RT on Oct 5, 2013
In this episode of the Keiser Report, Max Keiser and Stacy Herbert, discuss David Cameron as a Special Purpose Vehicle (SPV) which causes the wealth of the nation to drop. They also discuss Continuous Payment Authorities as a metaphor for our financial systems continuously taking toll payments, whether via interest fees or inflation.
Max also notes that David Cameron claims ‘profits’ is not a dirty word; and yet, to every major, successful corporation on Earth “profits’ is, indeed, a word to be avoided at all costs. In the second half, Max interviews Dr Michael Hudson of michael-hudson.com about the global economic policies turning the UK into Greece and the U.S. into Latvia and a world in which only the little companies make profits.
Michael Hudson is a former Wall Street economist. A Distinguished Research Professor at University of Missouri, Kansas City (UMKC), he is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto Press, 2002) and Trade, Development and Foreign Debt: A History of Theories of Polarization v. Convergence in the World Economy. His book summarizing his economic theories, The Bubble and Beyond, is now available. His latest book is Finance Capitalism and Its Discontents. He can be reached via his website, firstname.lastname@example.org.