Debt deflation-On the Edge with Max Keiser-07-08-2011
In this edition of On the Edge, Max Keiser interviews Steve Keen, economist and author of the book Debunking Economics.
He says that debts have spiraled out of control and the reason is shadow banking system. The program touches on the correlation between the US-EU debt crisis and the worsening Greek economy.
Michael Hudson: “Debts that can’t be paid, won’t be paid.”