Agreed.

@@coolmodelguy6304 Makes me giggle. In one of his other talks, he mentions his background. Godson of Leon Trotsky. Open Marxist. From a Marxist family. Hired by the CIA, because their background checks are shit.

Michael is my hero, his learning is of the special kind.

@@antediluvianatheist5262 So what?

You Have A Good Point absolutely followed by Richard Werner.... too bad Prof Richard Wolf gets more publicity than both.

welcome!

first book on economics i ever read was '...and forgive them their debts'. then i read 'killing the host'. luckily i had no economic education before (didnt know what a bond was, even) which meant i didnt have to go through any neoliberal deprogramming to understanding what he was saying (just a lot of looking up terms in the dictionary). i dont know if youve read it, but you have to get 'killing the host'. i would also recommend elaine myksin woods 'the history of capitalism'.

He’s changed my life of ignorance

I’m on my seventh book of his.

Libertarianism is Totalitarianism

We have to write those leaders in.

He's the guy.

But what Hudson is suggesting is that the collateral shouldn’t be taken. The bank took a chance and loses.

Yes, and the collateral of the federal reserve bank and IMF is the labor if the population, otherwise known as taxation.. now, their collateral is not just in goods financed, like land, but the collateral is the labor of the American people called income tax. Property taxes keep the people down and dependent

@@MrCharlyAndy maybe collateral is ok, fair enough perhaps. What isnt good is interest. Interest is prohibited in the bible and debt release happened every 50 years. Slavery was more like indentured servant hood because the person had to be released in 7 years

Bernie is up there and he’s just as focused and clear as always! More than Biden or Trump!

Hes wrong. That bit about jesus talking about the year of jubilee is TOTALLY WRONG . Lol. Jesus quoted the first part of Isaiah 61 announcing HIS ministry, which was redemption and reconciliation. He left out the second part of the quote which had to do with God's vengeance because that was not His role at that time. Jesus will return as the arm of vengeance later. Unbelievable how stupid secular know it alls interpret scripture with no understanding . If you just look at the context it's obvious He was announcing His ministry. But yes, God did demand a year of debt forgiveness, the jubilee, AND outlawed charging INTEREST. Both of these would correct what Hudson is talking about

Kosmos Faber Thank you!

@51:00

Jews hate Jesus not Christians.

@@Anticolonialist Jesus did not want a church, and the Christians have been led to the wrong path by Paul, jewish himself. The Roman Catholic Church has betrayed Christ, and Protestants are closet jews, unfortunately, specially since Vatican II, and this pope François I, who is obviously NOT a true believer in Jesus Christ. No hate in my heart, only Love for Truth, Beauty, and Good. ,

@@19battlehill And Christianity loves the Roman rather than Jesus's teachings.

@@19battlehill jesus was a great men he did put his enemies the Jewish rulers & the roman empire out of busyness however his aim was never accomplished which was more humanity more love and understanding on that field he fail. people are no different today than 2000 years ago. why the Jews had to walk for 2000 years + is another matter that is more psychology than religion. israel today is a mess , and that is the system. not religion .

Solon,?

Aha. We will rework nature and stop the write down of debt. Capitalism over the whole Galaxy!

Krugman is an idiot.

krugman doesnt seem to understand that if banks create money, and banks charge interest. because banks need to make a profit. repayments>total money supply every time unless you have an ever increasing money supply. the question then becomes is that possible that banks can keep issuing loans above the replacement value and turn a profit?

Exactly and it's most of these videos. I'm like if you want to be the next Oprah you gotta at least do a practice video and things like that.

I noticed that in a different video too. I should just google it but is there a purpose/tradition to this I'm just curious? I have been told to wear watches on my left wrist and continue to do so to this day but have no real reason other than being told early on in life. But uh, c'est la vie I suppose... I want to apply some baseless psychoanalytical linguistic correlations and say it's like keeping time closeby and to yourself or something but that's all I can think of.

If you have allergy to metal on the back of the watch face, good to do

Lol

I wonder if they threatened him. Remember how he had a sudden stay in hospital for his heart? Soon after, Biden got the nomination. I knew Sanders would never be allowed to win.

@@gmac8586 Afraid ? At his age? Bernie was a fony. He has like maybe 20 years left. Even if they threatened him once we get to the end of our life we tend to get fearless. Iam not saying Bernie was a bad person. I am just saying Bernie had plenty of chances and every time he went along with the establishment.

In other words everyone has skin in the game all countries and people

Mexico first has to get rid of the drugcartels before it can get a real economy and democracy.

@@The.world.has.gone.crazy... Yes but why are the drug cartels able to be successful? It's because they have an endless supply of desperate people. Just getting rid of cartels won't accomplish anything until Mexico figured out a new economic situation.

Short answer is, they will be gone, just like every other speculative instrument. The whole pension system would have to be restructured so that pensions are paid from the public budget, paid for by work that is done today (or rather, will be done next year). Although for the short term there wouldn't be anything stopping the government from guaranteeing the pensions, and things like ordinary bank savings, before everything else. That is theoretically at least. Most likely what will begin to happen if COVID crashes the financial system entirely is that the bankers will try to stick the most toxic assets into pension funds first, essentially liquidating them. Interesting times are ahead.

@@MilesBont any jubilee isnt going to be an easy sell on pensioners, the ones who vote the most, much less on the wealthy donors to political campaigns.

@@fracta1organism True, but like Hudson said in the beginning of this interview, 'debts that can't be paid, won't be paid'. I wouldn't be surprised if pretty soon you didn't have to sell the pensioners anything, and you didn't have to care one bit about the wealthy donors. When it is impossible for the system to function, it comes down one way or another, and we might very well be at that point sooner than anyone of us thought. I'm not saying it's all going to necessarily turn out fine either in the short or the long term, or that it's going to be easy, but I am sure that there are many bankers in this world right now who are (or at least should be) very, very scared of (especially) the middle class, be it pensioners or employees, who are going to be very, very angry after the dust eventually clears from COVID.

Pick the pitchforks , and get the scum who have it all... problem Solved.

@@joaolitos This is exactly what the Deep State wants. Please don't think that violence will do anything except accelerate global monopoly of privately held corporate wealth. Any viable solution is a peaceful solution, including the oligarchs and their worshipers.

Biden is still worse... even if its not by much

Ask who destroyed Libya? Oh I remember now. It was our black president. At least with Trump and Bush you can see the knife.

It seems as though it is simply rhetoric, just to make clear his hatred for Obama and Hillary. I mean, look at Trump's tax cuts or our military funding, they've both gotten worse under him. He's just trying to make clear that the vast majority of Democrats are very, very corrupt.

yes. a really good interviewer is almost not there with a guy like hudson, who can do a lecture, thank you very much. If I was interviewing, I would stop in mid sentence if hudson said um, err

This a million times