What's Left? Now SF: Covid: The Cure for Capitalist Crisis (An Economic Analysis)

We discuss Fabio Vighi’s Marxist explanation for what is behind the lockdowns, vaccine mandates and general pandemic panic over the last 2 years. We are joined by Robert Doyle, a banker in the United States, to help explain some of the nuances described in the article. The entire article is worth reading before you view/listen to this episode.

Read the full article this episode is based on

https://thephilosophicalsalon.com/a-self-fulfilling-prophecy-systemic-collapse-and-pandemic-simulation/

Resources for this episode:

19:59 : History of Spanish Flu ;

https://www.history.com/topics/world-war-i/1918-flu-pandemic

How Pandemics End

https://www.nytimes.com/2020/05/20/learning/lesson-of-the-day-how-pandemics-end.html

57:32: Big Short Explained

https://www.investopedia.com/articles/investing/020115/big-short-explained.asp

1:00 : Gold Standard – Great Depression

https://www.forbes.com/sites/nathanlewis/2020/02/25/did-the-gold-standard-cause-the-great-depression/?sh=24b797667c63

History of the Gold Standard

https://www.thebalance.com/what-is-the-history-of-the-gold-standard-3306136

1:03 to 1:06. Modern Monetary Theory (MMT)

https://www.fraserinstitute.org/studies/primer-on-modern-monetary-theory

· Monetary Policy

https://www.frbsf.org/education/teacher-resources/what-is-the-fed/monetary-policy/

· Fiscal Policy

https://www.imf.org/external/pubs/ft/fandd/basics/fiscpol.htm

· Yield Curve and Interest Rates

https://www.investopedia.com/articles/03/122203.asp

· Fed “printing” Money :

https://www.investopedia.com/ask/answers/082515/who-decides-when-print-money-us.asp

1:10 : Fed Balance Sheet

https://www.marketwatch.com/story/why-the-feds-balance-sheet-is-expected-to-top-9-trillion-after-it-starts-reducing-its-monthly-asset-purchases-11626135642

1:12 : Money Multiplier in Economics

https://www.investopedia.com/terms/m/multipliereffect.asp

1:27 : Fed and Repurchase Orders,

https://www.bankrate.com/banking/federal-reserve/why-the-fed-pumps-billions-into-repo-market/

Fed and Municipal Bonds

https://www.brookings.edu/blog/up-front/2021/08/31/how-well-did-the-feds-intervention-in-the-municipal-bond-market-work/

; Fed and Corporate Bonds

https://www.barrons.com/articles/federal-reserve-corporate-bond-portfolio-51622679701

1:54 : U3 v U6 unemployment:

https://www.thebalance.com/what-is-the-real-unemployment-rate-3306198

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