In keeping with what I wrote yesterday, here are some videos of interviews and statements made by a seasoned economist named Micheal Hudson. This guy pulls no punches, and doesn't seem to target a particular political entity, so I'm thinking partisanship isn't his thing. It appears his main interests are to explain what is going on, how it happened, why and what to do to fix it. Plus gain a little profile, in all likelihood. Hey, somebodies got to do it..
$450 Trillion in derivatives? Did I hear that right?
Last year he said this;
Once in a lifetime rip off;
I picked up the first video from a blog post Red Tory has up. http://redtory.wordpress.com/2009/03/17/renegade-economist-michael-hudson/ Red comes up with some very interesting stuff at times. Isn't the internet wonderful??