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

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