Guns and Butter

Guns and Butter – September 14, 2011

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“Debt Deflation in Europe and America” with 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 recession; 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.