here: https://geopoliticaleconomy.com/2023/03/19/fed-bailout-silicon-valley-banks VIDEO: https://youtube.com/watch?v=jyrj7gZwg3U US Federal Reserve says its goal is ‘to get wages down’: https://geopoliticaleconomy.com/2022/05/24/us-federal-reserve-wages-inflation

Honduras' leftist President Xiomara Castro announced her government will recognize China. Now only 12 UN member states have formal diplomatic relations with Taiwan separatists. They have a combined population of less than 39 million, or 0.49% of the planet. VIDEO: https://youtube.com/watch?v=KklV9438o1w Sources and more information here: https://geopoliticaleconomy.com/2023/03/16/taiwan-honduras-china-12-countries US military plans for war on China, backing Taiwan separatists: https://youtube.com/watch?v=ODbrpimBgKo US-backed coup regimes trapped Honduras in unpayable odious debt, warns new President Xiomara Castro: https://geopoliticaleconomy.com/2022/01/31/coup-honduras-unpayable-odious-debt

Economist Michael Hudson analyzes the collapse of Silicon Valley Bank, Silvergate, and Signature Bank, explaining the similarities to the 2008 financial crash. He also addresses the US government bailout (which it isn't calling a bailout), the role of the Federal Reserve and Treasury, the factor of cryptocurrency, and the danger of derivatives. TRANSCRIPT: https://geopoliticaleconomy.com/2023/03/14/us-banks-collapsed-economist-michael-hudson VIDEO: https://youtube.com/watch?v=uvm9qrXhqf8 Check out the playlist for the show that Michael Hudson co-hosts here, Geopolitical Economy Hour: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP Michael's column "Why the US banking system is breaking up": https://geopoliticaleconomy.com/2023/03/12/michael-hudson-why-the-us-banking-system-is-breaking-up Michael's other article "Why the US bank crisis is not over": https://geopoliticaleconomy.com/2023/03/13/michael-hudson-us-bank-crisis

China sponsored peace talks that led Saudi Arabia and Iran to normalize diplomatic relations, in a big blow to the petrodollar. Both countries are major oil producers that have applied to join BRICS and are discussing selling energy in other currencies. VIDEO: https://youtube.com/watch?v=DyAFerEouN0 BRICS challenges US ‘dollar dominance’, Saudi considers selling oil in other currencies: New multipolar economic order: https://geopoliticaleconomy.com/2023/01/21/brics-us-dollar-saudi-oil-currency-multipolar

Economists Radhika Desai and Michael Hudson discuss the consequences of the dollar system after de-linking from gold, including dollar hegemony, quantitative easing, and the euro. They also explore the impacts of Volcker, Reaganomics, and financialization on the US economy, as well as the effects of deindustrialization and leveraged buyouts. Additionally, they discuss the shift to finance capitalism, the 2008 crisis, and the role of the dollar system in it.

Historian Aaron Good explains US President John F. Kennedy's policies on the wars on Vietnam and Laos, and JFK's conflict with the generals in the Pentagon's Joint Chiefs of Staff. VIDEO: https://youtube.com/watch?v=vkslqu9_q0w This is from the Empire and the Deep State series that Geopolitical Economy Report editor Ben Norton is co-hosting with Aaron Good and Seamus McGuinness of the American Exception podcast. This is part 2 of our historical analysis of the JFK administration. (This episode was recorded in November 2022.) PLAYLIST with past episodes in the series here: https://youtube.com/playlist?list=PLDAi0NdlN8hNArLl765PXe8tsTKmOciGL

President Xi Jinping denounced the US-led Western attempt to "contain, encircle, and suppress China". Foreign Minister Qin Gang condemned Washington's "hysterical neo-McCarthyism" and "malicious confrontation", opposing the "cold war mentality". VIDEO: https://youtube.com/watch?v=4laXMaMhbPo Sources and more information here: https://geopoliticaleconomy.com/2023/03/07/xi-us-containment-encirclement-china US ambassador arrogantly lectures China ‘threat’: ‘We’re the leader in this region (Asia)’!: https://geopoliticaleconomy.com/2023/03/04/us-ambassador-china-leader-region US admits weather pushed Chinese balloon off course, US shot down hobbyists’ $12 balloon in $2M missile attack: https://geopoliticaleconomy.com/2023/02/18/us-weather-chinese-balloon-hobbyist

In an interview with the Chamber of Commerce, US Ambassador Nicholas Burns referred to China as a “threat”, “great challenge”, and “very difficult government”, stating arrogantly, “The United States is staying in this region. We’re the leader in this [Indo-Pacific] region”. VIDEO: https://youtube.com/watch?v=BEqmQkKlcjo Sources and more information here: https://geopoliticaleconomy.com/2023/03/04/us-ambassador-china-leader-region US admits weather pushed Chinese balloon off course, US shot down hobbyists’ $12 balloon in $2M missile attack: https://geopoliticaleconomy.com/2023/02/18/us-weather-chinese-balloon-hobbyist China report excoriates ‘US hegemony’, war crimes, CIA coups, 400 foreign interventions: https://geopoliticaleconomy.com/2023/02/22/china-report-us-hegemony-wars-coups-intervention