{"podcast":{"title":"Geopolitical Economy Report","slug":"geopolitical-economy-report-5434689","podcast_index_feed_id":5434689,"rss_url":"https://feeds.soundcloud.com/users/soundcloud:users:321045635/sounds.rss","website_url":"https://GeopoliticalEconomy.com","image_url":"https://i1.sndcdn.com/avatars-thxDIECcbNVGOXjL-MoyHWw-original.jpg","author":"Ben Norton","episode_count":500,"summary":"Geopolitical Economy Report is an independent new…","last_synced_at":"2026-06-14T12:20:04.660341+00:00","page_url":"https://stenobird.com/podcast/geopolitical-economy-report-5434689"},"episode":{"title":"US economy is based on Ponzi scheme that could collapse, warns economist Michael Hudson","slug":"us-economy-is-based-on-ponzi-scheme-that-could-collapse-warns-economist-michael-hudson","published_at":"2026-04-21T13:52:07+00:00","page_url":"https://stenobird.com/podcast/geopolitical-economy-report-5434689/us-economy-is-based-on-ponzi-scheme-that-could-collapse-warns-economist-michael-hudson","show_page_url":"https://stenobird.com/podcast/geopolitical-economy-report-5434689","url":"https://soundcloud.com/geopoliticaleconomy/us-economy-ponzi-scheme-michael-hudson","audio_url":"https://feeds.soundcloud.com/stream/2306605157-geopoliticaleconomy-us-economy-ponzi-scheme-michael-hudson.mp3","summary":"There are growing signs that the United States may be on the verge of another major financial crisis, one that could start in the $3 trillion private credit market, which is already seeing significant turmoil, before spreading to other sectors. Geopolitical Economy Report editor Ben Norton interviewed economist Michael Hudson to discuss the serious problems on Wall Street. Hudson warned that the US economy is built on a Ponzi scheme that depends on continuing to pour money into a bloated, bubbly financial system based on unsustainable speculation, not industrial production. VIDEO: https://www.youtube.com/watch?v=Blv49u3Q230 Check out our related short video about the private credit crisis on Wall Street: https://www.youtube.com/watch?v=S1cx9Zk6WZk Topics 0:00 Introduction 1:37 Highlights of Michael Hudson 3:29 Interview starts 4:18 2008 financial crisis 5:04 Zero interest-rate policy (ZIRP) 7:31 Private equity 9:17 Lack of investment 10:34 Wealth inequality 12:08 Debt defaults 14:10 Depression fears 16:12 US govt supports Wall Street 19:07 Ponzi schemes 23:51 US economic problems 27:35 Iran war impact 30:16 Financialization of economy 33:46 Outro","meta_description":"There are growing signs that the United States may be on the verge of another major financial crisis, one that could start in the $3 trillion private cred…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2048,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/geopolitical-economy-report-5434689/episodes/us-economy-is-based-on-ponzi-scheme-that-could-collapse-warns-economist-michael-hudson/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/geopolitical-economy-report-5434689/us-economy-is-based-on-ponzi-scheme-that-could-collapse-warns-economist-michael-hudson.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}