Prof. Michael Hudson: US wars on Russia and Iran are pushing the world into a Great Depression

On this episode of New Order, we speak to Michael Hudson, the president of the Institute for the Study of Long-Term Economic Trends. He discusses how the US maintains its affluence after its deindustrialization, how Europe became the first victim of America’s oil wars against Russia and Iran, how countries like India will view the US midterm election results, the coming choice for Global South countries to either help their citizens or pay their foreign debts as prices skyrocket due to the Iran war, Iran’s plan to strike data centers in the GCC States if the war with the US and Israel resumes, how the US took over the British Empire, the creation of alternative payment systems by BRICS countries after the US’ weaponization of dollar trade, the risk of a global depression, and much more.