#208 - Ann Pettifor - "A $40 Trillion Debt Crash Is Coming”
About this episode
Ann Pettifor discusses the impending $40 trillion debt crash and the implications of unregulated global finance.
Ann Pettifor is a world-renowned political economist, author of The Production of Money, and former director of the Jubilee 2000 campaign, which successfully mobilised millions to cancel over $100 billion in sovereign debt for developing nations. Correctly predicting the 2008 Great Financial Crisis in her 2006 book The Coming First World Debt Crisis, she has spent decades exposing how unregulated global finance, central bank printing and Wall Street speculation starve the real economy of productive investment. Ann and I discuss how a grassroots army of ordinary citizens forced Gordon Brown and Tony Blair to cancel third-world debt, the reality of commercial and central bank money creation and how Richard Nixon’s 1971 decision to sever the dollar from gold handed total economic control to global financial markets. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - TIMESTAMPS: 00:00:00 - They Are Never Going To Repay 00:01:22 - How To Cancel $100 Billion Of Debt 00:06:50 - Germany Had Its Debt Cancelled In 1953 00:10:12 - Arms Dealers, Dictators And Guarantees 00:13:40 - Creditors Love An Empty Balance Sheet 00:16:42 - Where Money…
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