Why do they need lobbyists when they’ve price fixing and debt deflation?

Massive bonuses being paid at the top of the financial sector and massive donations are being made to the Conservatives by the financial sector.  The global markets are rigged, with credit/low interest rates ensuring that the redistribution of wealth flows steadily upward and offshore. Max Keiser, Stacy Herbert and Michael Hudson explain:

Keiser Report: Whimsical Price Tyranny (E446)

Published on May 18, 2013

In this episode of the Keiser Report, Max Keiser and Stacy Herbert examine stories about those who, using spoof trades, bogus securities and fictitious capital, steal real wealth and income. They discuss how it is that every benchmark index is rigged and introduce the concept of the ‘bonus benchmark.’ In the second half, Max talks to Dr. Michael Hudson, author of The Bubble and Beyond, about debt and wage deflation and about the intersection of interest rates and wages going back to David Ricardo when wages were measured against the price of bread to today when they are measured against the price of debt.

Why do the 1% need lobbyists?  Because, in the absence of regulation, the impetus for capitalism is rampant exploitation to exhaustion, in the relentless accumulation of wealth.  Like over-parasitism, the 1% are killing the hosts that feed them.

Michael Hudson and Max Keiser: Fictitious Capital explained

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Max Keiser: fictitious capital with Michael Hudson – Professor Michael Hudson interviewed by Max Keiser about his new book ‘Bubble and Beyond’.

Published on Jul 28, 2012 by 

In this edition of the show Max interviews Michael Hudson from Michael-Hudson.com. He talks about the fictitious capital; what it is? And who is pushing it? Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971).