The Great Simplification with Nate Hagens

The Speed Bump | Frankly #12

Oct 14, 2022

22:24

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The discussion dives into the unsustainable nature of modern financial systems, highlighting rising debt and monetary inflation. It examines the risks from high interest rates and energy resource limitations, particularly oil. The global landscape is scrutinized as countries grapple with borrowing in a strong dollar amidst geopolitical tensions. Listeners are urged to brace for a financial crisis, focusing on the importance of adaptability and creativity in navigating economic hardship. A pressing financial recalibration seems just around the corner.

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Quick takeaways

Modern finance has transformed self-worth into a financial metric, emphasizing wealth over intrinsic value and altering societal success definitions.

The podcast highlights alarming global debt levels and systemic risks posed by 'zombie companies,' urging the need for financial recalibration and adaptability.

Deep dives

Financializing Human Experience

Modern society has transformed the human experience into a financial metric, often measuring self-worth based on net worth, which reflects a broader cultural trend that values wealth as a measure of success. This financialization permeates all aspects of life, reducing complex human experiences to simple monetary terms such as dollars or euros. As a result, people's perceptions of growth and value have become increasingly tied to financial markers, which are often detached from actual material and energy realities. This shift in values not only influences individual perceptions but also redefines societal expectations around success and the accumulation of wealth.

Intro

12min

Navigating Economic Fragility Amidst Energy Limits and Rising Interest Rates

3min

Financial Strain and the Future of Global Currency

6min

Navigating the Financial Speed Bump

2min

Despite the improved standard of living that modern finance has enabled, it has also created an unsustainable economic system rife with systemic risk. Recent trends in debt, monetary inflation, interest rates and U.S. dollar hegemony are accelerating us toward a point of biophysical reckoning when the system can no longer function as intended, and nearly everyone's financial comfort level will suffer in the ensuing recalibration back to reality. This week’s Frankly is a reflection on the financial industry’s history of accelerating through crisis after crisis, each time sowing the seeds of the next, bigger crisis. Is the mother of all speed bumps just ahead?

For Show Notes and Transcript visit: https://www.thegreatsimplification.com/frankly-original/12-the-speed-bump

To Watch on Youtube: https://www.youtube.com/watch?v=hYQDEa99pYU

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