Democracy Now!

Season 2010 Episode 1105

Friday, November 5, 2010

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Aired Unknown Nov 05, 2010 on Democracy Now!
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Friday, November 5, 2010
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The Federal Reserve will pump $600 billion more into the US economy and keep interest rates at historical low levels. The short-term impact of the Fed’s move, known as quantitative easing, has been a jump in stock prices across the globe. Many nations, however, have accused the United States of waging a currency war by devaluing the dollar. We speak to former Wall Street economist and University of Missouri professor Michael Hudson. "The object of warfare is to take over a country’s land, raw materials and assets, and grab them," Hudson says. "In the past, that used to be done militarily by invading them. But today you can do it financially simply by creating credit, which is what the Federal Reserve has done." [includes rush transcript]moreless
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Season 2010 Episodes

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Friday, December 31, 2010
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Ep 1221
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Ep 1216
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Ep 1213
Monday, December 13, 2010
Ep 1210
Friday, December 10, 2010
Ep 1209
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Ep 1208
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Ep 1207
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Ep 1206
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Ep 1203
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Ep 1202
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Ep 1201
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Ep 1130
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