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Background Briefing with Ian Masters

October 28, 2025 - Michael Hudson | Kent Harrington

Background Briefing with Ian Masters

Ian Masters

News

4.7622 Ratings

🗓️ 28 October 2025

⏱️ 63 minutes

🧾️ Download transcript

Summary

Reality Versus Fiction in Trump's Asia Tour of Japan Then on to South Korea To Meet Xi | An assessment of Trump's Claim of a "New Golden Age of the U.S. Japan Alliance" backgroundbriefing.org/donate x.com/ianmastersmedia bsky.app/profile/ianmastersmedia.bsky.social facebook.com/ianmastersmedia

Transcript

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0:00.0

Hello and welcome to Background Briefing, available 24-7 at Background Briefing.org.

0:18.1

I'm Ian Masters, and today we'll examine a number of stories and issues in the

0:21.8

news. We'll begin with Trump's Asian Summit tour, which has him now in Japan and heading to

0:28.2

South Korea tomorrow, where he will meet with China-Shijingping on Thursday. We'll discuss the

0:34.4

reality versus the fiction. Our reality TV star president is spinning in Japan,

0:40.4

claiming $550 billion in Japanese investment is heading for America,

0:46.4

which is the 10th of Japan's GDP, that will be overseen by a fund Trump will control.

0:52.8

We'll discuss what Trump calls a, quote, new golden age of

0:56.8

US-Japan alliance, and the likelihood Trump will come away empty-handed from his meeting with

1:03.1

Xi to restore exports to China of soybeans from American farmers, hurt by Trump's tariff chaos.

1:11.4

Joining us is Michael Hudson, Professor of the Institute for the Study of Long-Term Economic Trends,

1:16.7

a Wall Street financial analyst, and distinguished research professor of economics at the University

1:21.6

of Missouri, Kansas City, and a number of universities in China.

1:26.0

He's the author of many books, including America's Protectionist Takeoff.

1:29.7

Jay is for Junk Economics, an A to Z guide to the Economics of Reality and Fiction.

1:35.5

And his latest book is The Destiny of Civilization,

1:39.1

and we will discuss his article at Counterpunch, Trump's Dest destruction of the U.S. economy.

1:45.2

Then we'll examine further Trump's meeting with Japan's new hard-right prime minister

1:50.1

and prospects for a deal with China and speak with Kent Harrington,

1:55.6

a former senior CIA analyst who served as National Intelligence Officer for East Asia and chief of station in Asia.

2:03.9

He is the author of several novels and his commentary and analysis on global events

2:09.4

has appeared in the Washington Post, The Los Angeles Times, Asian Wall Street Journal,

...

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