The ones who paid for it in fact it was the work because there was a foreign income going to the workers now look at the Empirical Data thats whats happened as well the rausing level of profit did it has meant more money going to bankers list going to work because and capital is feeding in the middle how come this issue is so misunderstood by the democrats they dont they seem to be financially illiterate and this idea do we need billionaires should be really really phrased as where to billionaires come from other words how do you get billionaires thats right and it seems like theres a lot of area to examine in the Banking System in the central banking just im where they seem to have engineers if you well using what in economics is called the cantillon effect where central bank prince billions hundreds of billions and somehow it never circulates in the economy and it goes to the same peoples pockets all the time so word of billionaire is comparable to the question one way billionaires c
A private cryptocurrency a global basis is good with the future of medium of exchange and stores of value around the world. You know as well as a doctor living in Interesting Times someone once called it the age of rage because we have global unrest and global protests that are all stemming from bad years and years of bad Monetary Policy collapsing currency and financial inequality as actually summarized earlier so this created the perfect storm for just a huge disruptor like big point to emerge as an equalizer for all the citizens who are being affected so when theres unrest when there is uncertainty people want to regain some lengths of control and crypto is the big equalizer here and something that happened really recently was malaysia last week the u. S. Told malaysia that any iran ian citizens cannot have a bank how you go out and close all the Bank Accounts. Well how is that fair this isnt targeted theyre not targeting any Government Entities this isnt targeting any terrorist fin
To discuss the fate of the worlds most popular. And well we didnt look at the positive growth of cryptocurrency not everyone is on board while in singapore because he spoke of the best are an author jim rogers to discuss his skepticism over the growing class. Thanks for being with us today a lot to get to so we begin here. Over the span of the past 2 years we have seen turmoil gripped several parts of the globe from hong kong where months of unrest have shaken what was a previously financial haven in east asia to iran and venezuela worse asians have taken a toll on the economies of those nations and because of the rise of the upheaval in those countries weve also seen a boom in big coin mining and the use of crypto currencies in order to circumvent Financial Issues Jeffrey Tucker of the American Institute of Economic Research and christy i recently joined bridger born ceremony as they are going to analyze how global unrest may have been beneficial for a growing cryptocurrency sector. Y
System and put in question whether or not we really own our deposits we need some independence or of wealth and i think because as is becoming the big question another crypto currency is also you mentioned venezuela there are many many different cryptocurrency that are being used there are now thousands of them and theyre all fungible one with another each other its a Wonderful Technology and and i personally believe Something Like a private cryptocurrency a global basis is good with the future of medium of exchange and for value around the world. As well as a doctor living in Interesting Times someone once called it the age of rage because we have global unrest and global protests that are all stemming from bad years and years of bad Monetary Policy collapsing currency and financial inequality as actually summarized earlier so this created the perfect storm for just a. Huge disruptor like bitcoin to emerge as an equalizer for all the citizens who are being affected so when theres unre
From running 2028 with me max kaiser and Stacy Herbert as we look ahead to all the excitement of the 2020 elections every episode we dig deep into something new this time were going to look at the wealth tax stacy thats right were looking at all the economic policies being presented by the Democratic Candidates many of them are very radical Bernie Sanders says billionaires should not exist and to find out whether or not they should we have a guest with us dr Michael Hudson and professor steve keen steve well start with you 1st well i have a very complicated position on this because part of my research is in to. Whats called the financial instability hypothesis that explains where the 2008 crosses came from out of that part of what i discovered from the Mathematical Modeling i did was this is a simple relationship between increasing level of private debt and a full name out of money going to work because as you have a rising level of debt which is what led to a crossroads that rising le