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The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161
PBD Podcast
Is There a Correction in the Market?
There were two problems with this bailout in 2008 2009 by the Fed and one was that it was mainly the big banks that were being bailed out. That is unfair and that should be criticized and that is for capitalism. Most central banks actually Have another agenda, which is not a good one and that is to concentrate the banking system. In the last 25 years 5,000 banks have disappeared in the US and 5,000 Banks have disappeared under the ECB And that's the agenda. They want to have fewer and fewer and bigger and bigger banks. That's the old bad That's not good. We should found constantly new small local community banks, which is something I'm doing actually in working on
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