Michael Hudson Super Imperialism Interview 2021
The US government can not write down debts because the politicians would lose the financial lobby contributions.... and thus the US government is hijacked by private bank "financialization."
China, in contrast, can write down financial debt...
Hudson says 8 million people have their mortgages threatened in February when the mortgage relief expires....
Turn america into a country of RENTERS not owners is the plan of the elite....
The government can create the credit - not the banks.
The government needs to spend the money into the economy - not given to the banks.
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