Here top economist Michael Hudson explains what is now going on with the stock market. It isn't what you think. It's about the rich trying to get richer. But Michael believes that the less rich won't lose very much of their stock market savings (if well selected). This blogger, guided by Jim Rickards the author of Currency Wars and The Death of Money, believes that gold and silver perchased now will fly when the dollar crash comes. But be sure to buy the physical metal or else buy shares of outfits that are in control of a lot of these metals and haven't fallen into debt waiting for the crash, e.g., Royal Gold (RGLD) and Silver Wheaton (SLW).

---

Smoke and Mirrors of Corporate Buybacks Behind the Market Crash

Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy Global Economy, says the stock market crash on Monday has very little to do with China and all to do with shortermism and buybacks of corporations inflating their own stocks -   August 25, 2015

https://youtu.be/D0EPfMAYy1A

Bio                                                                                          Original here

Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of The Bubble and Beyond and Finance Capitalism and its Discontents. His most recent book is titled Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy.