S2 Ep49. The Financial Crisis part A. The Crisis of our Times. Part 22.

Firstly. some key terminology is explained, such as Financialization, Quantitative Easing, Moral Hazard, Price discovery, Gosbankification, Zombies, Gales of Creative Destruction, The Danger of Debt.

Secondly, a coherent narrative is given that is comprehensible to non-specialists concerning the recent history and likely future development of this financial crisis. It will also be of interest to those who have had a training in economics and finance since much of this does not prepare for this financial crisis at all.

Finally, this episode explores the emerging role of Central Bank Digital Currencies which will be key to reshaping the world financial order in the immediate future.