Michael Hudson – US coronavirus ‘bailout’ scam is $6 trillion giveaway to Wall Street

Moderate Rebels

Facing the Covid-19 pandemic, the US Congress rammed through the CARES Act — which economist Michael Hudson explains is not a “bailout” but a massive, $6 trillion giveaway to Wall Street, banks, large corporations, and stockholders.

Max Blumenthal and Ben Norton discuss the enormous financial scam with Hudson, who reveals how the economy actually works, with the Federal Reserve printing money so rich elites don’t lose their investments.

1 Comment

  1. At the end Ben says it’s a house of cards. He should just do what Michael Hudson suggests, i.e. read upon MMT. MMT has a lot of excellent explanatory material out on the web.

Leave a Reply

Your email address will not be published.