The Bailout’s New Financial Oligarchy - Michael Hudson, #160

Interview with economist and financial historian, Dr. Michael Hudson, discussing the largest financial theft in American history - the evolving giveaway to Wall Street criminals. We talk about the class war leading to depopulation, de-industrialization, poverty, and sharply increasing default and debt. The bailout offers no help to the economy. The only way to resolve the crisis is to write down the debt, and this is not being done. We discuss the IMF/World Bank, the end of foreign investment, Enron-style accounting, and the false cover story promulgated through media deception. The bailout is a gangland operation to pay the pals of Paulson.  Aired: October 15, 2008 Visit Guns and Butter at: http://www.gunsandbutter.org