The medium of exchange is one core function of money. It matters because trade depends on acceptance and liquidity.
The medium of exchange is one core function of money. It matters because trade depends on acceptance and liquidity.
“If your model can’t reproduce the great depression, it’s not a model of the capitalist economy”
Whether you like all of Prof. Steve Keen’s opinions or not, you have to listen to his economy theory.
We keep missing coming economic crises because the neoclassical models are completely wrong, especially about debt.
https://www.youtube.com/watch?v=9TDSGSg6rr4
#economy #models #stevekeen #economiccrash #debt #instability #monetarysystem #capitalism

PitchFork Economics: "Today, each dollar in circulation generates up to 70% less economic activity than it did just ten years ago."
Ann Pettifor: "Where does money come from? Money comes from individuals applying for loans in the first instance; or money originates as credit."
Ann Pettifor: "Money is created by you and me. And we need a bank to help us do that."
#credit #confidence #moneyCreation #activity #business #growth #MMT #banking #monetarySystem #money
Gold's About to SHOCK Us All! Gold & Silver Prices Will Soar DRAMATICALLY Soon - Adrian Day Gold's About to SHOCK Us All! Gold & Silver Prices Will Soar DRAMATICALLY Soon - Adrian Day In a comprehensive analysis of the gold market, renowned global investment expert Adrian Day offers insights into the complex dynamics driving precious metal prices. Day emphasizes a crucial yet often overlooked aspect: many gold buyers operate outside the United States, pricing the metal in currencies such as the Australian dollar, Chinese yuan, and Japanese yen. This global perspective suggests that while the 3,000 dollars mark may
100% CERTAINTY! Your Gold & Silver Holding Is About to Become Quite Priceless - Peter Krauth 100% CERTAINTY! Your Gold & Silver Holding Is About to Become Quite Priceless - Peter Krauth At the end of 2024, the entire investable silver market was worth about 75 billion dollars, a fraction of Gold's 3.6 trillion dollars and copper's 600 billion dollars. This relatively small market size makes silver prices extremely responsive to monetary and investment demand changes. With a market size significantly smaller than Gold's, silver tends to be more sensitive to supply and demand shifts. From 2008 to 2011, Gold
Huge News! I Just Changed My Entire Predictions For Gold and Silver Prices in Q4 - Lobo Tiggre Huge News! I Just Changed My Entire Predictions For Gold and Silver Prices in Q4 - Lobo Tiggre Just two months ago, the precious metals community was growing frustrated with gold after its choppy, lukewarm summer price action. Silver is expected to make new cycle highs and ultimately climb to the technical price target of 40 dollars. Since the September lows, there have been cyclical outperformance in the broader market, as recent strong economic data implies that the recession scare in the
Huge News From FED! China's LATEST BOMBSHELL Will Change Gold & Silver Prices FOREVER - Adrian Day Huge News From FED! China's LATEST BOMBSHELL Will Change Gold & Silver Prices FOREVER - Adrian Day Adrian Day is a prominent investment manager and financial expert known for his expertise in global markets, particularly in precious metals and mining stocks. He predicts a decline in the US dollar over the next two years due to growing twin deficits and a slowing economy. He emphasizes that while the dollar has historically remained strong as the world's reserve currency, its status is gradually diminishing,