michael hudson he's written a new book about death another person who's written a book about is david graber and he's also looked at the situation going on in this relation and the absence of the understanding and imagination of the elites class the people who are supposed to be the intellectuals who are supposed to explain the situation to us of course what they are explaining they're blaming russia of course for the protest movement but here he's saying the yellow vests show how much the ground moves under our feet if one feature of the truly revolutionary moment is the complete failure of conventional categories to describe what's happening around us then that's a pretty good sign we're living in revolutionary times he goes into two explanations for what we're seeing there but the one i want to point to is the cantillon effect because he he sees that he sees what is going on in the france and then in the yellow vests is about they can tell in effect you and i have covered this and you've just touched on that which is the central banks printing money he said in a financial eyes economy onl

me back i've been waiting for this book for a while this is i see all the people the back there david graber and purdah for steve kean paul craig roberts are all raving about this and it's really a much needed book and especially in the holiday season you know let's talk i want to talk about chapter two here jesus is first sermon and the tradition of debt amnesty in the first reported sermon jesus delivered upon returning to his native nazareth. to school of zion and announce his mission to restore the year of our lord now until recently the meaning of this phrase was not recognized as referring officially to the jew believe year but breakthroughs in q form research and a key to the. come ron's scroll provide a direct link to that tradition this linkage provides the basis for understanding how early christianity emerged in an epoch so impoverished by debt and the threat of bondage that it was called the end times so now you've been doing research into cuniform you've been looking at the good the tradition of debt forgiveness we live in an era of the global debt four hundred percent debt to g

to talk about it on r t we've talked about it our guests like steve keen have talked about it david graber has talked about it but again since two thousand and eight governments have been pumping new money into the system which owing to the notorious control in effect has tended to accrue overwhelmingly to those who already hold financial assets and their technocratic allies and their professional managerial classes and france of course these are precisely the macro inus members of these classes feel they are the embodiment of any possible universalism their conceptions of the universal being firmly rooted in the market or increasingly that atrocious fusion of bureaucracy and market which is the reigning ideology of what's called the political center a fusion of of the markets with the government with the elite that's a corporatism which then in the one thirty's became fascism a more violent thing but here he points out that this universalism that they're they they they do feel some sort of divine. like that they are somehow better than everybody else because they're wealthy or that and th