63000000000. 00 in just 2005 joining us to discuss this dr Michael Hudson professor steve kean and randy roller professor steve keen of course you talk a lot about debt and in fact increase the rate of increase of debt what do you think of that number 363000000000. 00 in outstanding Student Loans in 20051. 6 trillion today doubling every 2 years which is a huge right of growth that simply cant be sustained indefinitely and thats whether by the students themselves coming on board well by the windows its a huge increase in the private debt load on the economy and its falling on the people who are in the least money and its setting them out for being on a able to participate in the rest of the economy life which is also driven by did so i think is one form of it is going to basically a. Student debt is going to make it impossible to keep posting Household Debt so the Financial Sector is eating itself im so old i remember the 2008 fine. Cry out and if you recall the sub prime debt bubble u
A long while to come to worlds apart 17 years ago de walt was convulsing with protest against the war in iraq one even sat a Guinness World record for the largest on to war rally ever but now theres 3000000 in drone nor the over 13000000 protesting across the globe could stall the Bush Administration from launching Operation Iraqi freedom which would lock up the country in fratricidal violence for years to calm whats really take for iraq to recover from at all to discuss that im now joined by a far higher. Chairman of the Iraq Advisory Council and a former political advisor to iraqi president s mr aldrin its so good to talk to you thank you very much for your time. Thank you for having me now next month as you just heard me mention will mark the 70th anniversary of the Bush Administrations decision to invade your country on false pretenses and while nobody these days there is to defend the rationale for that why i think there is still a discussion going on about whether the american in
Dares thinks. We dare to ask. Because. In dublin the Campaign Group justice for the forgotten had for years been demanding a Public Inquiry into the dublin amman bombings. It still took 7 years for the Irish Government 6 years after the iras 994. 00 cease fire to agree to a strict form of inquiry under Justice Henry barr on the inquiry found in his own careful words and despite london refusing to cooperate with the inquiry that the case for collusion was neither fanciful nor absurd. Crucially however for the families bereaved by other gun on murders north of the border foreign published a full appendix listing the ballistic links between other key attacks. After publication of the foreign reports it became obvious still so that there was still no response from the state. Very serious allegations of criminality were not called investigated but there was going to be no response so. We decided that we should respond we should bring people in and theyre National Figures so we approached a
This last. In the mob days last night a lot of us went on. And i thought oh no was it the most 9 that might have been that guns out oceanus the one outfit i hate when i had laid. Any auto with the hospital and. That i have it also yeah henry she had always known i think i hope when i. Now get on one of that one that if went. On out there. On the field. Or as mo creek if the. School. Well well as if it were the. Out of either hooda she did hold off on the show to some form of a little. Blossom anonymized than any a. Bit about why they havent had the will have a good watch. And bomb were not going to any like that at a onesie oh not. That i would rather have been at school but if there were no name of the one that had the. Kind i dont want to go have the most and if. Some of us have that and also know that that is at all the norm. So. Much as saw stuff those are just alluding to. Just marking the end of moon up. Usually i know. Because. I finally. Had to tell you and you know. Who are. O
It impossible to keep posting household that so the Financial Sector is eating itself im so old i remember the 2008 financial crisis and if you recall the sub prime debt bubble up and we have this global meltdown the student debt is already bigger than the subprime debt bubble. That was about an on trillion dollars when you look at it went from 6. 00 to 9. 00 on trillion between about 22000. 00 and fog so were not talking the same sky loving christian debt were talking they did go on turning in income and then when they graduate theyre graduating move off what about 100000. 00 u. S. Dollars is a level of debt the average is 30000. 00 and in fact its non dischargeable prior to the what happened with the subprime crisis was people could do the jingle mail and walk away students can never walk away from this almost all of it is essentially owed to the government so the government owns you anyway and you cant escape it you cant just jingle mail away from the u. S. Government 30000 is this