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Thinking Clearly about the Banking System

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Manage episode 329859250 series 2497796
Content provided by Brad Mills. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brad Mills or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Frances Coppola (author of The Case for People’s Quantitative Easing) joins Brad Mills to break down the evolution and inner workings of the financial system. The two walk through the last 100 years of changes to central banks and monetary policy to arrive at the current state of banking in 2020 and beyond. This episode helps contextualize bitcoin in the broader scope of the international financial system by understanding the nuances around money creation and distribution.

Time Stamps

00:00:25: Introduction from Brad

00:28:04: Brad introduces Frances Coppola

00:29:40: Central bankers might not know how the financial system works

00:31:05: How lending actually works

00:38:50: What bank reserves on the bank balance sheets do

00:46:30: Difference between fractional reserve banking and current financial system

00:57:05: Discussion on coming off the gold standard and how this changed how money works

01:12:02: How easy it is to create money through quantitative easing

01:20:50: The maturing of assets on the balance sheet

01:29:50: Preventing the collapse of assets in the Great Depression and 2008

01:34:00: Inter bank borrowing, lending, and settlement

01:44:20: The narrative behind how the financial markets responded to the COVID economic crisis

01:50:50: Is the Federal Reserve actually printing money?

02:00:35: Why the repo markets dried up

02:04:10: What happens to stablecoins during crypto crashes

02:07:35: Discussion on Celcius and crypto lending

02:10:05: Wrap up, thank you, and closing thoughts

Links to Mentions in the Show

London Interbank Offered Rate (LIBOR)

Book: Fiasco

Book: Central Banking 101

Frances Coppola Social Links

Frances Coppola on Twitter

Frances Coppola on Forbes

CoppolaComment.com

Book: The Case For People's Quantitative Easing

Brad Mills Social Links

Brad Mills Twitter

Magic Internet Money Twitter

Magic Internet Money Facebook

Magic Internet Money Instagram

  continue reading

77 episodes

Artwork
iconShare
 
Manage episode 329859250 series 2497796
Content provided by Brad Mills. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brad Mills or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Frances Coppola (author of The Case for People’s Quantitative Easing) joins Brad Mills to break down the evolution and inner workings of the financial system. The two walk through the last 100 years of changes to central banks and monetary policy to arrive at the current state of banking in 2020 and beyond. This episode helps contextualize bitcoin in the broader scope of the international financial system by understanding the nuances around money creation and distribution.

Time Stamps

00:00:25: Introduction from Brad

00:28:04: Brad introduces Frances Coppola

00:29:40: Central bankers might not know how the financial system works

00:31:05: How lending actually works

00:38:50: What bank reserves on the bank balance sheets do

00:46:30: Difference between fractional reserve banking and current financial system

00:57:05: Discussion on coming off the gold standard and how this changed how money works

01:12:02: How easy it is to create money through quantitative easing

01:20:50: The maturing of assets on the balance sheet

01:29:50: Preventing the collapse of assets in the Great Depression and 2008

01:34:00: Inter bank borrowing, lending, and settlement

01:44:20: The narrative behind how the financial markets responded to the COVID economic crisis

01:50:50: Is the Federal Reserve actually printing money?

02:00:35: Why the repo markets dried up

02:04:10: What happens to stablecoins during crypto crashes

02:07:35: Discussion on Celcius and crypto lending

02:10:05: Wrap up, thank you, and closing thoughts

Links to Mentions in the Show

London Interbank Offered Rate (LIBOR)

Book: Fiasco

Book: Central Banking 101

Frances Coppola Social Links

Frances Coppola on Twitter

Frances Coppola on Forbes

CoppolaComment.com

Book: The Case For People's Quantitative Easing

Brad Mills Social Links

Brad Mills Twitter

Magic Internet Money Twitter

Magic Internet Money Facebook

Magic Internet Money Instagram

  continue reading

77 episodes

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