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Debt Jubilee Or Collapse

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  • Debt Jubilee Or Collapse

    https://youtu.be/cpi04VA1XQg

    I read and post alot of his stuff.
    But watching and listening to this is really good. If you watch about 15 minutes and get into it the full 45 is easy.
    But he's very intelligent. He knows the system because it was his job.
    He says stuff about stepping in and nationalizing failing companies and banks. Breaking up the banks who basically own our economy thru the Federal Reserve. After nationalizing companies, bringing overseas production home. Somehow using bonds to do this stuff. And then reprivatising the companies.
    And he says that they need a Jubilee for debt. The banks get their bailout so there should be writers for companies and regular people. Not total debt elimination but a major write off of debt. So that the people and companies have money to spend. More disposable income drives the economy.
    I think it sounds really good. And he doesn't read or use teleprompter. He speaks off the top of his head with knowledge and experience. Great clip imo.
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