{"id":10,"date":"2003-06-01T23:50:00","date_gmt":"2003-06-01T23:50:00","guid":{"rendered":"https:\/\/earlywithdrawal.net\/wizardsofmoney\/?p=10"},"modified":"2021-12-16T01:13:09","modified_gmt":"2021-12-16T01:13:09","slug":"the-wizards-of-money","status":"publish","type":"post","link":"https:\/\/earlywithdrawal.net\/wizardsofmoney\/index.php\/2003\/06\/01\/the-wizards-of-money\/","title":{"rendered":"The Wizards of Money"},"content":{"rendered":"\n
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This series discusses the workings of the international financial system in a playful way. The title comes from “The Wizard of Oz.”<\/p>\n\n\n\n

The series was recorded 2002-2003. It predicted much of what happened in 2008. It is sadly still relevant, as many of the problems were never fixed. Your hostess, Smithy, was purportedly a financial risk consultant who did this series anonymously to protect her career.<\/p>\n\n\n\n

Smithy and her website, wizardsofmoney.org, have disappeared.<\/p>\n\n\n\n

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Part 1:<\/a> How Money is Created<\/h3>\n\n\n\n

Most currencies are not backed by anything and are created out of thin air by private banks.<\/p>\n\n\n\n

\"podcast<\/a>
01<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 2:<\/a> Financial Risk Transfer<\/h3>\n\n\n\n

How taxpayers have been set up as the guarantors of last resort for speculation and risky loans.<\/p>\n\n\n\n

\"podcast<\/a>
02<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 3:<\/a> Banking on poverty<\/h3>\n\n\n\n

Monetary policy not only ignores the poor, it silently promotes their exploitation.<\/p>\n\n\n\n

\"podcast<\/a>
03<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 4:<\/a> Wizards and warlords<\/h3>\n\n\n\n

Financiers need war and generals need financing.<\/p>\n\n\n\n

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Part 5:<\/a> Monetary terrorism<\/h3>\n\n\n\n

How financiers and speculators move money to influence political decisions.<\/p>\n\n\n\n

\"podcast<\/a>
05<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 6:<\/a> Democratizing money<\/h3>\n\n\n\n

How capital markets undermine democracy, and the use of alternative currencies<\/p>\n\n\n\n

\"podcast<\/a>
06<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 7:<\/a> Money Cycle – Water Cycle<\/h3>\n\n\n\n

How the financial system interferes with the functioning of the environment<\/p>\n\n\n\n

\"podcast<\/a>
07<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 8:<\/a> Trading Nature and “Cooking the Books”<\/h3>\n\n\n\n

How creative accounting makes the financial system more profitable, but less stable <\/p>\n\n\n\n

\"podcast<\/a>
08<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 9:<\/a> Jack and the Sweatshop<\/h3>\n\n\n\n

GE’s CEO, Jack Welch, and his influence on corporate culture<\/p>\n\n\n\n

\"podcast<\/a>
09<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 10:<\/a> Back to the Twenties Through the Looking Glass – Steagall<\/h3>\n\n\n\n

Comparing the pre-crash eras of late 1920s and the early 2000s.<\/p>\n\n\n\n

\"podcast<\/a>
10<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 11:<\/a> House Lever-Edge at the Derivatives Casino<\/h3>\n\n\n\n

The world of financial derivatives and leverage<\/p>\n\n\n\n

\"podcast<\/a>
11<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 12: The Imperial Budget and the Mythical Lock Box<\/h3>\n\n\n\n

The biggest budget in the history of mankind: the US government<\/p>\n\n\n\n

\"podcast<\/a>
12<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 13:<\/a> Bankruptcy Bill’s Shoot-Out at the Social Safety Net<\/h3>\n\n\n\n

How the credit system pushes users toward bankruptcy, then makes it unavailable.<\/p>\n\n\n\n

\"podcast<\/a>
13<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 14: The Trade Federation and the InterGalactic Banking Clan<\/h3>\n\n\n\n

A “Free Trade” agreement, GATS<\/p>\n\n\n\n

\"podcast<\/a>
14<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 15: Homeland Securitizations and Overseas Vacations<\/h3>\n\n\n\n

Financial securitization and regulatory relief in off-shore havens<\/p>\n\n\n\n

\"podcast<\/a>
15<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 16: There’s a Generic in my Shark Fin Soup!<\/h3>\n\n\n\n

The only industry more profitable than the commercial banking sector: pharmaceuticals.<\/p>\n\n\n\n

\"podcast<\/a>
16<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 17:<\/a> Caught Between and Dock and a Sweatshop<\/h3>\n\n\n\n

The ‘Spartacus problem’ and modern labor practices<\/p>\n\n\n\n

\"podcast<\/a>
17<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 18:<\/a> Where Wall Street Crosses Auburn Avenue<\/h3>\n\n\n\n

Predatory lending in minority neighborhoods<\/p>\n\n\n\n

\"podcast<\/a>
18<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 19:<\/a> The Education Sweepstakes<\/h3>\n\n\n\n

The funding of public education through state-sponsored gambling<\/p>\n\n\n\n

\"podcast<\/a>
19<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 20: The Battle of the Dragons – Oil vs Insurance<\/h3>\n\n\n\n

The oil industry denies anthropogenic climate change. The insurance industry must pay for climate-related disasters, and have therefore become unlikely allies to the environmental movement.<\/p>\n\n\n\n

\"podcast<\/a>
20<\/figcaption><\/figure><\/div>\n\n\n\n
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Part 21: Playing Russian Roulette in The Carbon Markets<\/h3>\n\n\n\n

Overseas global carbon markets<\/p>\n\n\n\n

\"podcast<\/a>
21<\/figcaption><\/figure><\/div>\n\n\n\n
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<\/div>\n","protected":false},"excerpt":{"rendered":"

This series discusses the workings of the international financial system in a playful way. The title comes from “The Wizard of Oz.” The series was recorded 2002-2003. It predicted much…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/earlywithdrawal.net\/wizardsofmoney\/index.php\/wp-json\/wp\/v2\/posts\/10","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/earlywithdrawal.net\/wizardsofmoney\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/earlywithdrawal.net\/wizardsofmoney\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/earlywithdrawal.net\/wizardsofmoney\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/earlywithdrawal.net\/wizardsofmoney\/index.php\/wp-json\/wp\/v2\/comments?post=10"}],"version-history":[{"count":24,"href":"https:\/\/earlywithdrawal.net\/wizardsofmoney\/index.php\/wp-json\/wp\/v2\/posts\/10\/revisions"}],"predecessor-version":[{"id":180,"href":"https:\/\/earlywithdrawal.net\/wizardsofmoney\/index.php\/wp-json\/wp\/v2\/posts\/10\/revisions\/180"}],"wp:attachment":[{"href":"https:\/\/earlywithdrawal.net\/wizardsofmoney\/index.php\/wp-json\/wp\/v2\/media?parent=10"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/earlywithdrawal.net\/wizardsofmoney\/index.php\/wp-json\/wp\/v2\/categories?post=10"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/earlywithdrawal.net\/wizardsofmoney\/index.php\/wp-json\/wp\/v2\/tags?post=10"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}