Financial History Key to Understanding Political Future

Featuring Russell Napier

Financial historian and independent research strategist Russell Napier thinks investors and financial professionals need a greater understanding of financial history, so much so that he built a ‘Library of Mistakes’ in Edinburgh, dedicated to the subject.

Without understanding financial history, it’s impossible to forecast government intentions, which he says, with political paralysis in Europe, could result in financial repression, including capital controls, as central banking just isn’t working.

Published on
10 November, 2016
Topic
Politics, Europe, Monetary policy
Duration
48 minutes
Asset class
Bonds/Rates/Credit, Equities, Currencies
Rating
20

Comments

  • AV

    Alexander V.

    11 2 2017 04:19

    2       0

    I must have watched this interview over a dozen times now. This one will go down in Real Vision TV history.

  • F

    Floyd .

    4 1 2017 01:46

    2       0

    Excellent...so many have little understanding or appreciation of financial history in this 142 character world!

  • JL

    Jordan L.

    2 1 2017 18:28

    0       0

    This video spurred me to read Anatomy of a Bear which has been sitting on my bookshelf for some time. Napier is a pleasure to hear and read. Great wide-ranging interview. The conclusions are spot-on .

  • M

    Mark .

    26 11 2016 10:45

    3       0

    16 dislikes. WTF. LOL invite THEM on.

  • GG

    Giacomo G.

    24 11 2016 16:57

    0       0

    Thanks you Grant for this! Hope mr. Napier can come back soon.

  • GE

    GABI E.

    22 11 2016 10:16

    0       0

    Very interesting interview , th'x!!

  • VB

    Vincent B.

    21 11 2016 19:55

    0       0

    Viva la napier

  • MS

    Max S.

    20 11 2016 14:13

    2       0

    Simply outstanding interview, among the best! Thank you.

  • JD

    Jonathan D.

    19 11 2016 20:16

    0       0

    I didn't get the inflation bit. If that arises - likely - why wouldn' rates rise and kill property?

  • jg

    james g.

    19 11 2016 10:13

    1       0

    10 bonus points for managing to include the Morris Marina in a dialogue on financial history!

  • SB

    Stephen B.

    18 11 2016 20:10

    0       0

    Great interview

  • RA

    Robert A.

    18 11 2016 17:43

    1       0

    Oh, so all my reading and watching every RV interview may NOT be in vain. Great stuff here Grant and Raoul! Who would have thought there is anything to fear from that silky smooth financial repression? Wouldn't you love to sit in an Edinburgh Pub with James Grant and Russell opining on Financial history.

  • IV

    Ian V.

    17 11 2016 00:23

    3       0

    "Capitalism with Chinese characteristics"!! Love it. Sort of thought we had that already. Great interview, thanks for the continued stellar content.

  • TS

    Tamara S.

    16 11 2016 01:36

    0       0

    Great! Thank you. Have you tried to interview Liaquat Ahamed?

  • KE

    Kenan E.

    15 11 2016 19:30

    2       0

    Russel is Great. I read bis book "Anatomy of the bear" I think everyone should read it from cover to cover!

  • AV

    Alexander V.

    15 11 2016 14:34

    2       0

    KILLER interview. I found a new financial mind to follow. Thanks Real Vision TV!

  • BH

    Brian H.

    15 11 2016 00:55

    5       0

    One of the best interviews I've watched yet on Real Vision

  • VS

    Victor S.

    14 11 2016 19:22

    3       0

    Mr Napier knows what he is talking about.

  • SR

    Sean R.

    14 11 2016 04:35

    1       0

    Fantastic. Love Napier. Pretty sure Grant has the best job in the world!

  • SS

    Sam S.

    13 11 2016 13:38

    6       1

    Faith keeps building with my people. My children graduated from university with nothing but false perceptions they still argue today but will soon admit aren't working. It will cause lots of confusion. Fortunately they don't have any educational debt as their grandparents saw the future, enjoyed tax advantages on educational funds and so they could side step the debt madness. This conversation is so huge so macro in nature and it's all coming to the forefront----Master Class for me.

  • NG

    Nicolas G.

    12 11 2016 17:49

    10       1

    Thank you very much for offering a very interesting interview and for helping some of us to get known such a intelligent and well structured mind. Please bring him back soon. It felt like if you turn off the player 10 min before the film ends.

  • WM

    Will M.

    12 11 2016 03:34

    7       0

    Great interview. Not sure his President Clinton comment was heavily seriously thought out and doesn't change my view of his well thought reasoned arguments.

    Now I agree with another comment below; Robert Prechter has been around for a long while and predicted 2001/2 far too early, then predicted 2008 too early and is now calling a top to the super cycle. Yes yes he has hardly proved an accurate predictor of financial timing. However he is an expert in Elliott Wave analysis and social economics theory. Well worth an interview and challenge to his views. Lets get the EW argument along with all the other great diverse comments on RVT.

  • BD

    Bruce D.

    12 11 2016 01:48

    5       0

    The rabbit hole is very deep...and quite dark too. A fabulous discussion of our limited options for the eventual destruction of our worlds monetary system. If massive inflation is the ONLY answer long term, then gold and real assets must be used as a store of buying power. I'm quite sure the derivatives on the banks balance sheets won't do the trick. Thank you Milton!

  • JM

    Jason M.

    12 11 2016 01:18

    6       0

    Great interview. Really enjoy Russell's work. Given how little so many people have in savings I agree that helicopter money is likely politically palatable. I would be interested in him fleshing out more where he seems investors having patience is the most fruitful.

  • TN

    Thomas N.

    11 11 2016 15:08

    3       6

    Not sure how you reconcile the statement that you can predict political events but then forecast Clinton will be President! I would have thought Russell might have had more in common with his old colleague Chris Wood in taking Trump more seriously....

  • MC

    Michael C.

    11 11 2016 08:44

    5       1

    Great interview and I suggest you go across to his website ERI-C for an article on the post Trump world. One of the deeper thinkers of finance and well done for getting him on RV.

  • TM

    Thomas M.

    11 11 2016 05:01

    21       0

    I believe this was the best interview on real vision and sober explanations of the world crisis to come. Deflation 1st followed by massive inflation if the most probable outcome. How to prepare for this is the key to ones savings and survival of the next world crisis IMHO. Having a degree in the pseudoscience of economics I once thought was valuable, I loved this interview with the clear thought process and honesty to where we are now and how thing may unfold. Excellent Job and thank you for this interview. I would love to here grant interview Mr. Napier on how his thoughts are to prepare for these event as they unfolds. EXCELLENT, EXCELLENT INTERVIEW Grant and RV Team!

  • sp

    shashwat p.

    11 11 2016 04:38

    5       0

    His style of speaking is as dense as his writing style. Brilliant interview. What was left unsaid was the role of gold locked away in a vault

  • CA

    Craig A.

    11 11 2016 03:51

    4       1

    Probably the best interviews on real vision

  • SR

    Steve R.

    11 11 2016 02:11

    4       0

    Definitely agree with his view that they will never ban cash - there quite literally would be riots in the street, just aint gonna happen.

  • DC

    Dave C.

    11 11 2016 01:45

    9       0

    I echo the comments asking for another interview. People would be well advised to read the Helicopter money article that Grant mentioned - found on Zerohedge.

    I also suggest this 4 minute interview with Russell from June of this year - covers some of his investment ideas - http://citywire.co.uk/wealth-manager/news/russell-napier-the-dangers-of-a-yen-devaluation/a921754

  • SK

    Stefan K.

    11 11 2016 00:31

    6       1

    At the End Napier said "First Deflation as a Shock, then Inflation". That is exactly the thesis of Robert Prechter, first published in "At the Crest of the Tidal Wave" in 1995. Any chance you guys could get him on the programme? He also just called the final market top earlier today, by the way. I know that Prechter has been wrong or too early for a decade depending on how you look at it, but I think his arguments are intelectually sound and an Interview with him would be quite interesting.

  • HS

    Hubert S.

    10 11 2016 21:35

    2       2

    to Trevor, unauthorized book recommendation (but most will probably agree): "Devil take the hindmost", Edward Chancellor - another guy Grant should interview …..

  • RB

    Rob B.

    10 11 2016 20:41

    6       0

    Great interview as usual. Gives good perspective on what Gov could do and what likely they will do when they are running out of fiscal tricks

  • MM

    Michael M.

    10 11 2016 20:37

    3       0

    Great interview. A fellow norn irishman! Also, President Clinton -LOL!

  • ag

    anthony g.

    10 11 2016 18:07

    2       0

    Rather good - hope another one can be done.

  • DM

    Daniel M.

    10 11 2016 17:06

    5       25

    Why does Grant look like a blue light bulb?

  • MS

    Matt S.

    10 11 2016 17:01

    1       0

    A very good interview.

    @Trevor - this is a good one that all have read/must read:

    http://tinyurl.com/gopoznp

  • de

    dale e.

    10 11 2016 16:17

    11       0

    Excelent interview! He definatly needs to come back.

  • eh

    erik h.

    10 11 2016 16:12

    18       1

    I've made the same conclusion in regards to universities teaching economists to ignore history. My theory it is deliberate policy to enable broad sweeping poor policy based on poor theory. It has worked. The debate among economists, even on the most fundamentally basic level. How does money/credit originate? What is the role of gold in todays financial system?

    For financial history, The Gods of Money by William Engdahl is an excellent 100 year tour up to the 2008 crisis explaining the powers and motivations for events that people seem to think are completely unrelated, even though they are all deliberate policy of its time.

    Absolutely excellent interview. Could not be more content with this weeks interviews. Fantastic work.

  • RM

    Richard M.

    10 11 2016 16:10

    14       1

    Russell Napier - so, so brilliant! Great interview Grant, please do a follow-up with him now that the U.S. elections are over and a new direction may be coming from this part of the world. Again, great interview!

  • GW

    Grant W.

    10 11 2016 16:01

    14       0

    @Trevor Lords of Finance by Liaquat Ahamed. An amazing, important book

  • tW

    tgwtom W.

    10 11 2016 15:47

    7       0

    So smart, it hurts.

  • TP

    Trevor P.

    10 11 2016 15:09

    3       0

    Great interview!
    Grant - who is the author of "The Laws of Finance" book you mentioned?
    What books would the Professor suggest that would be a good start in learning about financial history?