Tim Price: The Last Death Rattle of the Debt Based Monetary System

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Tom welcomes back the ever eloquent Tim Price from Price Value Partners for a jaw-dropping interview.

Tim critically examines global institutions such as the Davos Club and a certain UN Health Organization. He expresses unease about global policies that may potentially marginalize farming and fishing in order to mitigate ecological damage. He disapproves of unelected individuals influencing significant global health and economic strategies and encourages skepticism towards the mainstream media for perpetuating unchecked influence over these areas. Price also identifies a growing trend toward skepticism of global forums, notably through an editorial in the Financial Times questioning the relevance of Davos. He ends by cautioning against "philanthropaths" who amass wealth under the guise of charity and urges for increased understanding of their motivations.

Tim highlights the value of debate and continuous dialogue in resolving polarized arguments. Individuals should aim to arouse introspection in their interlocutors rather than impose personal beliefs. Understanding can create gradual changes in viewpoints over time.

Price draws parallels between the current credit and debt system and historical failures of such systems. He views Davos as the emblem of big state command economy systems — a form of crony capitalism, not genuine free market capitalism. He suggests teaching classic economics as a buffer against economic downfalls.

Price points to economic uncertainties and volatility in various countries, taking Japan as an instance of a resilient economy that weathered two depressions on a par with America's Great Depression, maintained lower unemployment levels and a sustained GDP. He raises the question of whether Western economies could cope with similar situations. He also underlines ongoing unrest in currencies, the bond market, and the intensifying inflation. Tim criticizes the problematic Keynesian economic model and government interventions in economic systems, proving them incapable of controlling intricate economic operations.

Tim discusses his book "The War on Cash" and advises strengthening ties with local businesses and limiting dependency on credit cards and any form of central bank digital currencies, promoting the use of cash transactions. As an example of an uprising against the current system, he notices the increasing number of protesting farmers, reaffirming the relevancy of his book's fundamental message today.

Time Stamp References:
0:00 - Introduction
0:37 - Argentina & Ecocide
4:36 - Vandals & Philanthropaths
7:12 - Western Suicidal Ideation
11:49 - Conversations & Questions
13:50 - Gov't Out of Education
18:12 - Truth & Perspective
22:29 - Davos & Javier Milei
27:10 - Broken Window Fallacy
30:09 - Debt Creation Math
34:07 - Inflation is a Policy
35:30 - Order of Collapse?
39:48 - Inflation Comparisons
42:27 - Keynesian Economics
46:28 - Tim's Book - War On Cash
50:22 - U.K. Postal Scandal
53:08 - Clarkson's Small Farm
55:21 - Worse Worsening
57:05 - Wrap Up

Talking Points From This Episode
- Tim Price criticizes global institutions and policies that affect farming and fishing, urging a deeper analysis of their impacts.
- Tim believes the idea that government should be involved in any way with education.
- Price calls for skepticism of the debt-based monetary system and questions its sustainability against the rising global debt burden.

Guest Links:

Tim's Book:

Book Recommendations:

Tim Price has worked in the capital markets for over 30 years. A graduate of Christ Church, Oxford, he spent a decade as a bond specialist before going on to serve as Chief Investment Officer at three separate wealth management firms.

Tim has been shortlisted for five successive years in the UK Private Asset Managers Awards program and was a winner in 2005 in the category of Defensive Investing. He is now co-manager of the VT Price Value Portfolio, a fund investing in Benjamin Graham-style value stocks, and specialist value funds, from around the world. He also co-manages bespoke private client portfolios.

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Комментарии

Tim, the billions spent on energy is not going down the drain. Its being taking from the homeowner to give massive grants to power providers who give massive kickbacks to corrupt politicians.

johnbutler

Take this with a grain of salt…
I’m a relatively new listener, but this was BY FAR the best podcast I’ve listened to all week.
I’m fortunate to work a job that allows me to listen and learn all day. I do appreciate what you do!

Bakkenfreedom

Gates is the best example of a Philanthropath!!!!

kenernstzen

A must! Very informative on multiple levels.

chriscoffey

Rothschilds, Rockefeller, Oppenheimer, JPMorgan, Blackrock, Schwab, Gates, Zuckerberg, Soros……..where does it stop?

kenernstzen

I think big corporates are slowly realizing how are we going to make money.

johnbutler

👏🏼👏🏼👏🏼👏🏼👏🏼EXCELLENT DISCUSSION GENTLEMEN!!!!

jonimitchell

But with the inevitable introduction of CBDC could not all the buying and selling of gold be turned off with the flick of a switch effectively neutralising it?

John.-

Tom I love your channel. Great guests and very thoughtful questions. Keep up the great work 👍🏻.

DjmMik

Another excellent interview, would you have the details of the podcast mentioned, many thanks

jamesburn

I love the Rush line from Circumstances

davidredding

I'd like to have a pint or two with Tim. Fantastic thinker.

elonmuskox

The issue of whether oil & gas are abiotic is interesting but irrelevant to the energy crisis. We've been tapping reserves commercially for over 150 years and none of those fields are "renewing" themselves, nor has anyone proposed how we economically find one that does.

tjandthebear