Reality Of Creditor Jubilees

Max and Stacy look at the question of “whether or not China has what it takes to be a superpower?” In the second half, Max interviews Dr. Michael Hudson, the author of the soon to be released book, “...and forgive them their debts: Lending, Foreclosure and Redemption — From Bronze Age Finance to the Jubilee Year.” They discuss the new - or not so new? - reality of creditor jubilees in which investors' bad investment decisions are made whole and why it has always instead been the debtor who has rightfully been given a clean slate.