Hudson and Keiser on 2012 Imperialism

to hear the 23-minute interview of Michael Hudson on the Max Keiser Show February 8, 2012, click on

http://michael-hudson.com/2012/01/hudson-keiser-on-2012-imperialism/

"Banking Wasn't Meant to be Like This"

January 27, 2012By Michael Hudson

What will their future be – and what is the government’s proper financial role?
As published in the Frankfurter Allgemeine Zeitung.

The inherently symbiotic relationship between banks and governments recently has been reversed. In medieval times, wealthy bankers lent to kings and princes as their major customers. But now it is the banks that are needy, relying on governments for funding – capped by the post-2008 bailouts to save them from going bankrupt from their bad private-sector loans and gambles.