Michael Hudson On Why US Debt Problem Is Ficticious (and Why Peter Schiff Is Wrong)

Ok, let me start out by saying that I’m no fan of Michael Hudson – in fact, I think hes a kook. However, he makes one very salient point in this interview – that is there is NO US debt issue or funding crisis. Contrary to what you whiners think, the Chinese are the ones clamouring to buy US debt for investment and they are the real serfs to the US and the American dollar. The rest of this interview is kookery – but he does make this one very important point and for that he needs to be commended. The other statement I want to make is that if someone makes a correct and/or informative observation or statement, I will state it is so and air it, despite what I think of this individual otherwise. I am not a fan of either Max Keiser, William K. Black nor Michael Hudson (in fact, if you look at my postings, I dislike all of them) but they have all recently done interviews or made comments which I feel are relevant and insightful, and therefore need to be posted. Having said this, Peter Schiff is the ONLY person (apart from Gerald Celente and a few select others maybe) whom I haven’t heard ONE correct statement / prediction etc. from. He is the possibly the worst misinformation disseminator in the world today, largely due to pure ignorance, stupidity and insanity. This guy is truly a Category 6 idiot. .