[KR1409] Keiser Report: And Forgive Them Their Debts

In this episode of the Summer Solutions 2019 for the Keiser Report, Max and Stacy are joined by Dr. Michael Hudson, author of many books, including “And Forgive Them Their Debts,’ for his ideas on solutions to the ever growing wealth and income gap currently ‘solved’ with ever increasing amounts of debt. They discuss the reason for the huge surge in this wealth and income gap that began in the early seventies as the top once percent ran off with all the productivity gains. What role, if any, does the post-Bretton-Woods-all-fiat-dollar-reserve-system play in this economic injustice?

The discussion then moves to Representative Brad Sherman’s recent claim that, “An awful lot of our international power comes from the fact that the U.S. dollar is the standard unit of international finance and transactions. Clearing through the New York Fed is critical for major oil and other transactions.”

Source: Maxkeiser.com

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Keywords:

Keiser Report • Keiser Report • Michael Hudson (economist) • Wealth • Economic inequality • Reason • Wealth • Economic inequality • Productivity • Bretton Woods system • Fiat money • Economy • Brad Sherman • Power (international relations) • United States dollar • International finance • Federal Reserve Bank of New York •