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January 4, 2020 60 mins

Economist Richard Wolff joins Thom with a look at the propping up of the American economy on the brink of a war Donald Trump has deliberately cultivated.

As thousands of troops are deployed to the Persian Gulf, are we watching another Archduke Ferdinand situation unfolding? Thom thinks we are heading towards a bi-polar world, with Iran, Russian, and China on one side, and America, Saudi Arabia, and Israel on the other, as well as possibly Europe. How could this relate to the Fed propping up the economy and the long withheld consequences of bailing out the world economy is 2008? Even though the constitution says that only Congress may declare war, will Trump use these crises to become something like a king?

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