I have been watching the presentations from the New Economic Thinking's (INET) Paradigm Lost Conference in Berlin.
Here is Michael Hudson's talk on Debt and Restructuring from April 13, 2012
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception