Michael Hudson: Oligarchs Will Never Cancel Debts We Owe Them

[marmar]

Michael Hudson: Oligarchs Will Never Cancel Debts We Owe Them

Michael Hudson sent this short video which explains the history of debt jubilees and the role of private debt in the rise of oligarchies. This is a useful piece in and of itself and as a tool for persuading friends and colleagues who may be ambivalent about debt restructurings.


http://truth-out.org/news/item/20461-michael-hudson-oligarchs-will-never-cancel-debts-we-owe-them

[PassingFair]

1. Michael Hudson. I LOVE that guy.

He can really spell it out for you.

Clear, honest insight.

[dixiegrrrrl]

6. His book "The Monster" is very readable

I had a hard time putting it down, esp. considering it is a book on the economy and the banksters.

[mountain grammy]

2. A bunch of white men in suits sitting at a long table with a microphone in front of them.

A sure sign the rest of us are screwed....

[Octafish]

3. And when they owe money to each other, they get the taxpayers to bail them out.

AIG got at least $183 billion. Tim Geithner got them that was owed 100-cents on the dollar.

Detroit owes at most $18 billion. Jacob Lew is nowhere to be found.

[Heather MC]

4. Yep!

It is scarier than a zombie attack

[awoke_in_2003]

8. That statement would make me chuckle...

if it weren't so damn true.

[abelenkpe]

5. K&R

[Laelth]

7. We need a global jubilee. n/t

-Laelth