Michael Hudson is one of a handful of economists talking common sense. From the 13 minute mark in this new Keiser Report video, he exposes the manner in which the one per cent continues to work the financial crisis to its own ends.
Until we cry “Enough!”, the result must be deepening economic recession.
Enjoy!
Some really mucked up thinking first up regarding Germany.
Follows up with the obvious regarding printing money. Expansion of the monetary supply is a form of economic rent.
Unfortunately, the RBA just signed us up for a massive rent grab. Saddens me no end.