FROM 2009: In this flashback to the Economics 101 series, Michel Chossudovsky of globalresearch.ca explains the circular mechanism by which the banks become creditors of the very government that is bailing them out and thus leverage financial power over the political system itself.

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Corbett Report Radio 133 with Guest Host Jon Rappoport
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Stefan Molyneux, host of Freedomain Radio, takes the helm for this special edition of the Corbett report! This show analyzes the major causes of the recent multi-billion-dollar loss at J.P. Morgan, discussing inflation, fiat currency, ridiculously low interest rates, the lessons of history, and the utter madness of expecting the Federal Government somehow promote fiscal responsibility in the financial sector! Freedomain Radio is the largest and most popular philosophy show on the web.
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