michael-hudson.com

Class Unity

Michael Hudson & Steve Keen, "The Federal Reserve, The Constitution, and the End US Hegemony,"

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Part I, August 14, 2026.

Introduction

Class Unity recently spoke with economists Steve Keen and Michael Hudson about the political and economic crisis surrounding the 250th anniversary of the United States. Their conversation ranges across the constitutional structure and party system of the United States, deindustrialization and financialization, and what they describe as the decline of American imperial power.

How Your Blood, Sweat, and Forty-Three Cents of Every Dollar Feed a Beast That Devours Its Young  

By Milan Adams
Preppgroup  

August 18, 2026

Ludwig von Mises
Economic philosopher and author of Human Action (1949), whose analysis of bureaucratic intervention and market distortion influenced generations of free-market economists:

"The bureaucrat is not only a government employee. He is, by virtue of his position, the representative of the government, the agent of coercion.

Lorenzo Maria Pacini

Ahead of the New Delhi summit to be held in September, let's take stock of the progress of the BRICS+ strategy. 

Ahead of the New Delhi summit to be held in September, let's take stock of the progress of the BRICS+ strategy.

The legacy of Bretton Woods

In July 1944, in New Hampshire, forty-four nations signed the agreements that would govern global finance for the next three decades.

Les cors d'Aoo-ga retentissent

par J. Matson Heininger

Il est temps d'examiner la situation avec sérieux.

Les États-Unis sont au bord d'une crise majeure, inquiétante et lourde de conséquences historiques. Le danger réside non seulement dans une mauvaise compréhension de la situation, mais aussi dans une réduction trop hâtive à la simple notion de récession, de politique ou de turbulences boursières ordinaires.

By George F. Smith  

August 17, 2026

The following speech from a renegade Fed chairman is excerpted from amazon.com

By Andrew Wallace  

August 17, 2026

The Title is an accurate near-term forecast of our situation. Our circumstances are so dire that eating will be problematic, and we won't have the money to return the body bags of 174,400 troops being sacrificed in 80 countries because we could not defend them. Even before an Economic Collapse we could not defend troops in wars or stationed overseas. Our Military is being used as Unconstitutional Mercenaries for the Parasitic Super-Rich Ruling Class (PSRRC) aka Donors.

By Jonathan Newman
Mises.org  

August 17, 2026

Treasury Secretary Scott Bessent recently took to X to celebrate what he called one of the "highlights of the Warsh Fed." His post didn't have anything to do with what kind of monetary policy a Warsh-chaired Fed will do. It was about the humiliation of mainstream financial journalists-which is fine by me, but let me digress on "Fed independence" between mouthfuls of popcorn.

Source: report24.news

Washington, en collaboration avec Tokyo, a soutenu le yen en chute libre - et pour cela, a précisément vendu des euros. Selon le Financial Times, la BCE n'a été informée qu'après la transaction, alors que le Japon, plus grand détenteur étranger de bons du Trésor américain, a de moins en moins de raisons de placer son capital aux États-Unis ou en Europe.

By Doug Casey
International Man  

August 14, 2026

International Man: Markets are supposed to reflect economic reality. But when central banks suppress interest rates, governments debase currencies, and major powers manipulate oil prices for political purposes, can any market still be considered honest?

Doug Casey: Almost all markets are distorted in some way by government intervention.

Interest rates are the price of money itself.

By Charles Hugh Smith
OfTwoMinds.com 

August 14, 2026

While the Everything Bubble has soared to new heights, consumer confidence has fallen to new lows.

For your consideration, four charts that tell a single story: while those Americans who have benefited so immensely from the Everything Bubble in stocks, housing, crypto, bat guano, etc.-every asset under the sun-have spent lavishly on fripperies, the foundations of everyday life for the bottom 90% have rotted away.

publié le 13/08/2026 , série initiée le 01/02/2022 Par Olivier Berruyer

L'Italie vient tout juste de retrouver son niveau de production de début 2008 : dix-huit ans pour revenir au point de départ, sans guerre, sans catastrophe, sans effondrement. L'Espagne, à l'inverse, affiche un PIB à son plus haut historique et la meilleure croissance des grands pays de la zone euro (+2,8 % en 2025) ; le Portugal, sorti de quinze ans de morosité, tient +1,9 %.

What it's really about.  

By JD Breen
Pretium Insights  

August 13, 2026

Two years ago, "conservative" pundits rightly ridiculed the Biden Administration for suggesting inflation was fine while blaming its poor approval ratings on Americans' ignorance of how little they were spending. Now, under the Trump Administration, the same "influencers" mock young people for noticing how much things cost.

Schiff Sovereign  

August 13, 2026

Arguably the most famous man on the planet throughout the 1700s was the famed writer François-Marie Arouet, known to history as Voltaire. He wasn't just a celebrity writer and philosopher, however; Voltaire was also a wealthy capitalist and nobleman who almost single-handedly turned the impoverished region of Ferney into a highly productive watchmaking hub.

Through his fame and creativity, Voltaire managed to attract a small army of Swiss watchmakers to relocate across the border into France and set up shop in Ferney.