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Communications, Transportation and Education - AK6.2

AK Global

Release Date: 01/19/2020

Outtakes: Gold Bug Rants - AK6.3 show art Outtakes: Gold Bug Rants - AK6.3

AK Global

Very simple episode where we candidly share our frustrations with gold bugs and Austrian economists. While we are frustrated we share their core views of the world and think they have it right except for bitcoin. Enjoy.

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Communications, Transportation and Education - AK6.2 show art Communications, Transportation and Education - AK6.2

AK Global

Full show notes: http://akglobal.libsyn.com

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Discussions on the Communist Manifesto - AK6.1 show art Discussions on the Communist Manifesto - AK6.1

AK Global

https://www.marxists.org/archive/marx/works/1848/communist-manifesto/ch02.htm

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The Financial Wildfire is Coming - AK5.3 show art The Financial Wildfire is Coming - AK5.3

AK Global

News regarding the repo market has died down as of late; however, things have gotten interesting despite the lack of headlines.  We give an update on the repo market with special attention to the Fed’s extensions of policy. We briefly discuss QE (quantitative easing) in the form of treasury purchases. Then dive into how and why the Fed's policies are dangerous, and how bitcoin & gold are better to build a financial system on.

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Repos, Dollars, Gold, and Demographics - AK5.2 show art Repos, Dollars, Gold, and Demographics - AK5.2

AK Global

In this second part of AK5 Kent and Ansel finish up the discussion about the Repo market and dive into related topics regarding the future.

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The Sad State of the Repo Market - AK5.1 show art The Sad State of the Repo Market - AK5.1

AK Global

The repo market has been in the news lately with the Fed intervening for the first time since the 2008 financial crisis to shore up liquidity problems.  We explain how the repo market works, go over the timeline of events in the market thus far, and discuss its wider implications.

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Understanding Stock Buybacks - AK4 show art Understanding Stock Buybacks - AK4

AK Global

Since the 2008 financial crisis, stock buybacks have been at historically elevated levels. These levels have accelerated since the Trump Tax cuts. We explain what stock buybacks are and the consequences of this poorly understood corporate policy.

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Japanification - AK3 show art Japanification - AK3

AK Global

In this episode, we discuss monetary policy in Japan and its long term consequences.  We also look at the relationship between the yen and the dollar, gold, and bitcoin.

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Yield Curve Inversions - AK2 show art Yield Curve Inversions - AK2

AK Global

In this episode, we discuss the inversion of the US Treasury yield curve as well as the flattening of other global yield curves.  A discussion on the ramifications of yield curve inversions follows. 

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Negative Interest Rates - AK1 show art Negative Interest Rates - AK1

AK Global

In this episode, we discuss negative interest rates and the implications of the negative interest rate policy recently pursued by Denmark’s Jyske Bank.

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Source material: https://www.marxists.org/archive/marx/works/1848/communist-manifesto/ch02.htm

  1. Centralisation of the means of communication and transport in the hands of the State.
    1. Radio communication unregulated until The Radio Act of 1912
      1. formally known as "An Act to Regulate Radio Communication" (37 Stat. 302), is a United States federal law which was the first legislation to require licenses for radio stations
    2. The Radio Act of 1927 (United States Public Law 632, 69th Congress) replaced the Radio Act of 1912
      1. increased the federal government's regulatory powers over radio communication
      2. oversight vested in a newly created body, the Federal Radio Commission (FCC)
      3. first legislation to mandate stations show they were "in the public interest, convenience, or necessity" in order to receive a license
    3. Communications Act of 1934
      1. “The act established a legal basis for regulating wired and wireless communications on a nationwide and worldwide basis. The Federal Communication Commission was founded because of the act; it replaced the Federal Radio Commission. Because of the act, the U.S. government could regulate new media technologies such as television and mobile phones. Moreover, the act permitted the regulation of commercial communication corporations such as private radio and television companies.”
    4. 6 companies control all US media https://www.businessinsider.com/these-6-corporations-control-90-of-the-media-in-america-2012-6
    5. List of administrations in control of transportation by creation date https://en.wikipedia.org/wiki/United_States_Department_of_Transportation
    6. The Federal Aviation Administration (FAA) regulates all aspects of civil aviation
      1. Its powers include the construction and operation of airports, air traffic management, the certification of personnel and aircraft, and the protection of U.S. assets during the launch or re-entry of commercial space vehicles.
  2. Extension of factories and instruments of production owned by the State; the bringing into cultivation of waste-lands, and the improvement of the soil generally in accordance with a common plan. 
  3. Equal liability of all to work. Establishment of industrial armies, especially for agriculture. 
  4. Combination of agriculture with manufacturing industries; gradual abolition of all the distinction between town and country by a more equable distribution of the populace over the country. 
  5. Free education for all children in public schools. Abolition of children’s factory labour in its present form. Combination of education with industrial production, &c, &c. 
    1. https://en.wikipedia.org/wiki/Education_in_the_United_States
    2. By state law, education is compulsory over an age range starting between five and eight and ending somewhere between ages sixteen and eighteen, depending on the state. This requirement can be satisfied in public schools, state-certified private schools, or an approved home school program.

Description:

In the current zeitgeist we are told that “capitalism” is failing us as well as being responsible for the increasing wealth gap between the “haves and the have nots.”  In this episode we focus on the US primarily. We will use the 10 planks of Karl Marx’ Communist Manifesto (1848) to try and ascertain if the US truly is a capitalist nation or if it is far more Marxist in character than people are often lead to believe.

Topics include:

Communication

Transportation

Education

Bitcoin