#214 - Prof. Richard Werner - "They Are Traitors": How Central Banks Sabotage Wealth & Create Crises

Prof. Richard Werner is a world-renowned economist, professor of banking, and author of Princes of the Yen. Famous for coining the term "Quantitative Easing" (QE) and publishing the first empirical proof that private banks create money out of thin air through lending, he has spent decades exposing the central planning mechanisms that dictate global finance. In this episode, we discuss the ”Revealed Preference" framework - demonstrating why we must analyse central bankers by their actions rather than their rhetoric. He explains how central planners use artificial recessions and banking crises as "windows of opportunity" to consolidate ownership, why textbook economics deliberately obscures credit creation, and how establishing decentralised local banks can unlock sustainable 10%+ annual growth. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - TIMESTAMPS: 00:00:00 - Central Bankers Are Traitors To Their Countries 00:01:04 - Why Can't Britain Grow? 00:06:50 - Princes Of The Yen 00:11:19 - It Was Always About Control 00:13:38 - Banks Don't Lend Your Deposits 00:14:27 - Show Me Where The Money Is Created 00:16:14 - Every School Of Economics Gets It Wrong 00:20:14 - Why Would They Do This? 00:21:57 - Britain Is Close To Central Planning 00:22:46 - America Once Had 30,000 Banks 00:27:48 - The Problem Was Identified In 1918 00:31:18 - Who Runs The City Of London? 00:33:46 - We Need Thousands Of Small Banks 00:38:14 - First The Money, Then The Power 00:44:04 - Every Country Can Have 10% Growth 00:47:12 - Liz Truss And The Bank Of England 00:50:23 - We Don't Need Central Banks 00:52:22 - Were The Austrians Right? 00:57:35 - They Want Your Savings 00:59:21 - Europe's New Right - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - CONTACT PETE › Website – http://petermccormack.com › Feedback – https://www.petermccormack.com/contact › Email – [email protected] › Instagram – https://www.instagram.com/mccormack555/ › X/Twitter – https://x.com/petermccormack/ CONNECT WITH RICHARD WERNER › Website – https://professorwerner.org/ › Substack – https://rwerner.substack.com/ › Princes of the Yen – https://www.quantumpublishers.com/ › X/Twitter – https://x.com/drrichardwerner SPONSORS › IREN – https://www.iren.com/ › Arch Public – https://archpublic.com/peter › Venice AI – https://venice.ai/ – Code PETER15 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - LISTEN / SUBSCRIBE › Apple Podcasts: https://apple.co/40ruY9K › Spotify: https://spoti.fi/3Wc94Vu › Fountain: https://bit.ly/FountainPM › YouTube: https://bit.ly/YouTube_PM › Rumble: https://bit.ly/RumblePM FILMED BY CURTIS TAYLOR › https://www.curttaylor.co.uk/ › https://x.com/curttayloruk/ EDITED BY CONOR MCCORMACK › https://x.com/ConorM04 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Hosted on Acast. See acast.com/privacy for more information.