Ann Pettifor
👤 SpeakerAppearances Over Time
Podcast Appearances
And we've given them the whole world to play with.
And what's really difficult about a bubble is predicting when it bursts, really.
And nobody knows what will be the trigger as well, because it will be some weird thing that will blow up from nowhere that you would not expect it to be.
But that it's a bubble is commonplace now.
I mean, everybody is saying it.
There's nothing clever about saying it.
And, you know, what's also terrifying is, and this is where we have to understand our public institutions, because what I want to make clear in the book is that these guys operate in this stratosphere, but at the same time, they tethered to the Federal Reserve, basically.
And Jerome Powell has said, and I quote him in the book, don't worry, we've got all that it takes to bail them out, you know.
If you have a central bank that exists to bail out these big bad guys, these very wealthy elites, the people will get angry.
The people are pissed off about it.
And they're right.
You know, we think the people don't understand macroeconomics.
We're completely wrong.
They get it.
They can see what's going on.
You and I can see what's going on, right?
And they are mad as hell.
And in my book, I argue,