Winner 2013 Webby Awards for Best Political Website
Top Banner, Site wide
Apr 23, 2014

 Choose a size
Text Size

Top Leaderboard, Site wide





The Divide


Truthdig Bazaar
The Five Biggest Lies Bush Told Us About Iraq

The Five Biggest Lies Bush Told Us About Iraq

By Robert Scheer, Christopher Scheer and Lakshmi Chaudhry

more items

 
A/V Booth

Debt Is a Weapon for Taking Your Things Away

Email this item Email    Print this item Print    Share this item... Share

Posted on Jan 20, 2014

BoomBust/YouTube

The treasured University of Missouri, Kansas City economics professor Michael Hudson explains to RT how debt is currently being used “as a means of foreclosing on property and transferring” it “from the debtor to the creditor.”

“That’s how almost all of the wealthy oligarchies in every country of the world in history got rich,” he says. “By making a loan and then foreclosing on the assets and then impoverishing the other people. And that’s the business plan we have today.”

Hudson begins at the 5-minute mark.

BoomBust:

—Posted by Alexander Reed Kelly.

Advertisement

Square, Site wide

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

Newsletter

sign up to get updates


 
 
Right 1, Site wide - BlogAds Premium
 
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 
Right Skyscraper, Site Wide
 
Join the Liberal Blog Advertising Network
 

A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
© 2014 Truthdig, LLC. All rights reserved.