How the World Stopped Producing Enough Money, Feat. Emil Kalinowski

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 7 November 2020

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Emil Kalinowski is the host of “Making Sense/Eurodollar University” collaborations with Jeff Snider. In this illuminating conversation, he and NLW discuss: How the global monetary order changed over the last 50 years The exact moment the world demonstrated it had too little money Why bitcoin and MMT are competing to shape the next generation of monetary thinking Why a big crash is coming, but we’ll be better on the other side

Transcript

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0:00.0	The monetary order malfunctioned, but was not completely disabled.
0:06.0	It didn't crash.
0:07.0	And it's just been sputtering along.
0:09.0	And what does that mean?
0:10.0	It means that there's not enough money growth in the world ever since 2007.
0:16.0	You can even pin it to a single day.
0:18.0	You can say that starting on August 9th, 2007, the world stopped producing
0:24.4	enough money for the economy to expand at a rate that we expect that we have gotten used to
0:32.5	for decades, for generations. And that has been the problem.
0:41.9	Welcome back to The Breakdown with me, NLW.
0:47.7	It's a daily podcast on macro, Bitcoin, and the big-picture power shifts remaking our world.
0:58.1	The breakdown is sponsored by Crypto.com and nexo.io, and produced and distributed by CoinDes. Welcome back to the breakdown.
1:07.2	It is Friday, November 6th, and today my guest is Amil Kalinowski. Amil is a macro expert. He's the host of Making Sense and Eurodollar University where he talks with Jeff Snyder about
1:12.9	the big picture economic issues facing the world.
1:16.3	He has one of the best Twitter bios I've ever seen, which really sets up a lot of our
1:20.9	conversation.
1:22.2	It's helping you understand how the 2007 malfunction in the monetary system and its
1:27.3	continuing disorder affects
1:29.1	finance, economy, politics, and society. We're here now in this post-election reality,
1:35.1	and what I'm interested in is the big-picture discussions about what's going to happen,
1:40.3	what's going to have to happen, regardless of who wins this election or many, many to
1:45.1	come. So without any further ado, let's dive in. All right, Emil, it is wonderful to have you on
	...

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