Coming Economic Catastrophe “Worse Than the Great Depression”
In the YouTube video (below), Economics Professor Michael Hudson comments on the economic consequences of Trump’s and Israel’s unprovoked war against Iran:
“That’s going to cause such a shortage that it’s going to cause an international depression worse than the 1930s. And the reason why it’s worse than the Great Depression is because that was really a financial depression. But a cutback in energy and the tangible physical flow of goods is part of the production process itself. That cannot be solved by writing down debts. Cannot be solved by saying let’s have a war economy and military Keynesianism to pull us out of the depression. It’s much more serious. So in terms of the world economy it’s all going going to suffer if other countries do not restructure the way in which all of world trade and payments and finance and how countries save their international reserves is all reformed together … “
See full interview HERE: