Michael Hudson: Trump’s Economy Is a $50 Trillion Ponzi Scheme About to Collapse | GEH Radhika Desai

Michael Hudson and Radhika Desai examine the gap between Trump’s promised economic boom and the reality of an economy sustained by asset bubbles rather than production. They show that the stock market’s rise reflects cheap credit, buybacks, and speculation rather than profit, a Ponzi-scheme dynamic that cannot survive the oil shock triggered by Trump’s war… Continue reading