The Future Of Financial Repression | Helen Thompson
ฝัง
- เผยแพร่เมื่อ 1 มิ.ย. 2024
- Helen Thompson, Professor of Political Economy at the University of Cambridge and author of “Disorder: Hard Times In The 21st Century,” joins Forward Guidance to share her outlook on European energy, the Federal Reserve, financial repression, and rising geopolitical tensions in the Middle East. Filmed on October 12, 2023.
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Helen Thompson’s book on Amazon: www.amazon.com/Disorder-Hard-...
Helen Thompson’s book on Oxford Press: global.oup.com/academic/produ...
Helen Thompson at Cambridge: www.polis.cam.ac.uk/Staff_and...
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Follow Helen Thompson on Twitter / helenhet20
Follow Jack Farley on Twitter / jackfarley96
Follow Forward Guidance on Twitter / forwardguidance
Follow Blockworks on Twitter / blockworks_
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Timecodes:
00:00 Introduction
00:21 Energy In Europe
09:49 Wind and Solar
13:57 Nuclear Energy
22:28 Federal Reserve Has Made American Monetary Power The Strongest It's Ever Been
32:32 Are Fed Rate Hikes A Problem For The Rest Of The World?
35:57 Implications Of Sovereign Debt Levels On Political Economy
42:16 Financial Repression And Capital Controls
51:55 The Future Of Money And The Dollar
57:08 U.S. China Relations
01:01:07 Conflict In Israel
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets. - บันเทิง
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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.
Well I recommend you make a diversification plan because it's been harder to build a good stocks portfolio since COVID. My colleague suggested I hire a brokerage Adviser, and I've actually made over $457k with their help during last market Upheaval. They used defensive strategies to protect my portfolio and make profits despite the ups and downs.
I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.
"Margaret Johnson Arndt, is a well-known person in her field, is my advisor. I advise doing more study on her credentials. She is a great resource for anyone looking to understand the financial market because of her extensive experience.
She seems to be well-educated and well-read. I ran a Google search for her name and came across his website; thank you for sharing.
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?
You've raised an excellent point, The availability of resources like oil can significantly impact various industries and, in turn, the financial landscape.
That's true. It's a reminder that our financial strategies should account for the availability and stability of essential resources.
I couldn't agree more, It's times like these when a financial advisor's insights, like Loren Lena Walker's, can prove invaluable. They can help us prepare for unexpected shifts in the financial landscape.
You're spot on, Loren Lena Walker has a reputation for helping individuals make sound financial decisions. Her expertise can play a crucial role in adapting financial strategies to changing circumstances and resource availability.
I'm really interested in getting in touch with Loren Lena Walker. Does anyone here have her contact information or know how to reach out to her?
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.
Same i here, i will praise mr James Clark over and over again because he has great skills, i started with $2000 and after 2week i received a returns of $6,000 then i continue with him ever since he has been delivering.
Mr.Farley looks awesome with glasses. From genius to uber-genius. 🔥
Thank you for the great substantive content today ( especially after having to endure the fluff of the episode with Mark Yusko, lol )
The sheer mount of spam comments is intolerable. TH-cam, fix this insanity!!
what do u think will be the effects coming out of this scam era, while Dolla Bill n JayPow r basically scamming as well (kinda causing it), old wise Harry?
What, you aren't here for shitcoin pumping and referrals to fake financial managers operating from Nigerian coffee shops and Indian call centers?
Who knows what to do about this problem .. Perhaps you should contact my financial advisor, Yellen Bernanki Greenspan.. She has all the answers... lmao
@@mikeborrelli193- Lol
more of this lady please
Great interview.
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.
It's all about finding the right moment to take advantage of and generate colossal profit, which is why you need to do your research and find a financial>manager.
true, A lot of folks downplay the role of a professional until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this professional that guides you?
I'm been guided by "Pamela Helynn Kirchoff" who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.
I just came across her web page, I went through her resume and I must say it was quite impressive. I reached out to her and I have booked a session with her.
Great guest, thank you!
Thank you Helen and Blockworks Macro for having her. This was great, I hope to see more of her.
Quality interview, thank you both.
Thank you both, great interview and elucidation 🏏.
Great Insight from Helen! Federal reserve has a trickle down effect that changes economies at scale for other countries. sad what is taking place
Love Helen's insights into politics and history. Great to see both of you in the same video. Highly recommend her book.
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.
Big Government squeezes out the private sector
Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank
very interesting guest
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
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.
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.
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.
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.
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
No that wasn't the problem. The problem was trusting Putin and Russia to deliver the gas. They could've constructed pipelines to other countries instead of many pipelines from Russia.
@@dailydoseofnews4828 Russia was pumping gas to Germany all throughout the war no questions asked until the very last minute when US blew it up. Even now much of the gas Germany buys is coming from Russia except its resold through a third party.
Europe is run by children - aka women.
@@dailydoseofnews4828an not standing up to USA and driving USA military out
@@sewnsew6770 driving the US military out.
With what?
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.
All roads lead to bitcoin and gold.
Real estate (including housing, farmland and retail), logistics, energy, communication, fortification before stacking and well before speculation.
We already know what happens to Bitcoin when the market dumps and it isnt pretty..
@@mikeborrelli193 Pretty sure bitcoin will be the top performing asset of the decade. Let the market decide.
@@mikeborrelli193 Bitcoin up, market down...
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.
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
It's already happening and yes of course it takes time but never seen dedollarizing like last 12 months
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 :)
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.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
"Carol Pasol Lewis" . She has years of experience in the financial market, so you can easily look her up.
She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
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...
This woman needs a good night's sleep
Get off the bitcoin nonsense. Good god.
u do realize ur on BLOCKworks youtube channel right? Have u heard of a thing called a BLOCKchain? There might be some relation. They'd tried to keep it simple for ppl like u
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.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
There are a lot of independent advisors you might look into. But i work with NICOLE DESIREE SIMON and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.