COVID-19 and climate change have not only shown us how brittle the world’s supply chains really are, but also how they are being used by central bankers to hide a decade of monetary policy mistakes. In March, 2020, we sat down with Hedge Fund Manager and Investor, Mitch Feirstein and CEO of State of Flux, Alan Day, to discuss how COVID-19 would affect the world’s supply chain. As their predictions came true against the backdrop of the recent COP26 talking shop, host Ross Ashcroft invited them back to explain the mess we are in. - Broadcast 15 November 2021 - 7 Key Points 1. Eighteen months ago Mitch Feierstein called out the notion that the pandemic as well as the dotcom bubble and Bernanke housing crisis that preceded it, were used by governments' and central banks as camouflage to facilitate the printing of enormous amounts of bailout money into a broken system intended to benefit billionaires. Feierstein predicts that the next crisis will comprise a QE extension of tens or hundreds of trillions of dollars in bailouts and hidden guarantees, this time with COP26 as the facilitator. 2. Feierstein argues that the Wests strategy of endless money printing is premised on Stephanie Kelton's model of modern monetary theory. The infamous Magic Money Tree that's derived from it, ostensibly intended to solve societal or economic problems, is in truth, a strategy that is inflationary and, hence, fiscally imprudent and irresponsible. 3. Economic commentators constantly talk about the stock market as if it's the real economy but rarely do they highlight the disconnect between them. Feierstein says that what we're seeing is huge amounts of money borrowed at almost zero interest which is then used to buy-back a record amount of stock. Currently there are trillions of dollars in negative interest rate yielding bonds which the investor says is complete monetary insanity that will come back to haunt people in terms of hyper inflation. 4. The investor makes the point that hyperinflation is already a feature among selected asset classes like property where there have been exponential price increases. In the absence of any correlation between house prices and earnings, those markets become untethered to each other which is ripe for a disaster. The investor is starting to witness this in terms of negative yields in the bond market which manifests in illegal debt monetisation. 5. Back in March, 2020, State of Flux CEO, Alan Day, accurately predicted what was going to happen with our supply chain woes in terms of shortages in supermarket shelves, petrol and lorry driver shortages as well as rising inflation filtering through to the marketplace. Day interprets these changes as an inevitable reflection of an unsustainable consumption and throwaway model. 6. Acc ... https://www.youtube.com/watch?v=NCHvbh4kQfI

In this extract from the ‘Rising Tides: Eco VS EGO’ episode of Renegade Inc, Rory Spowers discusses the importance of a having a circular economy. Watch Renegade Inc. here: https://www.rt.com/shows/renegade-inc/ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ Renegade Inc. provides its members with the content and connections that help navigate the ‘new normal’. Finding the people who are thinking differently about the world means we offer an alternative perspective on business, leadership, economics, education and the arts. Support us by subscribing here http://bit.ly/1db4xVQ - Become a Renegade Inc. member at our website here: http://www.RenegadeInc.com - Follow us on Twitter at https://www.twitter.com/RenegadeEcon - Find us on Facebook at https://www.facebook.com/RenEconomist ... https://www.youtube.com/watch?v=HK47VKT57tY