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Show Notes
Satyajit Das, Author of Extreme Money : Masters of the Universe and the Cult of Risk
Satyajit talks about:
- Money, how it has changed from being just a mere medium of exchange to its current form
- Fraud in the banking system and how it is easily it has become undetectable
- Debt, which has become more and more complex contributing to the debt problems the global economy is facing today
- His solution: to borrow sensibly, need to return to traditional banking
- Ongoing eurozone debt problem unlikely to be resolved soon; after Greece, Spain and Italy may follow
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