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The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161
PBD Podcast
Why Did the Central Bankers Do This?
Mina and Fukui ensured that the bank which bank kept a bank credit tight. They did not solve this Emerging banking crisis, but it was clearly festering would get bigger and bigger. So we had and therefore banks didn't create credit new credit for business investment - there was a 20 year recession. It's certainly not a conspiracy because they very clearly said in their speeches in the 90s they said well, we don't really want to recovery now.
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