Edward Dowd is a founding partner of Phinance Technologies, a global macro alternative investment firm.
He is also the co-author of Cause Unknown: The Epidemic of Sudden Deaths in 2021 & 2022 and is widely known for having worked on Wall Street and at BlackRock.
Conversation summary
- Borrowing and lending money create massive debt cycles.
- Charging interest on borrowed money to make even more money for bankers.
- Financial instability and economic downturn due to debt.
- Excessive credit expansion and artificially low interest rates.
- Speculative investment and inflated assets
- A looming worldwide economic crash due to inherent instability.
It’s a recession when your neighbor loses his job; it’s a depression when you lose your own.
Harry Truman
