The Financial System Limit
The world's real debt burdenBy David Kauders
Length1h 51m
About this audiobook
The policy of bailing out every financial crisis with more credit is damaging society. British investment manager David Kauders FRSA puts forward three radical theories to explain why the global economy is stagnant.
Can the world really continue to stimulate its way out of every downturn? What happens to debt as central banks and governments buy prosperity?
In
The Financial System Limit, the author shows that Keynesian economics can no longer benefit society. He explains why debt cannot expand to infinity; then how debt interest is a cost to us all. The global economic cycle is now determined by central bank policies.
David Kauders FRSA is a British investment manager who has been concerned about the hidden social costs of easy money. This is his third book.
Read
The Financial System Limit to understand why banks keep failing and learn why financial and economic policies have to change. You will discover why debt reduction programs do not work.
Instead of reacting to the news stories of the day, join the challenge to the economic consensus by reading
The Financial System Limit.
Audiobook details
GenreBusiness and Economics
Length1 hr 51 mins
Narrated byListen with 1,000+ voices
FormateBook with Audio
Publish dateJul 27, 2020
LanguageEnglish
Table of contents
1The world’s real debt burden
2OVERVIEW
3ABOUT THE AUTHOR
4BY THE SAME AUTHOR
5PUBLISHER’S NOTE
Show all chaptersShow less
6DEFINITIONS AND EXPLANATIONS
7Positive nominal interest rates
8Negative nominal interest rates
9Lower bound to interest rates
10Positive real interest rates
11Negative real interest rates
12Sound money
13Administered rates
14INTRODUCTION
15PART ONE
16THREE RADICAL THOUGHTS
171 THE FINANCIAL SYSTEM LIMIT: A logical proof
182 DEBT INTEREST IS A COST TO SOCIETY
19Estimating the cost of interest paid
20Examples of the scale of debt
21Where does all the interest go?
223 THE CENTRAL BANKING ECONOMIC CYCLE
23Traditional economic cycles
24The service industry capacity cycle
25Another change started with the 1987 crash
26PART TWO
27ACADEMIC THEORY AND CASE STUDIES
284 ACADEMIC THEORY
29Modern Monetary Theory
30Capital and income theory
31The limits of economic theory
32Inflation targets cause deflation: Redefining the misery index
335 TWO CASE STUDIES OF THE FINANCIAL SYSTEM LIMIT
34Puerto Rico
35Carillion
366 PENSIONS
37Defined benefit pension protection
38Pension investment
39PART THREE
40CAN THE WORLD ESCAPE ITS DEBT PROBLEM?
417 EXISTING IDEAS
42Fiscal policy
43Prevent banks creating credit
44Helicopter money
45Cancel both sides
46Liquidate assets
47Taxing wealth to pay down debt
48Debt to equity conversion
49Government debt
50Expanding Special Drawing Rights
More from David Kauders
Never Split the DifferenceChris Voss, Tahl Raz8h 7m4.4 (277.7K)$26 · $0.00
The Intelligent Investor Rev Ed.Benjamin Graham17h 48m4.3 (191.5K)$40 · $0.00
The Hard Thing About Hard ThingsBen Horowitz7h 57m4.2 (134.3K)$26 · $0.00
Boundaries for LeadersHenry Cloud7h 36m4.3 (3.6K)$26 · $0.00
Not Everything Counts but Everything Matters: The powerful and inspirational new book about leadership and achieving success from the visionary multi-premiership winning Panthers coachIvan Cleary6h 1m4.6 (680)$24 · $0.00
BuildTony Fadell11h 5m4.5 (14.3K)$8 · $0.00
The Joys Of CompoundingGautam Baid17h 34m4.5 (2.5K)$18 · $0.00
Basic EconomicsThomas Sowell18h 32m4.5 (29.3K)$28 · $0.00
Poor Charlie’s AlmanackGrover Gardener, Charles T. Munger13h 9m4.5 (24.7K)$18 · $0.00
The Ambuja StoryNarotam Sekhsaria13h 59m4.5 (830)$33 · $0.00
The Secret Door to SuccessFlorence Scovel Shinn2h 25m4.5 (2.1K)$1.20 · $0.00
This Is Going to HurtAdam Kay5h 47m4.4 (444.7K)$24 · $0.00
Big TrustShadé Zahrai, Fayçal Sekkouah8h 36m4.6 (406)$26 · $0.00
The Intelligent Investor Third EditionBenjamin Graham, Jason Zweig20h4.4 (156.6K)$46 · $0.00
Bottle of LiesKatherine Eban14h 25m4.4 (12K)$33 · $0.00
The Antiracist Business BookTrudi Lebrón6h 10m4.6 (275)$17 · $0.00
The FormulaJoshua Robinson, Jonathan Clegg10h 41m4.4 (6.9K)$29 · $0.00
Let Them LeadJohn U. Bacon7h 10m4.5 (1.4K)$24 · $0.00
Secrets of the Millionaire MindT. Harv Eker5h 11m4.4 (301.4K)$24 · $0.00
The Person You Mean to BeDolly Chugh9h 6m4.4 (7.2K)$29 · $0.00
You may also like
Federalist & Anti-Federalist Papers - Complete EditionAlexander Hamilton, James Madison, John Jay, Samuel Bryan, Patrick Henry22h 28m4.3 (3K)$1.99 · $0.00
The Servile StateHilaire Belloc4h 18m4.1 (1.3K)$2.30
The Big Three in EconomicsMark Skousen9h 8m3.8 (1K)$20
The Condition of the Working-Class in England in 1844 with a Preface written in 1892Friedrich Engels11h 13m4.1 (5.8K)$1 · $0.00
1984George Orwell11h 30m4.3 (6.1M)$1.20 · $0.00
UnhumansPosobiec, Jack9h 34m4.1 (2.2K)Free
The War on Small BusinessCarol Roth9h 24m4.4 (411)$29 · $0.00
How the Other Half BanksMehrsa Baradaran9h 35m4.2 (961)$20 · $0.00
Empire of MudJ. D. Dickey9h 21m3.7 (1K)$20
Philosophy and Opinions of Marcus Garvey (Annotated)Marcus Mosiah Garvey4h 42m4.5 (1.7K)$0.99 · $0.00
The Federalist Papers & Anti-Federalist Papers: Complete Edition of the Pivotal Constitution DebateAlexander Hamilton, James Madison, John Jay, Patrick Henry, Samuel Bryan22h 14m4.4 (7.7K)$2 · $0.00
CapitalismAyn Rand14h 16m4.0 (5.2K)$25 · $0.00
Summary of Silent SpringRachel Carson2h 29m4.2 (82.5K)$7 · $0.00
Barbarous Mexico (Annotated)John Kenneth Turner11h 59m4.2 (2.1K)$2 · $0.00
Andrew Jackson's Farewell AddressAndrew Jackson1h 8m4.3 (37)$0.99 · $0.00
God Wars: The Beginnings: An Unbelief PrequelC. B. Stone3h3.6 (20) Only with Ultra
The Impending CrisisBasil A. Bouroff4h 43m$2 · $0.00
The Ultimate Obama Survival GuideWayne Allyn Root11h 36m3.8 (578)$23 · $0.00
CatastropheDick Morris, Eileen McGann6h 26m3.8 (657)$24 · $0.00
The Murder of the Middle ClassWayne Allyn Root10h 54m4.2 (62)$20 · $0.00