Podcasts about pound sterling

This week on Extra Aunties, Ak, Farrah, Nana and Sade's special guest is Pound Sterling - who they've dubbed as the UK's Podfather. The Aunties speak to Pound about his journey from being a Rapper to becoming one of the UK's most influential podcast platforms. Navigating grief after losing one of his younger brothers, how important being a present father is and who is his Enemy of Progress ...

This week your favourite Aunties AK, Farrah, Nana and Sade are joined by the UK's Pod Father Pound Sterling.They get into their Enemies of Progress this week who include 00:00:00 Introduction with Podfather Mr Pound Sterling 00:02:28 Integrity and Podcasting00:08:02 Being the Eldest Son and Losing Brother00:17:20 How did you learn how to Rap?00:30:20 Being a Present Black Father01:04:16 Enemies of Progress: DJ Akademiks Controversy 01:15:48 Enemies of Progress: Tonights Conversation01:20:06 Celebrate Black Women in Podcasting01:24:06 Enemies of Progress: Boycott Target01:24:06 Enemies of Progress: M23 CONFLICT IN CONGO01:41:38 Enemies of Progress: Love and HipHop

The podcast is powered by JBL - Click here - https://bit.ly/3VL2khF and use code 90SBABY for 15% off all JBL products.Join this channel to get access to perks:https://www.youtube.com/channel/UCOIOo7ybnNFNdwjSCgYDtOw/joinCheck us out: https://90sbabyshow.komi.io/PLANTMADE: Click here https://bit.ly/44oLLJy and use discount code, “90SBBY15”, which enables customers to receive 15%* off their first order. Information around the specific products received can be found on the information cards provided in the package or on our website.Hello Fresh:HelloFresh has generously provided us with an exclusive offer available for a limited time. Click here http://www.hellofresh.co.uk/HELLO90SBABY to enjoy 60% off your first box, along with 20% off the next two months plus FREE DESSERTS FOR LIFE. Alternatively, you can use our code HELLO90SBABY.AVA ESTELL: Click here http://bit.ly/40zFutt and use discount code, “90SBABY20”, which enables customers to receive 20%* off their order.PO Box 5038 HORNCHURCH RM12 9JX @winnerstalkingpodcast Hosted on Acast. See acast.com/privacy for more information.

The podcast is powered by JBL - Click here - https://bit.ly/3VL2khF and use code 90SBABY for 15% off all JBL products.Join this channel to get access to perks:https://www.youtube.com/channel/UCOIOo7ybnNFNdwjSCgYDtOw/joinCheck us out: https://90sbabyshow.komi.io/PLANTMADE: Click here https://bit.ly/44oLLJy and use discount code, “90SBBY15”, which enables customers to receive 15%* off their first order. Information around the specific products received can be found on the information cards provided in the package or on our website.Hello Fresh:HelloFresh has generously provided us with an exclusive offer available for a limited time. Click here http://www.hellofresh.co.uk/HELLO90SBABY to enjoy 60% off your first box, along with 20% off the next two months plus FREE DESSERTS FOR LIFE. Alternatively, you can use our code HELLO90SBABY.AVA ESTELL: Click here http://bit.ly/40zFutt and use discount code, “90SBABY20”, which enables customers to receive 20%* off their order.PO Box 5038 HORNCHURCH RM12 9JX @winnerstalkingpodcast Hosted on Acast. See acast.com/privacy for more information.

The UK recently hit a huge milestone, according to the Department for Energy Security and Net Zero (DESNZ), the UK have reduced their Greenhouse Gas Emissions by 50% between 1990 and 2022.  The UK are the first major economy to achieve this, however we've still got a lot of work to do to meet our 2030 target of a 68% reduction. Over the past few years there have been a number of schemes aimed at businesses to help tackle their impact, specifically their energy consumption. Here in the UK, ESOS (The Energy Savings Opportunities Scheme) was introduced as an implementation of the EU Energy Efficiency Directive and has been a mandatory undertaking for large organisations that fit the criteria. Recently, that scheme has been updated and a number of changes have come into effect for Phase 3.  Ian Boylan, Chief Executive Officer at ISO Baseline, joins Mel to explain the recent changes to ESOS, how they affect organisations in the UK and EU and how ISO Baseline's software can help businesses consistently manage their energy consumption in alignment with ISO 50001 (The Energy Management Standard). You'll learn ·      Who are ISO Baseline? ·      What is the Energy Savings Opportunities Scheme (ESOS)? ·      What are the changes to ESOS? ·      How do the changes affect those who currently comply using ISO 50001 ·      What are the changes to the ESOS eligibility requirements? ·      How can ISO Baseline help businesses with their ISO 50001 and ESOS compliance?   Resources ·      ISO Baseline ·      Isologyhub ·      ISO 50001   In this episode, we talk about: [00:30] Join the isologyhub – To get access to a suite of ISO related tools, training and templates. Simply head on over to isologyhub.com to either sign-up or book a demo. [02:05] Episode summary: Today Mel is joined by guest Ian Boylan, Chief Executive Officer at ISO Baseline, to discuss the changes to The Energy Savings Opportunities Scheme (ESOS), and how the changes will affect the European Directive on energy management and energy reporting. [03:20] Who is Ian and ISO Baseline?  – Ian has been involved with ISO Standards for a number of years, starting with the technical aspects of building Management Systems, to working with Certification Bodies as an auditor for Management Systems. From this experience, Ian really got to understand the challenges that organisations face when implementing ISO Standards. Challenges such as maintenance to ensure they are achieving their requirements and objectives. Which is where the concept for ISO Baseline was born. Targeted specifically towards the Energy Management Standard ISO 50001, ISO Baseline's software allows organisations to manage their energy processes and provide evidence that you are meeting your energy objectives. [05:30] What features are included in ISO Baseline's software? – Features include: Energy reporting: Information can be displayed in graph or Sankey diagrams to help visualize your energy performance. Identification of opportunities: Any opportunities for improvement found in the provided energy report will be recorded in an ‘Opportunities Register' Financial Assessments: Work out life-cycle costs for assets, which can be used as a guide to establish possible savings by implementing suggested improvements. [07:25] What is ESOS?: ESOS was introduced when we were still a part of the European Union, when there was a European Directive on energy efficiency. It placed a requirement on member states in the EU to put together schemes for ensuring that large organisations undertake energy audits on a regular 4 yearly basis. In the UK this was adopted as the ESOS regulations. For many years, if a business's ISO 50001 certification scope covered all of its energy usage, then your business was considered compliant with ESOS. If you didn't have an ISO 50001 Management System in place, you would have to undertake energy audits once every 4 years, and have that reviewed, approved and signed off by a lead ESOS assessor. At the time, this had to cover 90% of your energy usage. One of the more updated inclusions into these regulations was the introduction of transport as a source of energy consumption. ESOS also included the requirement to identify significant energy consumption and propose a logical way to reduce energy consumption to improve energy performance. [11:30] Main changes to ESOS: Accounting for your energy consumption  – Instead of accounting for 90% of your total final energy consumption, you're now required to account for 95% of your total final energy consumption. The de minimis component of it has been reduced by 50% [012:30] Main changes to ESOS: Activity Metrics – All organisations will be required to develop activity metrics and as part of your audits you'll be required to submit those activity metrics. The aim of this is to allow the UK to effectively assess organisations over established periods (i.e. from Phase 3 to phase 4) to see if and how they are actually reducing their energy consumption. This could potentially lead to benchmarking, where organisations can be measured against each other. [14:45] Main changes to ESOS: Submitting Actions Plans – Previously, you just had to submit your completed audits and overall savings potential, now you will be required to submit a proposed Action Plan to improve your energy performance. You will also be required to report annually on your progress towards that Action Plan. So no longer can companies coast on simply paying to complete an Energy Audit exercise once every 4 years, now you will have to produce publicly available information that will hold organisations to account. Essentially a name and shame for organisations that choose to do nothing. [16:55] Making Actions Plans publicly available – Incidentally, it always has been a requirement that everything that has been reportable regarding resources should be accessible, but previously you were not required to produce Action Plans. So essentially now that will also become part of the publicly available information. [17:30] Making ESOS fit for purpose – When ESOS was introduced, there was already so much other legislation around in the UK, so the main focus then was to align them with one another and to ensure that they were all working towards a common purpose. In this update, it hasn't ultimately required you to determine your energy savings potential in carbon reduction, but quite obviously that would be a little bit ludicrous if an organisation went down this route and not to look at it from a carbon perspective, as It's only a tiny little additional step when you're doing it from a money perspective and an energy perspective to figure out what the carbon impact is. [18:30] Do you need help with your Carbon Reporting? – If you need assistance with GHG emission or SECR reporting, contact our sister company Carbonology®. [19:20] Join the isologyhub – Don't miss out on a suite of over 200+ ISO tools, templates and training, sign-up to become a member of the isologyhub [21:25] Main changes to ESOS: Confirming your compliance – There are different approaches that you will need to be aware of when submitting your evidence of compliance, and which one you use will depend on which route you're taking. For the full ISO 50001 route, you will need to complete the Annex 1 approach, which is a reduced reporting requirement where you do not need to use an ESOS lead Assessor to submit it on your behalf, the organisation can do it themselves. If you going down either the energy audit route or do not have 100% of your energy consumption covered by ISO 50001 – you will be reporting using the Annex 2 approach. This is where you still require a lead ESOS Assessor to work with you and provide final sign-off on that reporting. [24:15] Are there any changes in the eligibility requirements? – There aren't any major changes in ESOS's eligibility requirements. They have now updated the turnover amounts from Euro to Pound Sterling following our exit from the EU. [25:35] How will these changes impact organisations? – Organisations will have to adapt to a more proactive approach towards their energy reporting and management. No longer can you get away with doing an energy audit once every 4 years and then forgetting about it until the next Phase. You need to start looking at it from the perspective of annual reporting, as all this information is going to be publicly available every year, which is going to be scrutinized if you're seen to not be taking any significant action. Large organisations will be compared against each other, and if one is taking action every year to reduce its impact and another is doing nothing for 4 years, which do you think will gain a more favorable reputation? This level of accountability is long overdue, and will be of benefit to organisations in terms of potential cost savings through reduction of energy use, and also more importantly to the environment.   [30:00] How can ISO Baseline ISO 50001 help organisations with their ESOS compliance? – ISO Baselines tools and software are going to be the most benefit to organisations that have a real objective to improve energy performance. If you're just doing the bare minimum to meet requirements, then it's no for you. ISO Baseline ISO 50001 is a tool to help systemise your organisations approach to energy management. It can help to avoid a lot of the bureaucracy that can hold up progress, so you can spend your time focusing on the objectives and what the Management System is meant to lead to. Their software will guide you through the required processes involved with ISO 50001 Energy Management, including Internal Audit planning and completion, Management review, logging and addressing non-conformities and corrective actions. If You'd like to learn more about ISO Baseline and their software, check out their website. If you'd like to book a demo for the isologyhub, simply contact us and we'd be happy to give you a tour. We'd love to hear your views and comments about the ISO Show, here's how: ●     Share the ISO Show on Twitter or Linkedin ●     Leave an honest review on iTunes or Soundcloud. Your ratings and reviews really help and we read each one. Subscribe to keep up-to-date with our latest episodes: Stitcher | Spotify | YouTube |iTunes | Soundcloud | Mailing List

Welcome to Fintech Fridays, a brand new podcast segment by The Sound of Accra Podcast, exploring current financial trends and technology impacting the nation of Ghana, whilst analysing what that means for you and me, in micro episodes.  Happy December! If you are listening in December 2023, I'm confident a lot of you are preparing to jet over to Accra for the holiday festivities. If you are looking to transfer money within the country or convert your foreign money digitally to use in Ghana, then you definitely want to listen to this episode. Summary in This Week's episode Cedis depreciates from 15 Cedis to the Pound Sterling for the first time since March 2023: One of the reasons I suspect for the Cedis depreciating could be the Ghana Cocoa Board securing a loan from International Banks of a whopping $800 million dollars, to buy Cocoa from Farmers. The interest rate is at an all time high of 8% Mobile Money transactions in Ghana hits a Trillion Cedis: Mobile Money transactions in the first eight months of 2023 reached a record GH₵1.190 trillion, according to the September 2023 Summary of Economic and Financial Data from the Bank of Ghana.This is a jump from GH₵655.97 billion recorded during the same period in 2022. It's clear for sure that Mobile Money has increased in usage despite the E-levy. Bank of Ghana suspends money transfers for Top Remittance and Fintech apps: The Bank of Ghana have suddenly blocked the activity of many African based and international Fintech and Remittance apps, including Lem-fi, Xoom by PayPal, Boss Revolution, Wise and many others, in mid-november, because they did not have approval from the Bank of Ghana. This is according to the Foreign Exchange Act 2006. Car Loans to be available through Ghana Card: Now, have you got a Ghana card and living in Ghana? You soon could qualify to apply for Car Loans. The Ghana card is gradually becoming the gateway to ghana in all things buying and selling. It is the main digital ID issued to citizens and foreigners in Ghana. It is required for almost every public and private sector transaction – from applying for a passport, to financial and business transactions, to registering a SIM card, to finding employment, among other uses. Our Socials YouTube: https://youtube.com/thesoundofaccrapodcast Instagram: https://www.instagram.com/thesoundofaccra/ TikTok: https://www.tiktok.com/@thesoundofaccra  Twitter: https://twitter.com/thesoundofaccra Facebook: https://web.facebook.com/thesoundofaccra Linkedin: https://gh.linkedin.com/company/the-sound-of-accra   Our Website: https://thesoundofaccra.com   Sponsor a podcast series or segment https://thesoundofaccra.com/sponsorship/  Learn how to start, launch and monetise a podcast and acquire your first 1000 listeners: https://atozpodcasting.com Register your interest for our private community for entrepreneurs and creatives https://thesoundofaccra.com/community/  Leave us feedback https://thesoundofaccra.com/feedback/  Leave us a review https://ratethispodcast.com/thesoundofaccra    Listen to more episodes below  https://thesoundofaccrapodcast.podbean.com/  All our other links  https://linktr.ee/thesoundofaccrapod

To commemorate the anniversary of Trussonomic Mini-budgeting, Christian talks to Professor John T. Harvey about what determines currency prices and more.   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!   Economics Of The Real World (Edinburgh, Scotland 21st March 2024): https://scotonomics.scot/live-events/ Scotonomics Festival Of Economics (Dundee, Scotland 22-24th March 2024): https://scotonomics.scot/live-events/   Order the Gower Initiative's “Modern Monetary Theory - Key Insights, Leading Thinkers”: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   Relevant to this episode: All our episodes with John T. Harvey: https://www.patreon.com/posts/44371783 John's Cowboy Economist channel: https://www.youtube.com/@cowboyeconomist8126 John's Forbes blog: https://www.forbes.com/sites/johntharvey/?sh=4ec648f3685c “Taxes For Revenue Are Obsolete” by Beardsley Ruml: https://realprogressives.org/taxes-for-revenue-are-obsolete/ “Money Growth Does Not Cause Inflation!” by John T Harvey: https://realprogressives.org/money-growth-does-not-cause-inflation/ Our episodes with Dr Sam Levey about war mobilisation: Episode 32 -How Uncle Sam Paid For World War II (part 1): https://www.patreon.com/posts/30005574, (part 2) https://www.patreon.com/posts/30112818, Episode 76: MMT For Mainstream Economists And Mobilisation Theory (part 1): https://www.patreon.com/posts/43697752, (part 2): https://www.patreon.com/posts/43886189     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      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 Silicon Valley Bank and bank runs: 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 are here: https://modernmoneylab.org.au/     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/89667799?pr=true

Dominic Cummings is a major historical figure in UK politics. He helped save the Pound Sterling, led the Vote Leave campaign, Got Brexit Done, and guided the Tories to a landslide general election victory. His time in No. 10 Downing Street as Boris Johnson's Chief Advisor was one of the most interesting and impactful periods in modern UK political history. Dom and Steve discuss all of this and more in this 2-hour episode.Steve and Dominic discuss:0:00 Early Life: Oxford, Russia, entering politics16:49 Keeping the UK out of the Euro19:41 How Dominic and Steve became acquainted: blogs, 2008 financial crisis, meeting at Google27:37 Vote Leave, the science of polling43:46 Cambridge Analytica conspiracy; History is impossible48:41  Dominic on Benedict Cumberbatch's portrayal of him and the movie “Brexit: The Uncivil War”54:05 On joining British Prime Minister Boris Johnson's office: an ultimatum1:06:31 The pandemic1:21:28 The Deep State, talent pipeline for public service1:47:25 Quants and weirdos invade No.101:52:06 Can the Tories win the next election?1:56:27 Trump in 2024? References:Dominic's Substack newsletter: https://dominiccummings.substack.com/Music used with permission from Blade Runner Blues Livestream improvisation by State Azure.--Steve Hsu is Professor of Theoretical Physics and of Computational Mathematics, Science, and Engineering at Michigan State University. Previously, he was Senior Vice President for Research and Innovation at MSU and Director of the Institute of Theoretical Science at the University of Oregon. Hsu is a startup founder (SafeWeb, Genomic Prediction, Othram) and advisor to venture capital and other investment firms. He was educated at Caltech and Berkeley, was a Harvard Junior Fellow, and has held faculty positions at Yale, the University of Oregon, and MSU.Please send any questions or suggestions to manifold1podcast@gmail.com or Steve on Twitter @hsu_steve.

Get Opto's best content every day, by subscribing to our FREE Newsletter: www.cmcmarkets.com/en/opto/newsletterMichael Kao is CIO and Portfolio Manager of the Kao Family Office and is well-known for coining ‘the Dollar Wrecking Ball', a metaphor to describe Dollar hegemony.Having traded commodities at J.Aron and Goldman in the early 90s, Michael's worldview embraces the significance of Oil. And subsequent experiences at Canyon Partners, a credit-oriented hedge fund, as well as the launch of his own investment firm, Akanthos Capital Management, leave Michael uniquely placed to provide a truly holistic view of what moves markets.While the US Dollar has appreciated enormously against a basket of international currencies, from Pound Sterling to the Japanese Yen, I ask Michael if the Dollar is too strong for its own good, and if so, how long could this historic Dollar strength last? Enjoy!Check out Michael's discussion on Demetri Kofinas's Hidden Forces: https://hiddenforces.io/podcasts/dollar-milkshake-wrecking-ball-brent-johnson-michael-kao/Thanks to Cofruition for consulting on and producing the podcast. Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter------------------Past performance is not a reliable indicator of future results.CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment, or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person.The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.CMC Markets does not endorse or offer opinions on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

Greetings all, hope you had a better week than the UK. The battle between saving pensions vs. saving the Pound-Sterling lingers on as the Minister of Finance was sacked; and the new plan proposed: pretend the proposed plan a few weeks ago by Liz Truss never happened. Meanwhile, here in the States, the soft landing is almost certainly out of the question as Bloomberg reported a 100% chance of a recession in the next 6-9 months. Drink 'em if you got 'em I guess. Find us on Twitter, Instagram, & Facebook (Meta) @DRUNKENOMICAL Merch: drunkenomics.myspreadshop.com Patreon: patreon.com/drunkenomics Stay Drunkenomical y'all!!

In this week's episode of Off Chain, we cover the following stories: A deep dive into the current macroeconomic environment with a look more specifically at what's happening in the UK economy and how it's bleeding into the global economy. The Mango Markets $100mn exploit. Damien Hirst begins burning art from his project, "The Currency". Google is using Coinbase Commerce to accept crypto from its Cloud customers.

Bruce Willis: Bruce Willis may or may not have sold his likeness rights to an AI company by the name of Deepcake but it's clear he is being taken advantage of in some fashion.Lust For Living: Jeff is going through crisis right now as he has lost the "lust for living", he needs to watch The Sopranos ASAP.Palette Cleansers: After a lot of real talk, let's bring the mood up by watching dudes ignore cops, a dude drink a miscarriage and sales people accidentally saying the n-word.CHAMPIONS!, PISS LIKE A PUPPY!, BIG DOGS!, HARD KNOCKS!, DETROIT LIONS!, METALLICA!, NO LEAF CLOVER!, CHIP AND DALE SLAYER!, THE DOLLAR!, EURO!, POUND STERLING!, CURRENCY WARS!, EUROPE!, UNITED KINGDOM!, ROCKY!, THE MIDDLE!, JIMMY EAT WORLD!, VOICEMAILS I FORGOT TO PLAY!, DBDEATHLORD!, ANDRES!, WHO'S READY FOR FALL!?, MILLY!, BRUCE WILLIS!, DEEPCAKE!, DIGITAL LIKENESS!, CGI CHARACTER!, DEAD PEOPLE!, DIE HARD!, COMMERCIALS!, JAMES EARL JONES!, DARTH VADER!, JALEEL WHITE!, URKEL!, VULTURES!, LIVE FOREVER!, HOMELESS!, RENT!, BILLS!, JOB!, UNION!, EMPLOYED!, NOT GOING TO WORK!, DEPRESSION!, SADNESS!, EVERY DAY YOU WAKE UP!, SOLDIER ON!, GRIT!, BARON CORBIN!, GETTING OLDER!, LUST FOR LIVING!, BUILT TOUGH ANYMORE!, POST VACATION BLUES!, QUIET QUITTING!, SECOND PLACE TROPHIES!, THE SOPRANOS!, CHRISTOPHER MOLTISANTI!, PAULIE!, ARC!, CHANGE!, BAD IDEAS!, DEMI LARDNER!, COMEDIAN!, ANOTHER YEAR OLDER!, MIKE!, EYES ON BECK!, RISE OF THE RESISTANCE!, R5!, DARKSABER!, PLATITUDES!, KRISTIN!, ADVICE!, CHANGES!, SMALL VICTORIES!, TIKTOK!, ALGORITHM!, ALL DOGS GO TO HEAVEN!, GOLDIE'S LAST DAY!, PFR!, SARGEANT PEPPER'S!, DISAPPEAR!, NEW IDENTITY!, CREDIT SCORE!, CREDIT KARMA!, BLOCKED!, PS4 MESSAGES!, HARASSING!, POLICE!, TACO BELL!, IGNORE!, OWNED!, CRUNCHWRAP!, MISCARRIAGE!, DIARRHEA!, GROSS!, HEAVING!, THROW UP!, HEARTBREAK!, LITTLE MAN!, CRUSH!, REALEST SHIT!, LITTLE MAN!, FATHER AND SON!, SNOOP!, CHIPS!, DORITOS!, SOLAR SALESMAN!, DOOR TO DOOR!, SLIP OF THE TONGUE!, N-WORD!, EMBARASSING!, HISPANIC!, LATINX!You can find the videos from this episode at our Discord RIGHT HERE!

The pound slides as the S&P puts the UK on notice for a downgrade as the Conservative Party conference begins in Birmingham. Prime Minister Liz Truss admits her tax cut plans could have benefited from better communication. The Dow falls by 500 points to close below the 29,000 mark in what was the worst September for the index for 20 years. Ukrainian forces recapture the eastern city of Lyman as Russian President Vladimir Putin signs accession treaties for 4 illegally occupied regions. Oil prices surge on news that Opec+ producers are reportedly mulling a 1m bpd output cut. And in corporate news, Credit Suisse moves to reassure investors about its financial health, causing credit default swaps spreads to move sharply higher.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Just ten days after presenting his controversial mini-budget, UK Finance Minister Kwasi Kwarteng has had to retract one of its key features. Those with annual incomes above £150,000 will not see their taxes cut in the end. The U-turn comes after days of market turmoil and political pressure. Also in the show: as Berlin seeks to wean itself off Russian gas, our correspondents visit the country's first floating Liquefied Natural Gas terminal. 

Matt and Nic return for news and deals of the week. In this episode: What caused the Pound Sterling to sell off? Deglobalization picks up Stirrings of a sovereign debt crisis emerge Explaining Deribit's insider-led down round Can the market recover before Do Kwon, Machinsky, and 3AC are dealt with? Celcius' Machinsky steps down Brett Harrison leaves FTX US 7 states issue C&Ds against Nexo The CFTC goes after Ooki DAO and DAO members The CFTC serves Ooki through a chatbox and a forum post How voting in a DAO can cause you to incur personal liability Why putting a DAO in a ‘legal wrapper' might make sense The Fed will not pursue a digital dollar (for now) The ‘convenience yield' of holding a CFTC OTB Bingo Would it be good for Bitcoin to be flippened? Sponsor notes: Talos powers institutional access to the entire digital assets ecosystem via a single-point of entry. Connect directly to your preferred prime brokers, lenders, investors, custodians, exchanges, OTC desks and more, or meet them on Talos. Get started at Talos.com Subscribe to the Coin Metrics State of the Network newsletter 

Everyday topics in everyday English with no script and no editing! Let's go! Check out my Youtube channel: www.youtube.com/channel/UCI2xkI6T7R_ZPt6i4kB0Jkw Support this podcast and listen to bonus episodes: www.patreon.com/easynaturalenglish Buy me a coffee: https://www.buymeacoffee.com/englishwithliam Take a lesson with me: https://go.italki.com/TeacherLiam TikTok: https://www.tiktok.com/@easynaturalenglish Instagram: https://www.instagram.com/easynaturalenglishwithliam/ Twitter: https://twitter.com/easy_liam

What do you call the economic cycle that shows signs of pre-recession and recession at the same time? Seriously, what do you call it? Also, the Pound-Sterling is almost at parity with the US dollar, Italy has a new Prime Minister, Chinese Yuan has completely collapsed, and where the fuck is President Xi?? Find us on Twitter, Instagram, & Facebook (Meta) @DRUNKENOMICAL Merch: drunkenomics.myspreadshop.com Patreon: patreon.com/drunkenomics Stay Drunkenomical y'all!!

British Pound Sterling nears parity with US Dollar The Duran: Episode 1392

Welcome to episode 127 of Activist #MMT. Today's part three in a six-part series with Texas Christian University (TCU) economics professor and Cowboy Economist, John Harvey. The first three parts are hosted by me, the final three by MMT researcher, Texas lawyer, and my previous guest, Johnathan Wilson. Jonathan and John talk about how MMT can apply to nations outside the US, using Russia as an example, and also some of the core theoretical and ideological differences between MMTers and mainstream economists, focusing on a recent critique of MMT by Drumetz and Pfeister. (You can hear my own interview with Jonathan in episodes 106 and 107.) (A list of the audio chapters in this episode can be found at the bottom of this post. Here's a link to part one, which contains a link to all six parts in the series. For a link to every Activist #MMT interview with John – plus the full audio of every Cowboy Economist video (!) – go here.) Today in part three, John and I finish our conversation about his chapter in the upcoming book called Modern Monetary Theory: Key Insights, Leading Thinkers. The book will be published by the UK-based Gower Institute for Modern Money Studies, or GIMMS; it's edited by L. Randall Wray and GIMMS; and is scheduled for January 2023 release. John is one of 15 authors. John's chapter is called "Modern Monetary Theory, the UK, and pound sterling". It addresses the following criticism of MMT (this is a quote from the chapter): "MMT-inspired policies will cause high rates of price inflation which will, in turn, lower the international value of a domestic currency – perhaps catastrophically." This conversation discusses the three major false assumptions underlying this criticism. We end on two mostly unrelated topics. The first is how, when it comes to those we directly interact with, on a day-to-day basis, mainstream economic theory is not in fact, a massive conspiracy. Therefore we should almost always err on the side of being diplomats instead of assassins. Or as I like to put it: rage against the system, be kind to individuals. Most who agree with mainstream theory genuinely believe it to be accurate. As I mention, I do believe it takes a lot of shutting out of dissenting views and of those that hold them, in order to enable this true belief. However, that filtering always occurs at the level above, starting with those who rank the economic journals and universities. Another important example relevant to my own experience, are those who moderate extremely large social media discussion groups, who prevent dissenting thought from ever appearing in the first place. The second is the good and bad of math in economics. Basically, there's nothing wrong with math, just as there's nothing wrong with any tool. All that matters is how you use it. If you like what you hear, then I hope you might consider becoming a monthly patron of Activist #MMT. Patrons have exclusive access to several full-length episodes, right now. A full list is here, each with a brief highlight. Patrons also get the opportunity to ask my academic guests questions, such as my recent episode with Warren Mosler, last week's episode with John, and my next interview with John Harvey. They also support the development of my large and growing collection of learn MMT resources. To become a patron, you can start by going to patreon.com/activistmmt. Every little bit helps a little bit, and it all adds up to a lot. Thanks. And now, let's get right back to my conversation with John Harvey. Enjoy. Audio chapters 5:43 - Purchasing Power Parity 10:11 - Purchasing Power Parity: Follow-ups 15:47 - "Mainstream economic theory is one big conspiracy." 26:17 - Hans Visser and Keynes' gloomy view 27:29 - Conspiracy, rage against the system, be kind to individuals. Every higher level shuts out dissenting thought 34:53 - The good and bad of math in economics 45:18 - My responses 50:24 - Levy summer session and goodbyes 57:26 - Duplicate of introduction, but with no background music

Welcome to episode 127 of Activist #MMT. Today's part three in a six-part series with Texas Christian University (TCU) economics professor and , John Harvey. The first three parts are hosted by me, the final three by MMT researcher, Texas lawyer, and my previous guest, Johnathan Wilson. Jonathan and John talk about how MMT can apply to nations outside the US, using Russia as an example, and also some of the core theoretical and ideological differences between MMTers and mainstream economists, focusing on a recent critique of MMT . (You can hear my own interview with Jonathan in episodes and .) (A list of the audio chapters in this episode can be found at the bottom of this post. Here's a link to , which contains a link to all six parts in the series. For a link to every Activist #MMT interview with John – plus the full audio of every Cowboy Economist video (!) – .) Today in part three, John and I finish our conversation about his chapter in the upcoming book called . The book will be published by the UK-based Gower Institute for Modern Money Studies, or GIMMS; it's edited by L. Randall Wray and GIMMS; and is scheduled for January 2023 release. John is one of 15 authors. John's chapter is called "Modern Monetary Theory, the UK, and pound sterling". It addresses the following criticism of MMT (this is a quote from the chapter): "MMT-inspired policies will cause high rates of price inflation which will, in turn, lower the international value of a domestic currency – perhaps catastrophically." This conversation discusses the three major false assumptions underlying this criticism. We end on two mostly unrelated topics. The first is how, when it comes to those we directly interact with, on a day-to-day basis, mainstream economic theory is not in fact, a massive conspiracy. Therefore we should almost always err on the side of being diplomats instead of assassins. Or as I like to put it: rage against the system, be kind to individuals. Most who agree with mainstream theory genuinely believe it to be accurate. As I mention, I do believe it takes a lot of shutting out of dissenting views and of those that hold them, in order to enable this true belief. However, that filtering always occurs at the level above, starting with those who rank the economic journals and universities. Another important example relevant to my own experience, are those who moderate extremely large social media discussion groups, who prevent dissenting thought from ever appearing in the first place. The second is the good and bad of math in economics. Basically, there's nothing wrong with math, just as there's nothing wrong with any tool. All that matters is how you use it. If you like what you hear, then I hope you might consider becoming a monthly patron of Activist #MMT. Patrons have exclusive access to several full-length episodes, right now. A full list is here, each with a brief highlight. Patrons also get the opportunity to ask my academic guests questions, such as my recent episode , last week's episode with John, and my next interview with John Harvey. They also support the development of my large and growing collection of . To become a patron, you can start by going to . Every little bit helps a little bit, and it all adds up to a lot. Thanks. And now, let's get right back to my conversation with John Harvey. Enjoy. Audio chapters 5:43 - Purchasing Power Parity 10:11 - Purchasing Power Parity: Follow-ups 15:47 - "Mainstream economic theory is one big conspiracy." 26:17 - Hans Visser and Keynes' gloomy view 27:29 - Conspiracy, rage against the system, be kind to individuals. Every higher level shuts out dissenting thought 34:53 - The good and bad of math in economics 45:18 - My responses 50:24 - Levy summer session and goodbyes 57:26 - Duplicate of introduction, but with no background music

Heya Cryptozens, Tonight's Show: Iranian Traders Allege Binance Violated Sanctions Texas Crypto Miners Shut Down in Heat Wave UK Regulated Pound Sterling Stablecoin Launched It's 10 PM Pacific time and the date is July 11th, 2022. And welcome back to the Crypto Overnighter. My name is Nikodemus, I'll be your host. The cover model, mascot and co-host for this podcast is Tex and together we take a nightly look at the crypto, nft and metaverse space and the industry that surrounds it. Take a minute, go ahead and subscribe to the podcast now, because we're here at 10 PM every night so that when you leave in the morning, you're taking with you, the crypto news analysis you need to start your day.  And keep in mind, nothing in this show should ever be considered financial advice. Email: crypto.overnighter@gmail.com Salem Friends of Felines: https://sfof.org/ Twitter: https://twitter.com/CryptoCorvus1 Torum: https://www.torum.com/u/corvusforge

Welcome to episode 126 of Activist #MMT. Today's part two in a six-part series with Texas Christian University (TCU) economics professor and Cowboy Economist, John Harvey. The first three parts are hosted by me, the final three by MMT researcher, Texas lawyer, and my previous guest, Johnathan Wilson. Jonathan and John talk about how MMT can apply to nations outside the US, using Russia as an example, and also some of the core theoretical and ideological differences between MMTers and mainstream economists, focusing on a recent critique of MMT by Drumetz and Pfeister. (You can hear my own interview with Jonathan in episodes 106 and 107.) (A list of the audio chapters in this episode can be found at the bottom of this post. Here's a link to part one, which contains a link to all six parts in the series. For a link to every Activist #MMT interview with John – plus the full audio of every Cowboy Economist video (!) – go here.) Today in part two, John and I continue our conversation about his chapter in the upcoming book called Modern Monetary Theory: Key Insights, Leading Thinkers. The book will be published by the UK-based Gower Institute for Modern Money Studies, or GIMMS; it's edited by L. Randall Wray and GIMMS; and is scheduled for January 2023 release. John is one of 15 authors. John's chapter is called "Modern Monetary Theory, the UK, and pound sterling". It addresses the following criticism of MMT (this is a quote from the chapter): "MMT-inspired policies will cause high rates of price inflation which will, in turn, lower the international value of a domestic currency – perhaps catastrophically." This conversation discusses the three major false assumptions underlying this criticism. Surprisingly, however, my the main insight I take from this conversation with John is a much clearer understanding of inflation in general. As promised in the intro to part one, here's that insight: Inflation is not a disease or even a symptom, but rather a potential measurement of some problem somewhere. Similarly, a thermometer says you have a fever. A fever means your body is fighting off something. Sure, you could take an ice bath to reduce your fever, but that will do little if anything to cure the underlying sickness. Further, while a thermometer measures something simple and definitive – your body temperature – the measurement of inflation is, and can only be, socially defines and executed. As John says, if used cars are heavily weighted in the consumer price index (a primary survey used to measure inflation), then the price of used cars skyrocketing (such as for a shortage of microchips) will increase overall inflation. But for the majority who have no plans to buy a used car, this particular inflation means little to them in real terms. However, this same inflation is used to stoke fear in everyone, regardless what they want to buy or not buy. Further still, inflation is a measurement. The idea of "reducing inflation" (such as by the Fed raising interest rates) is targeting something that serves as nothing more than a distraction from the real world and the underlying problems the measurement is referring to. Targeting low inflation is very similar to targeting a low deficit ("we must reduce deficit!"). This is targeting a measurement and sacrificing those at the bottom, in the real world, in order to do it. This is example of Goodhart's law: when a measurement becomes a target, it ceases to be a good measurement. The difference is that a deficit is never inherently a bad thing, where inflation is generally, genuinely referring to a real problem in real world. However, targeting only the inflation measurements itself, almost always results in the underlying problem(s) being ignored and exacerbated. Basically, is your goal to lower the temperature on the thermometer, or to not be sick? And now, let's get right back to my conversation with John Harvey. Enjoy. Audio chapters 6:28 - Back to inflation 12:25 - Don't respond to market signals, make then go away 18:34 - Critique: overview and mischaracterization of MMT (air is free!) 24:23 - A currency can only depreciate against another 25:52 - Why he wrote the paper, how he ended up speaking and Levy summer session 30:33 - Answering the question 33:28 - "I never listen to myself" 34:47 - Free-market ideology requires balanced trade, and no leakages of any kind. 39:38 - Financial flows are not leakages 46:27 - Follow ups 50:09 - Purchasing Power Parity 54:37 - Purchasing Power Parity: Follow-ups 57:46 - Duplicate of introduction, but with no background music (for listeners sensitive to the opening music)

Welcome to episode 126 of Activist #MMT. Today's part two in a six-part series with Texas Christian University (TCU) economics professor and , John Harvey. The first three parts are hosted by me, the final three by MMT researcher, Texas lawyer, and my previous guest, Johnathan Wilson. Jonathan and John talk about how MMT can apply to nations outside the US, using Russia as an example, and also some of the core theoretical and ideological differences between MMTers and mainstream economists, focusing on a recent critique of MMT . (You can hear my own interview with Jonathan in episodes and .) (Here's a link to , which contains a fuller introduction, and a link to all six parts in the series.) Today in part two, John and I continue our conversation about his chapter in the upcoming book called . The book will be published by the UK-based Gower Institute for Modern Money Studies, or GIMMS; it's edited by L. Randall Wray and GIMMS; and is scheduled for January 2023 release. John is one of 15 authors. John's chapter is called "Modern Monetary Theory, the UK, and pound sterling". It addresses the following criticism of MMT (this is a quote from the chapter): "MMT-inspired policies will cause high rates of price inflation which will, in turn, lower the international value of a domestic currency – perhaps catastrophically." This conversation discusses the three major false assumptions underlying this criticism. Surprisingly, however, my the main insight I take from this conversation with John is a much clearer understanding of inflation in general. As promised in the intro to part one, here's that insight: Inflation is not a disease or even a symptom, but rather a potential measurement of some problem somewhere. Similarly, a thermometer says you have a fever. A fever means your body is fighting off something. Sure, you could take an ice bath to reduce your fever, but that will do little if anything to cure the underlying sickness. Further, while a thermometer measures something simple and definitive – your body temperature – the measurement of inflation is, and can only be, socially defines and executed. As John says, if used cars are heavily weighted in the (a primary survey used to measure inflation), then the price of used cars skyrocketing (such as for a shortage of microchips) will increase overall inflation. But for the majority who have no plans to buy a used car, this particular inflation means little to them in real terms. However, this same inflation is used to stoke fear in everyone, regardless what they want to buy or not buy. Further still, inflation is a measurement. The idea of "reducing inflation" (such as by the Fed raising interest rates) is targeting something that serves as nothing more than a distraction from the real world and the underlying problems the measurement is referring to. Targeting low inflation is very similar to targeting a low deficit ("we must reduce deficit!"). This is targeting a measurement and sacrificing those at the bottom, in the real world, in order to do it. This is example of : when a measurement becomes a target, it ceases to be a good measurement. The difference is that a deficit is never inherently a bad thing, where inflation is generally, genuinely referring to a real problem in real world. However, targeting only the inflation measurements itself, almost always results in the underlying problem(s) being ignored and exacerbated. Basically, is your goal to lower the temperature on the thermometer, or to not be sick? And now, let's get right back to my conversation with John Harvey. Enjoy. Audio chapters 6:28 - Back to inflation 12:25 - Don't respond to market signals, make then go away 18:34 - Critique: overview and mischaracterization of MMT (air is free!) 24:23 - A currency can only depreciate against another 25:52 - Why he wrote the paper, how he ended up speaking and Levy summer session 30:33 - Answering the question 33:28 - "I never listen to myself" 34:47 -...

For about 200 years from the 1700s to the 1940s, the British Empire reigned supreme. Those days are long gone, but the Brish believe bright days are ahead in web3. British regulators are working with Tether to create a stablecoin pegged to the Pound Sterling and they have massive web3 goals. Today, we will discuss why that is important. Book Mentioned: The Bitcoin Standard: https://amzn.to/3KS52ZR (https://amzn.to/3KS52ZR)* *Amazon affiliate link Newsletter + Free NFTs: https://niftybusinessweek.com/ (https://NiftyBusinessweek.com/) Twitter @TropicVibes: https://twitter.com/TropicVibes (https://twitter.com/TropicVibes) Email: mail[at]niftybusiness.co NFT 101 Episodes: https://niftybusiness.co/episode/web-3-0-explain-so-simple-even-congress-should-understand (#36 - Web 3.0 Explained) https://niftybusiness.co/episode/preview-nfts-explained (#225 - NFTs Explained) https://niftybusiness.co/episode/10-reason-to-buy-nfts-besides-making-money (#30 - 10 Reasons to Buy NFTs) https://niftybusiness.co/episode/nifty-words-nft-verbiage (#7 - NFT Words & Verbiage) https://niftybusiness.co/episode/nifty-words-nft-verbiage-part-ii (#47 - NFT Words & Verbiage Part II) https://niftybusiness.co/episode/nifty-words-nft-verbiage-part-iii (#97 - NFT Words & Verbiage Part III) Need a Ledger Hardware (Cold) Wallet? *Using this referral link supports this show at no extra cost to you: https://shop.ledger.com?r=ad8f02ad7ec3 (https://shop.ledger.com?r=ad8f02ad7ec3) Recommended Reading: The Bitcoin Standard: https://amzn.to/3KS52ZR (https://amzn.to/3KS52ZR) The 10 Best-Ever Anxiety Management Techniques: https://amzn.to/3vTgVud (https://amzn.to/3vTgVud) *Amazon affiliate links

Welcome to episode 125 of Activist #MMT. Today's the first in a six-part series with Texas Christian University (TCU) economics professor and Cowboy Economist, John Harvey. The first three parts are hosted by me, the final three by MMT researcher, Texas lawyer, and my previous guest, Johnathan Wilson. Jonathan and John talk about how MMT can apply to nations outside the US, using Russia as an example, and also some of the core theoretical and ideological differences between MMTers and mainstream economists, focusing on a recent critique of MMT by Drumetz and Pfeister. (You can hear my own interview with Jonathan in episodes 106 and 107.) (Here's a link to all six parts in this series: parts two and three with me, and parts four, five, and six with Jonathan. A list of the audio chapters in this episode can be found at the bottom of this post. For a link to every Activist #MMT interview with John, go here.) Regarding parts one to three, John and I talk about his chapter in the upcoming book called Modern Monetary Theory: Key Insights, Leading Thinkers. The book will be published by the UK-based Gower Institute for Modern Money Studies, or GIMMS; it's edited by L. Randall Wray and GIMMS; and is scheduled for January 2023 release. John is one of 15 authors. John's chapter is called "Modern Monetary Theory, the UK, and pound sterling". He was asked to write the chapter for two major reasons: First because there is not enough MMT-specific analysis on exchange rate determination, and second, to address the reality of the so-called sterling crisis in the United Kingdom. John and I don't specifically discuss the latter topic, but it is addressed in the paper. It addresses the following criticism of MMT (this is a quote from the chapter): "MMT-inspired policies will cause high rates of price inflation which will, in turn, lower the international value of a domestic currency – perhaps catastrophically." Importantly, the critique is based on the following three assumptions: The false idea that we are already, or soon will be, at full employment A fantastical theory of exchange rate determination A terrible and lazy mischaracterization of MMT John and I spend most of our time discussing the reality of these three assumptions. Surprisingly, however, the main insight I take from this conversation is a much clearer understanding of inflation in general. I'm going to describe that insight in the introduction to part two. The heart of our conversation is on the above three assumptions, but we start and end with mostly unrelated subjects. Part one begins with John describing his experience as chair of the economics department at TCU, he discusses the Russian-Ukrainian conflict only as it relates to exchange rate determination, and he also answers a question from an Activist #MMT patron, regarding his opinion of our possibility of experiencing a recession. At the end of part three, we talk about how, for most of those that most of us directly interact with, mainstream economic theory is not, in fact, a big conspiracy. We end by discussing the good and bad of math in economics. Thanks to the recommendation of a patron, with every episode of Activist #MMT as of several months ago, you can pinpoint any part of this interview by referring to the full list of audio chapters, which can be found at the bottom of the show notes. So, for example, if you wanted to skip over this introduction and go right to the beginning of the interview proper, now you can know exactly what timestamp to go to. And now, on to my conversation with John Harvey. Enjoy. Resources My previous interviews with John: Episode 43: John Harvey on John Harvey, discrimination, and aliens. Episodes 45 and 46: On inflation: mainstream versus Post Keynesian (and the MMT job guarantee) Episodes 72 and 73: The Battle of the Bulge (and the nitty gritty of Exchange Rate Determination) Books: Fred Lee's A History of Heterodox Economics (2006) Karl Polanyi's The Great Transformation (2001 edition, 1944) Naomi Klein's The Shock Doctrine (2007) Nancy Maclean's Democracy in Chains Audio chapters 6:02 - Attics, squeaky toys, dogs, and rats 8:51 - Economics chairmanship 16:21 - Being Post Keynesian chair in a mainstream department 21:04 - Patron question: Recession coming? 26:10 - Russia-Ukraine conflict 31:31 - My lawn mower runs out of gas 32:36 - Start of main questions 33:20 - Demand-pull inflation 44:39 - George Selgin 47:35 - Back to inflation 52:55 - Duplicate of introduction, but with no background music (for listeners sensitive to the opening music)

Welcome to episode 125 of Activist #MMT. Today's the first in a six-part series with Texas Christian University (TCU) economics professor and , John Harvey. The first three parts are hosted by me, the final three by MMT researcher, Texas lawyer, and my previous guest, Johnathan Wilson. Jonathan and John talk about how MMT can apply to nations outside the US, using Russia as an example, and also some of the core theoretical and ideological differences between MMTers and mainstream economists, focusing on a recent critique of MMT . (You can hear my own interview with Jonathan in episodes and .) (Here's a link to all six parts in this series: parts two and three with me, and parts four, five, and six with Jonathan. A list of the audio chapters in this episode can be found at the bottom of this post. For a link to every Activist #MMT interview with John, .) Regarding parts one to three, John and I talk about his chapter in the upcoming book called . The book will be published by the UK-based Gower Institute for Modern Money Studies, or GIMMS; it's edited by L. Randall Wray and GIMMS; and is scheduled for January 2023 release. John is one of 15 authors. John's chapter is called "Modern Monetary Theory, the UK, and pound sterling". He was asked to write the chapter for two major reasons: First because there is not enough MMT-specific analysis on exchange rate determination, and second, to address the reality of the so-called sterling crisis in the United Kingdom. John and I don't specifically discuss the latter topic, but it is addressed in the paper. It addresses the following criticism of MMT (this is a quote from the chapter): "MMT-inspired policies will cause high rates of price inflation which will, in turn, lower the international value of a domestic currency – perhaps catastrophically." Importantly, the critique is based on the following three assumptions: The false idea that we are already, or soon will be, at full employment A fantastical theory of exchange rate determination A terrible and lazy mischaracterization of MMT John and I spend most of our time discussing the reality of these three assumptions. Surprisingly, however, the main insight I take from this conversation is a much clearer understanding of inflation in general. I'm going to describe that insight in the introduction to part two. The heart of our conversation is on the above three assumptions, but we start and end with mostly unrelated subjects. Part one begins with John describing his experience as chair of the economics department at TCU, he discusses the Russian-Ukrainian conflict only as it relates to exchange rate determination, and he also answers a question from an Activist #MMT patron, regarding his opinion of our possibility of experiencing a recession. At the end of part three, we talk about how, for most of those that most of us directly interact with, mainstream economic theory is not, in fact, a big conspiracy. We end by discussing the good and bad of math in economics. Thanks to the recommendation of a patron, with every episode of Activist #MMT as of several months ago, you can pinpoint any part of this interview by referring to the full list of audio chapters, which can be found at the bottom of the show notes. So, for example, if you wanted to skip over this introduction and go right to the beginning of the interview proper, now you can know exactly what timestamp to go to. And now, on to my conversation with John Harvey. Enjoy. Resources My previous interviews with John: : John Harvey on John Harvey, discrimination, and aliens. Episodes and : On inflation: mainstream versus Post Keynesian (and the MMT job guarantee) Episodes and : The Battle of the Bulge (and the nitty gritty of Exchange Rate Determination) Books: Fred Lee's (2006) Karl Polanyi's (2001 edition, 1944) Naomi Klein's (2007) Nancy Maclean's Audio chapters 6:02 - Attics, squeaky toys, dogs, and rats 8:51 - Economics chairmanship 16:21 - Being Post...

Kasikorn Research Centre predicts that there is enough capital in the financial system to meet short-term debt repayments, imports for 3 months and demand for local currency even as the baht is projected to depreciate past ฿36 to the US dollar in the coming months, a 15 year low while the Thai currency has held its own or even gained against other currencies such as the Pound Sterling and Euro. https://www.thaiexaminer.com/thai-news-foreigners/2022/06/29/tourist-arrivals-surge-offsets-other-economy-ills/ James Morris reports from Bangkok.

Hollaaa, welcome to The Talk With Tee. Today we have a special guest "Pound Sterling" in the building

SBTV spoke with Jim Rogers, global investor, and author, about whether gold and silver will once again be used as a monetary asset and what will replace the US dollar eventually as the world's reserve currency. The dollar will go the way of the Spanish peso, British pound sterling, the French franc, and other reserve currencies in the past.

In today's episode, we will focus on the pound sterling. In the UK, sentiment has improved, lockdowns have eased and the vaccination rate has continued to be one of the fastest globally, though Scottish elections are a risk. We believe this sets the stage for the UK economy to advance and for the pound to move higher in the next stage of its advance. Listen to our podcast to learn more on how we would trade the pound sterling against this backdrop.Speaker:Manpreet Gill, Head of Fixed Income, Currency and Commodities (FICC) Investment Strategy, Standard Chartered Bank

Another week of madness brought to you by Mayowa, Culture Cams and Fuad and Pound Sterling StoppageTimeTV discuss: - Champions League Review - Super League breakdown and thoughts - Liverpool... Assessment with Pound Sterling - UEFA x Racism - Champ x Criminal of the week! & Lots More ------ Go to manscaped.com/ and get 20% off + free shipping with the code: STTV #manscapedpod

Fifty years ago this month, Ireland adopted its very own currency for the first time, the Irish Punt, breaking the link to the Pound Sterling, and essentially going it alone, forging our new independent identity as a democratic republic, with our own central bank and our own money. Since that we have scrapped the new punt currency, abandoning it for the Euro currency, tied to the European Central Bank. Anyone over the age of sixty in this country is actually a mathematical genius! I hope you are enjoying these stories, oh, and if you are, do please share them with your friends and family. I record these stories with Tom O'Connor of O'Connor's Bar, in Salthill, more commonly known as 'O'Connor's Famous Bar, Salthill' because of its unique atmosphere, friendly welcome and amazing music each night! You can find more of my stories on my website blog www.galwaywalks.com or on Facebook @walkingtoursofgalway and twitter/instagram @galwaywalks --- Send in a voice message: https://podcasters.spotify.com/pod/show/brian-nolan0/message

Did you know that the Pound Sterling is officially the oldest currency that's still in use today? It has been in circulation since the 8th Century.On this episode, Ashdin talks about why we should think more about where we spend our money, how we can identify which of these bring us joy, spend more on the things that do that, and less on things that don't.Check out the Awesome180 Habit Coach app: https://play.google.com/store/apps/details?id=com.awesome180.habitcoachYou can follow Ashdin Doctor on Instagram @ashdindoc (https://www.instagram.com/ashdindoc/?hl=en)Check out Ashdin's website - Awesome180 (http://awesome180.com/)Youtube Channel - The Habit Coach - Awesome180 (https://www.youtube.com/channel/UCZQpxuIf7moTOU8kCAu0Zfg)You can listen to this show and other awesome shows on the IVM Podcasts app on Android: https://ivm.today/android or iOS: https://ivm.today/ios, or any other podcast app.

Black, black, blackity, black, black. This weeks episode is dedicated to #BlackPoundDay which is on the first Saturday of every month. We share our views on Black Excellence and why support of black businesses should grow exponentially. Signed Ronke and Layla

Customs Forcefully Collect #300,000 from us - Shoe Dealers Cry Out; FG spends N1.3 trillion on importation in 12 Months: CBN; Further Oil Production cut Required to keep oil Price above $40 in 2020; Half Zimbabwe's population to face Man-Made Starvation: WFP; Pound Sterling jumps against Euro in the face of Political Leads; Cyber Monday expected to Rake in Record US Sales. --- Support this podcast: https://anchor.fm/newscast-africa/support Learn more about your ad choices. Visit megaphone.fm/adchoices

The value of the pound has fallen following news that Parliament is to be suspended just days after Members of Parliament return to work on 3 September. The move is expected to prevent opposition leaders from passing a law to stop a no-deal Brexit. The pound is down more than 0.5% against both the euro and US dollar. So £1 is now worth €1.10 and $1.22. The FTSE 100, largely made up of stocks that could benefit from a devaluation of sterling, was virtually unchanged. Many of those listed firms book much of their earnings in foreign currencies and benefit from a weak pound. The FTSE 250, a stock index that is seen as more representative of the UK economy, has fallen by 1%. --- Support this podcast: https://anchor.fm/newscast-africa/support Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to Finance and Fury, The Furious Friday edition.  In money system – need a reserve – gold, currency – gives a floor value which gives confidence Doesn’t provide much stability – Most central bankers use the same terms when talking about current international financial system – Incoherent – You have the AUD to USD drop, gold moves one direction, - completely disjointed – based around the models of international finance – not what they predict will happen – but still trying to manage Floating currencies are not stable - financial war easier – There has been a currency war going on since 2010 Remember QE – US dollars and treasury issues – what happens if your currency is pegged to USD? China – had to massively increase their money supply as well to keep currency exchange low – US growth from consumption, while China growth from exports – Yuan goes up, exports down But printing a lot of Yuan created inflation in china, along with the rest of the world – food, oil, commodities, USD is a form of global currency that assets are priced in If domestically you are experiencing inflation (or real devaluation of your currency) – price of food goes up Think about any financial asset – shares, property, bonds, gold, cash Each behaves differently in crash – shares go down, bonds gold go up, etc – but they are all priced in AUD If you crash AUD – our international buying power and wealth goes down – global system very fragile Very controlled - One country can devalue its currency to make it more competitive – has to be done slowly over time Think that is what the RBA is trying as well – based on theory – interest rates drop = carry trade = exchange rates change and drop due to interest levels here – but over time – demand for goods (now cheaper) go back up bringing currency with it Theory doesn’t work out so well – due to incoherent natures of currencies – Confidence – and that currencies of other countries are used as reserves What solution does the IMF see for its Reserves and stability of financial system problems? Gold? – but the price of gold would need to be pegged to USD$10k per ounce to form a currency reserve Hard to get enough – been trying – mining ramped up, China and Russia massively buying up gold Has every bar melted into new bullion to avoid fakes – fake gold going around But IMF have SDRs – China needed to hold a lot of gold to be accepted into the currency basket of Special Drawing Rights (SDRs) Special drawing rights are supplementary foreign-exchange reserve assets – IMF wants it as an international reserve asset SDR is the unit of account for the IMF – “The SDR is neither a currency nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members.” – what does that even mean? SDRs represent a claim to currency held by IMF member countries for which they may be exchanged – but only within the Financial System – There is no secondary market – unlike other forms of reserves/assets – bond etc SDRs originally a part of the monetary system - Bretton Woods arrangement post WW2. USA had almost all of the gold reserves of the world at that time – other countries left with little SDRs were intended as a supra-national currency that could be used instead of gold, thereby reducing dependence on gold (essentially the USA) – IMF first issued in 1969 to supplement its member countries’ official reserves (i.e. gold) Today - SDR 204.2 billion (equivalent to about US$291 billion) have been allocated to members, including 2009 - SDR 182.6 billion allocated in the wake of the global financial crisis -  to "provide liquidity to the global economic system and supplement member countries’ official reserves". The SDR was initially defined as equivalent to 0.888671 grams of fine gold—which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system, the SDR was redefined as a basket of currencies – floating currencies in the end China and Russia are storing Gold and urging the IMF to replace USD as the global currency reserve with SDRs Don’t like the reliance on USD as China and Russia have been on the raw end of the US Fed and Treasury Price based on a combination (weighted average) of multiple currencies – The IMF has its own reserve which has multiple currencies basket is reviewed every five years - reflect the relative importance of currencies in the world’s trading and financial systems - currency weights remain fixed over the five-year SDR valuation – but values with cross-exchange movements daily United States Dollar – 41.73%, Euro – 30.93%, Japanese Yen – 8.33%, Pound Sterling – 8.09%, China – 10.92% Interest rates - weighted average of all the currencies   Why are Special Drawing Rights (SDR’s) Required? to move away from the United States dollar-based system – which has already way too much debt – $22trn debt If the USD collapses (as it isn’t money but built on $22trn of debt and agreements) – world suffers Large consumer but wouldn’t be able to buy – would require monetary restrictions – leading to global liquidity issues Just the value drop – We buy US shares – Share values drop – purely based on AUD versus valued in USD USD to AUD $1 – own a share worth $100USD – USD goes to $2 per AUD – shares worth $50 These rumours suggest that these countries propose that Special Drawing Rights (SDRs) become the de-facto reserve currency of the world – avoid this risk Due to the USD being a global currency reserve – countries forced to hold it as part of their reserves – more risk   China – During the last review concluded in November 2015, the Board decided that the Chinese renminbi (RMB) met the criteria for inclusion in the SDR basket. Criteria: Exports – one of the top five exports in the world and member of the IMF Freely usable currency by the IMF- widely traded to make payments for international transfers fully aware of the fragile economic condition in which the United States economy stands forced to buy more and more United States treasury debt if it wants to keep its own economy afloat A lot of excess USD in their trillions or reserves – Hope to solve these problems with SDRs – still buy 41%   Benefits of the Special Drawing Rights (SDR’s) System – These are based around if the model actually works Reduced United States Dependence - no longer have to depend on the currency of United States to trade with each other More Stable System - Since essential commodities such as gold, oil and food grains will no longer be exclusively traded in dollars, the United States government will not be able to exert an undue influence on their prices by increasing and decreasing the money supply of dollars as much - minimalizes their effect Balance of Payment Issues: If the world were to go off a dollar-based system it would resolve a lot of balance of payment issues that are being faced. The United States is running a perpetual trade deficit with countries like China.   Disadvantages of the Special Drawing Rights (SDR’s) System Money Supply Becomes An Administrative Decision: If Special Drawing Rights (SDRs) become the reserve currency of the world, then the IMF would be in charge of regulating the money supply – for the whole world – would not have an open market of their own, the decision regarding whether the money supply should be expanded or contracted would end up becoming an administrative decision - The fact that all other economic parameters are extremely sensitive to changes in money supply, this is a dangerous situation to be in. Under the Articles of Agreement, when certain conditions are met, the IMF may allocate SDRs to members participating in the SDR Department in proportion to their quotas (known as a general allocation). A special one-time allocation in 2009 enabled countries that joined the IMF after 1981 (i.e., after previous allocations) to participate in the SDR system on an equitable basis. Members can buy and sell SDRs in the voluntary market. If required, the IMF can also designate members to buy SDRs. Abstract Nature: The Special Drawing Rights (SDRs) are an abstract weighted average. They are not an actual currency that can be used by people. As such, Special Drawing Rights (SDRs) will be extremely difficult to implement and manage, if they are ever introduced at the microeconomic level. The SDR mechanism is self-financing and levies charges on allocations which are then used to pay interest on SDR holdings – so IMF creates SDRs based on deposit currencies, loans them to a country and then the country needs to pay it back This is the current reserve system on crack Still have currency backing it:  replacing dollars with Special Drawing Rights (SDRs) would be like replacing one unstable system with another slightly less unstable system Nothing to stop the expansion of debt to fund projects SDRs serve as the premier mode of transfer for IMF loans to member nations in need of financial assistance SDRs are allocated via endowment or credit at the discretion of IMF authority while adhering the governing Articles of Agreement. The cost of borrowing, or yield to depositing, from the IMF is determined via the SDR Interest Rate (SDRi) – they will become the payday lenders of the world – predatory lending the IMF increased lending capacity to 690 billion SDR – in anticipation of global spending projects There are already agreements in place to dish out the loans - money created from the issue of SDRs – infrastructure projects across the world What projects going on? UN and their sustainable development goals – SDRs fit into this – need a global boost in the money supply to fund projects Studies and papers published on the benefits of issuing special drawing rights to low-income countries – part of infrastructure spending by the Governments Come back to this in the series on the UN Sustainable development goals – one part of the pie   The Bottom Line Special drawing rights are a form of world reserve asset - value is based on a basket international currencies SDRs are used by the IMF to make emergency loans and are used by developing nations to shore up their currency reserves without the need to run current account surpluses at the detriment of economic growth – Real part of the design – to make sure the high export countries don’t experience currency appreciation due to demand for goods Allows for a country to boost reserves (from a loan) to then increase their money supply and remain competitive German in EU example – strong exporter but EUR doesn’t reflect this - but on larger scale than just EU can only be accessed by members of the IMF- Central banks or nations who are members and play by rules Trouble is – I think most countries want this – China – still remains an exporter through lower inflation and still able to increase money supply to keep up with US increases Euro – China and USA are big trading partners – to make sure the Euro doesn’t collapse USA – want to avoid a currency collapse – as long as they stay the major economy still have largest weight of SDR – keep the game going Japan – Had no growth and inflation over a long time- been printing trillions of Yen – pumping into hard asset prices – but not enough inflation to start eroding their 240% debt to GDP Studies and papers published on the benefits of issuing special drawing rights to low-income countries – part of infrastructure spending by the Governments https://link.springer.com/article/10.1007/s11079-011-9232-2 https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR   Thanks for listening, if you would like to get in contact you can do so here. 

In This Episode In this podcast interview, Rob McNealy interviews Justin Seidl, Founder of Vertbase crypto exchange. About Vertbase Founded at the start of 2018, Vertbase is a platform giving users the ability to buy, sell, and accept digital assets with the US Dollar, Pound Sterling, and Euro. Links Vertbase.com Website Vertbase on LinkedIn Justin...

In today’s global business headlines… Pound Sterling gained more than one percent against the US Dollar yesterday after fears of a No Deal Brexit evaporated. On the other side of the Atlantic, US president Donald Trump is about to be publicly accused of criminal conduct by his long-time lawyer and confidant Michael Cohen. Pop star Michael Jackson’s “Neverland” ranch, where he lived for 15 years, is now being offered for sale at an almost 70% discount to the $100m it was listed at in 2015. In South African related news, well sort of, the country’s most famous entrepreneurial export Elon Musk yesterday slammed the US’s Securities and Exchange Commission after it accused him of breaking an agreement made last year.

As a potential trade war between China and the United States looms and confusion surrounding Brexit mounts, the strength of traditional fiat currencies such as the Euro and Pound Sterling are being called into question. It seems likely that the political and economic uncertainty of 2019 has resulted in renewed investor interest in gold as a safe haven from the volatility of international markets, as the price of this “recession-proof” asset trends consistently upward. Once the exclusive domain of the wealthy, interest in gold as a time-tested investment vehicle is growing. With the rise of tokenization and blockchain technology, it is no longer necessary to invest in gold in bulk -- and pay the steep premium which comes with doing so. Digix, the tokenization company behind the world’s first gold-backed digital asset class, is just one example of how new technology is opening the gold market to the masses. Digix recently announced the extension of its gold redemption services to Canada, in addition to its two existing vaults in Singapore. Building upon its partnership with SilverGoldBull (SGB), North America’s largest precious metals retailer, Digix now stores 15kg of gold bullion, offering greater diversification of bullion type and international convenience to its users. The fulfillment of this partnership between Digix and SGB represents an important step for the intersection between the gold market and blockchain technology, as industry actors seek new opportunities to introduce added liquidity and accessibility. I invited Kai. C Chnge, Co-Founder of Digix on to my daily tech podcast. We talk about the impact that the intersection between the gold and cryptocurrency markets may have on the reality of millions of investors and would-be investors worldwide. We also discuss: The renewed interest in gold over traditionally less stable investment vehicles, including fiat currencies - which are often affected by geopolitical and trade affairs; The potential for 2019 to see further interest, adoption,and relationship building between traditional bullion market players and the blockchain industry. The impact will the incorporation of tokenized assets have on the precious metals sector.

The cashless society is economic model that removes physical money from our wallets and replaces it with fully digital transactions. So, we no longer carry banknotes and coins, instead we carry our traditional bank cards or mobile devices. These transactions can be made in our home currencies (in my case Pound Sterling), an international currency … Continue reading Gadget Man – Episode 111 – Cashless Society → The post Gadget Man – Episode 111 – Cashless Society appeared first on The Gadget Man - Technology News and Reviews.

Fran & Ibs are joined by the ever mentioned Sonny & Fran's brother Alex. The boys discuss Raheem Sterling and his tattoo, are the media going too far with the young superstar? England at the World Cup, Debt, Drake x Pusha, Balenciaga, Gucci, Social Media, First Dates & Tommy Robinson are all discussed on this episode.

This week on the show, I'm talking about investment managers who have been living high on the hog and steps the regulator will be taking to improve transparency, introduce better price competition and generally take them down a peg or two. There's also a roundup of the latest personal finance news, my favourite money article this week, a random fact about money, an inspirational quote and, of course, the aftershow segment where I share a few of the things happening at Informed Choice this week. Personal finance news -Pound Sterling rose nearly 1% against the US Dollar this week, on the prospect of higher interest rates from the Bank of England. Mark Carney, governor of the Bank of England, said interest rates could rise if business investment grows. -Mortgage lender Nationwide has reported house prices rose in June, following three months of falls. They reported average house prices rose by 1.1% this month, following a fall of 0.2% in May. -The Bank of England's Financial Policy Committee is forcing banks to raise a further £11.4bn by the end of next year, to shore up their finances in case of bad loans. It means banks will need to set aside £5.7bn by the end of 2017, in case economic shocks mean some borrowers default on their repayments. -New research has identified the most expensive time in our lives as age 35. This 'financial crunch point' was identified by the comparison site Moneysupermarket, who found Brits are most likely to be juggling the cost of young children, along with mortgages, and loan repayments for cars, holidays and weddings. -A new report has revealed that more than one in five aspiring first time buyers are currently living at home with their parents. The latest quarterly First Time Buyer Index from Aldermore Bank also found that a quarter say they will have to live with their family for five or more years to save for a deposit. Get answers to your personal finance questions Do you have a personal finance or investing question for Martin? Email martin@icfp.co.uk or ask on Twitter @martinbamford. You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visit www.icradio.co.uk/voicemail to leave an online voice message.

In this episode of Informed Choice Radio, Martin talks about the falling pound and why it matters to your personal finances. There is also a roundup of the latest personal finance news and an update from the world of Informed Choice. The falling pound and why it matters to your personal finances In this episode, Martin talks about the reasons why the pound is falling, what it means for your personal finances, and what you can do about it. At the time of recording the episode, Pound Sterling was valued at $1.21 or €1.10. It has fallen by 17.1% and 15.4% respectively since 22nd June, the day before the UK voted to leave the European Union. Martin explained that Brexit is not the sole reason for this fall in the pound, sharing new small business survey results that suggest SMEs are not fussed about Brexit. He explains the contrasting fortunes of the UK and US economies, with the interest rate outlooks for both prompting investors to shun the UK markets. There is good news for some and bad news for others as a result of the falling pound. Martin explained why a weaker pound was good news for exporters, equity investors, foreign tourists and people selling property. And why it could be bad news for bond investors, motorists and shoppers. There was talk of planning ahead if overseas holiday plans are being made and considering the options for long-term diversified investment portfolios. Personal finance news update -Housing minister Gavin Barwell has suggested grandparents should hand their inheritance directly to their grandchildren to help them buy their first home.  -The government plans to introduce a new financial guidance service to cover pensions, managing debts and other money issues.  -Older men are most likely to be the victims of investment fraud, with new figures showing more than 77% of victims are men with an average age of 65.  -Older men are most likely to be the victims of investment fraud, with new figures showing more than 77% of victims are men with an average age of 65.  -Two former pensions ministers have claimed thousands of women should have been given better notice that they must wait longer for their state pension.  Useful links mentioned in this episode -How to take your pension pot - free seminars in Cranleigh Get answers to your personal finance questions Do you have a personal finance or investing question for Martin? Email martin@icfp.co.uk or ask on Twitter @martinbamford. You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visit www.speakpipe.com/InformedChoicePodcast to leave an online voicemail.

Philip Saunders is the co-head of the multi asset operations at Investec Asset Management in London. The Cambridge University graduate, one of the most respected money managers in the UK, directly responsible for billions of pounds of client funds. Like other British investment professionals he has given considerable thought to consequences of Brexit - the Referendum on whether the UK should stay in the European Union. In this interview with Biznews.com's Alec Hogg he says why polls make the vote too close to call and explains why a Leave vote could be a serious setback for the financial services sector and the country at large. Saunders reckons the best way for traders wanting to "play" Brexit is by taking a position on Pound Sterling - which, with a fortnight to the vote, tells us quite clearly the money is betting on a very different result to the one the polls suggest.

In this episode, James Caton discusses the classical and inter-war gold standards. James is an economics PhD student at George Mason University. Gold has many qualities that make it an ideal money: It is valuable, scarce, divisible, and easy to transport. It is also easy to verify the value of a given amount of gold: The Old Testament references weights and scales being used to measure gold. Ancient people could verify the purity of the gold by observing its water displacement. Before 1870, only Great Britain was on a gold standard, while gold, silver, and other metals would circulate freely alongside one another throughout the rest of Europe. The classical gold standard began in the wake of the Franco-Prussian War, when the victorious Germany demonetized silver in favour of gold and the rest of Western Europe followed suit (see Caton on the deflation that resulted from the demonetization of silver). America converted to the gold standard in 1879 upon redeeming the Civil War greenbacks for gold. The classical gold standard operated as a fixed exchange rate regime. As England was the center of global finance, the Bank of England held a privileged position whereby other central banks would follow the Bank of England to keep their currencies constant against the Pound Sterling (see Eichengreen and Bordo). This was the case until the First World War. Europe's governments suspended the convertibility of their currencies into gold during the First World War. These governments created a great deal of inflation to finance the war, but they were reluctant to devalue their exchange rates after the war had ended. They wanted to return to their pre-war exchange rates. At this point, the Fed did something crazy: It slashed the US money stock by over 40%, increasing demand for gold, and causing a general deflation. Before 1925, as gold flowed into the United States, the Fed did not increase the monetary base in tandem with the increasing gold stock, thus sterilizing the gold inflows' influence on prices. After 1925, when Europe returned to the gold standard, the Federal Reserve did increase the monetary base alongside the gold stock. The typical Austrian narrative about the Great Depression (see Robbins and Rothbard) blames the Fed for the 1920s inflation that created an unsustainable boom resulting in the eventual crash that became the Great Depression. However, James disagrees with the blame put on the Fed in this story, as the ratio between the base money stock and the gold stock was fairly constant from 1925 to 1929. From 1925, the Bank of England was acting as Europe's central bank, holding most of Europe's gold. This was politically unpalatable for the French, who began hoarding gold in 1927, devaluing the Franc and causing gold to flow into France (see Irwin). Between 1927 and 1932, France went from holding 7% to 27% of the world's monetary gold. The resulting deflation exacerbated the Great Depression. The Bank of England went off gold in 1931, sounding the death knell for the international gold standard. FDR devalued the dollar and outlawed private ownership of gold in 1933, ending what was left of the gold standard. Although this mitigated the ongoing institutional collapse in the American banking sector, the Great Depression continued on until after the Second World War. See also: Irwin and Rustici on the Smoot-Hawley Tariff. James can be found online at his blog, Money, Markets, and Misperceptions, and at the George Mason University website.

Marilyn Watson, Blackrock director, fixed interest specialist, a Cambridge Blue in tennis and former Bank of England economist, visited the Biznews.com studio this morning. She shared Blackrock's view on the UK economy (bullish), Pound Sterling (very bullish), management at the SA Reserve Bank (highly complimentary) and South African bonds which the huge money manager holds in its portfolios.

The British Pound used to be the leading global currency in the 19th century just like the dollar today. How did that happen? And which economic power was behind it? Here you will find a piece of economic and monetary history.

--{ Tubby Money Magi (Now You See It, Now You Don't): "Taxed by Governments, Defrauded by Banksters, The Suit and Tie is Uniform of Gangsters, Yet Common Folk Bow In Their Presence, Ignorant of History, Never Learning Lessons, The Biggest Scams So Carefully Crafted, Use Those Bowing, Bowed Get Shafted, The Tubby Money Magi, Like Mr. Madoff, Sent Billions to Money Heaven, Thousands Laid-Off, So Who Makes Money at the End of Day? The Tubby Money Magi Make Crime Pay" © Alan Watt }-- New World Order, Internationalism - Hitler, Churchill, United Europe - I.G. Farben, Nuremberg Trials - Gary Hart, CFR, Use of Crisis. Britain, Pound Sterling, EU Currency, Euro - Amero, Fortress America - International Monetary Fund (IMF), World Bank, Country Takeovers, Modern Farming, Loans, Bankruptcy. Economic Crash - Madoff (Made Off) Ponzi Scheme - Law Enforcement, Criminals, White-Collar Crime - Worship of Mammon, Wealth, the Rich. Rockefeller, Gates, Makeover as "Philanthropist" - Money, "The Good Life". Returning Active Duty Military, "Non-Lethal" Weapons, Microwave, "City Stopper" - Soldiers, Old Firearms - Police, Readiness to Fight and Kill, Night Raids - Bill Cooper. H.G. Wells' books: "Open Conspiracy", "Things to Come", "Outline of History" - Races Slated for Elimination - Aerial Spraying. Socialist System, Denial, Terror of Making Decisions - Acting through Life - Finding Others of Like Mind - Organization Techniques, Communism. Male Sterility, Lowered Sperm Count and Motility - Population Drops in the West and China. Europe, Council of 12 Wise Men, Stars, Trinity - Dollar Symbol, Serpent, Jachin and Boaz - Letter E, M - Knights Templar Pirates, Skull and Bones, Salmon, Solomon, Roe. (Article: "Pound to be left to its fate" by Michael Savage (independent.co.uk) - Dec. 15, 2008.) *Title/Poem and Dialogue Copyrighted Alan Watt - Dec. 26, 2008 (Exempting Music, Literary Quotes, and Callers' Comments)