Wizards of Money Part 2: Financial Risk Transfer
by Smithy/Unwelcome Guests

Part Summary: In Wizards 2 we’ll be taking a look at some of the ways banks are likely to further increase the riskiness of their activities and be able to transfer the costs of those risks to those who can least afford it. In this context it will be appropriate to look at the supervision of banks and we’ll ask the question “Who is supervising the banks anyway, or are they just supervising themselves?” The latter seems to be becoming more and more the reality. And at a time when the Wonderland of Finance is becoming ever more complex and in need of supervision.

Series Summary: The Wizards of Money is an educational series that questions the validity of the global monetary system. Listen and discover amazing facts about the world-wide debt system we’ve all been enslaved by, and how this system produces economic disparity and the massive poverty conditions in which most people find themselves today.

About the Host: Smithy has degrees in mathematics and economics. She works as a consultant calculating investment risk for financial institutions, therefore she does not reveal her real name.

CC BY-NC-ND 3.0 US DEED Attribution-NonCommercial-NoDerivs 3.0 United States

Wizards of Money Part 1: How Money is Created
by Smithy/Unwelcome Guests

Part Summary: Today, in part one, we’ll examine that most peculiar activity known as “making money”; how money is made and who makes it. We’ll explore the mysterious money making process by first exploring the origin, and role of, one of the most secretive bodies in the world, the Federal Reserve System. We will also look at the role of the commercial banking system, and why it is that the money origination process is quite unfair and undemocratic.

Series Summary: The Wizards of Money is an educational series that questions the validity of the global monetary system. Listen and discover amazing facts about the world-wide debt system we’ve all been enslaved by, and how this system produces economic disparity and the massive poverty conditions in which most people find themselves today.

About the Host: Smithy has degrees in mathematics and economics. She works as a consultant calculating investment risk for financial institutions, therefore she does not reveal her real name.

CC BY-NC-ND 3.0 US DEED Attribution-NonCommercial-NoDerivs 3.0 United States