Prof. Werner brilliantly explains how the banking system and financial sector really work.

In the light of what we know is happening now, Jan 2024, this sounds so en point.... Great interview. The banks are coming down, not before time. Debt based finance. is corrupt. I'd love to hear his update now. Gold backed system incoming will bring the corruption down. Blockchain finance. BRICS is the right starting point. Real trading power. The dark system started when the Titanic (Olympic) went down. Followed by Kennedy assassination, and then 9/11. What did happen to the $2trillion missing that Rumsfeld announced on 9/10?.....

capitalism is the worlds longest ongoing pandemic.

If the root of the problem is the "public privilege" of money creation, then the solution is to remove that privilege. Lending money held in demand deposits is fraudulent, and has always been classed as fraud, throughout banking history, back to ancient times. Banks hold money in demand deposits then lend that money as if they are loans from depositors, on the belief that in usual circumstances, a certain percentage of money held in demand deposits will not be withdrawn at any given time. (I.E. fractional reserve banking.)

The more money and power an entity or person gains, the more corrupt they become.

Feckin' brilliant. Richard Werner is "A Man for All Seasons" This needs airing now (the Hour grows late!) more than ever!

I think he means he wants building societies back.

Makes sense that is what Liz Trust was trying to do she was pro growth pro productivity but you all didn't want that I'm afraid

Is this notion solely based in the uk or is it across the board?

No need for the other guest to chime in with silly comments, when Richard Werner is explaining the thing.

Why did only 600k watched this video, which is an eye-opener?

By creating currency for so called productive uses. This means distorting these markets and giving an advantage to these corporations therefore forcing smaller companies not in receipt of these funds into finance distress.
This is still counterfieting and will lead to a, collapse where the large corporations buy up everything and, competition gets driven out of business and the poor will get poorer and the will own everything😂

Why can't he be chancellor?

Beautifully explained for the common man to understand however there is a catch to it. If Bank approaches the individuals asking for money as loans in return of interest + Principle to be paid upon maturity then the Promissory Note & creators of money supply theory is apt. When Individuals approach Banks as consumers then the banking termonolgies used by Bank as Deposists stands good, because banks have created this system over a period of centuries where Trust, Goodwill & Value was primordially core to its banking principles, then the position of obligation is reversed as to who is in dominant position, though we understand the banking principle from this video, the evolved banking system cannot be upturned with its terminologies that easily. The large bank small bank inflation etc explained is impeccable and commendable.

"Bank lending creates deposits." BoE, 2014

The more bankers we have the less money everyone else has. Simple as that.

Brilliantly explained.

1) Il tizio si sofferma su una problematica del Pil perche contiene il valore aggiunto, non ho capito bene di quale valore aggiunto parla, ma se trasformi una ,ateia prima in prodotto, non puoi scambiarlo al prezzo di costo, è normale che ci sia il valore aggiunto, è proprio il valore agginto la ricchezza creata, che poi andrà a far crescere l'economia. 2) Il Tizio sostiene che le banche "creano denaro dal nulla", in pratica aprono un conto corrente fittizio, dove creano un falso debito nei confornti di un correntista, ma in realtà non c'è stato alcun deposito di denaro, non c'è stato alcun trasferimento di denaro, il denaro è stato creato dal nulla e depositato lì, quindi la Banca ha creato del denaro prima inesistente col "col falso in bilancio" come sostengo io". Questo denaro però non viene speso dalla banca, ma viene prestato, ciò significa che questo denaro una volta messo in circolazione, andrà restitutito, e non solo, andrà estituito con gli interessi, quindi uscirà dalla banca meno denaro di quello che poi rientrerà compreso di interessi, e grazie al caxxo che non fa inflazione, anzi, in questo modo si crea rarefazione monetaria, e aumento dei debiti in generale. 3) Il Tizio probabilmente non sa, che il creatore di denaro, stampa 100 Euro in cantina, esce e si compra un paio di scarpe, dopo di che quelle 100 euro non solo rimarranno in circolazione, ma gireranno all'infinito, verranno scambiate all'infinito, questa è creazione monetaria ! 4) Quello che fanno le banche invece, con i prestiti di denaro a falso in bilancio, non è creazione monetaria, in quanto siccome loro sono solo intermediari appunto, se lo facessero sarebbero dei falsari, solo gli stati possono creare moneta, la banca fa semplicemente una truffa, presta soldi a falso in bilancio, prestando denaro ma ritirando piu' denaro di quello che prestano, piu' che evitare inflazioni, le banche rastrellano denaro nelle modalità come se fossero tasse, ma poi il denaro che ritirano non si capisce dove va. sicuramente non viene rispeso per l'economia pubblica. 5) Il Tizio si lamenta che le Banche prestano denaro per le attività finanziarie piuttosto che per attività produttive, ma è proprio per questo motivo che il denaro lo dovrebbe creare e prestare esclusivamente lo Stato, che andebbe a finanziare solo ed esclusivamente le produzioni e non le speculazioni finanziarie. Se permetti alle Banche di crare denaro con la truffa del falso in bilancio, poi non puoi obbligale a prestare quel denaro finto, che oltretutto deve tornare indietro con l'aggravio degli interessi, a chi si occupa di produrre beni e servizi e non a chi si occupa di speculazioni finanziarie, alle Banche va fatto divieto di prestare il denaro che non hanno in cassa, solo lo stato dovrebbe concedere prestiti, anche a tasso 0%, direttamente da proprie banche pubbliche o anche attraverso le Banche private, che però poi questo Capitale prestato lo dovranno restituire allo Stato una volta incassato. 6) Qui si perde di vista cos'è il denaro quale funzione ha, cos'è una Banca e quale funzione deve avere.

Facts😂

London isn’t part of the uk. BOOM.

IRS<

Yo, City of London check?

Finance is the front line....

Wow...thanks for promoting this Mr. Morgan. Very eye opening.

banks don't print money at all they can not,they print currency money is gold and silver

This is absolutely brilliant 👏

That was awesome. Loaning money for financial assets instead of for productive purposes is what’s driving asset inflation and increasing inequality. The banks need to be returned to serving the public!

🤯 they really did succeed in keeping this info from us! Oh how sheep we have all been and may well continue!

The best part was when he started looking for his pen and note pad! ...and the fact that he has one at his disposal shows he is smart to begin with! Everyday really is a school day

....again 🤯🤯

When you walk into a Bank and you are given a Mortgage the money is generated by the Bank the moment you sign on the dotted line you are the Creditor, not the Debtor you created the money and it's all done on your Birth Certificate which is a Bank bond. In this way, they have enslaved the masses.
It gets worse because the Bankers control the Governments. In England, the UK Government goes to the Bank of England and borrows money from them which comes with interest. This is how the National Debt has been created and that is the only reason for Taxation.
If we had an independent government then it would create its own currency as it did in 1914 with the Bradbury Pound which is interest-free money. If they did that they could end poverty and end the welfare state and do away with taxation.

surprising how many people never asked throughout their lives what your money was backed by and how and how many bills are printed and why all these smart types, education, accountants etc etc and this is obscured. it shows most of us just go along with the flow and leave navigating to the lawyers, if I was a barrister or counselor or attorney or lawyer, for the right incentive, id lead all the non-member fish right into the catcher's net.

Knowledge is truly power🤷🏽‍♂️💪🏾💯👏🏿👏🏿👏🏿

Hence why they rigged the elections to facilitate Brexit. The Corporation of the City of London can't be a part of the EU without democratic elections. It's also why the standard of education in England is so appalling. It's kept that way to prevent a head of steam building which would resist the influence of the corporation.

This is fantastic, sad though that we need a Russian broadcaster to produce it/make it available...

Reports like this is why RT is not allowed in the US.

The banker didn't have a clue, how mads that

The city of London has finance and it is not part of the UK. haha Same goes for the Fed. It's own sovereignty and is not part of the US. But of course, neither is the USACorporation. What a mess.

Shawshank library scene explains all

My friend said I should watch this. All I heard was

I WANT THE CREDITS IN MY ACCOUNT, INSTEAD OF MONEY. CAN WE SAY THAT?

WOW! Richard is so well spoken and brillant! I learned more from these 15 minutes than I do from my classes. Problems gonna be remembering it, lmao!

Lockheed and Raytheon and the Moderna are the banks now

All central banking and fractional reserve banking is built on expanding and collapsing bubbles they are unavoidable, and only those in the know, the policy makers, government employees, etc. in the know can game the system. It encourages lies and secrecy and makes the rich richer and the poor poorer. Anything built on lies, in this case money that does not really exist, will fall in the end.

I wish there was someone this eloquent to talk about usury/interest.

I'm fascinated by the potential idea of abolition of private banking(the money creating kind of banking) and creating banks at the state level I.E each province, city or state of a country would run a state chartered bank where interest is 0% for all forms of credit.

I recognize community banking has positive outcomes but what about a banking system that has completely removed the profit incentive and banking is done as a semi independent agency with mandates for employment, affordable housing and productive enterprising.

city of london is not an independent sovereign state, not true. This claim shadowed all of his other comments to me.

How about we just use Bitcoin.

That was so beautifully done

Link in the description doesn't appear to work.

Note Inflation; 9;20-14;30 and the three areas of credit creation
1)Lending productive expansion for the creation of stuff,= No inflation
2)Lending for consumption only ie credit cards to buy stuff, but not to make stuff = Inflation of Consumer Stuff
3)Lending for asset purchase not production of stuff so creating scarcity of finite assets ie Real Estate =Inflation of Assets
So therefore 2 and 3 create inflation, but number 1 does not, Why? No1 balances itself with production of stuff to be purchased via wages from again making the stuff (the Henry Ford theory of paying workers enough to buy thier own created products), 2 and 3 do not thus the balance of increased liquidity is not absorbed by growth of production thus.....'Inflation' in the area of shortage ie consumer products and/or assets