🚨US DECLINE: Massive Bank Crashes, Economic Downturn Accelerates | Prof. Richard Wolff (Part 1)

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.

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.

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Disclamer:
The information provided on this channel should not be construed or relied on as professional advice for any specific fact or circumstance. This channel and its content are designed for entertainment and information purposes only. The content available is created to provide a general overview of a topic and is not a substitute for professional services. Always seek the advice of a finance or a legal professional that would take into account your specific circumstances. Opinions expressed are solely my own. Only publicly available information has been used.

[dbplkdz]

Of all the shows and videos that I watch on television or on the computer, yours is one of the few where I see the host allowing the guest speak without interrupting or contradicting them. This is so professional. At the end of your videos, I feel that I have engaged in the conversation and have learned a lot. Really well done Lena. Thank you so much!

[feriateam]

Banks should not be Bailed Out by Tax Payers... a Failed Bank should be Closed and then allow other Banks to fill the Void.

[MrDayinthepark]

It's fascinating, when Richard Wolff explains, there are no ambiguities, there are no obfuscations, it's all crystal clear. No wonder he's nowhere to be found on the mainstream media.

[guycossettecossette]

After 4 bailouts since 1980 , well informed people are sick and tired of those banksters

[VikingVigy]

Dear Professor Wolff, I never heard a more clear, cohesive and summarizing explanation of the current economic and political situation in the world, and that in plain language !! Excellent.
Greetings from Germany.

[JessicaKeith-ujjq]

The distress for banks was a farce; what we have experienced in the past 2 years is a result of a system that has worked incredibly well. The Fed just had to tighten credit to cool the economy.

[dfar]

Over here in the UK whenever the interest rates or inflation are mentioned on the BBC website, there is a scurry of comments claiming the UK is being run badly and we should look at the USA as an example because the USA is doing so well. 🤣

[titusphilip]

i can't understand what is happening to american economy until professor wolff explained it very clearly. best professor in the world.

[ywloxbz]

We need more clever people like prof. Wolff and Lena. Thank you for the interview!

[JT-bgkz]

The last time you had Prof. Wolff on was, in my opinion, your best and most insightful interview to date. Glad you brought him back to talk about this banking issue that is barely getting attention.

[AustinStarr]

How someone can be as beautiful, brilliant and gracias as you are Lena gives me hope for the future of the planet. And Professor Wolff is a treasure in every way. I’ve learned so much from the two of you. Thank you!

[danielhutchinson]

The Professor is accurate about his assessment of where the actual problems in America appear to be located.
I have been paying attention to his comments for Years.
He began Teaching as I studied Economics .

The apparent end of the line appears to be approaching,
and we need to test the Brakes,
before we go over the Economic

[CPR_]

Buckle up it's going to get crazy

[theo]

A lot of people hate the professor for speaking the truth while I can listen to him all day long

[gregkahele]

I can't wait for Part 2 of the interview with Prof. Wolff. I wish I had a Professor like him when I studied at Notre Dame.

[LeeWilliams-ouhi]

Love this real news reporting - Thank you.

[pmscalisi]

The clowns in Washington DC should all lose their jobs. They lie, lie, lie.

[ewehcop]

First time I heard a host did not interrupt her guest.

[patriceesela]

Another great lecture by the professor, thanks for having him on again, Ms Petrova

[thesmallnotesduo]

Wake up - these banks are not failing; they are doing EXACTLY what was planned for them. Failure is not an option, it's the goal.