HARRY 3 on Nostr: Keiser Report interviewing Michael Hudson 24/03/2019. On the concept of negative ...

Keiser Report interviewing Michael Hudson 24/03/2019.
On the concept of negative interest rates.
It is unlimited credit.
What the Fed is trying to control isn’t the economy, it is the Stockmarket, the bond market and the credit market.
Eg S&P earnings are going down, but S&P prices are going up.
Your inflating the stock prices, but the Company’s are being hollowed out.
Their not investing more, their not producing more.
Companies can pump and dump and run.
This process leads to debt forgiveness for Companies.
Back in 2008 public debt the debtors - debt not forgiven.
However the creditors (banks) - debt was forgiven.
Debt is growing faster than the economy.
Setting the stage for a polarised eco economy that the world hasn’t seen since the 13th century. Super feudalism- Neo feudalism .
Their will be massive repricing of assets.