Xe currency rates free#

Xe currency rates free#

Then, the free luncher produces enzymes that control the hostвЂ™s brain and make it think that it should protect the parasite вЂ“ that the outsider is part of its own body, even like a baby to be specially protected. In nature, a parasite first dulls the hostвЂ™s awareness that it is being attacked. The most important aspect of parasitism that I emphasize is the need of parasites to control the hostвЂ™s brain. ItвЂ™s stripping assets, not permitting growth or even letting the economy replenish itself. That is what predatory finance is doing to todayвЂ™s economies. But as the host weakens, the parasite lays eggs, which hatch and devour the host, killing it. In this respect finance is a form of war, domestically as well as internationally.ДЄt least in nature, вЂњsmartвЂќ parasites may perform helpful functions, such as helping their host find food. To return to my use of the word parasite, any exploitation or вЂњfree lunchвЂќ implies a host. Power tends to pass into the hands of lenders, so they lose control вЂ“ and become less democratic. The situation is most notorious in the international sphere, especially in loans to governments that already are running trade and balance-of-payments deficits. Credit may be a precondition for production take place, but it is not a factor of production as such. Such interest is a вЂњtransfer payment,вЂќ because it that does not play a directly productive function. It is what economists call a zero-sum activity. If loans are not used to finance production and increase the economic surplus, then interest has to be paid out of other income. They levy charges that are like a tax to support what the classical economists called вЂњunproductive activity.вЂќ That is what I mean by вЂњparasitic.вЂќ Interest and financial fees are forms of economic rent. These elites play the dominant role today that landlords played under feudalism. The effect is to suck income from the company and the economy to pay financial elites. Their objective is asset stripping, and the effect is to use earnings to repay their backers (usually junk-bond holders), not to increase production. The main interface with industry is to provide credit to corporate raiders to attack industry. The financial sector today is decoupled from industrialization. In your book, you draw this metaphor of parasites and global finance? Could you explain what you mean by this? Our editor Kevin via Sustainable Guidance Youtube ChannelД®pisode #91 was supported by donations from the following generous listeners: Vaults - Midnight River via Beautiful Buzz Post-World War II Economy Booms with Soldiers Return to U.S. Looking to 2060: A Global Vision of Long-term Growth Highlights: The Dawn of the Fourth Industrial Revolution Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy by Michael HudsonДЇourth Industrial Revolution tsunami warning in Davos - economy The Age of Stagnation: Why Perpetual Growth is Unattainable and the Global Economy is in Peril by Satyajit Das Note: Partial transcripts of our interviews in this episode are forthcoming in the next few weeks and European economies, siphoning wealth and income upward to the financial sector while impoverishing the middle class. Hudson describes how debt deflation is imposing austerity on the U.S. Then, in the second half of our show we speak with Michael Hudson about his book Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy. Das questions the ability of political leaders to enact the tough structural changes needed to avoid social chaos in a low growth world.

In Extraenvironmentalist #91 we first speak with Satyajit Das about his new book The Age of Stagnation: Why Perpetual Growth is Unattainable and the Global Economy is in Peril which questions the assumption that never ending economic growth is possible, or desirable.

Can the factors creating a slower growth world find open discussion in time to avoid severe social strife? Is the drive for passive income in an age of stagnation placing the global economy in permanent peril and creating a context for social strife? While years of lackluster economic performance mount, a rapidly growing global economy is still discussed like it is readily just over the horizon. The common political conversation about our shared economic future focuses on achieving an escape velocity where the post-war growth boom can return as usual.