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Ann Pettifor

👤 Speaker
307 total appearances

Appearances Over Time

Podcast Appearances

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

We don't want your greenbacks.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

Because what Nixon said was, we haven't got money to repay you in that way.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

But what you can do is you can borrow one of our government bonds.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And if you hold that, we'll pay it over 30 years.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And, you know, so you'll get that in return for it.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And as I say in the book, it's like going to your tailor and saying, please make me a suit and paying your tailor.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And then your tailor paying you back again.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And you're thinking, well, God, if I've got that money again, I'll have another suit.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And that's how the Americans treated.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

You know, we lent them money.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

So they kept buying and consuming and consuming.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And eventually huge imbalances built up.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

So you've got to start with Twitter and X, right?

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

Okay.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

So he pays crazy, crazy money.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

Way over the odds.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

Just to have the power of that platform, right?

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And it's given him huge power, let's face it.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

So what is he doing?

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

He's merging his companies to invest money effectively in Twitter, ultimately, to put some of their surplus into the deficit that Twitter's built up.