AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161
PBD Podcast
What Happened in Japan in the 1980s?
Excess bank credit in the 80s when they're revved our bank lending for property for real estate creating this huge asset bubble. Once banks stop creating credit for these asset purchases then asset prices don't rise anymore. It's a Ponzi scheme like a pyramid scheme snowball system While banks keep creating credit for new property purchases everything will go upEveryone is happy everyone makes money even the tax man Gets more revenues but it's a game of musical chairs once the music stops.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode