

Richard Werner Exposes the Evils of the Fed & the Link Between Banking, War, and the CIA
455 snips Jul 28, 2025
Richard Werner, a world-renowned economist and author of 'Princes of the Yen', dives into the fascinating world of banking and its impact on economies. He reveals how banks create money out of thin air, challenging conventional beliefs about their role. The discussion also uncovers the often-overlooked connections between banking and wartime economics, highlighting the Federal Reserve's opaque practices. Werner passionately critiques traditional economic theories, advocating for reforms to ensure banking systems support sustainable growth rather than perpetuating crises.
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Early Insight on Japan's Bubble
- Richard Werner discovered that Japanese banks created money out of thin air and caused the 1980s asset bubble collapse.
- He predicted Japan's prolonged recession and proposed 'quantitative easing' well before it was popularized.
Banks Create Money Out of Nothing
- Banks create money out of nothing by crediting loans not transferring deposits.
- This money creation theory debunks the dominant financial intermediation view in economics.
Failures of Economic Models
- Macroeconomic models exclude banks and bank credit creation, causing failure to explain crises.
- Interest rate changes do not reliably drive economic growth, contradicting orthodox beliefs.