Today welcome back Prof Steve Keen to discuss the failing financial system. Global central banks are once again having to restart QE & bail everyone out as the debt based monetary system collapses yet again. Nothing has been fixed since the 2008 global financial crisis. So what have governments, central banks & retail banks got wrong? Why are they ignoring the impending debt crisis & unfunded liabilities? What does the future has in store for developed economies who continue to paper over these cracks with larger rounds of stimulus, bail outs & money printing? Mainstream economists continue to ignore the roll of banks, debt & money in the economy & they wonder why they can't predict yet another financial crisis.
https://twitter.com/ProfSteveKeen
https://patreon.com/ProfSteveKeen
Richard Vague: https://www.amazon.com/Brief-History-Doom-Financial-Foundation/dp/B07WT5YZB7/
Michael Hudson: https://www.amazon.com/forgive-them-their-debts-Foreclosure-ebook/dp/B07QGFZ7DW/
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Date of Recording: 24th April 2020
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❗ DISCLAIMER ❗ Alex Saunders is not a Financial Adviser. All opinions expressed by Alex Saunders or his guests in this video are for informational purposes only and should not be treated as investment or financial advice of any kind. Any information provided during the video is general in nature and does not take into account the viewers specific circumstances. Nugget’s News and its individual team members are not liable to the viewer or any other party, for the viewer’s use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances.
The viewer should always:
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2. Never invest more than they are willing to lose,
3. Obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.
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