Smoke and Mirrors of Corporate Buybacks Behind the Market Crash

[mother earth]

Published on Aug 25, 2015

Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy Global Economy, says the stock market crash on Monday has very little to do with China and all to do with short-termism and buybacks of corporations inflating their own stocks.

Transcripts:
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=14550

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Michael Hudson explains the latest "crash", as usual he lays it out so we can all understand. It may be the popular thing to blame China, but guess what? It's not them. As we've come to expect there's a lot of corruption via the banksters' & corporations' manipulations. We are not in recovery, we are in realization of how corrupt & phoney & enabled the whole damned system is. When fines instead of prison is all they face, who care about law?

[Hydra]

1. Our economy is pretty much hollowed out

I think we're witnessing Capitalism's last days...but they could be bloody ones.

[AuntPatsy]

2. Kicking

[Fred Sanders]

3. The theory that China shot itself in the back just to shoot America in the foot is childish blabber.

China is the latest in a long line of convienent scapegoats for the corporate GOP and corporate media for the crimes of corporate Wall Street.

[mother earth]

4. Absolutely. When we actually impose jail sentences, things will change up real quick. nt

[Dont call me Shirley]

8. And seize their property like we do with drug dealers.

[Spitfire of ATJ]

5. Most of the investor class are IDiOTS....

They are CONVINCED the entire market is going to collapse any minute. They are no better than the idiots preparing for the Great Zombie Apocalypse.

Brokers KNOW THIS and feed the fear causing panic selling so the insiders can scoop up the bargains. You are supposed to buy low, sell high. Instead, the IDIOTS sell low and then pat themselves on the back that they got out before it hit bottom.

Never mind that it goes back up in a week.

[mother earth]

7. The whole thing is completely controlled, if there were ever to be a crash, it would be what is

intended. When you own everything & everyone, the world is your oyster! All hail, the oligarchs, the masters of men & empire...

[Lodestar]

6. Love the tilted picture behind him....

the city is sliding off the wall. lol.

[blackspade]

9. Another book to add to my reading list....

K&R