Debt Deflation in Europe and America — Dr. Michael Hudson _ on Guns & Butter
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Debt Deflation in Europe and America — Dr. Michael Hudson
European banking crisis causing a constitutional crisis of the European Central Bank; Germany; the myth of Social Security in the US.; bank balance sheet crisis; food, fuel and climate crisis; the super congress; debt deflation; FHA lawsuit against the banks; criminalization of the financial sector; Modern Monetary Theory; the coming lost decade; debt cancellation. Recorded Sept 2011, but still highly relevant today.