Joe Brown from Heresy Financial outlined eloquently how central banks like the FED or the ECB use increasingly more unconventional monetary policies that in the longterm can have unknown and unintended consequences on the economy and the financial system.

Topics  

Background & why Joe started Heresy Financial  

Biggest heresy in the financial system? 

Unconventional monetary policies is the new normal 

Why the US can print free money

FED taboo policies

Can the FED use negative

How do central banks grow beyond their initial role as lender of last resort to buyer of first resort? Why is quantitative easing monetary laughing gas? Renown economist Daniel Lacalle (Tressis) discussed with Alexej Jordanov and Bart Brands the Austrian School of Economics, why Modern Monetary Theory will always fail, escaping the Central Banks' money printing, ECB policies and debunking its power over the economy.... »

What happened in 1971 and why is it the root cause of a failing global financial system? In the first part of our interview, Edin Mujagić, chief economist at the OHV, discussed with Alexej and Bart the consequences of how Richard Nixon's decision to end the gold standard in 1971 profoundly changed the nature of money, the global economy and society for ever. Through conversations with former FED chairman Paul Volcker (1979-1987), Edin was able to gather unique insights on how the turning point in 1971 triggered: - the global financial crisis in 2007 - negative interest rates - record high sovereign debt - Central Bank Digital Currencies - disastrous gradual merger of fiscal and monetary policies - other worrying economic trends among others