I appear at the 12 minute mark. Max Keiser focuses on the global property ponzi game. The UK housing policy ‘Help to Buy’ – a 15% underwriting of loans under £600,000 is a technique to re-inflate land prices. A 15% rise will bail out the bad loans UK banks have made. Meanwhile the tax dodging continues globally as property speculation is ignored.
Michael Hudson
On finance, real estate and the powers of neoliberalism
