Joining us in the booth this week is Professor Steve Keen who accurately predicted the 2007-2008 global financial crisis and is a distinguished research fellow at UCL, the author of 3 books: the new economics: a manifesto, can we avoid another financial crisis and debunking economics and has about 80 refereed papers on topics including flaws in the economic analysis of climate change, the causes of financial instability and much more! In this episode we discuss: What is a global financial crisis? - How the climate change crisis and global warming will cause the next global financial crisis and bankrupt the UK economy - The impact climate change and global warming will have on us and the global economy - The potential timelines for when this climate change crisis could occur - Can the next global financial crisis be prevented? - The future of the UK economy - Whether the UK state pension is sustainable and much more 🔗 Connect with Professor Steve Keen: Youtube - https://www.youtube.com/@ProfSteveKeen Patreon - https://www.patreon.com/ProfSteveKeen Substack - https://profstevekeen.substack.com 📚Grab a copy of Professor Steve's book: Can We Avoid Another Financial Crisis: https://amzn.to/3YLKrAB The New Economics: A Manifesto: https://amzn.to/4eb10dT Debunking Economics: The Naked Emperor Dethroned?: https://amzn.to/3YS21mw 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet Check out our partner who is offering an Instant Savings Account Earning 4.07% AER Variable for your Business: Tide - https://tide.onelink.me/IS48/SavvyWallet T&Cs Apply. Check out our partners who offer Stocks and Shares ISA and more: ⚡️Trading 212⚡️ Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY If you don't get the free share automatically after depositing £1. Use the code "SAVVY" in the promo code box. You can use this code for up to 10 days after opening the account. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. ⚡️Hargreaves Lansdown ⚡️ http://hl.7eer.net/B0mz50 Capital at risk ⚡️Interactive Investor ⚡️ https://prf.hn/click/camref:1101l3RTLM/ar:SW Capital at risk Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. TIMESTAMPS 00:00 - Preview 00:51 - Intro 01:27 - Meet Professor Steve Keen 06:52 - Growing up in Sydney, Australia 12:45 - How I became an economist! 16:39 - How I predicted the 2007-2008 financial crisis 21:49 - What is private debt? 28:19 - What is a global financial crisis? 32:23 - Will we have another global financial crisis? 39:37 - Why credit is needed for the economy 45:26 - This will cause the next global financial crisis! 50:06 - Potential impacts of the next global financial crisis! 55:25 - When could the next global financial crisis happen? 01:02:12 - Where in the world will be impacted by the climate crisis 01:11:26 - What can we do to prevent the climate crisis and next global financial crisis? 01:15:51 - Economist thoughts on the new UK government 01:24:26 - Economists view on the future of the UK 01:26:18 - What really causes inflation 01:28:40 - Will inflation or interest rate increase in the future? 01:30:14 - The government should take care of pensioners 01:36:54 - Is the state pension sustainable 01:40:39 - Final words Learn more about your ad choices. Visit megaphone.fm/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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