The Library of Mistakes Ep 3: Adapting to the New Economic World Order (Hidden Forces v Russell Napier)
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Apr 25, 2022 
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Study Financial History Broadly
- Learn financial history and cross‑disciplinary context to understand markets.
- Russell Napier recommends studying history, politics, and philosophy to avoid modern finance blindspots.
Central Bank Focus Is Misleading
- Investors obsessing over central bank rates are asking the wrong question.
- Russell Napier argues monetary policy focus is obsolete in a regime change driven by debt and geopolitics.
Low Rates Plus QE Created The Debt Problem
- The post-1978 toolbox of low rates and QE raised debt-to-GDP to unprecedented levels.
- That historic leverage makes the old monetary fixes unable to reduce systemic debt now.