Cash and grab: Are central banks to blame for all our financial mess? – Alex Andreou finds out

The Bunker

Podmasters

News, Politics, Society & Culture, Government

4.6 • 984 Ratings

🗓️ 12 October 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Have central banks ever recovered from the global financial crisis? Alex Andreou sits down with Uuriintuya Batsaikhan, economist for Positive Money Europe, to find out if banks really are to blame for all of our financial woes. “Financial forecasting has become a wish for central banks rather than a goal.” – Uuriintuya Batsaikhan “High interest rates are a threat to green transition.” – Uuriintuya Batsaikhan “An independant bank that sets monetary policy for 20 countries is an unprecedented experiment.” – Uuriintuya Batsaikhan Support us on Patreon: www.patreon.com/bunkercast Written and presented by Alex Andreou. Producer: Liam Tait. Audio editor: Simon Williams. Managing editor: Jacob Jarvis. Music by Kenny Dickinson. Group Editor: Andrew Harrison. THE BUNKER is a Podmasters Production. Instagram | Twitter Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	My name is Stan. I'm at. Nice to meet you. So you took up photography where? I've always loved
0:05.5	photography but I turn it into earning a living at 60. I enrolled on a day course.
0:11.8	Well college. I loved going to college. It's good you can retry. I'm enrolled on the day course. But college?
0:13.0	I loved going to college.
0:14.0	It's good you can retrain and do something.
0:16.0	Yeah, yeah.
0:17.0	Let's talk about working, learning, saving and making the most of living longer.
0:22.0	Phoenix Group is the UK's largest long-term savings and retirement business.
0:28.0	Search Phoenix Group living longer.
0:30.0	Pets brings so much joy.
0:32.0	From those happy greetings at the door to the warm cuddles on the sofa.
0:37.0	So give a little love back with Dental Life from Purina, a range of delicious chues made for dogs and tasty snacks for cats that help clean and support your pets, teeth and gums, essential for their overall well-being and a happy, healthy life. They give you plenty of smiles so look after
0:55.9	theirs with dental life. Pick up dental life in the pet food aisle. Hello and welcome to the bunker daily I am your host
1:13.5	Alexandero banking was conceived in iniquity and born in sin
1:19.2	bankers own the earth take it away from them but leave them the power to create deposits and with a flick of a pen they will create enough deposits to buy it back again.
1:30.0	Those are the provocative words of economists and former Bank of England director Josiah Stamp.
1:36.4	We hear a lot about central banks with inflation as high as it is, but what is the rationale
1:41.6	behind those Byzantine institutions which have significant influence
1:45.8	over our lives?
1:47.3	From where do they derive their democratic mandate to the economic levers to which they have sole access and perhaps most important of all
1:56.7	are they doing a good job?
1:58.6	My guest today is here to help us towards some answers.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Podmasters, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Podmasters and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.