|⇦|| Episode #508 - Truth & Lies of The Financial "Crisis"
(Peak Oil and Peak Ponzi)
|⌚ Sat 17 July 2010 ☻Nicole Foss, Michael Hudson (reading)|
Download Hour1 Download Hour2 The show this week looks at the financial crisis from two angles. Most of it is given over to a talk by Nicole Foss about the implications for expansionary debt-based money of hitting the planet's ecological limits. We conclude with a reading of Michael Hudson's 2009 article, The Language of Looting, which explains how the term "free market" is now used to mean the opposite of its historical meaning.
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