leaders what chance do we have of escaping rule by financial all of our heat we'll talk to dr michael hudson about it and i'm back obviously from the world economic forum my return to davos woman hardly one thing is for sure i never have to rely on this trespass ever again to get anywhere or to get rejected from anywhere i still have badge p.t.s.d. i'm still suffering but i will debrief you on my experience let's get to today's capital account. all right it's good to be back i just want to say dimitri did a great job filling in and i'm so happy to come back and do this show because coming back from davos i realize how much there is to talk about that is left out of the mainstream conversation for example getting to today's guest michael hudson he recently quotes joseph stiglitz nobel prize winning economist in his latest article in this article talking about the u.s. government's vast transfer of money and public debt to the banks as a privatizing of gains and the socializing of losses it is a partnership in which one partner robs the other now this is the kind of thing we hear and talk abou

to talk about the kleptocracy we're going to talk about the best of the financial system with michael hudson so people are going to miss it all right it sounds like a lot i'm sure you're also going to touch upon that meeting that kicked off today in brussels with what's going on in the eurozone certainly lots to think about and talk about as we watch all of these countries try to stick together and find some common ground lauren thanks so much for us that will do it though for more on the stories we covered go to our team dot com slash usa or youtube dot com slash r t america. a soulless substance. a touch like a well trained army. villages in ruins. thailand where time stands still. all becomes a scene of nothingness. the mysterious sons of russia. are chasing. wealthy british style. time to. find. markets why not come to. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into kinds a report on r g g . good afternoon happy monday and welcome to capital account i'm lauren lyster here in washington d.c. ha

talk about that is left out of the mainstream conversation for example getting to today's guest michael hudson he recently quotes joseph stiglitz nobel prize winning economist in his latest article in hudson's latest article talking about the u.s. government's vast transfer of money and public debt to the banks as a privatizing of gains and the socializing of losses it is a partnership in which one partner robs the other now this is the kind of thing we hear and talk about all the time but why does it seem to be falling on deaf ears i was just at davos i watched bank c.e.o.'s defend their practices and the form of capitalism that continues to pad their pockets with cheap cash courtesy of zero percent interest rates set by the fed with interest paid on excess reserves mind you which they keep at the fed we heard this. policy too. yeah i bet you will jamie dimon i'm sure you're happy to leave that up to the fed brian moynihan too he's c.e.o. of bank of america said boom bust cycles are just part of the capitalist system this is just what we have to deal with meanwhile there continue to be protes

listening to mainstream economists all last week and davos i really appreciate it as always dr michael hudson. all right so now that i'm back from davos i just want to say first thank you so much to our viewers and to the twitter community and to guests like jim rickards and ed harris and max kaiser and stacy herbert who were so super supportive of the coverage and my trials and tribulations at the world economic forum now if you watched our show or read my tweets you know about the experience but this was my first davos so i did want to kind of debrief you on my biggest takeaways on a personal level now before this i had only really read about davos and learned about it from a chapter about davos and superclass which is a really great book by david rothkopf which jim records actually recommended to me which gave this really good kind of insider e. account so i don't know what i was expecting but i think davos is probably completely different based on who you are and what bad you have and so i can really only speak for myself i'm not trying to characterize the whole thing i'm not trying to pa

hudson won the oscar for it. it is on stage at dominion. we have this morning ania neville with us and john michael de havilland. i practiced it in the break. i still messed it up. >> thanks for having us. >> this is a big challenge. this is a very well-known musical. were there things you had to worry about as you prepared? >> finding the people, the talent. >> because it was a really strong performance by jennifer hudson. >> absolutely. >> we have song, dance, music. when people start to try to sample it, what are they saying so far? >> they love it. >> yeah, it is a story that i think people can relate to because it has heroes and heroins in it. >> everybody is familiar with the music. everybody is very familiar with the movie and the wonderful performance that jennifer hudson and that all-star cast put on. everybody is listening to it. >> so, now as you try to cast something like this, which i would imagine you said was a challenge, do you also try to find a way to put your starch on it? people say i have a chance to see it? >> i put my starch on it in terms of -- it is more about how one thing