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:
00:00:00 - They Are Never Going To Repay
00:01:22 - How To Cancel $100 Billion Of Debt
00:06:50 - Germany Had Its Debt Cancelled In 1953
00:10:12 - Arms Dealers, Dictators And Guarantees
00:13:40 - Creditors Love An Empty Balance Sheet
00:16:42 - Where Money Actually Comes From
00:17:30 - We Entered The Number Into A Computer
00:19:24 - Debt Is A Function Of A Weak Economy
00:24:04 - Why Everyone Is Angry At The Same Time
00:26:02 - The Queen Asked Why Nobody Predicted It
00:30:11 - The Next Crisis Is Imminent
00:33:37 - Private Credit And The South Sea Bubble
00:37:15 - What Happened In 1971
00:43:15 - The Bankers Who Expected Prison
00:49:49 - The Strongman Takes Them To War
00:51:45 - I'd Nationalise Thames Water Tomorrow
00:57:05 - Who Inflation Targets Actually Protect
01:03:00 - The State Invented The iPhone
01:09:22 - Nationalism And Patriotism Are Not The Same
01:13:16 - Why She Still Has Hope
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CONTACT PETE
› Website – http://petermccormack.com
› Feedback – https://www.petermccormack.com/contact
› Email – me@petermccormack.com
› Instagram – https://www.instagram.com/mccormack555/
› X/Twitter – https://x.com/petermccormack/
CONNECT WITH ANN PETTIFOR
› Website – https://annpettifor.com/
› System Change Substack – https://annpettifor.substack.com/
› PRIME Economics – https://primeeconomics.org/
› X/Twitter – https://x.com/AnnPettifor
SPONSORS
› IREN – https://www.iren.com/
› Quo – https://quo.com/pete
› Expat Money – https://expatmoney.com/peter
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LISTEN / SUBSCRIBE
› Apple Podcasts: https://apple.co/40ruY9K
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FILMED BY CURTIS TAYLOR
› https://www.curttaylor.co.uk/
EDITED BY CONOR MCCORMACK
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