Cannibalization and Looting Now That Its “Game Over” Says Michael Hudson

“J” is for “Junk Economics”, “C” and “L” give a whole new meaning to “waste”.

Michael Hudson on Keiser Report

Max and Michael discuss a varying range of topics, and the bottom line is that everything from wages to “assets” has turned to garbage in the United States.

For an in-depth discussion on where the problems are and what the banks and the elite are doing to seize the opportunity, you won’t want to miss this one because, as Michael puts it, financial engineering is now in the final cannibalization and looting stages as the last bit of economy wastes away, and those who thought they had hard assets with housing investments are about to be in for a rude awakening.