situation let's bring in michael hudson and ask he's professor of economics at the university of missouri kansas city and author of super imperialism the origin and fundamentals of u.s. world dominance and dr hudson thank you for being on the show it's always a pleasure to talk to you. ok so let's get straight to there's lots of headlines coming out about the i.m.f. japan is pledging sixty billion dollars to help the i.m.f. expand its resources we know they're trying to get four hundred billion dollars in new money this week lagarde is old or urging nations to follow japan's lead dr hudson how does this do anything if the giant debt overhang is still there in europe sucking capital in the other direction into that bank or black hole because the debt is so big and everything is going towards debt repayment servicing the debt instead of building economies. oh remember back in two thousand and eight the i.m.f. lost almost all of its customers except one turkey out paid just about the last customer of its president arrogant and said out get out never come back but save the i.m.f. from just being folded u

kansas city, missouri. he earned his bachelor's degree in political science from the university of kansas. we don't hold that against him. he got his law degree from the thurgood marshall school of law, texas southern university. when he graduated, he became the attorney advisor for the litigation branch of the federal bureau of prisons in the department of justice here in washington and judge wimes represented the bureau in civil actions by inmates throughout the country. in 1995 he left the bureau and became an assistant prosecuting attorney for the jackson county prosecutor's office in kansas city. beginning in 2001, judge wimes served as the jack son jackson y drug court administrator for more than five years. the drug courts in our state and other places have served a good and ingtsand integral role in cg drug use. it allows nonviolent, first-time offenders to participate in an outpatient program rather than face prosecution and more than 1,200 people have graduated from the jackson county drug court. more than 96% of those people were conviction-free after five years from their gradu