Podcasts about banking system

Episode Summary In this episode of Wade Borth Podcast, Wade Borth and Beth Reich tackle one of the most common reactions people have when they first hear about Infinite Banking and whole life insurance strategies: "This sounds too good to be true." Wade breaks down why skepticism around alternative financial strategies is natural, while also challenging listeners to examine the traditional banking and retirement systems with the same level of scrutiny. The conversation explores the difference between guaranteed assets and speculative investments, the role of liquidity during economic downturns, and why education and intentionality are essential when making financial decisions. Throughout the episode, Wade emphasizes that Infinite Banking is not about chasing unrealistic returns—it's about building control, certainty, access to capital, and long-term financial flexibility. Beth provides the perspective of the everyday consumer, asking the questions many listeners are already thinking: What's the catch? What are the risks? Why doesn't everyone do this? The episode ultimately becomes a discussion about mindset, financial literacy, and the risks of inaction when it comes to personal wealth-building. Links & Resources sagewealthstrategy.com Keywords Infinite Banking, Whole Life Insurance, Family Bank, Financial Freedom, Cash Flow, Policy Loans, Wealth Building, Personal Finance, Guaranteed Assets, Financial Literacy, Retirement Planning, 401k Alternatives, Liquidity, Opportunity Cost, Financial Education, Wealth Strategy, Passive Wealth, Banking System, Financial Independence, Wade Borth Episode Highlights 00:00–01:12 – Wade introduces the concept that money tends to flow back to people who understand how to use it effectively. 01:12–02:15 – Discussion on the profitability and structure of the modern banking system. 02:15–03:14 – Recommended books for understanding both the banking system and personal financial control. 03:34–04:58 – Wade explains why more people use Infinite Banking than most realize—it's simply private. 05:01–05:47 – The vision behind creating a "family bank" and building generational financial control. 06:19–07:33 – Why fear often comes from not understanding financial products and outcomes. 07:33–08:29 – Wade contrasts guaranteed assets with speculative investment returns. 08:29–09:26 – How policy loans provided liquidity and opportunity during the 2008 financial crisis. 09:26–10:28 – The importance of long-term thinking versus short-term liquidity concerns. 10:28–11:17 – Wade critiques the passive "set it and forget it" mindset around 401(k)s. 11:18–12:35 – The difference between arguing and genuinely wanting to learn. 13:46–14:58 – Wade answers the question: "What's the biggest risk with whole life insurance?" 14:58–16:07 – The hidden cost of inaction and lost financial opportunity over time. 18:58–20:06 – Common financial results come from common financial behavior. 22:02–22:57 – "A confused mind takes no action" — Wade explains why education matters more than selling.

At Consensus Miami, BitMEX co-founder and Maelstrom CIO Arthur Hayes joins CoinDesk Live to break down why AI-driven layoffs could create the next banking crisis and how bitcoin is already pricing it in. He also shares his updated BTC price target, his conviction bet on Hyperliquid, and why he thinks crypto regulation misses the point entirely. - 00:00 - Q1 No-Trade Zone and What Changed Arthur's View 02:34 - AI Layoffs, Over-Leveraged Economy, and the Coming Banking Crisis 04:57 - Why the Fed Is Missing the Problem and What Bitcoin Is Signaling 06:09 - Crypto Regulation, the CLARITY Act, and Why Arthur Doesn't Care 08:29 - Bitcoin $125K Target and the Money Printing Thesis 09:26 - Hyperliquid, Hype $150 by August, and Why Trading Apps Win 15:23 - Prediction Markets, Zcash, and Why Altcoins Will Never Die

At Consensus Miami, BitMEX co-founder and Maelstrom CIO Arthur Hayes joins CoinDesk Live to break down why AI-driven layoffs could create the next banking crisis and how bitcoin is already pricing it in. He also shares his updated BTC price target, his conviction bet on Hyperliquid, and why he thinks crypto regulation misses the point entirely. - 00:00 - Q1 No-Trade Zone and What Changed Arthur's View 02:34 - AI Layoffs, Over-Leveraged Economy, and the Coming Banking Crisis 04:57 - Why the Fed Is Missing the Problem and What Bitcoin Is Signaling 06:09 - Crypto Regulation, the CLARITY Act, and Why Arthur Doesn't Care 08:29 - Bitcoin $125K Target and the Money Printing Thesis 09:26 - Hyperliquid, Hype $150 by August, and Why Trading Apps Win 15:23 - Prediction Markets, Zcash, and Why Altcoins Will Never Die

Part 2: Patricia and Christian continue the conversation with economist and author Dr Phil Armstrong about his recent paper, "Modern Monetary Theory and International Trade: Developments on the Base Case for Analysis".   Full conversation here: https://www.patreon.com/posts/155949704?pr=true   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     Relevant to this episode: "Modern Monetary Theory and International Trade: Developments on the Base Case for Analysis" by Dr Phil Armstrong: https://gimms.org.uk/2026/04/10/modern-monetary-theory-and-international-trade-developments-on-the-base-case-for-analysis/ "A Counterinflationary Job Guarantee For The United Kingdom", by Patricia Pino, Phil Armstrong and Steve Laughton: https://mmtuk.org/research/job-guarantee/ Join the new MMT UK discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR "Is exchange rate depreciation inflationary?" by Bill Mitchell: https://billmitchell.org/blog/?p=32922   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767   LIVE EVENTS! ANTI-AUSTERITY ECONOMICS ONE-DAY WORKSHOPS WITH PROFESSOR STEVEN HAIL IN 2026! Brighton Sat 20 June | Stockholm Sat 27 June | Brussels Sun 28 June All details: https://modernmoneylab.org.au/events/    JOIN PATRICIA'S MMT ACTIVIST NETWORK (MMT UK): https://actionnetwork.org/forms/activist-registration-form   Join the MMT UK Discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR   MMT: THE MOVIE! "Finding The Money", a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https://findingthemoney.vhx.tv/products/finding-the-money Updates on worldwide screenings of "Finding The Money" can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of "Finding The Money", apply here: https://findingmoneyfilm.com/host-a-screening/   STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/     For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/     For a short, non-technical, free ebook explaining MMT, download Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf     Episodes on monetary operations:  Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683  Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929    For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true    Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on bank runs banking regulation:  Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses: More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT and real-world economics are here: https://modernmoneylab.org.au/     Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers": https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757     We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/157834250?pr=true

#209 MMT and International Trade with Dr Phil Armstrong (part 1)   Patricia and Christian talk to economist and author Dr Phil Armstrong about his recent paper, "Modern Monetary Theory and International Trade: Developments on the Base Case for Analysis".   Full conversation here: https://www.patreon.com/posts/155949704?pr=true   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     Relevant to this episode: "Modern Monetary Theory and International Trade: Developments on the Base Case for Analysis" by Dr Phil Armstrong: https://gimms.org.uk/2026/04/10/modern-monetary-theory-and-international-trade-developments-on-the-base-case-for-analysis/ "A Counterinflationary Job Guarantee For The United Kingdom", by Patricia Pino, Phil Armstrong and Steve Laughton: https://mmtuk.org/research/job-guarantee/ Join the new MMT UK discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR "Is exchange rate depreciation inflationary?" by Bill Mitchell: https://billmitchell.org/blog/?p=32922   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767   LIVE EVENTS! ANTI-AUSTERITY ECONOMICS ONE-DAY WORKSHOPS WITH PROFESSOR STEVEN HAIL IN 2026! Brighton Sat 20 June | Stockholm Sat 27 June | Brussels Sun 28 June All details: https://modernmoneylab.org.au/events/    JOIN PATRICIA'S MMT ACTIVIST NETWORK (MMT UK): https://actionnetwork.org/forms/activist-registration-form   Join the MMT UK Discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR   MMT: THE MOVIE! "Finding The Money", a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https://findingthemoney.vhx.tv/products/finding-the-money Updates on worldwide screenings of "Finding The Money" can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of "Finding The Money", apply here: https://findingmoneyfilm.com/host-a-screening/   STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/     For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/     For a short, non-technical, free ebook explaining MMT, download Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf     Episodes on monetary operations:  Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683  Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929    For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true    Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on bank runs banking regulation:  Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses: More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT and real-world economics are here: https://modernmoneylab.org.au/     Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers": https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757     We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos     Show notes: https://www.patreon.com/posts/156678605?pr=true

A major hack in the decentralised finance (DeFi) sector occurred on Saturday after an attacker exploited a cross-chain bridge and drained nearly US$300 million, triggering disruptions across several crypto platforms.~This episode is sponsored by Tangem~Tangem ➜ https://bit.ly/TangemPBNUse Code: "PBN" for Additional Discounts!Guest: Hugo Philion, CEO Flare NetworkFlare Network website➜https://bit.ly/FlareXRP00:00 intro00:07 Sponsor: Tangem00:39 KelpDAO Exploit01:24 LayerZero To Blame01:49 Aave illiquid02:24 Bridges are now toxic03:02 Unaffected Protocols Are Also Frozen04:20 Aave April 30th Leverage Incoming?05:05 Vitalik predicted this05:36 Ethereum Economic Zone fixing this06:03 David Schwartz casts doubt on Flare XRP Bridge06:50 Hugo Philion on LayerZero post-mortem09:37 $AAVE not worth holding10:27 Yields vs Risk11:34 Vault Sentiment collapses12:25 Aave April 30th risk13:09 Flare LayerZero exposure13:53 LayerZero Exploit Explained14:25 Flare LayerZero safe?15:23 LRT Token Sentiment16:01 Aave UI and Communication16:35 Institutional Products Paused16:59 Areas of Concern Due to A.I.17:56 DeFi Limits Incoming!?19:47 Freezing To Confirm?20:39 Banking System at Risk?21:47 Flare security updates23:54 When will XRP be unfrozen?25:16 Remaining Skeptical25:56 ETH & BTC price didn't fall26:15 outro#Crypto #XRP #Defi~DeFi Panic After MASSIVE Exploit!

2026-04-19 | UPDATES #178 | This episode is about how Russia Is building the infrastructure to seize control of every rouble, every account, every transaction, from its population to fuel Putin's pointless war. Russia's population are waking up to the reality that their money is not their money. Their property is not their property. Their resources are not their resources. Everything is on loan from the state – retention of all these is conditional upon their loyalty and compliance. What's expected of them is indifference to politics in peacetime and unreasonable sacrifice, without question in wartime. Their lives are not their lives. And finally, many are discovering that their country is not their country, it's a territory ruled, and owned, by a class of people that don't give a damn about their squeals of indignation and outrage at privileges revoked. This is an object lesson for the West too. We may complain about our governments, our politicians, infrastructure and institutions. But things can always be worse, especially if we lose sight of hope, stop believing in progress, and deny our political agency as individuals. Russia shows what happens where there is no rule of law, no moral or political limits on executive power, no concept of the inviolability of property, rights or possessions. ----------SUPPORT THE CHANNEL:https://www.buymeacoffee.com/siliconcurtainhttps://www.patreon.com/siliconcurtainhttps://www.gofundme.com/f/scaling-up-campaign-to-fight-authoritarian-disinformation----------A REQUEST FOR HELP!I'm heading back to Kyiv next month, to film, do research and conduct interviews. The logistics and need for equipment and clothing are a little higher than for my previous trips. It will be cold, and may be dark also. If you can, please assist to ensure I can make this trip a success. My commitment to the audience of the channel, will be to bring back compelling interviews conducted in Ukraine, and to use the experience to improve the quality of the channel, it's insights and impact. Let Ukraine and democracy prevail! https://buymeacoffee.com/siliconcurtain/extrashttps://www.patreon.com/siliconcurtainhttps://www.gofundme.com/f/scaling-up-campaign-to-fight-authoritarian-disinformationNONE OF THIS CAN HAPPEN WITHOUT YOU!So what's next? We're going to Kyiv in April 2026 to film on the ground, and will record interviews with some huge guests. We'll be creating opportunities for new interviews, and to connect you with the reality of a European city under escalating winter attack, from an imperialist, genocidal power. PLEASE HELP ME ME TO GROW SILICON CURTAINWe are planning our events for 2026, and to do more and have a greater impact. After achieving more than 12 events in 2025, we will aim to double that! 24 events and interviews on the ground in Ukraine, to push back against weaponized information, toxic propaganda and corrosive disinformation. Please help us make it happen!----------SOURCES: Kremlin financial control plans — TOLK Forum:The Moscow Times — "How the Kremlin Is Considering Cracking Down on Financial Freedom" (April 7, 2026) The Moscow Times — "Putin Signs Law Allowing Police to Freeze Bank Accounts Without Court Orders" (August 2025)Bloomberg — "Russia's VPN Crackdown Caused Bank Outage, Telegram Founder Says" (April 4, 2026) Business Standard / Bloomberg — "Russia's VPN crackdown caused bank outage, says Telegram founder" (April 4, 2026)Cybernews — "Russia's VPN crackdown triggers payment system disruption, Telegram's CEO Durov says" (April 2026) Techdirt — "Whoops: Russia's Attempt To Block VPNs Causes Major Banking Failure" (April 13, 2026)LatestLY — "Telegram Founder Pavel Durov Blames Russian VPN Crackdown for Major Payment System Failures" (April 4, 2026) Mediazona (English) — "Russia's internet censorship in 2026: VPN crackdowns, mobile shutdowns, Telegram blocks and the state messenger Max" (April 7, 2026) ----------

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Stay informed on current events, visit www.NaturalNews.com  - Economic and Military Implications of War Escalation (0:12) - AI Bubble and Stock Market Collapse (3:08) - Banking System and Financial Crisis (7:44) - Preparation and Protection Strategies (11:42) - Trump Administration and Military Leadership Changes (17:38) - Geopolitical Implications and Military Strategy (1:16:22) - Russian Role and Submarine Deployments (1:19:38) - Economic and Social Impact of the War (1:23:09) - Iranian Missile Technology and North Korean Influence (1:23:33) - Iranian Air Defense and Potential US Involvement (1:25:41) - Geopolitical Implications of Israel's Actions (1:27:45) - Ukraine Conflict and Russian Advancements (1:30:37) - European Attitudes Towards Russia (1:33:22) - American Education and Perception of Russia (1:36:25) - Promotion of Survival Products (1:38:04) Watch more independent videos at http://www.brighteon.com/channel/hrreport  ▶️ Support our mission by shopping at the Health Ranger Store - https://www.healthrangerstore.com ▶️ Check out exclusive deals and special offers at https://rangerdeals.com ▶️ Sign up for our newsletter to stay informed: https://www.naturalnews.com/Readerregistration.html Watch more exclusive videos here:

Panel breaks down how banks really create money and why it fuels bubbles, inflation, or real growth. From 0% reserve rules to small business lending, this debate exposes what actually drives the economy—and what could trigger the next crisis

Many top European bankers did not do themselves any favors when pressed on the private credit bust, preferring to hide behind semantics or deflect at every chance. One who stood out was Deutsch Bank's vice chair of global macro who bluntly stated if it wasn't for Iran the private credit crisis would be all anyone would be talking about right now. For whatever the political spin among the rest of them, European bank balance sheets don't lie. Wait until you see what they've been up to. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------With credit market developments escalating even more, and major market moves accompanying them, we're going to go over where everything stands but also look forward at the potential scenarios coming out of what continues to look like a global bust. To watch a replay of our webinar, click below. https://youtube.com/live/dkgSJvjWs5M?feature=shareTo take advantage of our limited-time Eurodollar University subscription offer to get access to all EDU materials, reports, and data, visit the link below:https://www.eurodollar.university/webinar-offer----------------------------------------------------------------------------------Think private credit fears are overblown? Think again, says Deutschehttps://www.afr.com/markets/equity-markets/think-private-credit-fears-are-overblown-think-again-says-deutsche-20260327-p5zj5nPrivate Credit Jitters Put European Banking Chiefs on Defensehttps://www.bloomberg.com/news/articles/2026-03-19/private-credit-jitters-put-european-banking-chiefs-on-defenseECB to Start Fresh Checks on Banks' Private Credit Exposureshttps://www.bloomberg.com/news/articles/2026-03-24/ecb-to-start-fresh-checks-on-banks-exposure-to-private-creditGerman Business Outlook Sinks as Iran Puts Recovery ‘on Ice'https://www.bloomberg.com/news/articles/2026-03-25/german-business-outlook-sinks-as-iran-war-puts-recovery-on-icehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Is the concern of stagflation putting downward pressure on bank stocks? The term stagflation was first used in 1965 by a British politician. A quick definition for an economy with stagflation is when there is slow economic growth, high unemployment, and high inflation. A scenario like that would put a strain on banks because as people lose their jobs one of the first things they stop paying on are consumer loans like credit cards and personal loans. Banks can also get squeezed because they may have locked in long-term loans at lower rates and because of high inflation, the Federal Reserve could increase short-term interest rates, which would compress margins. The banks also need meet certain liquidity requirements, which could hurt margins even more. On the bright side, this could be a buying opportunity to invest in banks since they are down roughly 9 to 10% since the beginning of the year. The reason I think this could be a good opportunity is manyfold. First off, the high oil prices that are currently causing inflation concerns appear to be a short-term problem and I believe they should start reversing by May or June. Second, employers have slowed down on hiring new people but are reluctant to let employees go because it's very costly to hire new employees. Third, the economy appears to still be doing well and consumers have already started receiving part of the $50-$60 billion in tax refunds from the Big Beautiful Bill, which should help with consumer spending. This is also the year where agreements from other countries to invest trillions of dollars into our economy should start taking place. In regard to the banks themselves, they're sitting in a pretty good situation with diversified businesses as your mega banks like JPMorgan and Bank of America have trading houses and global markets that are growing in the low double digits. Some banks expect mid-teens growth in the trading business. Some of the bankers have also said that demand for traditional commercial loans has been improving so far this year. In its most recent data, the Federal Reserve showed commercial industrial loans were up 5% year over a year, which is the largest increase since 2023. As always with investing, you should be looking out at least 2 to 3 years. One other perk is many banks pay a decent dividend around 2% to 2.5%    Meta and YouTube get screwed in court I was very disappointed to see that a 20-year-old woman, who won in a California court, is set to receive a total of $6 million from Meta and YouTube. Her claim was she was addicted to social media, and it dominated her life for years, which caused mental health issues like anxiety and depression. I'm really getting tired of the legal system in California and the theatrics played by attorneys such as her attorney having a jar of 415 M&M's saying each M&M represented $1 billion of the near $400 billion in total stockholder equity when looking at Alphabets value. He began to remove one M&M at a time and demonstrated how taking out a few M&Ms did not change the weight of the jar. My feeling is this attorney should go to Hollywood and try to get an acting job. It is disappointing to see how no one wants to take accountability for their actions any longer. They want to blame somebody else and not take responsibility for the fact that she uploaded more than 200 YouTube videos before the age of 10 and had 15 Instagram accounts before she was 15. I do have to ask where were the parents? This could just be the beginning as there are 3000 other similar lawsuits against social media companies that are pending in California courts. I do believe there should be some changes made to the regulatory framework around social media, but this goes too far and is just in my opinion greed from attorneys and people trying to get a free ride. I was glad to see that both companies are appealing the decision, and this will likely continue to move up the court system and may land in the Supreme Court. Meta also lost a case in New Mexico this past week as jurors found that Meta willfully violated the state's unfair practices. The state's Attorney General claimed the company failed to properly safeguard its apps from online predators targeting children. It is disappointing to see the number of lawsuits that are going on in our country. Our country was not built on attorneys and lawsuits; it was built on people working hard and taking responsibility for their own actions. I do fear for my grandkids if we continue on this path and wonder what our country will look like in 30 or 40 years. When it comes to investing, I would be very careful in this space, as these cases could set a dangerous precedent for trials to come. There is also a federal trial set to begin this summer in the Northern District of California involving claims by school districts and parents nationwide that apps from Meta, YouTube, TikTok and Snap helped foster detrimental mental health-related harms to young users.   Will higher gas prices hurt strong US car sales? Current US car sales are around 16 million on an annual basis, which is down from 2019 when they were 17 million, but overall, they are still very healthy. The car business has changed from low margin vehicles to more luxury vehicles with higher profit margins and the average price on a new car is now over $50,000. The car buyers themselves have changed with the average new vehicle buyer around 50 years old. This is seven years older than in the year 2000. It's no surprise, but because of the higher prices for cars, people earning over $150,000 a year account for 42% of the sales. Six years ago, it was just 29%. It was also reported that buyers who have incomes of $75,000 or less are no longer buying new cars because of the affordability. The higher gas prices do not seem to be affecting car sales at this point and according to the manufacturers, they are still saying the buyers remain resilient. However, if gas and oil prices remain at current levels that would then likely put a strain on car sales. Fortunately, at this time, based on many factors, I think by May or June we will start to see the easing of prices at the pump. Also helping US manufacturers is the deductible interest on cars made in the US. There are restrictions on this, but that does also help ease the pain with a little tax deduction. Also, since the President ended the tax credits for electric vehicles, US car manufacturers were able to scrap the losing endeavor of trying to build profitable EVs. With the stock prices for car manufacturers down around 9 to 10%, I believe the investment clouds should be clearing in the next couple of months and investors may have an opportunity to invest in a good US car manufacturer. It's important to remember that if you step in and buy here, you own a small piece of a large company and don't worry about the day to day volatility, you should be focusing on where that business will be at least 2-3 years down the road.   Should crypto companies be allowed into the United States banking system? Unfortunately, Jonathan Gould, who is Comptroller of the Currency and is one of the country's most powerful bank regulators, believes so. He thinks it's a good idea to let firms like Ripple, Crypto.com and others in this area to become a trust bank. A trust bank is a little bit different than a normal bank because they don't take deposits or make loans and instead offer other services like safekeeping of various assets. An example of trust banks would be insurance companies and payroll processors. My concern is what the average consumer may think as they could believe that because it's a trust bank it is automatically insured by the federal government. This is a gray area as some trust banks can have insurance from the federal government, but they do not insure investments like stocks bonds, and cryptocurrencies. The Bank Policy Institute and other banks are against this because it is unclear what these crypto companies would do with bank charters. There is talk that some applicants may want access to the Federal Reserve payment rails, which would allow them to move money between digital currencies and the banking system. My concern is this could jeopardize the strength of our banking system and cause our federal government to be on the hook for some big financial liability in the years to come as some cryptocurrency drops dramatically or fails.   Companies Discussed: DICK'S Sporting Goods, Inc. (DKS), Best Buy Co., Inc. (BBY), Signet Jewelers Limited (SIG) & CF Industries Holdings, Inc. (CF)

Sometimes it helps to get beaten down by the system early so that lessons can be learned and strategies formed. After a career of selling mortgages to willing buyers, it took a wealthy hedge fund manager to explain that what he was actually selling was financial crack cocaine that the poor cannot afford, and the rich do not use.The pledge until death we have come to know as a mortgage has financially enslaved millions of Americans into debt bondage under the guise of helping them to afford to buy a home. Replace Your Mortgage founder Michael Lush has found a much better way.  When done correctly, his strategy shaves the 30-year timeframe down by 80%, without additional payments, refinancing, or spending more money. It's not magic, it's just math, and the banks will never tell you about this.—Guest LinksMichael LushReplace Your Mortgage: www.WipeOutYourMortgageNow.com—Video ChannelsWatch the video version of Macroaggressions:Rumble: https://rumble.com/c/Macroaggressions YouTube: https://www.youtube.com/@MacroaggressionsPodcastBrighteon: https://www.brighteon.com/channels/macroaggressions/—MACRO & Charlie Robinson LinksHypocrazy Audiobook: https://amzn.to/4aogwmsThe Octopus of Global Control Audiobook: https://amzn.to/3xu0rMmWebsite: www.Macroaggressions.ioMerch Store: https://macroaggressions.dashery.com/ Link Tree: https://linktr.ee/macroaggressionspodcast—Activist Post FamilySign up for the Activist Post Newsletter: https://activistpost.kit.com/emailsActivist Post: www.ActivistPost.comNatural Blaze: www.NaturalBlaze.com —Support Our SponsorsGround Luxe Grounding Mats: https://GroundLuxe.com/MACROReplace Your Mortgage: www.WipeOutYourMortgageNow.comC60 Power: https://go.ShopC60.com/PBGRT/KMKS9/ | Promo Code: MACROChemical Free Body: https://ChemicalFreeBody.com/macro/ | Promo Code: MACROWise Wolf Gold & Silver: https://Macroaggressions.Gold/ | (800) 426-1836LegalShield: www.DontGetPushedAround.comEMP Shield: www.EMPShield.com | Promo Code: MACROChristian Yordanov's Health Program: www.LiveLongerFormula.com/macroAbove Phone: https://AbovePhone.com/macro/Van Man: https://VanMan.shop/?ref=MACRO | Promo Code: MACROThe Dollar Vigilante: https://DollarVigilante.spiffy.co/a/O3wCWenlXN/4471Nesa's Hemp: www.NesasHemp.com | Promo Code: MACROAugason Farms: https://AugasonFarms.com/MACRO—

FEATURING: MICHAEL MCKIBBEN https://aim4truth.org/Today on Steel News, Ann Vandersteel welcomes technology pioneer and investigative researcher Michael T. McKibben, author of the explosive book “The Hidden Hand: Unraveling the Rothschilds and Israel.”McKibben argues that modern global banking networks did not originate in modern Europe—but in ancient merchant-banking systems stretching back thousands of years along the Silk Road.His research traces the development of Babylonian-style debt banking, taxation systems, and merchant banking networks through history and into the modern financial centers of power.From the City of London and Canary Wharf to the Pilgrims Society, Zionist finance networks, and modern intelligence institutions, McKibben presents a controversial thesis about the architecture of global power.Ann and Michael explore:• The origins of global merchant banking• The financial power of the City of London• The Pilgrims Society and transatlantic elite networks• The Balfour Declaration and British Zionism• How banking, intelligence, and media power intersect• Why the financial system still revolves around debt, war, and controlThis conversation asks the question:Who truly controls the modern financial system—and how far back does it go?This is Steel News where truth survives pressure.

Buying Term Life insurance rather than Whole Life insurance and then investing the difference of premium payments, became popularized financial advice in the 1970s and 1980s by AL Williams. Now today, 50 years later, this advice is still the cornerstone principal for many financial advisors including Dave Ramsey. Is Buy Term and Invest the difference the best option now? Whole Life insurance policies available today are different than 50 years ago, the market is always changing, is it time to revisit buying term and investing the difference? In this episode we compare buying term and investing the difference, vs buying high cash value designed whole life insurance. The results are pretty interesting. Listen and find out the details.

Patricia and Christian talk to economist and author Dr Phil Armstrong about the least useful pieces of economic commentary from the last 12 months. In this episode: 5. "Quantitative Easing causes 'asset price inflation'" 6. "Fiscal 'headroom'" 7. "The 'labour market' needs 'softening' (and monetary policy should be used to do it)" 8. "Progressive policies will weaken the pound!"  9. "Understanding the money system is a technocratic distraction!"   Full conversation (including candidates 1-4) here: https://www.patreon.com/posts/150931987?pr=true   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     Relevant to this episode: Join Patricia and Phil (and many more) at Scotland's Festival of Economics (Edinburgh and online) 19th - 21st March 2026: https://www.scoteconfest.org/#learnmore Join the new MMT UK discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR "The self-financing state: An institutional analysis of government expenditure, revenue collection and debt issuance operations in the United Kingdom" (Berkeley et al, 2022): https://www.ucl.ac.uk/bartlett/sites/bartlett/files/the_self-financing_state_an_institutional_analysis_of_government_expenditure_revenue_collection_and_debt_issuance_operations_in_the_united_kingdom.pdf For more on the (Liz) Trussageddon, listen to Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 "How to Fight Back Against the False Idea that the Government is at the Mercy of Financial Markets" by Sheridan Kates: https://thealternative.org.uk/dailyalternative/2025/3/10/scotonomics-monetary-autonomy "There is no need to issue public debt" by Bill Mitchell: https://billmitchell.org/blog/?p=31715 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ Episode 30 - Steven Hail: Understanding Government Bonds (Part 1) :https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2):  https://www.patreon.com/posts/29829500 "Federal Debt and Modern Money" by Steven Hail & David Joy: https://www.global-isp.org/wp-content/uploads/PN-121.pdf "Is exchange rate depreciation inflationary?" by Bill Mitchell: https://billmitchell.org/blog/?p=32922   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767   Scotland's Festival of Economics (Edinburgh and online)  19th - 21st March 2026: https://www.scoteconfest.org/#learnmore   NEW LIVE EVENTS! ANTI-AUSTERITY ECONOMICS ONE-DAY WORKSHOPS WITH PROFESSOR STEVEN HAIL IN 2026! Auckland Sat 18 April | Dunedin Sun 19 April | Brighton Sat 20 June | Stockholm Sat 27 June | Brussels Sun 28 June All details: https://modernmoneylab.org.au/events/    JOIN PATRICIA'S MMT ACTIVIST NETWORK (MMT UK): https://actionnetwork.org/forms/activist-registration-form   Join the MMT UK Discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR   MMT: THE MOVIE! "Finding The Money", a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https://findingthemoney.vhx.tv/products/finding-the-money Updates on worldwide screenings of "Finding The Money" can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of "Finding The Money", apply here: https://findingmoneyfilm.com/host-a-screening/   STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/     For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/     For a short, non-technical, free ebook explaining MMT, download Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf     Episodes on monetary operations:  Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683  Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929    For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true    Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on bank runs banking regulation:  Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses: More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT and real-world economics are here: https://modernmoneylab.org.au/     Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers": https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757     We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos     Show notes: https://www.patreon.com/posts/153201665?pr=true

Patricia and Christian talk to economist and author Professor John T Harvey about his latest book, "US business cycles from 1954-2020", his evergreen "Contending Perspectives In Economics", and solutions to an inherently unstable system. Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast Relevant to this episode: Join John T. Harvey, Patricia Pino, Phil Armstrong and many more at Scotland's Festival of Economics (Edinburgh and online) 19th - 21st March 2026: https://www.scoteconfest.org/#learnmore Join the new MMT UK discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR All our episodes with John T Harvey: https://www.patreon.com/posts/44371783 "US Business Cycles 1954–2020" by John T Harvey: https://www.cambridge.org/us/universitypress/subjects/economics/macroeconomics-and-monetary-economics/us-business-cycles-19542020-sources-symptoms-solutions  "Contending Perspectives in Economics" by John T Harvey: https://www.e-elgar.com/shop/gbp/contending-perspectives-in-economics-9781789900484.html Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ "Is exchange rate depreciation inflationary?" by Bill Mitchell: https://billmitchell.org/blog/?p=32922   All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our patron-only episodes: https://www.patreon.com/posts/57542767   JOIN PATRICIA'S MMT ACTIVIST NETWORK (MMT UK): https://actionnetwork.org/forms/activist-registration-form Join the MMT UK Discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR   NEW! ANTI-AUSTERITY ECONOMICS ONE-DAY WORKSHOPS WITH PROFESSOR STEVEN HAIL IN 2026! Auckland Sat 18 April | Dunedin Sun 19 April | Brighton Sat 20 June | Stockholm Sat 27 June | Brussels Sun 28 June All details: https://modernmoneylab.org.au/events/    STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/   MMT: THE MOVIE! "Finding The Money", a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https://findingthemoney.vhx.tv/products/finding-the-money Updates on worldwide screenings of "Finding The Money" can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of "Finding The Money", apply here: https://findingmoneyfilm.com/host-a-screening/   For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ For a short, non-technical, free ebook explaining MMT, download Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf Episodes on monetary operations:  Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683  Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929  For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true  Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true More on bank runs banking regulation:  Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html MMT Events And Courses:  NEW! ANTI-AUSTERITY ECONOMICS ONE-DAY WORKSHOPS WITH PROFESSOR STEVEN HAIL IN 2026! Auckland Sat 18 April | Dunedin Sun 19 April | Brighton Sat 20 June | Stockholm Sat 27 June | Brussels Sun 28 June All details: https://modernmoneylab.org.au/events/  More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT and real-world economics are here: https://modernmoneylab.org.au/ Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers": https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_compiledby_the_gower_initiative_for_modern_money_studies MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

https://frank.jbeanwefiteam.com/What is crypto banking and how does it differ from traditional finance? Get a clear, jargon-free breakdown to DeFi, onchain finance, and the future of decentralized money in this episode. https://frank.jbeanwefiteam.com City: Box Elder Address: 514 Americas Way Website: https://frank.jbeanwefiteam.com Phone: +1 845 728 1489 Email: frankg@jbeanwefiteam.com

Patricia and Christian talk to economist and author Dr Phil Armstrong about the least useful pieces of economic commentary from the last 12 months.   In this episode: "Sure, the government *can* create money… (but it shouldn't)" "It's okay for the government to 'borrow'… if it's investing" "The national debt is a time bomb!" "Government 'borrowing' is okay… when interest rates are low"   More to follow in part 2   Full conversation here: https://www.patreon.com/posts/150931987?pr=true   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   ******************************** STOP PRESS!!  JOIN PATRICIA AND MMT CO-FOUNDER PROFESSOR BILL MITCHELL AT THE LAUNCH OF A NEW DEDICATED MODERN MONETARY THEORY THINK TANK - MMTUK POLICY RESEARCH GROUP!  7pm on Wednesday 25 February at Friends Meeting House, London Click here to register as an attendee: https://actionnetwork.org/events/mmtuk-launch-event/ MMTUK will be publishing its Job Guarantee policy on 25th February - read a short intro here: https://mmtuk.org/job-guarantee  ********************************   Relevant to this episode: Join Patricia and Phil (and many more) at Scotland's Festival of Economics (Edinburgh and online) 19th - 21st March 2026: https://www.scoteconfest.org/#learnmore Join the new MMT UK discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR "The self-financing state: An institutional analysis of government expenditure, revenue collection and debt issuance operations in the United Kingdom" (Berkeley et al, 2022): https://www.ucl.ac.uk/bartlett/sites/bartlett/files/the_self-financing_state_an_institutional_analysis_of_government_expenditure_revenue_collection_and_debt_issuance_operations_in_the_united_kingdom.pdf For more on the (Liz) Trussageddon, listen to Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 "How to Fight Back Against the False Idea that the Government is at the Mercy of Financial Markets" by Sheridan Kates: https://thealternative.org.uk/dailyalternative/2025/3/10/scotonomics-monetary-autonomy "There is no need to issue public debt" by Bill Mitchell: https://billmitchell.org/blog/?p=31715 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ Episode 30 - Steven Hail: Understanding Government Bonds (Part 1) :https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2):  https://www.patreon.com/posts/29829500 "Federal Debt and Modern Money" by Steven Hail & David Joy: https://www.global-isp.org/wp-content/uploads/PN-121.pdf "Is exchange rate depreciation inflationary?" by Bill Mitchell: https://billmitchell.org/blog/?p=32922     Podcast Description In this compelling first part of their annual Fauxbel Prize discussion, Patricia Pino and Christian Reilly are joined by economist Dr Phil Armstrong to dissect the most deceptive economic talking points of 2026. What emerges is a masterclass in identifying the subtle linguistic tricks that maintain public misunderstanding about how government finance actually works. The conversation begins with Christian's astute observation about the phrase 'the government *can* create money' - a seemingly innocent statement that actually perpetuates dangerous misconceptions. As the panel explores, there's a world of difference between saying the government 'can' create money versus acknowledging that it 'does' create money with every pound it spends. This distinction matters because it allows economists and pundits to maintain outdated frameworks whilst appearing to acknowledge MMT insights. Dr Armstrong brings his characteristic clarity to explaining the consolidated view of government and central bank operations, illustrating why all government spending necessarily involves money creation. Using vivid analogies - from goldfish that must swim in water to the government's unique relationship with the Bank of England - he demonstrates why currency-issuing governments are fundamentally different from currency users like households or businesses. The discussion then tackles the politically damaging notion that governments should only 'borrow to invest'. Patricia explains why this framing misunderstands the true function of deficits whilst inadvertently supporting neoliberal arguments for privatisation. The panel reveals how this seemingly progressive talking point actually reinforces the household analogy and hands ammunition to fiscal conservatives. In his analysis of the 'public debt time bomb' narrative, Phil turns conventional wisdom on its head by pointing out that if foreign debt holdings were truly a source of power, then Britain - as the second-largest holder of US Treasury securities - would presumably have a decisive degree of control over America's economic destiny. Throughout, the conversation illuminates core MMT principles: the operational reality of government spending, the true nature of government bonds as private sector savings, and why exchange rate concerns, whilst legitimate, shouldn't drive us back to defunct fiscal rules. The panel's analysis reveals how even well-intentioned progressive economists can inadvertently perpetuate harmful misconceptions about monetary sovereignty.   =========== Key Topics with Timestamps [02:15] Introduction to the Fauxbel Prize concept[05:30] "Government can create money" vs "does create money"[12:45] The consolidated view of government and central bank[18:20] Why all government spending is money creation[25:10] "Borrowing to invest" - the progressive own goal[35:45] Historical context: Keynes and bifurcating budgets[42:30] The "Tap" system vs bond auctions[48:15] "Public debt = time bomb" narrative analysis[55:40] Exchange rate concerns and industrial policy   ========= Guest Bio Dr Phil Armstrong - Economist and author of "Can Heterodox Economics Make a Difference?". Researcher with expertise in monetary operations and MMT analysis. Key Takeaways Language matters: The difference between "can" and "does" in describing government money creation shapes public understanding All government spending creates new money: Currency-issuing governments cannot spend previously collected money - every expenditure creates new money The "government borrowing to Invest" narrative is counterproductive: This framing reinforces household analogies and supports privatisation arguments A government "debt" clock is a national SAVINGS clock: Government debt represents private sector savings, not a burden Exchange rate policy needs strategy: Arbitrary fiscal rules won't address structural economic vulnerabilities   ===============   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767   Scotland's Festival of Economics (Edinburgh and online)  19th - 21st March 2026: https://www.scoteconfest.org/#learnmore   JOIN PATRICIA'S MMT ACTIVIST NETWORK (MMT UK): https://actionnetwork.org/forms/activist-registration-form   Join the MMT UK Discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR   MMT: THE MOVIE! "Finding The Money", a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https://findingthemoney.vhx.tv/products/finding-the-money Updates on worldwide screenings of "Finding The Money" can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of "Finding The Money", apply here: https://findingmoneyfilm.com/host-a-screening/   STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/     For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/     For a short, non-technical, free ebook explaining MMT, download Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf     Episodes on monetary operations:  Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683  Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929    For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true    Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on bank runs banking regulation:  Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses: More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT and real-world economics are here: https://modernmoneylab.org.au/     Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers": https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757     We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos     Show notes: https://www.patreon.com/posts/151023856

The moment we realized “liquidity” isn't a theory Thirteen years ago, Lucas and I thought we were being responsible by storing a lot of our capital in gold and silver. It felt safe. It felt timeless. It felt like the kind of move people make when they're thinking long-term. And then we needed cash. https://www.youtube.com/watch?v=M3go-H641ZU Not someday. Not “in retirement.” We needed liquidity for real life—building a business, making decisions, moving when opportunities showed up. And in that moment, we learned something the hard way: an asset can be valuable and still be a terrible place to store accessible capital. The spot price was down. We had to sell at the wrong time, and that's when the question got painfully simple: Where do you store capital so you can access it when you want it—without losing control, without begging permission, and without being at the mercy of timing? That question is what led us to build what we now call our family banking system—and in this Part 6 case study, we're pulling back the curtain again. In this Marshall Family Banking System Case Study: In-Force vs Original Illustration (Part 6), Bruce Wehner and I walk you through the real mechanics: premium paid, cash value, loan availability, in-force illustrations, original projections, and what actually changed over time. The moment we realized “liquidity” isn't a theoryWhat you'll learn from this Marshall Family Banking System case studyWhat is a family banking system?Why we started: liquidity, then legacyFamily banking system case study: our “13-year” system with a reset (1035 exchange)Premium paid vs cash value: the real numbers (round terms)Cash value vs loan value in a family banking system“Do you still earn dividends with a policy loan?”How a family banking system works year-to-year: the numbers keep risingIn-force illustration vs original illustration: why our numbers changedWhy illustrations change (dividends change)The compounding effect: what changed by age 75Break-even in a family banking system: what it means and what it doesn'tWhat's inside an annual statement: dividends, PUAs, and how death benefit risesPaid-up additions rider (PUA) and compoundingDirect vs non-direct recognition: what to knowAnnual premium payment and “premium refund”: a detail most people missThe core mindset shift: this is about control of capitalWhat this Part 6 case study provesListen to the full episodeFAQWhat is a family banking system?Is a family banking system the same as Infinite Banking?Why pay whole life premiums annually in a family banking system?When does a family banking system using whole life insurance break even?What is a whole life insurance policy in-force illustration?Why does a whole life insurance policy's in-force illustration differ from the original illustration? What you'll learn from this Marshall Family Banking System case study If you've ever looked at a whole life insurance illustration and wondered, “Can I trust these numbers?” you're not alone. And if you've ever asked: “What happens to cash value when you take a policy loan?” “Do you still earn dividends with a policy loan?” “How do I compare an in-force illustration vs original illustration?” “When does a family banking system break even?” …then this article is for you. This is Part 6 in our series, and it's designed to help you understand how a family banking system works using real policy performance—not theory, not hype, and not marketing claims. Here's what you'll gain by reading: A clear picture of family banking system with whole life insurance and why we use it What our numbers look like (in round terms) after years of funding The difference between cash value vs loan value (and why that matters) Why in-force results can differ from the original illustration How dividends changing over time can materially impact long-range projections Why we're still committed—and why this is about control, not “rate of return” What is a family banking system? A family banking system is a capital control system—built to give your family a dependable place to store cash, grow it steadily, and access it on demand. Bruce and I both see this with families every day: the biggest stress isn't usually “investment performance.” It's capital access. It's the ability to make a decision when life happens—without panic, without selling assets at the wrong time, and without losing future opportunity because you couldn't move quickly. For us, our family bank is built on whole life insurance cash value from a mutual company, structured intentionally for: Liquidity and access Predictable growth (guarantees + non-guaranteed dividends) A growing death benefit for multi-generational wealth The ability to borrow against the policy while the cash value continues to compound And I want to say this plainly: this is not an investment.This is savings. This is capitalization. This is a financial foundation from which you can invest with confidence. That distinction matters. Why we started: liquidity, then legacy We started this journey because we needed liquidity. Later, we realized something deeper: a family banking system is not just about “having cash.” It's about building a structure that can last. After my near-death experience, our perspective on money and estate planning shifted permanently. We began asking a different question: What would it look like to leave our children more than money—while also leaving them a financial system that works? That's where the multi-generational aspect of this became central. Lucas said it simply in the episode: it's for now and for the future. Family banking system case study: our “13-year” system with a reset (1035 exchange) One important clarification: when we say “13-year update,” it's because the concept has been in our family for 13+ years. But the specific policies we're showing in this case study are newer because we did a 1035 exchange—moving cash value from one policy to new policies. That move effectively hit a reset button in terms of what you'll see on the current policy timeline. So while the family banking system is 13+ years in, these particular contracts are five policy years into the current structure. That matters, because a lot of people look at year 1–5 and get discouraged. In early years, policies have costs, and break-even in whole life insurance doesn't happen immediately. But “break-even” isn't the only goal—and really it's not even the most important measurement. Premium paid vs cash value: the real numbers (round terms) Let's make this tangible. At the time we pulled these figures (Watch the YouTube video to see all the numbers): We had paid a little over $300,000 in total premium into the two policies Our total cash value (if we paid off the outstanding loan) was roughly $282,000 The amount we could access as a loan (if we paid off the outstanding loan) was roughly $260,000 We currently had a policy loan of about $48,000 With that loan in place: Cash value showed lower (because of mechanics like premium refund timing and reporting) The available loan value was lower (because part of the cash value is collateralized by the loan) Here's the key takeaway for your own family banking system with whole life insurance: Cash value vs loan value in a family banking system Cash value is the pool. Loan value is how much the company will allow you to borrow against that pool. When you take a policy loan, you are not “withdrawing” your cash value. You're using the insurance company's money and collateralizing your cash value. That means: Your cash value can keep compounding You can repay the loan and free up borrowing capacity again You are not interrupting the internal growth the same way you would if you pulled money out of a bank account Bruce made this point clearly: banks stop paying you interest on money you remove. With policy loans, the system behaves differently because you're borrowing against the reserve, not pulling your capital out. “Do you still earn dividends with a policy loan?” In our case, yes—because our company is non-direct recognition. That means the company does not reduce the dividend crediting due to the presence of a loan. (Some companies do recognize the loan and adjust dividends; those are direct recognition companies.) Bruce's point was balanced, and I agree: it's not that one is “good” and the other is “bad.” There are tradeoffs. There are no solutions—only compromises. But you need to understand which kind you have, because it affects how policy loans show up in performance over time. How a family banking system works year-to-year: the numbers keep rising One of the most encouraging things we've seen is simple: The amount we can borrow has continued to increase year after year. A family banking system is not built for bragging rights. It's built for usability. The question isn't “What's the highest theoretical projection?”The question is “How much capital can I access when I need it—without breaking my plan?” When you consistently fund a system, you build a growing reservoir of capital that you control. This is why we call it an “emergency/opportunity fund.” It's there for emergencies and opportunities. In-force illustration vs original illustration: why our numbers changed Now let's get to the core of this Part 6 case study: Marshall Family Banking System Case Study: In-Force vs Original Illustration (Part 6) is about comparing the illustration you get when you start… versus the illustration you get after real years of performance. Here's what we showed: The original illustration used the dividend crediting rate at the time the policy was issued and projected it out to age 121.

If you're going to own a fleet of vehicles, why wouldn't you finance them through your own banking system instead of the bank's? In this episode of Without the Bank, we break down one of the most misunderstood—and powerful—chapters in Nelson Nash's Becoming Your Own Banker: equipment financing. WTB Episode 256 walks through how capitalizing a properly designed life insurance system allows business owners to finance trucks, equipment, and big-ticket items while building equity in the right place—their own banking system. This episode clears up common confusion around "extra interest," explains why premium is what actually makes you money, and shows how scaling vehicle financing works—from one truck to an entire fleet. No magic. No shortcuts. Just math, discipline, and control. Key Takeaways: Why equity in equipment is limited—and banking equity isn't The real meaning of "extra interest" (hint: it's additional premium) Why you don't make money just by taking policy loans How financing one, two, three, or four vehicles simply scales the same system Why capitalizing first gives you flexibility when business gets hard How policies must be structured as a system, not a single policy Chapters: (00:00) Why fleet owners should think differently about financing (01:01) Capitalizing on the policy before buying equipment (03:07) Equity in the wrong place vs. the right place (06:05) "Extra interest" explained (and why it's misunderstood) (10:38) Financing one truck step-by-step (13:59) Scaling to multiple vehicles (17:06) Using the system beyond trucks (taxes, real estate, equipment) Want help structuring your own banking system? Buy the book, read it, and then schedule a strategy call with our team today. Read the chapter. Run the numbers. Don't overcomplicate it. Links Mentioned: Without the Bank: https://www.withoutthebank.com  Contact: maryjo@withoutthebank.com tarisa@withoutthebank.com

More than 30% of countries around the world are facing severe US economic sanctions causing mass suffering, hunger, and death. From Cuba, to Venezuela, to the DPRK, and now even to traditional US allies who are being targeted with tariffs and other economic threats unless they bow to the demands of the Trump administration. Richard Wolff explains that these are the efforts of an empire that is in decline but still possesses military and economic weapons that can do great damage to those who try to maintain independence from Wall Street and the White House.Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.Join the The Socialist Program community at http://www.patreon.com/thesocialistprogram to get exclusive content and help keep this show on the air.

In this episode of Geopolitics with Ghost, Ghost focuses on two interconnected developments with major geopolitical implications. The discussion centers on President Trump's closed-door meeting with Colombian President Gustavo Petro and why the lack of U.S. media coverage around that meeting matters. Ghost walks through what was reported internationally, including Petro's comments on drug trafficking, sanctions, and cooperation with the United States, as well as the surprising tone shift following months of public tension between the two leaders. The episode then turns to the evolving Credit Suisse story and its broader connection to the global banking system. Ghost explores how financial institutions, cartel money laundering, sanctions, and political pressure intersect, and why these issues may explain the silence from legacy media. Throughout the episode, Ghost ties these developments to larger shifts in power, transparency, and accountability within the international financial and political landscape.

Summary   In this episode, Blockchain Wayne interviews Bitcoin Bubba, exploring his journey from carpentry to the world of cryptocurrency and AI. They discuss the evolution of technology, the impact of blockchain on trust and transparency, and the future of digital art through NFTs. Bubba shares insights on the NOLAverse, a new digital economy, and emphasizes the importance of adapting to technological changes. The conversation also touches on data privacy, ownership, and the cultural significance of art in the digital age, concluding with advice for listeners on investing and finding their place in this rapidly changing landscape.   Learn more about Nolaverse: https://www.nolaverse.io/  Learn more about Bitcoin Bubba Art: https://link.me/bitcoinbubbaart  See Bitcoin Bubba's art: https://www.bitcoinbubbaart.com/     Takeaways   Bitcoin Bubba transitioned from carpentry to cryptocurrency to change his life. Agentic AI is about learning and automating tasks for users. Blockchain technology enhances trust and transparency in transactions. The NOLAverse aims to create a sophisticated digital economy. NFTs are evolving beyond simple digital images to functional assets. Investing in technology is crucial for future success. Data privacy and ownership are becoming increasingly important. The banking system is adapting to the rise of cryptocurrency. Finding the right community can significantly impact personal growth. Continuous learning about technology is essential for staying relevant.   Chapters   00:00 Introduction to Bitcoin Bubba 01:08 Journey from Carpentry to Crypto 03:05 Understanding Agentic AI and Its Impact 05:30 The Evolution of Technology and Jobs 09:16 Blockchain: Trust and Transparency 10:47 The NOLAverse: A New Digital Economy 12:50 NFTs and the Future of Digital Art 19:32 The Banking System and Cryptocurrency 27:43 Investing in the Future: Strategies and Insights 35:49 Building Infrastructure for Tomorrow 41:19 Data Privacy and Ownership in the Digital Age 47:29 Art, Technology, and Cultural Preservation 56:24 Final Thoughts and Advice for the Future

Davos 2026 just said the quiet part out loud. Globalists, bankers, and central planners are admitting their system is broken while Bitcoin keeps winning. From government spending fraud to banks lending your money without permission, this episode shows why the old model is collapsing and why Bitcoin threatens both banks and central banks.SPONSORS✅ Ledn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.nmj1gs2i.com/9W598/9B9DM/?source_id=podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Simply Bitcoin clients get 0.25% off their first loanNeed liquidity without selling your Bitcoin? Ledn has been the trusted Bitcoin-backed lending platform for 6+ years. Access your BTC's value while HODLing.

Australian property prices are often treated as a national scoreboard—up means success, down means failure.But what if that assumption is wrong? In this episode, we interrogate one of the most polarising ideas in housing today: that Australia's obsession with ever-rising property prices is doing more harm than good.Joining Veronica and Chris is Adam Schwab, founder of Luxury Escapes and a sharp, outspoken commentator on economics, inflation, and corporate behaviour. Coming from outside the property industry, Adam brings a contrarian lens to housing—questioning whether property has become an unproductive asset, how easy credit and government incentives have distorted prices, and why policies like 5% deposit schemes may be helping vendors more than buyers.The conversation digs deep into rental yields versus capital growth, the role of the RBA in inflating asset prices, and why high house prices don't actually benefit most owner-occupiers. Adam challenges the idea that owning property equals success, arguing that Australia's fixation on housing is crowding out productive investment, innovation, and long-term economic resilience.This is a robust, sometimes uncomfortable discussion about incentives, risk, and who really wins when property prices keep climbing. If you care about affordability, fairness, and the future of Australia's economy — not just short-term price movements—this episode will force you to rethink what “good” housing policy actually looks like.Episode Highlights00:00 — Introduction to the Episode and Guest00:56 — Adam Schwab's Contrarian Views on Property01:37 — Debating Property Prices and Investment02:49 — Renting vs. Buying: A Financial Analysis05:43 — The Impact of High Property Prices on Society19:02 — Monetary Policy and Housing Market26:50 — Reverse Mortgages and Their Implications27:32 — The 40-50 Year Loan Debate28:31 — Government Policies and Housing Market29:09 — Economic Logic vs. Political Motives29:33 — Risks of New Property Incentives31:22 — Banking System and Housing Bubble33:41 — Immigration and Housing Affordability35:28 — Leveraging and Property Investment42:20 — Comparing Property to Other Investments47:53 — Global Talent and Property Prices49:51 — Concluding Thoughts on Property MarketAbout the GuestAdam Schwab is the co-founder of Luxury Escapes, one of Australia's most successful global travel businesses, which he helped scale into a billion-dollar brand. Beyond entrepreneurship, Adam has built a parallel career as a respected financial journalist and commentator, known for his sharp critiques of corporate behaviour, economic policy, and market incentives.He is also the co-host of The Contrarians podcast, where he regularly challenges mainstream narratives on markets, inflation, and government intervention. Unafraid to question sacred cows — including Australian property — Adam brings an outsider's perspective grounded in economic fundamentals rather than industry orthodoxy.In this episode, Adam applies that contrarian mindset to housing, offering candid insights into why Australia's property system rewards asset inflation over productivity, how easy credit fuels bubbles, and why policy settings may be entrenching inequality rather than solving it.Connect with AdamAdam's LinkedIn

Learn how Infinite Banking expert, Jayson Lowe ( ⁨@BankersVault⁩ ) structures his family banking system and the frameworks he uses with his own family to teach the process and create a legacy. Watch Part 1: How to Create a Family Banking System Using Life Insurance - https://youtu.be/O_E-y2n2fzQ Want a Life Insurance Policy? Go Here: https://bttr.ly/bw-yt-aa-clarity Want FREE Whole Life Insurance Resources & Education? Go Here: https://bttr.ly/yt-bw-vault Want Us To Review Your Permanent Life Insurance Policy? Click Here: https://bttr.ly/yt-policy-review ______________________________________________ Learn More About BetterWealth: https://betterwealth.com ==================== DISCLAIMER: https://bttr.ly/aapolicy *This video is for entertainment purposes only and is not financial or legal advice. Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

Patricia & Christian talk to economist Dr Sam Levey about films set in the world of finance, including Trading Places, The Big Short, The Wolf Of Wall Street, Boiler Room and Inside Job. (Conversation recorded in 2023).   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   LIVE EVENT! THE FAUXBEL PRIZE IN ECONOMICS 2026

The biggest threat to consumer financial health isn't inflation, stagnant wages, or market volatility, but the financial system itself. Not because it's failing, but because it's been silently optimized to benefit the most educated, the wealthiest, and the most sophisticated players. In the new book Fixed, a harsh truth is revealed: from daily saving and borrowing to education loans, insurance, and retirement planning, personal finance is designed to disadvantage the very people it seeks to help. Complexity becomes a source of profit. Friction turns into a deliberate feature. And billions of people, from young families to aging retirees, are left making high-stakes decisions within a system stacked against them. Today on Banking Transformed, I'm joined by the co-author of the book, Tarun Ramadorai. We explore how we got here, why consumers struggle with even the most basic financial choices, and most importantly, what it will take to restore fairness, trust, and transparency. If you care about the future of consumer banking, financial well-being, or rebuilding confidence in the system, this is a conversation you can't afford to miss.

Visit our website:https://www.thewealthwarehousepodcast.com/Unwrap a Christmas-week convo on control, liquidity, and the Infinite Banking Concept!Dave and Paul read listener emails to start off the episode (including one that calls out Paul directly) – and get into some bigger concepts from there like:Keeping cash flowing and using mortgages/HELOCs strategically, rather than rushing to pay off a house.They also break down refinancing vs. liquidity, how to move equity out of your walls and into policies, and why “becoming your own banker” is a business you build, not a get-rich-quick play.Becoming Your Own Banker by Nelson Nash:https://infinitebanking.org/product/becoming-your-own-banker/ref/46/Episode Highlights:0:00 - Intro1:11 - Episode beginning3:22 - Quick note4:05 - First email: “I should've gone bigger”5:48 - Second email: “Stop using banks, mortgages”8:23 - “Money has to flow”12:35 - Using the bank as a tool19:47 - Creating your own banking system30:56 - Episode wrap-upABOUT YOUR HOSTS:David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a M.A. in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.Visit our website:https://www.thewealthwarehousepodcast.com/Catch up with David and Paul, visit the links below!Website: https://infinitebanking.org/agents/Fugere494https://infinitebanking.org/agents/Befort399LinkedIn:https://www.linkedin.com/in/david-a-befort-jr-09663972/https://www.linkedin.com/in/paul-fugere-762021b0/Email:davidandpaul@theibcguys.com

Understand How Banks Really Work—And How They Quietly Shape The Entire Economy. How Banks Invent Money Legally: • How Banks Invent Money Legally   Invest in yourself today: https://www.alux.app We put together a FREE Reading List of the 100 Books that helped us get rich: https://www.alux.com/100books Tools: Protect yourself online with NordVPN: https://www.nordvpn.com/alux Get a free audiobook when you sign up: https://www.alux.com/freebook Start an online store today: https://www.alux.com/sell Sell an online course: https://try.thinkific.com/f5rt2qpvbfok - Get Rich Playlist:    • Get Rich Playlist - Alux.com   Take Action Playlist:    • TAKE ACTION by Alux.com   All Sunday Motivational Videos:    • Sunday Motivational Videos   Book Club:    • Alux.com's Book Club   - Social Media:  / alux    / alux    / aluxcom   --- Alux.com is the largest community of luxury & fine living enthusiasts in the world. We are the #1 online resource for ranking the most expensive things in the world and frequently referenced in publications such as Forbes, USAToday, Wikipedia and many more, as the GO-TO destination for luxury content! Our website: https://www.alux.com is the largest social network for people who are passionate about LUXURY! Join today! SUBSCRIBE so you never miss another video: https://goo.gl/KPRQT8 -- To see how rich is your favorite celebrity go to: https://www.alux.com/networth/ -- For businesses inquiries we're available at: https://www.alux.com/contact/

Patricia and Christian talk to Professor Steven Hail about some of the tricky questions progressive leaders and activists are facing. The conversation explores Zack Polanski's bold media messaging, bond market myths, and the historic opportunity for MMT-informed politics in the UK.   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   LIVE EVENT! THE FAUXBEL PRIZE IN ECONOMICS 2026

Patricia and Christian talk to Professor Steven Hail about some of the tricky questions progressive leaders and activists are facing. The conversation explores Zack Polanski's bold media messaging, bond market myths, and the historic opportunity for MMT-informed politics in the UK.   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   LIVE EVENT! THE FAUXBEL PRIZE IN ECONOMICS 2026

Support the show

(Part 2) Patricia and Christian talk to Dr Phil Armstrong about the upcoming UK budget, and Green Party leader Zack Polanski's positive views of MMT.   Full conversation here: https://www.patreon.com/posts/142975558   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767   LIVE EVENT! THE FAUXBEL PRIZE IN ECONOMICS 2026

(Part 1) Patricia and Christian talk to Dr Phil Armstrong about the upcoming UK budget, and Green Party leader Zack Polanski's positive views of MMT.   Full conversation here: https://www.patreon.com/posts/142975558   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767   LIVE EVENT! Scotland's Festival of Economics (Edinburgh and online)  19th - 21st March 2026: https://www.scoteconfest.org/#learnmore   JOIN PATRICIA'S MMT ACTIVIST NETWORK (MMT UK): https://actionnetwork.org/forms/activist-registration-form   JOIN THE MMT UK DISCORD SERVER TO CONNECT WITH OTHERS LOOKING TO PROMOTE MMT AND ECOLOGICAL ECONOMICS IN THE UK!: https://discord.gg/S3UbxFe4FR   MMT: THE MOVIE! "Finding The Money", a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https://findingthemoney.vhx.tv/products/finding-the-money Updates on worldwide screenings of "Finding The Money" can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of "Finding The Money", apply here: https://findingmoneyfilm.com/host-a-screening/   STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/   Relevant to this episode: "Universal Basic Income or a Job Guarantee?" The Gower Initiative for Modern Money Studies: https://gimms.org.uk/fact-sheets/universal-basic-income/ "Comparing Post-Keynesianism and Modern Monetary Theory: The Importance of Ontology and Sociology" (2025) By Neil Wilson and Phil Armstrong: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5337254  "Should we favour a Job Guarantee over a Universal Basic Income as a means of achieving a more socially just society?" by Catherine Armstrong: https://gimms.org.uk/2023/07/08/should-we-favour-a-job-guarantee-over-a-universal-basic-income-as-a-means-of-achieving-a-more-socially-just-society/ For more on the endogenous money view (the non-fringe, very mainstream view that bank loans create deposits, not the other way around), listen to episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 and episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers": https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html For more on the (Liz) Trussageddon, listen to Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 "How to Fight Back Against the False Idea that the Government is at the Mercy of Financial Markets" by Sheridan Kates: https://thealternative.org.uk/dailyalternative/2025/3/10/scotonomics-monetary-autonomy "There is no need to issue public debt" by Bill Mitchell: https://billmitchell.org/blog/?p=31715 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/     For a short, non-technical, free ebook explaining MMT, download Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf     Episodes on monetary operations:  Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683  Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929    For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true    Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on bank runs banking regulation:  Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses: More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT and real-world economics are here: https://modernmoneylab.org.au/     Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers": https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757     We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos     Show notes: https://www.patreon.com/posts/143438983?pr=true

AIB, PTSB and Bank of Ireland were responsible for 93% of new mortgage lending in September 2025, which is considerably higher than the 60% figure reported in 2018.Does this suggest that Ireland's banking system is dysfunctional?Charlie Weston, Personal Finance Editor with the Irish Independent, spoke to Matt on Wednesday.Hit the ‘Play' button on this page to hear the piece.

Today we learn Trump will pay 50% of food stamp benefits this month, but no more money after that. In Finances, we see the Reserve Bank of India calls for an Emergency Meeting over Liquidity in the Banking System. So it appears a Liquidity Crisis is upon us, and that is really bad news for the Financial Markets. 00:00 Intro 05:11 Food Stamps 07:25 Finances 15:01 Perfect Storm 16:45 Most Important Prophecies

Today we learn Trump will pay 50% of food stamp benefits this month, but no more money after that. In Finances, we see the Reserve Bank of India calls for an Emergency Meeting over Liquidity in the Banking System. So it appears a Liquidity Crisis is upon us, and that is really bad news for the Financial Markets. 00:00 Intro 05:11 Food Stamps 07:25 Finances 15:01 Perfect Storm 16:45 Most Important Prophecies

Today we learn Trump will pay 50% of food stamp benefits this month, but no more money after that. In Finances, we see the Reserve Bank of India calls for an Emergency Meeting over Liquidity in the Banking System. So it appears a Liquidity Crisis is upon us, and that is really bad news for the Financial Markets. 00:00 Intro 05:11 Food Stamps 07:25 Finances 15:01 Perfect Storm 16:45 Most Important Prophecies

In this episode of Bitcoin Simply, Dante Cook breaks down what's really happening in today's financial system and why it all points back to Bitcoin. As Warren Buffett offloads $184 billion in stocks and the Fed pumps another $50 billion into the system, Dante exposes the cracks forming in traditional finance and explains why Bitcoin stands as the ultimate escape hatch from a failing fiat world.SPONSORS✅ Ledn⁠⁠⁠⁠⁠⁠https://www.nmj1gs2i.com/9W598/9B9DM/?source_id=podcast⁠⁠⁠⁠⁠⁠Simply Bitcoin clients get 0.25% off their first loanNeed liquidity without selling your Bitcoin? Ledn has been the trusted Bitcoin-backed lending platform for 6+ years. Access your BTC's value while HODLing.

Cancel culture may be on the wane, but more insidious than social media mobs is the government's ability to cut controversial figures off from their finances through the process of de-banking. Matt Kibbe sits down with Jorge Jraissati, president of Economic Inclusion Group, to talk about this little-understood means of censorship that is a growing threat to individual liberty. As cash becomes less and less useful, we've become increasingly reliant on banks and credit card companies to allow us to conduct basic commerce. When that tool is taken away, it's the equivalent of being totally banished from society.

In this episode of Cashflow Legendz, Brandon and Nate dive into the fundamentals of building your own banking system, inspired by Nelson Nash's groundbreaking book Becoming Your Own Banker. They break down how the Infinite Banking Concept works, why traditional banks profit from your habits, and how you can flip the script to take control of your financial future. Discover the mindset shift, practical steps, and powerful principles that can help you create a system where you become the banker — earning interest instead of paying it.

There are growing concerns - and a growing pile of evidence and reports - indicating the *shadow* banking system is suppressing potential losses for no legitimate reason. Here we examine where they are coming from and what the latest data shows. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------Sign up for our webinar on the Hidden Truth Behind Interest Rates:https://event.webinarjam.com/register/30/vpxv1tvg----------------------------------------------------------------Eurodollar University Memberships: What is a Eurodollar University membership? It's where understanding the monetary world isn't a mystery—it's a method.If you're serious about your financial education and want clarity in a world of volatility and massive uncertainty, you're in the right place. Mainstream education has left so many massive gaps on the most foundational concepts, making sense of everything is practically impossible otherwise. With our memberships, we'll fill in everything that you've been missing. https://eurodollar.university/memberships----------------------------------------------------------------S&P Global Private Credit: The Rising ‘Defaults'https://www.spglobal.com/market-intelligence/en/news-insights/resources/private-credit-the-rising-defaultsLincoln Internationalhttps://www.lincolninternational.com/news/the-lincoln-private-market-index-records-another-quarter-of-growth-in-q2/Bloomberg Default Warnings Start to Pile Up in Private Credit Markethttps://www.bloomberg.com/news/articles/2025-08-21/default-warnings-start-to-pile-up-in-the-private-credit-markethttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Want a Life Insurance Policy? Go Here: https://bttr.ly/bw-yt-aa-clarity Want FREE Whole Life Insurance Resources & Education? Go Here: https://bttr.ly/yt-bw-vaultWant Us To Review Your Life Insurance Policy? Click Here: https://bttr.ly/yt-policy-review00:00 - Introduction 02:19 - Ascendant Financial Business Model Overview05:50 - Financial Mindset: The Key to Long-Term Control and Success10:23 - What Most People Get Wrong About Infinite Banking12:23 - Why Clarity Matters in Financial Education14:40 - Life Insurance as a Tool for Wealth Building17:23 - How the Family Banking System Works22:50 - Spotting the Right Financial Opportunities23:53 - Teaching Financial Responsibility to the Next Generation27:30 - Understanding the "Be Your Own Banker" Strategy30:41 - Investing vs. Lending33:13 - Jason's Analogy for money flow36:27 - Liquidity and Opportunity Cost39:12 - How Cash Value Loans Work45:20 - Generational Wealth vs. Generational Values47:00 - Estate Planning and Protecting the Legacy51:00 - Golden Rules of Infinite Banking For the Next Generation55:00 - How Family Lawyers Manage and Monitor Transactions______________________________________________ Learn More About BetterWealth: https://betterwealth.com====================DISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice.Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

(Part 2) Patricia and Christian continue their conversation with Dr Phil Armstrong about recent events in the world of government budgeting, and the upcoming Anti-Austerity Conference on September 12th-13th.   Full conversation here: https://www.patreon.com/posts/135071185?pr=true&cr=true   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767   LIVE EVENTS! The Anti-austerity Conference (Bristol and online)  12th & 13th September: https://modernmoneylab.org.uk/events/bristol-conference-2025/   Modern Money Lab seminars featuring Dr Steven Hail - “Public Money for Public Good: Why MMT Matters” Amsterdam, 14th September Sheffield 20th & 21st September Vienna, 27th & 28th September All tickets: https://modernmoneylab.org.uk/events/      JOIN PATRICIA'S MMT ACTIVIST NETWORK (MMT UK): https://actionnetwork.org/forms/activist-registration-form   MMT: THE MOVIE! “Finding The Money”, a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https://findingthemoney.vhx.tv/products/finding-the-money Updates on worldwide screenings of “Finding The Money” can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of “Finding The Money”, apply here: https://findingmoneyfilm.com/host-a-screening/   STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/     Relevant to this episode XXXXX: “How to Fight Back Against the False Idea that the Government is at the Mercy of Financial Markets” by Sheridan Kates: https://thealternative.org.uk/dailyalternative/2025/3/10/scotonomics-monetary-autonomy For more on the endogenous money view (the non-fringe, very mainstream view that bank loans create deposits, not the other way around), listen to episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 and episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 XXXXX For more on the (Liz) Trussageddon, listen to Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 30 - Steven Hail: Understanding Government Bonds (Part 1) :https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2):  https://www.patreon.com/posts/29829500 “Federal Debt and Modern Money” by Steven Hail & David Joy: https://www.global-isp.org/wp-content/uploads/PN-121.pdf "There is no need to issue public debt” by Bill Mitchell: https://billmitchell.org/blog/?p=31715 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/     For a short, non-technical, free ebook explaining MMT, download Warren Mosler's “7 Deadly Innocent Frauds Of Economic Policy” here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf     Episodes on monetary operations:  Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683  Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929    For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true    Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on bank runs banking regulation:  Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses: More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT and real-world economics are here: https://modernmoneylab.org.au/     Order the Gower Initiative's “Modern Monetary Theory - Key Insights, Leading Thinkers”: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757     We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos   Show notes: https://www.patreon.com/posts/episode-201-we-2-138058582

Welcome to a provocative two-part special on "Impact Theory with Tom Bilyeu" featuring Hasan Piker, the fearless streamer, progressive commentator, and cultural critic known for his passionate takes on economics, politics, and the future of America. In Part 1 of this episode, Tom and Hasan pull no punches as they dive into the resurgent interest in socialism among young people, the perceived failures of capitalism, and the real roots of economic disenfranchisement. Hasan lays out the generational pressures facing the youth today: from unaffordable housing and wage stagnation to mounting inequality and corporate monopoly power. The conversation unpacks the intrinsic mechanics of both capitalism and socialism, exploring themes of wage labor, class tension, and corporate consolidation. Tom and Hasan dig into the impacts of banking, the Federal Reserve, and money printing—questioning whether the real culprit is capitalism, unchecked banking, or something deeper in the way we organize our economy. Together, they debate innovation, government intervention, and what really drives prosperity—and who's left behind. SHOWNOTES 00:00 – Welcome & Why Young People Turn To Socialism06:30 – The Banking System, Money Printing, and Federal Reserve20:01 – Asset Inflation and the Housing Market34:10 – Homes as Speculative Assets and Social Mobility42:49 – Addressing Fringe Perceptions of Socialism Follow Hasan Piker:Twitch: https://www.twitch.tv/hasanabiTwitter/X: https://twitter.com/hasanabiInstagram: https://www.instagram.com/hasandpikerTikTok: https://www.tiktok.com/@hasandpiker CHECK OUT OUR SPONSORS Vital Proteins: Get 20% off by going to ⁠https://www.vitalproteins.com⁠ and entering promo code IMPACT at check out Allio Capital: Macro investing for people who want to understand the big picture. Download their app in the App Store or at Google Play, or text my name “TOM” to 511511. SleepMe: Visit ⁠https://sleep.me/impact⁠ to get your Chilipad and save 20% with code IMPACT. Try it risk-free with their 30-night sleep trial and free shipping. Tailor Brands: 35% off ⁠https://tailorbrands.com/podcast35⁠Shopify: Sign up for your one-dollar-per-month trial period at ⁠https://shopify.com/impact⁠Hims: Start your free online visit today at ⁠https://hims.com/IMPACT⁠. Even Realities: Smart glasses, real style ⁠https://evenrealities.bio/6e396d⁠ What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business:⁠ ⁠⁠join me here at ZERO TO FOUNDER⁠ SCALING a business:⁠ ⁠⁠see if you qualify here.⁠ Get my battle-tested strategies and insights delivered weekly to your inbox:⁠ ⁠⁠sign up here.⁠ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast,⁠ Tom Bilyeu's Mindset Playbook⁠ —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** Join me live on my⁠ Twitch stream⁠. I'm live daily from 6:30 to 8:30 am PT at⁠ ⁠⁠www.twitch.tv/tombilyeu⁠ ********************************************************************** LISTEN TO IMPACT THEORY AD FREE + BONUS EPISODES on APPLE PODCASTS:⁠ ⁠⁠apple.co/impacttheory⁠ ********************************************************************** FOLLOW TOM: Instagram:⁠ ⁠⁠https://www.instagram.com/tombilyeu/⁠ Tik Tok:⁠ ⁠⁠https://www.tiktok.com/@tombilyeu?lang=en⁠ Twitter:⁠ ⁠⁠https://twitter.com/tombilyeu⁠ YouTube:⁠ ⁠⁠https://www.youtube.com/@TomBilyeu Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome to a provocative two-part special on "Impact Theory with Tom Bilyeu" featuring Hasan Piker, the fearless streamer, progressive commentator, and cultural critic known for his passionate takes on economics, politics, and the future of America. In Part 1 of this episode, Tom and Hasan pull no punches as they dive into the resurgent interest in socialism among young people, the perceived failures of capitalism, and the real roots of economic disenfranchisement. Hasan lays out the generational pressures facing the youth today: from unaffordable housing and wage stagnation to mounting inequality and corporate monopoly power. The conversation unpacks the intrinsic mechanics of both capitalism and socialism, exploring themes of wage labor, class tension, and corporate consolidation. Tom and Hasan dig into the impacts of banking, the Federal Reserve, and money printing—questioning whether the real culprit is capitalism, unchecked banking, or something deeper in the way we organize our economy. Together, they debate innovation, government intervention, and what really drives prosperity—and who's left behind. SHOWNOTES 00:00 – Welcome & Why Young People Turn To Socialism06:30 – The Banking System, Money Printing, and Federal Reserve20:01 – Asset Inflation and the Housing Market34:10 – Homes as Speculative Assets and Social Mobility42:49 – Addressing Fringe Perceptions of Socialism Follow Hasan Piker:Twitch: https://www.twitch.tv/hasanabiTwitter/X: https://twitter.com/hasanabiInstagram: https://www.instagram.com/hasandpikerTikTok: https://www.tiktok.com/@hasandpiker CHECK OUT OUR SPONSORS Vital Proteins: Get 20% off by going to ⁠https://www.vitalproteins.com⁠ and entering promo code IMPACT at check out Allio Capital: Macro investing for people who want to understand the big picture. Download their app in the App Store or at Google Play, or text my name “TOM” to 511511. SleepMe: Visit ⁠https://sleep.me/impact⁠ to get your Chilipad and save 20% with code IMPACT. Try it risk-free with their 30-night sleep trial and free shipping. Tailor Brands: 35% off ⁠https://tailorbrands.com/podcast35⁠Shopify: Sign up for your one-dollar-per-month trial period at ⁠https://shopify.com/impact⁠Hims: Start your free online visit today at ⁠https://hims.com/IMPACT⁠. Even Realities: Smart glasses, real style ⁠https://evenrealities.bio/6e396d⁠ What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business:⁠ ⁠⁠join me here at ZERO TO FOUNDER⁠ SCALING a business:⁠ ⁠⁠see if you qualify here.⁠ Get my battle-tested strategies and insights delivered weekly to your inbox:⁠ ⁠⁠sign up here.⁠ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast,⁠ Tom Bilyeu's Mindset Playbook⁠ —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** Join me live on my⁠ Twitch stream⁠. I'm live daily from 6:30 to 8:30 am PT at⁠ ⁠⁠www.twitch.tv/tombilyeu⁠ ********************************************************************** LISTEN TO IMPACT THEORY AD FREE + BONUS EPISODES on APPLE PODCASTS:⁠ ⁠⁠apple.co/impacttheory⁠ ********************************************************************** FOLLOW TOM: Instagram:⁠ ⁠⁠https://www.instagram.com/tombilyeu/⁠ Tik Tok:⁠ ⁠⁠https://www.tiktok.com/@tombilyeu?lang=en⁠ Twitter:⁠ ⁠⁠https://twitter.com/tombilyeu⁠ YouTube:⁠ ⁠⁠https://www.youtube.com/@TomBilyeu Learn more about your ad choices. Visit megaphone.fm/adchoices

Patricia and Christian talk to Dr Phil Armstrong about recent events in the world of government budgeting, and the upcoming Anti-Austerity Conference on September 12th-13th.   Full conversation here: https://www.patreon.com/posts/135071185?pr=true&cr=true   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767   LIVE EVENTS! The Anti-austerity Conference (Bristol and online)  12th & 13th September: https://modernmoneylab.org.uk/events/bristol-conference-2025/   Modern Money Lab seminars featuring Dr Steven Hail - “Public Money for Public Good: Why MMT Matters” Amsterdam, 14th September Sheffield 20th & 21st September Vienna, 27th & 28th September All tickets: https://modernmoneylab.org.uk/events/      JOIN PATRICIA'S MMT ACTIVIST NETWORK (MMT UK): https://actionnetwork.org/forms/activist-registration-form   MMT: THE MOVIE! “Finding The Money”, a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https://findingthemoney.vhx.tv/products/finding-the-money Updates on worldwide screenings of “Finding The Money” can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of “Finding The Money”, apply here: https://findingmoneyfilm.com/host-a-screening/   STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/     Relevant to this episode XXXXX: “How to Fight Back Against the False Idea that the Government is at the Mercy of Financial Markets” by Sheridan Kates: https://thealternative.org.uk/dailyalternative/2025/3/10/scotonomics-monetary-autonomy For more on the endogenous money view (the non-fringe, very mainstream view that bank loans create deposits, not the other way around), listen to episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 and episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 XXXXX For more on the (Liz) Trussageddon, listen to Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 30 - Steven Hail: Understanding Government Bonds (Part 1) :https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2):  https://www.patreon.com/posts/29829500 “Federal Debt and Modern Money” by Steven Hail & David Joy: https://www.global-isp.org/wp-content/uploads/PN-121.pdf "There is no need to issue public debt” by Bill Mitchell: https://billmitchell.org/blog/?p=31715 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/     For a short, non-technical, free ebook explaining MMT, download Warren Mosler's “7 Deadly Innocent Frauds Of Economic Policy” here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf     Episodes on monetary operations:  Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683  Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929    For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true    Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on bank runs banking regulation:  Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses: More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT and real-world economics are here: https://modernmoneylab.org.au/     Order the Gower Initiative's “Modern Monetary Theory - Key Insights, Leading Thinkers”: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757     We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

Policy loans are one of the most powerful tools in infinite banking, but they're not free money. In this episode, Hans and Brian dive deep into the strategic considerations around when to use policy loans, when to avoid them, and how to think through these decisions holistically.From philosophical approaches to practical examples, they explore the spectrum of policy loan usage in the infinite banking community, ranging from Nelson Nash's "cut out the snakes and dragons" philosophy to pure arbitrage-focused strategies. The hosts share real-world scenarios that illustrate the power of having control and optionality in your financial decisions.Through Brian's recent land purchase and various investment examples, they demonstrate why maintaining liquidity provides strategic advantages and how policy loans can be leveraged responsibly as part of a comprehensive wealth-building strategy.The Philosophy Spectrum of Policy Loans: The infinite banking community spans from Nelson Nash's "cut out the snakes and dragons" approach to pure arbitrage-focused strategies. Finding the middle ground means using policy loans strategically while maintaining core principles over the 17-20 year journey.You Finance Everything You Buy: Whether you pay cash or finance, you're always giving up opportunity cost. When you hand cash to a dealer, that money stops working for you and starts working for them. Understanding this helps frame policy loan decisions within your overall capital allocation.The Power of Having Options: Maintaining liquidity provides strategic advantages. Keeping cash reserves above emergency fund levels allows you to seize unexpected opportunities, while having multiple financing options creates optimal decision-making flexibility.When NOT to Use Policy Loans: Avoid using policy loans for daily expenses, laddering policies (using loans to fund new policies), and taking loans without a repayment plan. Policy loans require responsible banking practices despite their flexibility.Investment Arbitrage Considerations: A 10% minimum return threshold provides one framework for policy loan investments. Asset allocation models can guide decisions beyond simple interest rate arbitrage across real estate, private lending, and other investment categories.➡️ Chapters00:00 - The Power and Responsibility of Policy Loans01:00 - Current Economic Environment and Tax Policy05:00 - Policy Loan Decision Framework08:00 - The 17-20 Year Journey to Financial Independence12:00 - Car Dealership Financing vs Policy Loans16:00 - The Ability to Repay as a Position of Strength22:00 - Emergency vs Opportunity Funds29:00 - Invest to Live, Don't Live to Invest33:00 - Asset Allocation Over Pure Arbitrage39:00 - Personal Investment Thresholds and Strategies48:00 - What NOT to Use Policy Loans For52:00 - Future Windfalls and Repayment Planning54:00 -The Dangers of Policy LadderingGot Questions? Reach out to us at info@remnantfinance.com or book a call at www.remnantfinance.com/calendar!⁠Visit https://remnantfinance.com for more informationFOLLOW REMNANT FINANCEYoutube: @RemnantFinance (https://www.youtube.com/@RemnantFinance)Facebook: @remnantfinance (https://www.facebook.com/profile?id=61560694316588)Twitter: @remnantfinance (https://x.com/remnantfinance)TikTok: @RemnantFinance Don't forget to hit LIKE and SUBSCRIBE