Philip Haslam is an economist, an economic advisor and co-founder of the Monetary Justice Project, a think-tank on currency reform.
He is also the author of When Money Destroys Nations, a book about Zimbabwe's hyperinflation, why money printing threatens countries globally and how you can protect your future.
Scroll down for quotes from the audio below.
Countries around the world are printing money on a massive scale.— Philip Haslam
You can’t create money out of nothing without consequences.— Philip Haslam
Printing money is an extremely easy way to pay for goods and services. The incentives are there and the consequences aren’t immediate.— Philip Haslam
There are four fundamental drivers of an exchange rate.— Philip Haslam
South Africa’s risk profile has changed radically and fundamentally.— Philip Haslam
Government is spending, but it’s all on a debt basis.— Philip Haslam
Zimbabweans I’ve interviewed have an understanding of money far better than anyone else I’ve met.— Philip Haslam
We’re investigating establishing a Bitcoin point-of-sale system in Zimbabwe.— Philip Haslam
Anyone who says they know where the rand is going is a fool. There are, however, certain critical drivers.— Philip Haslam
There are certain economic fundamentals that we saw in Zimbabwe that apply to all countries.— Philip Haslam
To help the rand Government needs to support exporters such as the mining industry.— Philip Haslam
We need to import less.— Philip Haslam
We can increase interest rates to help the rand.— Philip Haslam
Purchasing Power Parity indicates that South African prices are too low.— Philip Haslam
I think the value of the rand will be lower at the end of the year.— Philip Haslam
This article first appeared on 702 : Economist and author of ‘When Money Destroys Nations' on the beleaguered rand