QE 2: FED Bails Out Banks Again 2 of 2

Amy Goodman, Democracy Now, interviews former Wall Street economist and University of Missouri professor Michael Hudson. "The object of warfare is to take over a country's land, raw materials and assets, and grab them," Hudson says. "In the past, that used to be done militarily by invading them. But today you can do it financially simply by creating credit, which is what the Federal Reserve has done."

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News & Politics

Tags:

• Quantitative Easing 2
• Federal Reserve
• Wall Street Banks
• Toxic Assets
• Democracy Now