Empire and Economics: The Long History of Debt-Cancelation from Antiquity to Today
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- čas přidán 14. 04. 2019
- Join Dr. Michael Hudson, New Testament Scholar Dr. Aliou Niang and Rev. Dr. Liz Theoharis, Biblical Scholar and co-chair of the Poor People’s Campaign: A National Call for Moral Revival, for a discussion on the history of debt and what it means for our context today. Moderated by Shailly Gupta Barnes and the Kairos Center for Religions, Rights and Social Justice.
Debt plays a central role in upholding the economic and social order of the day. In the US, mounting debt and the crippling financialization of our lives is taken as fact. Our political leaders see no real problem and offer no serious solution. This was not always the case. Throughout antiquity, widespread debt-cancellation was understood as a moral and practical necessity. In a significant new book, …and Forgive Them Their Debts, economist Michael Hudson traces the biblical demand against debt and the long history of economic jubilees. Counter to dominant history and theology, Hudson reveals how the Bible itself is concerned most with the moral failure of economic systems, rather than personal sin.
As a Bronze Age archaeologist, I find Professor Hudson’s research into economic history absolutely fascinating. Well done!
linguistic gymnasium as a high school and Slavistics at University, here, in Serbia.. You'd probably call it "Major in..." in American University (College, sorry), but here, the whole program is centered around the subject of Slavic languages, mostly Russian. Just finishing it, even though I'm 32 and own a small bakery, making special yeastless breads.. Previously, I've finished one college, which makes me an "Engineer of Civilian Protection and Rescuing in Emergency Situations". I'm thinking of studying Economics since I like studying. Like studying at that level. Helps me organize my life, and I love to acquire new knowledge and insight about the World, but, actually, weirdly, I have never worked in a field related to my first college except making a survival and skiing school last Winter. College is not free anymore, but I can organize 600 USD per year somehow..Healthcare is still free, thank God.. So, I love history, and when I saw that you are a Bronze Age archeologist, I suppose you are well knowledgeable of the Chalcolithic. I'd love it if you could tell me how much is the Vinča culture represented and taught in the West? Really interests me because I was at Vinča yesterday and went to see the archeological site from 5700 BCE. although it is from the Neolithic, it was a culture that was smelting copper at the time..
WOW! This may be the best you tube video I have ever seen, it may certainly be the MOST IMPACTFUL.
Michael Hudson is a genius. I wish he could run the world. I’ve never been able to understand how the world works until I found Michael Hudson. I’m on my fifth Hudson book. Thank you Micheal Hudson for the evaporation of my ignorance. I can not recommend him enough.
Ditto.
Thing is, it's really not so much that Hudson is however smart, it's really that he has the guts for intellectual honesty. ...Seriously, the way things are at the present time, that it a rare & precious quality. We need many more.
agree he's great. Just want to point out that calling him to be World Ruler would be a bit contradictory..
If somebody work x years for somebody else then debt cancelation isn't solution because nobody return time to person who was in imaginary debt. Money loaners have goods and services now and debtor have only satisfaction before death. Every law and religion are mechanisms of "cryptoslavery".
@TheCanMan Can Since 1990 even more irresponsible consuming is what you think would be good for the working and middle class that jordan peterson reches out to??
I feel like Doc Hudson just solved Liberal Arts. Going to the University of Dallas and LSU and studying the Classics, i never felt connected to the literature. My professors did their best to put things in context, but Holy Fn Jove does Hudson thread the Golden Needle. I got glimpses of this in Howard Zinns work and Dune. Now i feel like i know where i stand when compared to the greats who freed their brothers and sisters from the tyranny of debts!
And it puts context into religion,ancient history and politics
I teach elementary school and I find it mind blowing that we dont teach this type of knowledge in schools.....How come we dont teach banking , housing, and mortgages...and where the hell is the class on interest? We should be teaching this starting in middle school.....Just my opinion!
@@abdulraheem415 an ignorant generation is an easily manipulated generation.
@@stenyethanmathews945 exactly! We have been swindled Steny. I see the millennials are completely consumed with materialism today. They dont understand debt, banking policies nor mortgages. I know they dont because I'm 48yrs old and I barely understand it. What I know now, I learned from doing my OWN research! I didn't learn it in school...so u are rite! We are easily misled.
@@abdulraheem415 just enough education to perform (serve)
If you havent yet, read or listen to Smedly Butler's War is a Racket. Hugely eye openning.
Just read the pdf the other night. Amazing read
I agree!!
Hudson is one of the great intellects not only today, but of all time.
Poor Box Theater I completely and totally agree with you.
Please allow me to "endorse your thread for the third time". Pure genius with a heart of gold. I am in love with Hudson.... Such intellect is a beautiful thing to see.
BIBLICAL DISCUSSION IN ECONOMICS.
¡Someone knows the way of excellence!
Dr Michael Hudson...1000 likes to you!
Actually, we do have for give them their debts now. It's just that those being forgiven are for Wall Street and 0.1%. The debits of those who cannot afford a corporate lawyer and K Street lobbyist just keep rolling on.
Michael Hudson is an intellectual beast. What a great event.
@@PseudeaEpimetheus He's an idiot. That's why.
Ooooo
Money is a commodity. Michael Hudson is a Left wing fascist neo-Nazi prick for arguing that money is government.
he brought up the Essene's... super beast😁😇🥰
MICHAEL HUDSON..AN ECONOMIC , HUMANITARIAN GENUS..LIKE NO ONE.
This casts a whole new light on Abrahamic religion. The creditors say to the king (a common reference to God throughout Judaism): "Forgive us our debts as we forgive our debtors."
@Jon Dhoe Oh, I don't know. It seems to me that the translators and, thus, interpreters of the ancient texts into European languages were most definitely in service to the wealthy ruling classes who had no problem screwing over their own people. Even with the hullabaloo over the almost supernaturally-powered Jewish Banker folks like yourself go on about, someone took out those 'usurious' loans to become even more wealthy and oppress other non-Jews. But somehow only the supply-side of this false dichotomy is ever talked about!
Sir, your first sentence made me think! We(Muslims) call Islam a Abrahamic Faith. The usury subject is almost completely excluded when it comes to Muslims Scholars. And while i traveled to so called Islamic countries I found 90% of the banks were banks that offered/gave loans with usury connected. The odd thing about it was that people know about the corruption involved with that system, however they refuse to use debt cancellation, which Islam is deeply based upon! As a result we can now see that those countries are in deep economic destruction, war, famine, tribalism, racism, and democracy is not helping.
Yes but sins are dept... Din in Arabic means dept... You are given live and earth and all that's the responsability:
If you do even a sin that hurt no one but yourself seemingly that's a sin that's a dept... And god can forgive that and give you energy to be good again and repair...but he can punish... It's not just about money... It's layers and layers deeper...
A society can be for example very good and just but doesn't believe in god... Then what a dept, a wrath can come and destroy all... Be sure you built society on faith... And not try to show god how good is... He knows he guides
@@abdulrahmanraheem423 am sorry aren't aware that Muslim countries are being fought to the core in every aspect and dimension by the satanic forces of this world
You talked about banks and the system in place as if it was a Muslim system... Are u serious or your mocking your understanding of the world...
Those are implemented system. servitors to transform the Muslim world into slave for the great Israel project ... Résistance is hidden... The Muslim system is radically different from any system in the world today... When the Imam will appear he will resurrect that for the world to see... Islam as a religion is the greatest religion calling out Haram on Jewish banks practices.......and Islam had the notion of bayt mal Al moslimin.
Bank giving free money to the poor... And scholars and many financially weak parts of society...
Wow !!!!.. History will have to repeat itself in order to restore balance in our societies ,,no wonder it's all been hidden for centuries !! Brilliant scholar, !!! Thank you Dr. Michael Hudson ...
No it won't... Something however something very essential will be remembered...
Dr Michael Hudson is the kind of person who makes me want to go back to school.
Me too, because after listening to him I feel so uneducated omg!
School may not be the best way to get educated.
Unfortunately schools don't teach this....except in China. He's alone.
Please don't, Jorge
Soo informative. 46yrs old and realising I know soo little about how society functions. Thank you.
Same, and am 60!😂
The biggest problem with debt is INTEREST. The reason we are in a debt spiral is INTEREST. As we continue to procure more debt in order to pay off the initial debt, is not because we can't pay its PRINCIPLE amount, however when this principle amount continues to multiply in value, it ensures the creditors that demand is still high for their credit and "faith" in the Ponzi scheme is still strong, which ultimately translates into the creditor's acquisition of more riches, by means of seizing more homes, businesses, land, and other property.
Among the wealthiest nations in the world, have been operating in a system that effectively prohibits interest. This system is none other than the Islamic banking system and those wealthy nations are of course the highly despised Arab Gulf States. To attribute their immense riches soley to fossil fuels is highly misleading
Usury (Interest) is a sin as stated in the Bible. Modern Christians just don’t follow that anymore. Sad.
Are we once again witness to a Crusade?
The Nubian's donated some folk Tales that Moses converted into a religious following.
Someone delivered the concept of renting out their Cash to others that inspired Romans to adopt the concept and use their version of an Abrahamic Religion to promote the concept.
The remains of Roman Empire now fight it out to insure the use of Usury.
Pretty amazed that Doc Hudson is still alive a speaking his message.
Hes a useful idiot.
It has been quite a shock to realise how extremely distorted my history education at school and university was.
How curious....... Yes, I remember first reading Michael Hudson when I was in college, in the 1960's or 1970's, and now at 84 years of age I find this masterpiece of historic interpretation by the author! I then discovered another classic book, "A World in Debt", from 1935, written by Freeman Tilden, which began to explain the currency devaluations I was witnessing in France and England in the late 1960's........ but which was anathema to American scholars and writers. I quickly learned of the Rothschild family and the history of banking. And curious indeed that I then got a job at Wells Fargo Bank and had access to the company library to further my studies........ In the early 1970's I thought the finale would come around 1975 as the money creation exploded -- never even to consider that it could possibly continue until this day, 47 years of inflation later, when American dollars are said to number over 30 TRILLION! Try to imagine a trillion dollars.........
Yes, this situation should get very interesting very soon.........
World war ahead?
I'm wishing Dr. Hudson a long life into the 100 years mark, considering how he's doing, not too far fetched. I don't have much time to read, so I've been listening to Hudson for years now and he's my favorite.
Steeve Keen is a genius in his own right and a Maverick too, but he's too academic for me to digest, sometimes he might as well be talking about Quantum Physics. But Doc Hudson talks in standard English about complex issues and always exposes the scams.
Sadly, there's only 11k viewers since April. A Korean woman eating noodles in youtube, and stupid sxxt like that, million of viewers. It's how the world works.
David Graeber was studies and writes about the same thing, He searches for the origins of inequality.
Nah man he deserves Methuselah numbers
That is assuming all the likes are recorded by Utube. Best not assume anything is correct especially corporate statistics.
@@GETJUSTICE4U Indeed!
Way way way more people should have watched this most enlightening video.
What a great discussion! It's a shame only a few of us have watched this, but if you've seen it--consider yourself enlightened!
spread the word
demand systemic change
My mind is blown!!
So it seems it was always a zero sum game of the "haves" against the "have nots".
Yes, the motor of history is class struggle. Read some Marx.
Ancient Civilizations should be our Civilization today
The comet is coming don't worry
Love Michael Hudson - gives me an intellectual high every time!
Same!
Holy shit, I just had an epiphany on this Luke 19:11! Now I know why I hated when people brought up this parable to bash the poor. The fact that Christians can't even tell the difference between a loving father and a neoliberal, genocidal oligarch tells me everything that is wrong with the church and society! The text even calls him a "man of austerity" (ανθρωπος αυστηρος - anthrOpos austEros). You can't make this shit up! Thank you Aliou Niang! You are a real scholar of western civilization.
When I, many years ago, studied economy. The questions that he ask and answer is the exact questions I was having when reading my economy textbooks and listening to my professors. But I was never able to find the answers in either of those places. It was by leaving economics and studying history and politics that I, on my own, was able to find somewhat satisfying answers. Why I never heard about Dr. Michael Hudson untill now so many years later, is a cruel joke. Atleast better late then never I guess.
you are not alone, I absolutely loath / despise Donald Trump but now I think he would go down in history as the saviour of humanity, for he alone through his sanctioning of the world, has united everybody against the USD dollar hegemony leading to its destruction and therefore the end of US military dominance funded by the world through USD.
It’s probably your professors were not relating the economic history to the theories they taught at the time. Otherwise your understanding of economics would have been much better than with only economic history or only economic theories.
@@lzhfc5647 How many Professors have ever been Homeless before sharing insight about economics with growing minds?
What kind of perspective does a Human get from a support system that way too many are now alienated from?
My personal experiences at Berkeley in 1970, came from a perspective of the time period between the 1967 Currency Crisis, and the Nixon Administration administering Fiat Dollars to fix the economy.
The one thing that entered my mind while listening to this presentation is, "How to civilize Civilization."
You can't... You can try lol
To anyone who has just stumbled on this video, let me tell you why you’re here. You’re here because you know something.
What you know you can’t explain. But you feel it. You’ve felt it your entire life. That there’s something wrong with the world. You don’t know what it is but it’s there, like a splinter in your mind driving you mad. It is this feeling that has brought you here. Do you know what I’m talking about?
Michael Hudson has uncovered the TRUTH, and it's much bigger than most people's small minds can even imagine. It's a conspiracy that cuts across all nations, all epochs. It explains everything that happens to everyone everywhere, from the day they are born until the day they die. It is the grandest of conspiracies, in plain view, yet hidden.
Morpheus
The real issue here is not debt, but USURY. It is the sin that constitutes war against God.
That girl gets it… to get the bible right, we have to get the undelying economic views right.
CONTEXT IS EVERYTHING
The brother looks stunned by that biblical history he just received
This is honest real learning and education
What a great man. He went from being a banker to something much more important.
Thank you, Michael Hudson.
So many debates are obsolete within a generation I think this will be relevant for a long time as some humans will always aspire to profit from others
Great discussions. I’m not an economist, I’m a social worker. And I’m glad I lucked up on this discussion which was recommended in another comment section.
Interesting talk that makes sense of quite a lot of history and modern times (not wanting people to be self sufficient etc)...
Spread this knowledge far and wide !!!
The world is actually unfolding from the book of destiny...
You can know you can say this is ideal. But a comet ☄️ may just come through atmosphere and destroy everything... The world is in gods hands... Things happen
And what role did usury play in the debt? Who/what created the usury? Who benefited most from it? Who Ran the big banks and corporations that benefitted the from this?
The god of gold
1 Kings 11:4 For it was so, when Solomon was old, that his wives turned his heart after other gods; and his heart was not loyal to the Lord his God, as was the heart of his father David.
1 Kings 11:7 Then Solomon built a high place for Chemosh the abomination of Moab, on the hill that is east of Jerusalem, and for Molech the abomination of the people of Ammon.
Amos 5:26 You also carried Sikkuth your king
And Chiun, your idols,
The star of your gods,
Which you made for yourselves.
Acts 7:43 You also took up the tabernacle of Moloch,
And the star of your god Remphan,
Images which you made to worship;
And I will carry you away beyond Babylon.’
1 Kings 10:14 The weight of gold that came to Solomon yearly was six hundred and sixty-six talents of gold,
2 Chronicles 9:13 The weight of gold that came to Solomon yearly was six hundred and sixty-six talents of gold,
Rev 13:17-18 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name. Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.
Exodus 32:30-33 Now it came to pass on the next day that Moses said to the people, “You have committed a great sin. So now I will go up to the Lord; perhaps I can make atonement for your sin.” Then Moses returned to the Lord and said, “Oh, these people have committed a great sin, and have made for themselves a god of gold! Yet now, if You will forgive their sin-but if not, I pray, blot me out of Your book which You have written.” And the Lord said to Moses, “Whoever has sinned against Me, I will blot him out of My book.
Mark 11:15 So they came to Jerusalem. Then Jesus went into the temple and began to drive out those who bought and sold in the temple, and overturned the tables of the money changers and the seats of those who sold doves.
Luke 16:14 Now the Pharisees, who were lovers of money, also heard all these things, and they derided Him.
1 Timothy 6:10 For the love of money is a root of all kinds of evil, for which some have strayed from the faith in their greediness, and pierced themselves through with many sorrows.
2 Timothy 3:2 For men will be lovers of themselves, lovers of money, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy,
Ezekiel 18:13 If he has exacted usury Or taken increase- Shall he then live? He shall not live! If he has done any of these abominations, He shall surely die; His blood shall be upon him.
Ezekiel 22:12 In you they take bribes to shed blood; you take usury and increase; you have made profit from your neighbors by extortion, and have forgotten Me,” says the Lord God.
Matthew 6:24 “No one can serve two masters; for either he will hate the one and love the other, or else he will be loyal to the one and despise the other. You cannot serve God and mammon.
Isaiah 52:3 For thus says the Lord:
“You have sold yourselves for nothing,
And you shall be redeemed without money.”
czcams.com/video/Id6oS3L-D9A/video.html
Contracts used to be Equal, meaning noth sides knew everything, both sides had means to enforce, and limits were stated and agreed to. That's the way contracts work. Nowadays, whenever a contract doesn't allow one side to completely enslave the other party, people call it "communism".
Mike, we need you to advise the next corporate stooge in the whitehouse, i love all your books
Enlightening. Michael certainly knows his history. How do we treat Goldman Sachs like the Nazis? lol
“And the truth will set you free”
We live in days where even $100 in debt can turn to $5000 compound interest because of greed. Yet Rich people can get $100,000 maxed out credit cards with ease.
Michael Hudson I freeking LOVE YOU! NO SHIT!
What a panel.
Thanks so much for this.
48:50 No need to apologize for speaking better English than many (most?) who are born with it. Good speed, very understandable, correct grammar, rich vocabulary, sharp thinking. Thanks for being on that panel, and I'm hoping to hear more from you.
As someone who has been interested in history and especially the early part of "Human Civilization" in other words when we settled down into cities and towns. Marx argued the same thing in Capital and so have all socialists and derived from it communists. This system can't be maintained. It's to predator, it sucks out every bit of wealth from the poor towards the rich and compells us as the workers to extract more from our Planet. Our Planet and thereby Mother Nature are telling us to stop this crazyness and return or better reinvent our relations to one another and how we care for one another. Wonderful panel by the People's Forum NYC, I love how they build a movement and continue doing so based on community and a rejection of capitalism, Empire and concentrated power.
Love Dr Michael Hudson!
A discussion between Professor Hudson and Professor Richard Werner on Banking and Development will be fascinating.
Werner Economics YT
Debt cancelation will not save them this time, there is a new boss out there called respect!
Forgiveness is a euphemism: The lenders want their money back, from Govt. in stead of borrowers to lend at higher rates. DoD has a siphon hose into the US Treasury, Insurance got their hose in with Obama Care, Medical Industry, Pharma, why not student debt lenders, Universities? Of Course!!
Thank you all, very happy to have come across this tonight... I cancel all my debt. I will not pay
Great discussion, thank you for the video. US INC telling other countries that they can not grow their own food to support their people is a Multi- National Corporate over reach of biblical proportions. --
We are here with people who can no longer pay their mortgage if you dont believe you are a victim....
A new world record in saying ”ah” between every 3-4 words.
Lol I hate that
Would love to hear this group re-convene now as the BRICS alliance moves away from the worthless US federal reserve note (petro dollar) and making international settlements in gold/commodity backed currencies.
It will be painful but I hope the IS monetary system burns to the ground. It is evil and has foisted so much pain and suffering on the world.
My only concern is what relaxes it…
Yeah in the tensest Situations also, we can give a Smile 😃, there is light 🌄 when the discussion is Light⚡
Yeah I agree I hate the IMF and debt. That is why I never take on debt. Forgiving debt only makes sense to me as a way to install a new government. So unless you want go back to monarchy I rather not be forgiving debt every four to 8 years. Just imagine the interest rates. I say stop FIDC and if a bank does something dumb. let them fail. Banks are government employees in my opinion. If they can't fail they can't compete.
For the student loans, I think the Public ( & Republicans) would be happy if the interest were lowered to 1% (5x what banks are offering on deposits) and over time pay back the principal. To simply wipe out 10K when I have 76 cents in my bank account places me at a disadvantage - yet again.
Prof. Michael Hudson is the GOAT
The financial market is definitely the most awkward teenager with the wildest mood swings. No one should get on board unless you're prepared to crash and burn - and why having a strategy to take profits when they happen is key. since the third quarter of 2021, I've made about $460,000 in profit and i hope to get more. Its a generational building wealth for me
Congratulation. For me, when it comes to invsting, it can be very scary! With so many negative feelings and fear. I have $100,000 to invst, but it's hard to bite the bullet and do it. what if i lose all my money?
@@DanLeahfort That is why it is so important to understand markets with a new perception based on a statistical approach. Get a fiduciary-counselor. They can offer a wide range of risk appetite, help you avoid the mistakes they've made, and get the big picture of the area you're choosing to invst in.
@@GarrettDills Absolutely, Fiduciary-counselor have exclusive information and data paths that are not disclosed to the public.. I've made north of $260k in raw profits from Q2-Q3 of 2022 under the guidance of my Fiduciary-counselor KATHERINE DUFFY BURKE. I hope to get more
@@RachelBrinkmeier How can I count with Katherine, do you think she can help me, I live in Australia?
@@TeresaBrickle Just look up her full name on the internet. She is well known, so it shouldn't be difficult to find her website.
High inflation was historically another means to rebalance the balance sheets- ie, erase the massive debts/savings.
The Pastor speaking at 40:00 claiming to be a BIBLICAL Scholar needs schooling because her application of THE FIRST SHALL BE LAST has nothing to do with economics. It refers to something else entirely..
It seems a lot simpler to abandon Capital as a measure of Value?
It would erase Student debt.
Car Loans would be forgotten.
Repo Men would need to do something creative.
Bankers could become Farmers.
Sometimes debt is removed= forgiveness.
Sometimes debtors are removed= wrath of god.
I believe that we are about to experience both!! Looking forward to it! Justice is coming!
@@paul9120 it will be a warning cataclysm. Where even most of evil ones will say oh god lift this wrath we are believers now.. and god lifts it... But they come back later .so comes the wrath of eradication ...
@@paul9120 sins are the debt... When it reaches anger of god. The debt manifest as a wrath and fall upon people... As they say if you spit on the sky the sky falls back and hit your own face... So the sins. They never hurt or reach god. They just become the monster that consumes us.
Genesis 15:13 And he said unto Abram, Know of a surety that thy seed shall be a stranger in a land that is not theirs, and shall serve them; and they shall afflict them four hundred years;
Genesis 15:14 And also that nation, whom they shall serve, will I judge: and afterward shall they come out with great substance.
Genesis 15:15 And thou shalt go to thy fathers in peace; thou shalt be buried in a good old age.
Genesis 15:16 But in the fourth generation they shall come hither again: for the iniquity of the Amorites is not yet full.
Wisdom of Solomon 12:1 For thine incorruptible Spirit is in all things.
Wisdom of Solomon 12:2 Therefore chastenest thou them by little and little that offend, and warnest them by putting them in remembrance wherein they have offended, that leaving their wickedness they may believe on thee, O Lord.
Wisdom of Solomon 12:3 For it was thy will to destroy by the hands of our fathers both those old inhabitants of thy holy land,
Wisdom of Solomon 12:4 Whom thou hatedst for doing most odious works of witchcrafts, and wicked sacrifices;
Wisdom of Solomon 12:5 And also those merciless murderers of children, and devourers of man's flesh, and the feasts of blood,
Wisdom of Solomon 12:6 With their priests out of the midst of their idolatrous crew, and the parents, that killed with their own hands souls destitute of help:
Wisdom of Solomon 12:7 That the land, which thou esteemedst above all other, might receive a worthy colony of God's children.
Wisdom of Solomon 12:8 Nevertheless even those thou sparedst as men, and didst send wasps, forerunners of thine host, to destroy them by little and little.
Wisdom of Solomon 12:9 Not that thou wast unable to bring the ungodly under the hand of the righteous in battle, or to destroy them at once with cruel beasts, or with one rough word:
Wisdom of Solomon 12:10 But executing thy judgments upon them by little and little, thou gavest them place of repentance, not being ignorant that they were a naughty generation, and that their malice was bred in them, and that their cogitation would never be changed.
Wisdom of Solomon 12:11 For it was a cursed seed from the beginning; neither didst thou for fear of any man give them pardon for those things wherein they sinned.
Wisdom of Solomon 12:12 For who shall say, What hast thou done? or who shall withstand thy judgment? or who shall accuse thee for the nations that perish, whom thou made? or who shall come to stand against thee, to be revenged for the unrighteous men?
Wisdom of Solomon 12:13 For neither is there any God but thou that careth for all, to whom thou mightest shew that thy judgment is not unright.
Jeremiah 18:6 O house of Israel, cannot I do with you as this potter? saith the LORD. Behold, as the clay is in the potter's hand, so are ye in mine hand, O house of Israel.
Jeremiah 18:7 At what instant I shall speak concerning a nation, and concerning a kingdom, to pluck up, and to pull down, and to destroy it;
Jeremiah 18:8 If that nation, against whom I have pronounced, turn from their evil, I will repent of the evil that I thought to do unto them.
Jonah 3:10 And God saw their works, that they turned from their evil way; and God repented of the evil, that he had said that he would do unto them; and he did it not.
The debt will never be paid. There is 3 times more debt than money in the world. The actual money system must be abolished a.s.a.p. With every new credit, it creates more debt than money. There is today no mechanism to create more money than debt. All debt and money must be cancelled and a new, balanced money system must come in place: Sovereign Currency.
Michael Hudson. Economics RADICAL.
I find it curious that when Latin America owed us money accountability and self responsibility were the core principle of American philosophy, but now that we owe $35 trillion dollars suddenly debt forgiveness is discovered under every rock in archeology. Most curious indeed.
Very good! Thank you!
Excellent talk, thank you
So, if the banking System relies on biblical references, are Bankers Gods? or do they lose their Job, if they can't pay their debts? can i get a Get out of debt card from the Pope/Rabbi/Imam? Where are the options to escape materialistic slavery?
It went like this.... IMHO.... Temples/monasteries got free money via donations/money exchange from citizens... lots of free money.... priests/religious leaders became de facto bankers... the ones Jesus ejected from the Temple. It's really a battle between socialism and fascism. The same story going on in the 2020s right now. Debt forgiveness = adjustment via socialism (wealth redistribution) but Romans became FASCISTS... no debt forgiveness, privitize everything, charge high debt, make everybody debt slaves, as long as possible.... When the game ran out... they started The City Of London... new world banker..until US Fed Reserve Took over 1914.. and Washington DC is the military weapons supplier, in exchange for world "protection" from US Aggression. ... all lots of free money. All wars are bankster wars.. because the war targets are not in our monetary system and our monetary system wants them extinguished.. ex: Libya Kadafi's crime? Putting irrigation all over the dessert, without US World Bank funds.. Hillary knows that is not allowed, so she took care of it. Follow the money. 5K yrs history in 500 words or less.
@@dylannaenzo9737 Well written, but not what i was asking. thx anyway.
My biggest argument with Africans is that I don’t like them valuing commodities in dollars, it should be in a local currency!
I like watching adults get on their phone on stage while others are speaking, and this is where we are , we’ve lost out way so all that talk is futile
That was...Great!
Interesting concept
One sure way out of this debt morass is to give money a use-by -date. Then we can back it by wheat & barley as suggested by the Apocalyptist in Rev 6:6
SHARE as much of Michael Hudson as possible cuz the far right is V close to getting it & if we have a bipartisan effort we can wield power in much more powerful ways
fantastic!
FINALLY.... an explanation....next job is implementing THE SOLUTION....lets .HOPE it"s not too violent
We live in the false messiah days. There is an agenda going on... You think only problem solution... But in reality. Destiny is script unfolding... And the false messiah antichrist will rise and be killed by the true one... Great tribulations ... Bring all the solutions you can think of... But all are not men of honor and god, it's too complicated and it's not just about money. There is a satanic take over the system of life based on sin dept and wrath deserving used as a right to infest our reality by demonic rulers from djins and Satans and their hosts on our reality.and the way to fight that back is first of all a wrath to kill most of humanity. And the rest must repent correct and fight back this satanic antichrist and Jewish cabalists..and it will happen and the messiah second coming is all about that etc.
Hi what does Dr Hudson think of Bitcoin and why does he think what he thinks about Bitcoin in our modern world ?
Thank you ✌️
It's fine, but it's also a zero sum game, the amount of money put into bitcoin is all that you can get out of bitcoin. It doesn't produce anything, similar to normal money, but also doesn't inflate nearly as much. However, it is also decentralised, which makes it hard to control or stop transaction unless someone can find you seed phrase to your wallet, if it's in a exchange like coinbase, they can just tell coinbase to freeze your account.
It Is however, only around a half a trillion in total value, so it's not anywhere near as big as the US dollar, so it is a lot more likely to move in value more.
This was beyond amazing. I'm not into all this religious greatest lie ever told stuff, although very spiritual. The history lesson here is so enlightening, and appreciated. Thank you!
As another Crusade begins and we watch as lives are extinguisher to promote Usury, the concept of Moslem's banishment of Bankers and the Interest they live on, seems like a positive concept?
Were the Crusades aware that they were fighting to promote Usury, or simply seeking Saladin Gold?
This podcast should be required viewing by every American... but it never will be.
Great video, thanks. There's a typo in the title. "Debt-Cancellation"
How tragic that Wall Street never acted on the economics that benefits everyone.
This was well received and thanks for sharing your panel with us
We need to have another discussion like this but I would like you all to invite a Muslim scholar that has studied Islamic law...Because we are suffering under this system of government.
I'm back , get of my chair BOOM!
It starts at 4:30
I heard "social justice", saw NYC, no thanks, I'm out.
This channel is awesome
I would love to find Dr Liz at a sermon by Christopher Hedges ^^.
BRICS is working on a common currency. Now I get why? thank you.
I like the "um" lady. she has good "um" flow
sure enough, speculators like Paul Singer, hedgefond managers, Goldmann & Sachs and the like, should not be payed back at all.
paid not payed
Fascinating.
It was so brave of these people to sit on stage with a real Rancor! I'd be too scared to sit there for a whole panel!
1:17 free market means their is no debt forgiveness -- really ? why not
I can think of one example of what you are describing in modern times. It would seem to me that Cuba has lived up to the teaching of the Bible or, ancient texts.
fantastic
10:00 in and I may have reached my "uh" limit