US coronavirus 'bailout' scam is $6 trillion giveaway to Wall St - Economist Michael Hudson explains

Apr 20, 2020

Facing the Covid-19 pandemic, the US Congress rammed through the CARES Act — which economist Michael Hudson explains is not a "bailout" but a massive, $6 trillion giveaway to Wall Street, banks, large corporations, and stockholders.

Max Blumenthal and Ben Norton discuss the systemic financial scam with Hudson, who shows how the economy actually works, with the Federal Reserve printing money so rich elites don't lose their investments.

VIDEO: youtube.com/watch?v=N-8m5fBbLgQ

TRANSCRIPT: moderaterebels.com/transcript-us-coronavirus-bailout-michael-hudson

PART 1 OF 2

Part 2: "How the US makes countries pay for its wars: Economics of American imperialism with Michael Hudson"

Michael Hudson's website: michael-hudson.com

(Interview recorded on April 13, 2020)