U.S. DECLINE - Massive Bank Crashes, Economic Downturn Accelerates (Part 1)

U.S. DECLINE - Massive Bank Crashes, Economic Downturn Accelerates (Part 1)

July 12, 2024

U.S. IMPERIALISM - FOLLOW THE MONEY

Lena Petrova

Professor Richard Wolff

In the interview, we discuss a rapid decline in the U.S. economy and reasons for a looming banking crisis. Professor Wolff points to the Fed's plan to prepare for an economic crisis while misrepresenting the data to the public. Professor Wolff concludes that even though it is clear that the United States will face a severe banking crisis and bank consolidations, the "plan" is to let it collapse in hopes of a government bailout.

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City.

Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne). Wolff was also regular lecturer at the Brecht Forum in New York City.

Prof. Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update.

Watch Part 2 here: https://youtu.be/JnQMKIdHYqU

Connect with Prof. Richard D. Wolff:
https://x.com/profwolff
YouTube: https://www.youtube.com/@RichardDWolff
https://www.rdwolff.com

Original: https://youtu.be/o3Vj0pixvWA

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