Economist Who Predicted 2008: “The Financial System Is About To Collapse” | Ann Pettifor

Ann Pettifor is a world-renowned political economist, author of The Production of Money and former director of the Jubilee 2000 campaign, which successfully mobilised millions to cancel over $100 billion in sovereign debt for developing nations. Correctly predicting the 2008 Great Financial Crisis in her 2006 book The Coming First World Debt Crisis, she has spent decades exposing how unregulated global finance, central bank printing, and Wall Street speculation starve the real economy of productive investment.

Ann and I discuss how a grassroots army of ordinary citizens forced Gordon Brown and Tony Blair to cancel third-world debt, the reality of commercial and central bank money creation and how Richard Nixon’s 1971 decision to sever the dollar from gold handed total economic control to global financial markets.

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TIMESTAMPS:
00:00 – They Are Never Going To Repay
01:22 – How To Cancel $100 Billion Of Debt
06:50 – Germany Had Its Debt Cancelled In 1953
10:12 – Arms Dealers, Dictators And Guarantees
13:40 – Creditors Love An Empty Balance Sheet
16:42 – Where Money Actually Comes From
17:30 – We Entered The Number Into A Computer
19:24 – Debt Is A Function Of A Weak Economy
24:04 – Why Everyone Is Angry At The Same Time
26:02 – The Queen Asked Why Nobody Predicted It
30:11 – The Next Crisis Is Imminent
33:37 – Private Credit And The South Sea Bubble
37:15 – What Happened In 1971
43:15 – The Bankers Who Expected Prison
49:49 – The Strongman Takes Them To War
51:45 – I’d Nationalise Thames Water Tomorrow
57:05 – Who Inflation Targets Actually Protect
1:03:00 – The State Invented The iPhone
1:09:22 – Nationalism And Patriotism Are Not The Same
1:13:16 – Why She Still Has Hope

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EDITED BY CONOR MCCORMACK
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#AnnPettifor #DebtCrisis #FinancialCrash #Economics #CentralBanks

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