Wed, 11 September 2019
1279: Warning Signs in the Economy & Banking on the People, Democratizing Money in the Digital Age by Ellen Brown, Web of Debt, The Public Bank Solution
Jason Hartman talks today about the news he's seen recently while avoiding Hurricane Dorian. That includes problems with pooled assets, taking out the management fees and industries that are taking a turn for the worse that show potential weakness in the real economy.
Then Jason talks with Ellen Brown, author of Banking on the People: Democratizing Money in the Digital Age, about the money supply, specifically as it relates to what we refer to as "Quantitative Easing". Ellen explains how she believes we can solve some of society's woes and why she isn't on board with Modern Monetary Theory.
[3:20] There are more lawsuits being filed over 401k fee abuse
[5:07] How much better would our economy be if insiders stopped skimming off the top?
[8:37] Workers under 35 are saying they're content with their pay
[11:56] The trucking and shipping industry is having some problems
Ellen Brown Interview:
[13:22] Quantitative easing needs to be changed to get money out into the real economy
[21:27] What Ellen means when she talks about "speculative markets"
[24:54] What does this mean for the average person?
[29:04] 80% of the population is carrying debt right now
[33:45] What is keeping Ellen from being a fan of MMT