Keiser Report: Reality of Creditor Jubilees

In this episode of the Keiser Report, 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.