| In this episode of the Cash Flow Academy podcast, host Andy Tanner is joined by Gerald Epstein, a professor of economics at the University of Massachusetts Amherst and author of 'Busting the Banker's Club: Finance for the Rest of Us.' Tanner and Epstein discuss the influence and operations of what is referred to as the 'Bankers Club,' consisting of major banks, politicians, regulatory institutions, and their allies. They discuss how these entities collaborate to secure bailouts, deregulations, and profits, often at the expense of the general public and the overall economy. Epstein critiques the system's failure to regulate mega banks post-financial crises and explores solutions like supporting community banks, public banking, and improving financial education for the public. The episode further touches on the need for a fairer banking system, and the potential of digital finance, and critiques modern monetary theory (MMT) and the current educational system's inadequacies in teaching finance and economics. Learn more about Andy Tanner: https://www.yourinvestingclass.com 00:00 Introduction 00:51 Unveiling the Bankers Club: Power, Politics, and Economics 03:51 Exploring the Impact of Banking Policies on Society 21:47 The Role of Education in Navigating Financial Systems 25:27 Debunking Myths and Exploring Solutions in Finance ----- Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity. The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions. |
Robert Toru Kiyosaki (born April 8, 1947) is an American businessman and author. Kiyosaki is the founder of Rich Global LLC and the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos. The company's main revenues come from franchisees of the Rich Dad seminars that are conducted by independent individuals using Kiyosaki's brand name for a fee. He is also the creator of the Cashflow board and software games to educate adults and children about business and financial concepts.
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