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The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161
PBD Podcast
The Third Possibilities of Banks
I've been warning since 2020 that we'll get significant inflation now unlike for example after the 2008 crisis. If banks create money and it's used for for purchases of ownership rights such as property real estate or financial assets, you know all these loans to to do financial deals will push up asset prices because it's like creating new money. The other type lending for consumption and also Bank credit for asset purchases, you know get the asset bubble and after the asset bubble you will always get. And this is also what happened Japan of course most dramatically You'll get a bust asset bubble and then a bust banking system. When the banks shut down they don't lend at all then you also don't get
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