Finance
Finance is a term broadly describing the study and system of money, investments, and other financial instruments.
The history of finance and financial activities dates back to the dawn of civilization. Banks and interest-bearing loans existed as early as 3000 BC. Coins were being circulated as early as 1000 BC.
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Robinson Erhardt
Michael Hudson: Debt, Economic Collapse, and the End of Civilization
Aug 11, 2024 – Michael Hudson is Distinguished Research Professor of Economics at the University of Missouri, Kansas City and President of the Institute for the Study of Long-Term Economic Trends. He researches domestic and international finance, the history of economics, and the role of debt in shaping class stratification, among many other topics. This is Michael’s third appearance on the show. He was also a guest on episode 180, where he and Robinson discussed neoliberalism, industrial capitalism, and the rentier economy, and on episode 198, where they discussed Marxism, economic parasites, and contemporary debt cancellation. In this episode, Michael and Robinson talk about the history of debt cancellation in the ancient world—including Babylon, Greece, and Rome—how they helped to stave off economic collapse, how the failure to implement them contributed to the demise of these civilizations, and how they might be used in today’s economies. Michael’s most recent book is Temples of Enterprise (ISLET, 2024). This episode was recorded at Austin’s Ale House in Kew Gardens, Queens, New York, and comes highly recommended.
Stansberry Research
It’s One Giant Controlled System with Distorted Monetary Policies, EB Tucker Goes Off on the Fed
Aug 2, 2021 – The Federal Reserve will try everything possible to not raise rates says E.B. Tucker, author of “Why Gold, Why Now.” Their recent action in the repo market is another defense mechanism to keep the U.S. dollar as the reserve currency.
“This is a severe drug addiction, they have “financialized” the economy,” Tucker told our Daniela Cambone.
The debt ceiling will keep growing, it’s a “severe drug addiction” that will never stop, he said. “People are holding onto a notion that the Fed is here to help you; they only want to help themselves” he added.