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All posts in Finance

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150-Strong: A Pathway to a Different Future – Serialisation Part 3

“The more laws and commands there are, the more thieves and robbers there will be.” Lao Tzu Information leaked in the Panama Papers about the use…

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Meet the Renegades Bonus - John Lanchester on the London Housing Crisis

In this bonus sequence from our Meet the Renegades show, writer John Lanchester talks about the London housing crisis, it’s social impacts and it’s consequences…

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Meet the Renegades - Martin Sandbu

In this episode of Meet The Renegades we speak to economics writer Martin Sandbu from the Financial Times.

His recently released book ‘Europe’s Orphan: The Future of the Euro and the Politics of Debt’ attacks the current thinking of what politicians and policy makers in Brussels and Frankfurt consider to be self-evident.

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Can Central Banks Bail Out The Economy Next Time Around?

There are vast numbers of Zombie companies out there who are paying off nominal interest payments on huge debts in order to keep the lights…

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Meet The Renegades - Anat Admati

Ross Ashcroft speaks to Anat Admati, Finance and Economics professor at Stanford School of Business. She is author of The Bankers’ New Clothes and gives a truthful view into the banking sector and the damage it has caused to the real economy.

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Matthew Tyrmand Interview

In this Renegade Inc. talk show at Camp Kotok in Maine, Ross Ashcroft speaks to Matt Tyrmand from the NGO American Transparency which focuses on government accountability….

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Barry Ritholtz Interview

At Camp Kotok in Maine, USA, Ross Ashcroft speaks to author, columnist, equities analyst and CIO of Ritholtz Wealth Management, Barry Ritholtz. They discuss the…

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David Kotok Interview

Ross Ashcroft speaks to David Kotok, founder of Camp Kotok, in Maine, and Chairman and Chief Investment Officer of Cumberland Advisors. They discuss the origins and…

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Trickle Down Economics

In this extract from the documentary Four Horsemen, some of the world’s leading economists discuss the myth of trickle down economics.

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How To Be Self-Employed In The “Big Society”

Making a job, not taking a job means so much more than simply turning your back on employment and setting up on your own. It is more a way of life, a new distinctive multiple income stream lifestyle. It requires a new way of thinking, and not relying on big business or government to put our best interests first.

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Elite power and unearned wealth

By now you may have noticed a common theme in these descriptions of how the banking sector and the financial markets make money: they do…

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Fractional reserve banking

Fractional reserve banking began in Britain in the early days of gold and silver coinage, when people would deposit their coins with goldsmiths for safekeeping….

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A Modern Greek Tragedy: A Warning to Others?

Looking at the terms of the Greek bailout one thing is abundantly clear: this is not only a heartless deal, but a brainless one as…

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Will Greece Ever Be Free From Its Creditors?

Can Greece ever pay off its debts, adopt a German economic mindset and stay in the euro? Since 2010 we have been gripped by the…

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Money and Wealth

Most people equate money with wealth, but in economic terms money and wealth are quite separate things. Wealth can be defined as those goods and…

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Markets and Power

Our life prospects and our capacity to secure the wealth we need to survive and flourish are determined by the amount of economic power we…

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Professor Michael Hudson - The German Debt Jubilee

In this extract from the documentary Four Horsemen, Professor Michael Hudson explains how the German Debt was cancelled in 1947.

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The Financial System

Changes to the monetary and taxation systems will provide mechanisms for curtailing two of the three forms of unearned wealth that drive much of the…

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Too big to fail or too big to bail?

Since the crash, taxpayers’ money has been used to bail out failing banks because they are perceived to be too big to fail. Are they…

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Good money, bad money

Generally, loans are made (and money is created) for one of three purposes: to fund direct investment in the creation of new tangible wealth; to…

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A debt that can’t be paid won’t be

Although the current crisis is possibly the most serious and complex in human history, it follows a pattern that has existed since ancient times. The…

Ross Ashcroft: Economics and Europe

Kim Hill from Radio New Zealand discusses Greece, austerity and Europe’s future with Ross Ashcroft on her Saturday Morning show.

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Harold Crooks and John Christensen Interview - Part 2

Harold Crooks, Director of “The Price We Pay” and John Christensen, Director and Co-founder of Tax Justice Network discuss the Robin Hood tax, the capture of the political class by the financial industry and the hope that lies in civil society’s intensifying fight for tax justice in the second half of this interview series.

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Land and Housing

Everyone has a basic right to shelter, which they should be able to call home. A home should not be an investment but a place…

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Prof. Joseph Stiglitz - Banking Regulations

Prof. Stiglitz on who should really take the blame for the financial crisis.

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Roulette for the rich

In 1970, ninety per cent of financial flows were used to finance trade or investment in the real economy; only ten per cent was speculative….

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Commodity-backed money versus fiat money

The use of precious metals as money goes back nearly three thousand years. Until quite recently, gold and other metals (notably silver) were the basis…

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Fiat Money

How is it that we’ve ended up with a system in which banks have the power to create money? In this extract from Four Horsemen we explain what Fiat money is.

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Steve Keen on the Fed & Bank of England

Steve Keen Interview - Part 2: Elaborating on the problems with austerity, Steve Keen explains how private debt really works.

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Socialism for the Rich - Capitalism for Everyone Else

The wider public is depressingly disinterested in the workings of the economy; nowhere is this more evident than in their ignorance of the monetary system….

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Speculate, Accumulate and Derail the Economy

As a way of securing wealth without engaging in real economic activity – the act of combining land, labour and capital to create something with…

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Gillian Tett - The Banking Sector

What is the fall-out from a financial industry now so detached from the rest of society?

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Renegade Economist Talk Show - In conversation with Prof Steve Keen

Ross Ashcroft from Renegade Economist speaks with Steve Keen whilst he was in London to launch his new book ‘ Debunking Economics: The Emperor Dethroned?’

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The Ashcroft Interviews: Bankers on the Couch

Ross Ashcroft interviews Julia Noakes, author of the soon to be released book ‘Bankers on the Couch’.

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Tarek El Diwany - The Origin of Banking

Tarek El Diwany explains the beginning of manufactured money.

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Simon Johnson - Starting a Revolution

We’ve been ripped off by the current system, so how do we start a revolution?

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Prof. Simon Johnson - Goldman Sachs

Former IMF chief economist Simon Johnson discusses the leverage of Wall Street banks in Washington D.C.

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Max Keiser - Interest Rates

A former Wall Street trader discusses the risks of interest rates.

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Prof. Michael Hudson - The New Financial Balance

Michael Hudson predicts the new financial balance by analysing the current situation of countries that are ahead of us in the curve.

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The money paradox

These arguments appear irreconcilable. So who is right? And how could there have been any doubt? The reason the argument rages so often is that…

We now live in a nation where doctors destroy health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the press destroys information, religion destroys morals, and our banks destroy the economy.

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Renegade Economist Talk Show - Positive Money

We met Ben Dyson and Andrew Jackson from Positive Money. Listen to their proposals to reform the monetary system.

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Vanquishing the Middle Men

This is the future of banking. Like during the 16th Reformation you either evolve or die. Watch why…

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Private Sector Debt

It’s what’s left unsaid All the talk from politicians, economists and even most journalists is of government debt to GDP ratios. All of the problems…

Renegade Thinking

Dirty Little Debt Secret

Ross Ashcroft speaks with Richard Vague - former banker and author of The Next Economic Disaster. They talk about his insights into private debt and…

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Max Keiser - The Federal Reserve

Is the Fed just an extension of European Central Banks?

Wall Street has become a very specific type of casino. Unfortunately it's not the type they have in Las Vegas that is a legitimate form of entertainment. It's a casino that has massive negative effects on the rest of society.

Simon Johnson

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Tarek El Diwany - The Financial Fallout

A former trader speaks about life inside the system.

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Prof. Simon Johnson - Regulations

Former IMF chief economist Simon Johnson discusses how the financial part of our society should be more constrained.

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Colonel Lawrence Wilkerson - Robert Rubin

Colonel Wilkerson asks a fundamental leadership question.

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The Economic Crisis Within

This simple question reflected a widely held view that economics as a subject had something to answer for. For a proportion of economists (and their…

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Our Monetary System

They assume that money is essentially tokens that get passed from person to person as they exchange goods. One would assume that the amount of…