Prof. Steve Keen: Has Bank Lending Shuddered To A Halt? + CO2 Tracking | Nucleus Investment Insights

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Nucleus Wealth is an Australian Investment & Superannuation manager that can help you reach your financial goals through transparent, low-cost, ethically tailored active and passive portfolios.
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Steve Keen made a name for himself challenging conventional economic wisdom.
In particular, Steve has a focus on how money creation works in the real world, which is very different from how it worked in conventional economic models.
For this reason, given the recent banking issues in the US and the dramatic slowdown in credit creation that we are seeing around the world, we thought we should check in to see what Steve is seeing.
Secondly, Steve is just about to release a new carbon report, and we wanted to dig into its finding and what the investment implications are.
Join us in this week's podcast as Nucleus Wealth's Chief Investment Officer Damien Klassen, Chief Operating Officer Shelley George and Professor Steve Keen dig into this topic.
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The information on this podcast contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Damien Klassen is an authorised representative of Nucleus Wealth Management. Nucleus Wealth is a business name of Nucleus Wealth Management Pty Ltd (ABN 54 614 386 266 ) and is a Corporate Authorised Representative of Nucleus Advice Pty Ltd - AFSL 515796
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Chapters
00:00 - Intro
45:42 - Questions from viewers - How does the world get out of this debt bubble without crashing the world economy?
55:37 - Questions from viewers - How do we start to lobby for change? Where do we start?
58:07 - Questions from viewers - Where they've come from now yeah would it have receded without any intervention from central banks on interest rates?
59:46 - Questions from viewers - What other ways have we got to get the worker population of the economy increased?

Опубликовано:

28 июн 2024

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Комментарии : 15

@wasabinator 11 месяцев назад

Always a pleasure to have Steve Keen on!

@thingformob 11 месяцев назад

Steve's comments on focusing on the large impact of climate change makes alot of sense. Eg. Canadian wildfire. 25 million acres burnt so far. Damage to oil and gas infrastructure affecting oil price, forestry, tourism, air travel and damaging widespread health consequences for Canada and some of North America. Southern Europe also has wildfires. The 4 hottest days on record have been this year. Obviously it significant effects on economies.

@thomasd2444 10 месяцев назад

54:50 - My favorite example of that was , I set up a guy from what's called the productivity commission . He didn't realize this . He spoke in front of employers & unions for the food processing industry . And they ripped shreds off him . And he was in total shock . And then , at a bar later , I sat down [with him] , just feeling sorry for the guy . And he finally said to me , "Look , you're an economist . Help me convert those people."

@davidwilkie9551 6 месяцев назад

First Principle Observation and analysis of historical cycles shows how the MMT Provisioning strategies progress from simple mixed farming to military empire, to piratical colonies and military industrial complex predation on the home population after they have been herded into a false sense of insecurity by judicious betrayal of government promises to underpin civil transactions required to operate the economy.., ie it's self-defining consistency in cyclic destruction for privatisation profits, Control Fraud, ungoverned criminal degeneracy by stages of militarized corruption lost in Orwellian language. It's in our nature.

@matthewvirth 11 месяцев назад

Great content :)

@thingformob 11 месяцев назад

Question: I'm interested to know whether a CBDC can acheive the benefits that modern monetary theory proposes. ( Noting I'm not a fan of the centeral control and lack of privacy of a CBDC and don't know if MMT can work)

@SCplayer1000 11 месяцев назад

IMO, CBDC's will achieve whatever the fascist government in power says it achieves when coupled with dis-miss-information laws about to send us all on a path to 1984

@thomasd2444 10 месяцев назад

Breathe. Your Mind-set requires NEW focus edited MON 14 AUG 2023 @ 17 : 06 hrs (GMT + 5) away from Post WW2 Austerity Taking Governments toward Abundant governments Affordable-Providing & Affordable-Maintaining Governments Admit it, sounds oxymoronic as you read it Covid-19 required most Decision-making paid workers & Decision-following paid workers in For-Money-Profit firms to stop working in physically-close work stations in order to prevent person-to-person virus transmission . Had each person in a country a Central Bank Account, then their need for paid work to live could have Provided & Maintains by their Currency-Source-Government which could have hired them to work in ways which kept them both physically distant & digital-socially connected : Hired as Emergency Decision-following Public Health Employees Next BIG EVENT : EMERGENCY CLIMATE PRESERVATION DECISION-FOLLOWING PAID WORKERS

@davidbarry6900 11 месяцев назад

Would a mass debt relief through governments giving everyone money (earmarked for repayment of private debts) have any inflationary effects? Banks make their money from debts of others. If most private debt is suddenly paid off, bank profitability would immediately drop (at least on paper), although their systemic risk would ALSO drop. Wouldn't they just invent new ways to try increase their profits again?

@thomasd2444 10 месяцев назад

Thank you for your concern for the living-wage workers employed in all departments of all For-Money-Profit Lending firms. Think "New Bank" excited to make a "FIRST LOAN" as a post Jubilee event. Firms which earn profit lending money can, again, lend when those who need to borrow for productive reasons are, again, able

@thomasd2444 10 месяцев назад

54:40 - But once it's [ fictional, neoclassical , economic teaching is learned & stored in ] there , the people who push this stuff -- & these are my fellow economists ; & most of them are nice people ; they're not doing it for the money -- they do it because they believe in it .

@thomasd2444 10 месяцев назад

50:17 - Mainstream schools of economics which are taught today in accredited higher EDU institutions are _________ NEVER going to produce a NEW [or ACCURATE , REALISTIC] school of economic knowing 50:40 - Why is that , Steve ?