The Future Of Financial Repression | Helen Thompson 

Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place.

all these perspectives run under the assumption that there is Always access to Oil; how long will those thermoelectric generators operate without fuel, either because there isn't enough or no one wants to sell to you?

The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

Thank you for the great substantive content today ( especially after having to endure the fluff of the episode with Mark Yusko, lol )

The way to end inflation is to end the counterfeiting. If there was only $100 in existence and there was only 1 thing to buy with it, it would cost $100. If you printed another $100 and there was still only 1 item to buy with it, the item would cost $200. Money creation without product creation is inflation. Make investments to survive.

Mr.Farley looks awesome with glasses. From genius to uber-genius. 🔥

The sheer mount of spam comments is intolerable. RU-vid, fix this insanity!!

Quality interview, thank you both.

Great guest, thank you!

more of this lady please

Thank you both, great interview and elucidation 🏏.

Great interview.

Great interview. Helen really sounds knowledgeable about how all this works. With the idea of a hitting debt limit in the US, that all has to do with cash flows. Imagine most of the money paid on US interest is going to long term debt holders with aim to endlessly accumulate more capital. They can move that money to other investments, but it generally stays in the financial space. In such a situation, the point of hitting a debt limit could be pushed out much longer than you would think, especially as the holders of such debt have no interest in breaking the system which would effectively destroy those financial claims. The biggest danger IMO is that we stop building things out of fear of rising debt levels, creating a deflationary spiral which leads to mass bankruptcy. If the US is like a zombie corporation, it can be an ongoing concern as long as it keeps building and producing things; laying off too much staff to cut costs would kill such a company if it makes revenues plunge.

Great Insight from Helen! Federal reserve has a trickle down effect that changes economies at scale for other countries. sad what is taking place

Thank you Helen and Blockworks Macro for having her. This was great, I hope to see more of her.

Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank

Love Helen's insights into politics and history. Great to see both of you in the same video. Highly recommend her book.

I would like to this lady on with Doomberg. She seems very knowledgeable and well spoken as one would hope giving the fancy academic title. I'm only on the nuclear bit so waiting for the more interesting topics.

very interesting guest

She’s good

The point about the UK pension system being the trigger that forced gov spending limitations (at least at the time) makes me think social program spending will be the bell-weather. In the US the Medicare trust is scheduled to run out in 2027 for example.

HT is very articulate and knowledgeable. However, she never mentioned the effect of the US switch from LIBOR to SOFR on 6-30-23 and didn't comment on the deindustrialization of Germany.

true; it took the world a few decades to move away from the pound sterling when It was the global reserve currency, so it stands to reason that de-dollarization will occur over the next decade or two, considering our modern electronic economies

Green movement was a Soviet Intel Op.

What is the cost of cleanup of nuclear power ie: Fukushima, Chernobyl, Three Mile Island and many other sites.? What is the cost of nuclear waste storage for 100’s of centuries? There is no way Nuclear is low carbon option or cost effective.

Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $400k savings vanish after putting in so much effort to accumulate them.

Nuclear costs are so high because it is the only energy industry where you have to take in account pollution decommissioning etc in the costs. What are the regulatory setups for cleaning up all the solar panels, the wind turbines, how do you limit the environment destruction due to the mining of the rare earth materials, the lithium for the batteries etc? Just because it is permitted to dump all that shit everywhere while nuclear is highly regulated we get this fake feeling that this solutions are cheap. Same is for coal, that industry is not responsible at all related to the huge pollution that distorted the environment while we worry about even the most minuscule nuclear incident.

Sorry Professor, the Eurodollar system has failed. Every country is moving on thru other alliances that accept local currencies. Good luck Wallstreet pumping and dumping

42:25: "in which case, you know, gold and bitcoin will do very well". One day, Jack, one day you'll have a guest that will support you on bitcoin :) (great interview as usual) 52:55 too. one day :)

Helen: You can see how much power the Fed has by looking at how other central banks have to also raise rates following what the Fed is doing. Hello??? The PBOC already cut rates FIVE TIMES ever since the Fed started this current hiking cycle. China not only is able to ignore whatever Fed is doing, it has a complete independence to do the opposite. And Chinese government bond doesn't have an inverted yield curve to begin with yet you can never run out of "analysts" in the US who keep harping on and on about how China is collapsing when in fact the US and Europe are the ones in deep trouble. Economists in the West think you can't run an economy without US dollar credit or in other words, being outside the Eurodollar system. But guess what? The Chinese government has been doing that ever since 1949. Anyone else also realize the 4 largest banks in the world are state-owned Chinese banks? Whatever impact the dollar has to China's economy is limited to its private sector. Even that is limited to mostly property developers who has been using the cheap credit to expand like crazy. Yes China's property sector is like 30% of its economy but China isn't facing any sort of credit freeze just because the Fed is hiking rates. There is a whole other world existing outside the Eurodollar system. And this world is expanding as more and more countries in Asia, Africa and Latin America are relying on currency swaps with China to cut their dependence on US dollar to pay for trade. Ignoring dedollarization will cost the US dearly. If even the people who are considered "experts" in the West like Helen here are also blind to whatever's happening outside the western sphere of influence (which is not global anymore and a lot smaller than it used to be) and don't even bother to check facts and data before commenting about China, then expect the general public to only wake up when China's economy is multiple times the size of the US.

Great discussion with your guest. I really enjoyed it. Referece a time hack of about 57 mins in... why a sample size of one? There were several other "world reserve currencies" before that of the pound, so there were several samples in our world history.

Germans deserve the outcome they caused for themselves by listening to a14 year old actress to define their energy policy. She hasn’t even completed high school science or maths or logic. She was obviously a great actress to have influenced so many to make idiotic decisions

All roads lead to bitcoin and gold.

Shut it all down. Corruption to the core.

Fantastic conversation. I could see an elephant in the room you, though: demographics. In 10, 20, 30 years the world will look so different simply because so many people will die and not so many will be born.... Apart from Africa...

Get off the bitcoin nonsense. Good god.

Is that a man

smart lady

Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.