Home / Quotes / Quote by Michael Hudson

Quote by Michael Hudson

“What's bad for the frackers usually is good for the rest of the world.”

Quote by Michael Hudson

Author

Michael Hudson is a renowned economist, born in 1939. He has conducted extensive research in the field of economics, particularly in finance, real estate, and debt. Professor Hudson has held teaching positions at several prestigious universities and has authored numerous publications on economic theory and policy. more

You May Also Like

“Almost all of the demand for oil that suddenly pushed prices up was speculative demand. People began to speculate not only in stocks and bonds and real estate, but also in commodities. The market went up for old tankers, which were used simply to store oil in. A lot of the oil was simply being stored for trading, not used.”

People Real Used Demand Oil Stores Estates Commodity Trading

Author:Michael Hudson

“I don't think that governments should permit speculation in raw materials, because they're what the economy basically needs.”

Thinking Needs Should Government Economy Materials Permit Speculation Raw Materials

Author:Michael Hudson

“The effect of metals speculation was to push up the prices that China had to pay to countries like Australia. This squeezed China. Once the speculative demand ended, all of a sudden the added production facilities that had been brought into production by the high prices went out of production again, and there was a glut.”

Country Pay Effects Demand Productions China Australia Metals Speculation Facility High Prices Push Ups

Author:Michael Hudson

“There are so many currency exchange rate problems that people are buying gold as a safe haven. Right now, gold looks like a safe haven if international exchange rates break down.”

People Ifs Looks Problem Break Havens Right Now Safe Gold Rate International Buying Currency Breaking Down Safe Haven Buying Gold

Author:Michael Hudson

“The United States is pushing as policy division of the world into rival currency camps - the dollar area on the one hand, and the Russia-Chinese-Shanghai Cooperation Organization group on the other, especially now that the IMF has changed its rules. People think that if there are rival currency groupings and national currencies are going bust, we might as well use gold as a safe haven.”

“Look at Ukraine. Its currency, the hernia, is plunging. The euro is really in a problem. Greece is problematic as to whether it can pay the IMF, which is threatening not to be part of the troika with the European Central Bank and the European Union making more loans to enable Greece to pay the bondholders and the banks. Britain is having a referendum as to whether to withdraw from the European Union, and it looks more and more like it may do so. So the world's politics are in turmoil.”

World Looks May Problem Pay Unions Britain Currency Threatening Loan Greece Ukraine European Union Turmoil Euro Central Banks Referendums Imf Hernias

Author:Michael Hudson

“The world's politics are in turmoil, not to mention the Mideast, where the US has mounted attacks from Libya to Iraq to Syria, and ISIS is attacking governments in today's pipeline rivalry.”

World Government Today Iraq Syria Attacking Isis Turmoil Rivalry Libya Pipeline

Author:Michael Hudson

“The natural geopolitical arrangement is for Europe to be part of Eurasia, especially for Germany to develop trade and investment relationships with Russia.”

Natural Europe Trade Investment Russia Germany Arrangements Geopolitical

Author:Michael Hudson

“US opposition to Russia and China has entailed sanctions against Russia, and Russia in turn has made counter-sanctions against Europe. So Europe is essentially sacrificing its opportunities for trade and investment in order to remain part of NATO. It is also agreeing to bomb Syria and the Near East, creating a wave of refugees that it doesn't know what to do with.”

Knows Made Order Turns Opportunity Sacrifice Creating Europe Trade Investment Wave China East Russia Bombs Opposition Syria Refugee Sanctions Nato

Author:Michael Hudson

“It's amazing that Europe says, "What are we going to do with these refugees?" It's as if it doesn't realize that being part of NATO and bombing these countries forces them to choose to live by fleeing, or to stay and get bombed.”

Ifs Country Force Realizing Europe Live By Refugee Bombing Nato Fleeing

Author:Michael Hudson