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As part of the upcoming film ‘CBDC: The End of Money’, Big Picture’s James Patrick interviewed renowned economist and professor Richard Werner.
There are three different theories about how banks operate: Financial Intermediation Theory, Fractional Reserve Theory and the third theory, the oldest one, says each individual bank creates money out of nothing. So, in 2014, Prof. Werner set out to conduct an experiment to establish which theory was true.
What his experiment established is that the third theory is true – banks create money out of nothing.
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Professor Werner is the father of the monetary policy concept of quantitative easing, the author of the best-selling book Princes of the Yen: Japan’s Central Bankers and the Transformation of the Economy, and the writer of an important study on the actual operations of banks. You can follow Werner on Substack HERE, his website HERE, and you can read his 2014 banking paper HERE.
Related: CBDCs are a solution for a problem we don’t have, and they want to implant it under our skin and Building an Empire – The City of London
In this ten-minute interview, Professor Werner discusses his seminal banking paper, where he presents three theories on bank credit creation and proves through an empirical study that banks actually create money out of nothing.
Banks do not channel our savings into loans as most people think they do not practice fractional reserve banking, but in fact, they take collateral and create money completely out of thin air. This is shocking once you get your head around it, and it frankly constitutes a complete and total fraud. If you don’t repay your loan, they seize the collateral even though they put nothing down in the first place!
If the video above is removed from YouTube, you can watch it on Rumble HERE. You can also watch a longer 30-minute version on BitChute HERE or Odysee HERE.
The video above was shot as a part of the film ‘CBDC: The End Of Money’. You can watch the trailer for the film below and donate to its production HERE.
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Categories: Breaking News, World News
As a result of this immense debt which the Perpetrators have additionally fobbed off onto the victims via repeatedly and purposefully bankrupting their own guilty corporations —which were never owed the benefit of any corporate veil as a result of their criminal activities— we have foreclosed upon and nationalized all of their holdings.
Worldwide.
https://annavonreitz.com/dutchirsandus.pdf
In other words, the banks establish liens and mortgages on your assets to raise credit (that also belongs to you) which they then fork over to the government subcontractors without your knowledge or consent.
Thus, the banks indebt both you, and the government subcontractors, without investing a penny themselves. They indebt you to pay the government subcontractor’s debts, and indebt the government subcontractors to pay you back.
The government subcontractors are corporations so they dump their obligations to you by going bankrupt periodically. And leave you as the “public” responsible for paying their debts.
They rob Peter to pay Paul and then rob Paul to pay Peter.
And you play the role of both Paul and Peter.
https://annavonreitz.com/networkspikes.pdf
Hi john,
After reading on Annavonreitz blog.
It’s far too complicated to understand in one go.
Now I understand why your letters seem complicated.
Does Annavonreitz have a book for us to read ?
This will be why we have a country called City of London, in the UK.
DUH
https://www.youtube.com/watch?v=rwCG-3H4zEM
This dude can talk about all the theories about creation of money and beat around the bush. The mother of all evils is the privately-owned central bank in each country; these central banks are umbilical-corded to the mother bank, the Bank of International Settlement (BIS); these banks are owned by the banksters, most notably Rothschild family. Here in the US, we have our central bank, the Federal Reserve System. It does mainly three things to destroy our lives–printing money, creating boom/bust business cycles, and controlling the payment system.
It is not a governmental agency, but the de facto owner of the government. It is crazy to think that this monster, the Fed, has the right to print money at will, lends that fiat money to the government, and turns the citizens into debt slaves. The monster then collects the illegal income tax from the citizens to service the debt.
It controls the money supply and the interest rates, thus creating the business cycles, depressions, or recessions. Ordinary citizens lose their jobs, savings, or investments each time we go through these cycles. But more insidiously, we lose our purchasing power everyday through inflation.
Because we use mostly the checks and the bank cards to pay for goods and services and because we use direct deposits from our employers, we are vulnerable to the banks’ abuses. The banks can hold or steal customers’ money because they can; they have also frozen the accounts for political reasons. This is the danger of the digital currency. We should use cash (not credit or debit cards) and prevent the all out digital-currency payment system. They want to get their hands on our balls.
Hi
Solatle,
A few years ago The Bank of England, was owned just 6% by the public.
The other 94% was owned by undisclosed individuals, who could keep their identity secret.
Yet we have to give our identity just to buy food.
[…] Go to Source Follow altnews.org on Telegram […]
Also:
“The Truth Behind the Federal Reserve (Bill Still)”, e.g: https://www.bitchute.com/video/qLRGrfMP4xDl
A Secret Island Meeting & a Fictional Book Birthed the Federal Reserve: Untold History – The Plot to Destroy America (substack.com)
https://www.paulstramer.net
https://www.paulstramer.net/2024/08/international-public-notice_23.html
https://www.paulstramer.net/2024/08/international-public-notice-great.html
https://www.paulstramer.net/2024/08/international-public-notice-writ-of.html
International Public Notice: Writ of Error and Notice of Liability
https://www.paulstramer.net/2024/08/international-public-notice-dutch-irs.html
International Public Notice: The Dutch, the IRS, and Us
https://www.paulstramer.net/2024/08/international-public-notice-irs.html
https://www.paulstramer.net/2024/08/my-fellow-americans.html
https://www.paulstramer.net/2024/08/network-spikes-and-taxation-by-banks.html
You Have the Right to Remain Innocent
https://youtu.be/-FENubmZGj8?si=6YyPQWS4fdU8kLBt
Revocation of Election to File Income Tax
https://youtu.be/pHS1aYTmHvM?si=PPg5tqqyTycxPhj8