[GJM] Larouche -- interest-free loans for public capital -- Kucinich and the AMI

[Peter Hogwood]

Rodney, perhaps you didn't know that your favorite
economist--Michael Hudson--has been named "Chief
Economic Advisor to the Kucinich for President
campaign," as per this announcement by Hudson to the
Gang8 list:

"August 2, 2007 

"Re: [gang8] Financial 'Rescue' in Germany and Its
Implications 

"Dear James, 

"How indeed can one rescue a Ponzi scheme? The cost
becomes infinite thanks to the short doubling times
involved. All bailouts must fail in the end — but at
the cost of transferring property and future income
from the productive sector to the financial sector.
(The US Government is still calculating interest
mounting up on World War I’s Inter-Ally arms debts.)
The fact that the German banks got caught up is
especially ironic, because Germany has been freer than
any other country of a real estate bubble — thanks to
its tradition of group co-op housing. 

"I’m trying to introduce this line of analysis into
the US presidential campaign, as I’ve just been named
Chief Economic Advisor to the Kucinich for President
campaign. I’m putting together a group of economists
to draft a tax and financial plan that he’ll defend,
not only for this campaign but via his position on
Congressional Committees. I’ll ask him whether we can
appoint foreign economists to sign on as well. 

"Arno — don’t you think the article below, and James’s
points, would be interesting to Erik re his up-coming
conference on the financial crisis and housing? 

"Michael"





--- Rodney Shakespeare
<rodney.shakespeare1 at btinternet.com> wrote:

> Dear Steve,
> 
> 1.    Are you joking?   Kucinich follows Zarlenga? 
> Kucinich is behoven to Zarlenga because he married
> Zarlengas's researcher ? Purleez. 
[snipped]


       
____________________________________________________________________________________
Moody friends. Drama queens. Your life? Nope! - their life, your story. Play Sims Stories at Yahoo! Games.
http://sims.yahoo.com/