Modern financial systems are designed to benefit the elite, often at the expense of ordinary citizens, shaping society through the intertwined forces of debt and politics. New interview with @freddienew.
Listen: https://open.spotify.com/episode/5b2lZTTo7yaxWhx4uk8UIq?si=5c0a9237680442ee
Watch: https://youtu.be/gN_xLNQKfSo
I think that simply stated when money is printed it is almost always because it is being borrowed
poor people can't borrow money
rich people get rates close to zero just like microstrategy's doing
Bill Gates can borrow billions and use it to buy whatever he wants including Bitcoin
your average homeless guy can't borrow anything from anybody
Ayyee nostr:npub1wl39ydk5rpecvtrzhq67afl9ykn2ty2xdxdkfmyan0rss3f3ma5sndznlx !
Can’t wait to listen
Very much looking forward to listening to this. Freddie a real one!
nostr:note1apvpxkmd77pzqju0u8ge6xjd5ccq6exqznf5cpmy48jcu7vdax6qtucukx
What happened with the RSS feed ? The episode is 30minutes.
Pete “People can sense something is wrong” a term was coined in the Soviet Union to describe this ‘hypernormalisation’ Adam Curtis built an film around this idea. You can find it on BBC iPlayer. A fantastic watch 
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The heart of this for me is that easy money creation, and cheap debt, led to a boom in company acquisitions - where companies like Thames Water were bought with newly created money in the form of cheap debt, for which the target (the water company) pays. This is the reason there is no money left for maintaining their infrastructure - they have to spend it all on debt servicing
It was brilliant for you if you were the buyer, but generally terrible for the target company (and by extension in this case, everyone who needed to drink water).nostr:note1apvpxkmd77pzqju0u8ge6xjd5ccq6exqznf5cpmy48jcu7vdax6qtucukx har
