Shoveling money to the banks not meant to create jobs, it’s a way to give banks even more speculative capital and prepare them for another meltdown
HUDSON: QE3 was basically a program for the Federal Reserve to give money to the banks until Beethoven writes his 10th Symphony. There is no connection to employment whatsoever.
We discuss debt piles and thin dimes. They also discuss Christine Lagarde begging for money outside Penn Station while insider trading bankers ‘charitably’ talk to beggars at Grand Central. In the second half of the show Max talks to economist Michael Hudson about the austerity, debt and fraudulent conveyance.
Interview with Dr. Michael Hudson. Hudson maintains that President Obama’s second-term plan is to shrink US wages by 30% because his Chicago-school casino capitalist backers demand it. The Chicago School is the economic model the U.S. exports globally and it is a business model of cheating and free lunches. Today’s global inflation in commodities is a direct consequence of this global financial war by the Chicago School of economics against the workers, savers and producers of the world.
We interview Michael Hudson!
Stacy Summary: Max talks to Michael Hudson about debt, deficits, austerity, Greece and more.
HERE IS THE LAST MINUTE CLIP W/ AUDIO:
Stacy Summary: In this episode, we look at the scandals of financial wiseguys that ‘know nothing,’ including famed ‘value investor,’ Warren Buffett who says he knows nothing about his investments and nothing about how ratings contributed to the housing bubble. In the second half of the show, Max interviews economist Michael Hudson about the Latvian economy and real liberal economics.
Stacy Summary: Zero Hedge on Michael Hudson
- Looming European Debt Wars? (ZeroHedge)
Stacy Summary: Airdate 02 April 2010. Guest is Michael Hudson and we discuss Obamacare, the meaning of ‘socialism,’ Greece, Ireland and more.