Six Minutes with the Renegade Economist - Michael Hudson Special...

@dilbertgeg

federal Reserve system sucks with their fractional reserve banking

correct better known as fractional reserve banking, but I am sure you knew that:) legalized counterfeiting

A bailout for J6P

soon the host(economy) will be dead.

Why is this video at only 51k watches when it should be in the millions.

That is some refreshing economic thought, laden with common sense and truth.

Thanks

I wonder how many of the financial industry models are agenda driven? In other words how often do people in the industry just say, find us a model that shows this.... And of course, you can always tweak parameters or the equations themselves to get certain results. Another example are those self fulfilling prophecy climate models showing the so called imminent disaster.

so painful to watch, i almost couldn't finish the video. just to think the suffering ppl go through because of this system

"So the idiots who borrowed more than they can afford are rewarded.."

You mean the people who were SCAMMED when as story after story has documented, they were LIED to about the conditions of their loans, whether, and when they could refinance, and 100 other lies and scams and fraud, as former employees of these firms have now admitted in public that they were pressured to do. Market principles say those who made loan should BEAR the risk of loss..especially if they lied.

I agree.. wipe out their debt.. but make them lose their assets... make them go back to renting, etc.

Oh look - we already have that - it's called bankrupcy.