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Citizens terrorists least. Illegitimate seizure of. The government offices which taken over. Those are your headlines this hour you can find out more at r. T. Dot com up next on Arch International it is the kaiser report and in the u. K. And ireland it is boom bust stay with us. Hey welcome to the cons report the 1st episode out of 2020. States here are not going to have some really special guest right with us right now dr Michael Hudson dr michael and welcome to be here i was just curious i have as crazy image moment ago you know back in the seventys 1970 s. There was a movie called death wis...

Vigilante and im the austin economist and we meet and 42nd street and do you blow me away with your 45 magnum debt equalizer or do we have a discussion about this well i say theres a basic principle of debt that a debt is only valid if you make if the debtor can repay it but if of a lender makes alone without any idea how the debtor can repay it then the loan is considered a fraudulent loan so i would define fraud and begin of a large debt write down also a secretary of the treasury i would be in charge of text policy and id minimize housing prices id roll them back down by basically taxing th...

Vigilante and im the auster economist and we meet and 42nd street and do you blow me away with your 45 magnum debt equalizer or do we have a discussion about this well i say theres a basic principle of debt that a debt is only valid if you make if the debtor can repay it but as of a letter makes a loan without any idea how the debtor can repay it then the loan is considered a fraudulent loan so i would define fraud and begin of a large debt write down also a secretary of the treasury i would be in charge of techs policy and id minimize housing prices id roll them back down by basically taxing ...

A fantastic im not sure thats what were talking my head into the ring actually we have elections coming up here in this year 2020 or of course part of our epic new series front running so if you were made treasury secretary in 2020 what would you do this year 2020 so i guess you would come into office 2021 in january 2021 would be the 1st thing you did to fix this economy or let it sit down with the attorney general and say were really going to apply the law and of course if you applied the law a lot of bankers would find themselves in jail yeah apply the law debt westray to the Charles Bronso...

Lent loans for the stock market and speculation and for corporate takeovers wed make loans to actually spend into the economy and i would oversee a rebuilding of americas infrastructure questions im reading some Northern European economists i forget which is its a fan letter sweden but theres a school of thought that believes in a natural rate for the earth interest which is roughly 4 to 5 percent do you believe that there is a natural rate of interest there was never been a natural rate of interest all rates of interest for the last 5000 years have been administered right any rate as an admin...