Debt Jubilee for Bankers (E1529)
In this episode of the Keiser Report, Max and Stacy look at how fairness is the basis of justice, and how there is a fundamental unfairness in the never-ending bailout for the elites while the bottom 99% must suffer the risk offloaded onto them by those who constantly receive such help. In the second half, Max interviews Dr. Michael Hudson, author of ‘Super Imperialism’, about ‘neofeudalism’ in the modern age. As big banks, hedge funds and private equity firms receive a ‘debt jubilee’ from the central bank, ordinary Americans are indentured servants to their unpayable debts.
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