Monday, July 11, 2011

The Big Banks as Financial Terrorist

Here is a report by Max Keiser.

At 14:00 into the video, Keiser interviews Michael Hudson. Hudson is concerns that the EU is being fun by a financial oligarchy that is instituting a "neo-feudalism" in Europe:
Michael Hudson (born in 1939, Chicago, Illinois, USA) is research professor of Economics at University of Missouri, Kansas City (UMKC) and a research associate at the Levy Economics Institute of Bard College. He is also a Wall Street analyst and consultant as well as president of The Institute for the Study of Long-term Economic Trends (ISLET) and a founding member of International Scholars Conference on Ancient Near Eastern Economies (ISCANEE).




I chuckle at 2:00 into the video when he calls "banks as terrorists".

I like the bit at 12:00 into the video when he calls the US a "baboon petting zoo".

Max Keiser is over the top in his show, but there is an element of truth in what he is saying. I fully expect you will get more and more crazy populists and more extreme views the longer the current economic crisis is allowed to drag on.

1 comment:

Matt said...

Yeah calling them economic terrorists might be a bit over the top. Terrorists have actual values. They just want to make money- motivation means something.