Michael Hudson has just REGULATED!!! Stunningly cogent analysis of this clusterfuck. The man doesn't mince words. Time to donate to TRNN. Please have MH on as often as possible TRNN.
We can all share the message, keep pushing the issue and ask questions. Make people think. We who know the truth have an ethical and moral obligation to help those who are yet asleep, blinded of the truth, to be brought to the light! Don't just hope, do something! Share this stuff, speak to your friends about this issues, do not simply sit there and wait for others to search for the truth, for it is well hidden! We must do our best to spread the truth!
Labor/ production, consumption, goods and services in the economy. American worker's wages have never recovered since the 1970's. 40 plus years of Neoliberalism. From reagan to Obama's and Trump's gig economy.
Thanks Michael and Paul, Great interview. Lets all start by identifying the root of are problems. In this case the government, banking and corporate elites class warfare. Then make any and all moves you can to defend yourself. May I suggest starting by not feeding the monsters! That means cut any way or thing that you can to reduce your taxes. Things like stopping smoking cigarettes. Then move on to banking fees. If your underwater on your home mortgage, just completely default on it.
It's great to see MH on TRN. And i had a feeling that what was happening. Not because i understand economic ,because i hardly do, but because i think i understand their mindset... Thank you.
@SmellyJunkie In Argentina's 2001 economic crisis, people's bank accounts were frozen to prevent just that, while the currency was devalued. The big banks, like Citibank, on the other hand, received advance warning from the government that the currency was about to drop, so they quickly pulled out huge amounts of money from the country.
Low wages and lack of spending power is a large driving force in the down turn of the economy. COnsumers simply cannot buy everything that is produced anymore so the economy starts shutting down. Factories cut back or close, warehouses fill up with stuff people no longer have money to buy.
How can we find blame in any group or person when all along we didn't stop it? It's not like this hasn't happened before. Voting for your predator is totally insane.
If Mike doesn't know how it works no one does. Empire is the game. Money it's essence although it may reside in the city of London this century and my city another that doesn't matter. We had our time in the sun but now the sun is setting and will shine bright for the financial parasite in another part of the world. Don't forget to vote.
@TeslaGenius2 I agree with you to some degree but even now gold and silver are over priced. Take a look at the cost to mine an ounch of either and you will find your paying to much now and it will crash also. So what do we do? You have to eat and drink. We need shelter and energy invest in that.
the economy is already impoverished. A depression is unavoidable. One way is hyperinflation. One way is prolonged stagnation before deflation. You must pick one path. You are on one of those paths. At least this time around some people may clue in and refuse to play ball, instead going independent of corporate influence and buying and really hit Reset and hit it hard. The status quo including stimulus is a failure and dangerous to any future personal earnings. Ever.
@EasternGateGuardian That's because we are repeaters and we forget rather quickly how the system really works. We must burn this time in our minds and after it shakes out never let it happen again.
@SmellyJunkie It's not really our money it belongs to the Federal Reserve (bankers) they can cancel it anytime they want. Then they can start over with another form of paper.
Bring on a depression? I've always said the corporate interests will one day bite their own hand because if the wage earners don't have the cash, they won't buy the products. It's pretty simple.
the only thing hes skipping is the short term interest of ceos...more short term profits = higher bonuses.... Once you have your bonus, it doesnt matter if your company goes down under...the corporate bonus stucture is the smart parasite here. Imo of course :)
@elgringorumbero I'm with you, and we need strategies. The struggle isn't so much military as financial. There needs to be an alternative currency that circumvents the debt-based monetary system. Somehow producers, distributors, retailers, and labor need to develop trade outside the dollar and other fiat urrencies. That's one way to cripple bank power.
@dragonsjaws yes, there is plenty of blame to go around. but when it's time for the accountability to go around, there won't be much of it passed on to the banks and financial fraudsters and that is pretty much the focal point of the outrage many people are feeling. an entire class of criminals has bought their way out of facing the consequences of their actions, leaving the majority of us behind.
@mensrightsTV Exactly. Most controversial videos will eventuelly disappear on youtube for some reason.. I already have a lot of holes in my favorites list over the last two years..
I feel like Spike Lee's character in Do The Right Thing. I just want to throw a trashcan through a window and bring on the Depression! This fake recovery is bullshit. The crooks have been pardoned without being prosecuted, and we've even refinanced and re-empowered them! 30yrs of misrule need to be addressed. A short sharp shock would be better than 30 more years of being bled dry.
@iamalittlespy so your argument is : well, since obama likes debt so much, why did he approve a policy that would add to the debt? I dont get your question.
@CosmosPrivateer Have a look at the series, please. Go onto Dailymotion, type 'LisaFalour,' and then ACCOUNTING 101. This series will blow some minds if anyone listens. Carey is still at it, I bet.
@topthickproducer "Wildfire sadness brings wildflower gladness" ~~cc There has been a whole lot of lying going on. Bring on judgment day! See who survives. Sad, but disease has infected the collective consciousness of man.
@orsonwagon Then you must have read Empire of Illusion. Hope Chris made bail after his arrest the other day. 2 other great Americans arrested that day also and many others. Great Book
@MerrillMedia you need to read more history start with anything written by Anthony C Sutton it is factual excellent historical work using the gov'ts own records
No one explains things so clearly and so calmly. As always, Thank you Dr. Michael Hudson!
And ever so true today
Michael Hudson has just REGULATED!!! Stunningly cogent analysis of this clusterfuck. The man doesn't mince words. Time to donate to TRNN. Please have MH on as often as possible TRNN.
We can all share the message, keep pushing the issue and ask questions. Make people think. We who know the truth have an ethical and moral obligation to help those who are yet asleep, blinded of the truth, to be brought to the light! Don't just hope, do something! Share this stuff, speak to your friends about this issues, do not simply sit there and wait for others to search for the truth, for it is well hidden! We must do our best to spread the truth!
Labor/ production, consumption, goods and services in the economy. American worker's wages have never recovered since the 1970's. 40 plus years of Neoliberalism. From reagan to Obama's and Trump's gig economy.
Thanks Michael and Paul, Great interview. Lets all start by identifying the root of are problems. In this case the government, banking and corporate elites class warfare. Then make any and all moves you can to defend yourself. May I suggest starting by not feeding the monsters! That means cut any way or thing that you can to reduce your taxes. Things like stopping smoking cigarettes. Then move on to banking fees. If your underwater on your home mortgage, just completely default on it.
Waiting to hear this on mainstream news.... don't hold your breath
It's great to see MH on TRN.
And i had a feeling that what was happening. Not because i understand economic ,because i hardly do, but because i think i understand their mindset...
Thank you.
Wow this was a powerful interview. Michael Hudson was clear and precise in explaining the current situation we are in. a video well work watching!
Once again TRNN, great interview.
@SmellyJunkie In Argentina's 2001 economic crisis, people's bank accounts were frozen to prevent just that, while the currency was devalued. The big banks, like Citibank, on the other hand, received advance warning from the government that the currency was about to drop, so they quickly pulled out huge amounts of money from the country.
Excellent interview.. the man is right..
Low wages and lack of spending power is a large driving force in the down turn of the economy. COnsumers simply cannot buy everything that is produced anymore so the economy starts shutting down. Factories cut back or close, warehouses fill up with stuff people no longer have money to buy.
How can we find blame in any group or person when all along we didn't stop it?
It's not like this hasn't happened before.
Voting for your predator is totally insane.
If Mike doesn't know how it works no one does. Empire is the game. Money it's essence although it may reside in the city of London this century and my city another that doesn't matter. We had our time in the sun but now the sun is setting and will shine bright for the financial parasite in another part of the world. Don't forget to vote.
Very nicely said.
@TeslaGenius2 I agree. Go to hard assets outside of the financial system. Food, land, precious metals
Democracy and economy go hand in hand.
If one is not doing so well, you can safely bet there's something wrong with another.
@TeslaGenius2
I agree with you to some degree but even now gold and silver are over priced. Take a look at the cost to mine an ounch of either and you will find your paying to much now and it will crash also.
So what do we do? You have to eat and drink. We need shelter and energy invest in that.
the economy is already impoverished. A depression is unavoidable. One way is hyperinflation. One way is prolonged stagnation before deflation. You must pick one path. You are on one of those paths.
At least this time around some people may clue in and refuse to play ball, instead going independent of corporate influence and buying and really hit Reset and hit it hard. The status quo including stimulus is a failure and dangerous to any future personal earnings. Ever.
Nice interview. Depressing, but very informative.
Repeal NAFTA, repeal GATT, reinstate the Glass-Steigle act, end the FED
@EasternGateGuardian
That's because we are repeaters and we forget rather quickly how the system really works. We must burn this time in our minds and after it shakes out never let it happen again.
Very interesting interview!
inconceivable!!!
'Depressions' arent declared until after theyre over.
Oh, I'd better download this video before UA-cam removes it.
Paradoxically, that clip was simultaneously fucking brilliant and fucking sorrowful.
@SmellyJunkie
It's not really our money it belongs to the Federal Reserve (bankers) they can cancel it anytime they want. Then they can start over with another form of paper.
Bring on a depression? I've always said the corporate interests will one day bite their own hand because if the wage earners don't have the cash, they won't buy the products. It's pretty simple.
the only thing hes skipping is the short term interest of ceos...more short term profits = higher bonuses....
Once you have your bonus, it doesnt matter if your company goes down under...the corporate bonus stucture is the smart parasite here.
Imo of course :)
@elgringorumbero
I'm with you, and we need strategies. The struggle isn't so much military as financial. There needs to be an alternative currency that circumvents the debt-based monetary system. Somehow producers, distributors, retailers, and labor need to develop trade outside the dollar and other fiat urrencies. That's one way to cripple bank power.
You reap what you sow.
The whole lie should downsize.
The parasite is the lie that sucks away your reasons with lies.
@Yellow2011 not sure its possible. They find their way in and never go away...
@dragonsjaws
yes, there is plenty of blame to go around. but when it's time for the accountability to go around, there won't be much of it passed on to the banks and financial fraudsters and that is pretty much the focal point of the outrage many people are feeling. an entire class of criminals has bought their way out of facing the consequences of their actions, leaving the majority of us behind.
@mensrightsTV Exactly. Most controversial videos will eventuelly disappear on youtube for some reason.. I already have a lot of holes in my favorites list over the last two years..
@Knightshield It'll happen when they can no longer afford to buy Big Macs or any of the cheap crap they sell at Wal Mart.
interesting indeed. the way he lays out the agenda is k.i.s.s. and a clarity to the people that have the purse strings of the republic
I feel like Spike Lee's character in Do The Right Thing. I just want to throw a trashcan through a window and bring on the Depression!
This fake recovery is bullshit.
The crooks have been pardoned without being prosecuted, and we've even refinanced and re-empowered them!
30yrs of misrule need to be addressed. A short sharp shock would be better than 30 more years of being bled dry.
In other words Debt keeps the people in line.
@AquaticApe1 lol I agree. That's actually pretty damn sad
The bust in the background sets the stage.
I love that man! :D
@iamalittlespy so your argument is : well, since obama likes debt so much, why did he approve a policy that would add to the debt?
I dont get your question.
@doobtribe - Absolutely agreed!
I'm sorry I watched this video. IT reminds me of the powers held by the financial sector. IT really sucks.
@CCCoNeTiMe I hear you... amazing how insane we become
@silvergoldhedge
they have already fleeced you
Interesting
@CosmosPrivateer Have a look at the series, please. Go onto Dailymotion, type 'LisaFalour,' and then ACCOUNTING 101. This series will blow some minds if anyone listens. Carey is still at it, I bet.
@topthickproducer
"Wildfire sadness brings wildflower gladness"
~~cc
There has been a whole lot of lying going on. Bring on judgment day! See who survives. Sad, but disease has infected the collective consciousness of man.
@orsonwagon
Then you must have read Empire of Illusion. Hope Chris made bail after his arrest the other day. 2 other great Americans arrested that day also and many others.
Great Book
@slobomotion
Please do.
@MerrillMedia you need to read more history start with anything written by Anthony C Sutton it is factual excellent historical work using the gov'ts own records
1 in 6 Americans are on food stamps today. Think about that.
@mikeoli Actually, i don't believe in the left/right paradigm.
@shanepaulcoward
Like Ving Rhames bent over the barrel in Pulp Fiction, or Ned Beatty squealing like a pig in Deliverance.
@orsonwagon
Alright, I'll check him out! :]
@yutuboslaven Half of your terms are whimsical. What do you believe? It's much harder to say what you are for than what you are against.
Who are "they" he's talking about? The "parasites"? "They" are gonna split and move to asia, or to other countries?
@411American Well I be damn! I agree with that 100% Oops guess I misunderstood you who's the biggest dummy now! Lol
@micahgee I know, and yet these people want their Soc Sec retirement? Isn't THAT socialism?
@elgringorumbero its a fiction war, better know how to fight fiction with fiction.