Conversation With Economist Richard Werner | The Plandemic Was Used To Usher In TOTAL CONTROL

Summary

In this enlightening discussion, economist Richard Werner, known for his book 'Princes of the Yen', delves into the shadowy world of central banking and economic control. He explains the mechanics of money creation by banks, the manipulation of economic cycles through credit policies, and the potential dangers of Central Bank Digital Currencies (CBDCs) tied to digital IDs, hinting at a future of unprecedented surveillance and control. Werner also emphasizes the importance of community banks and the need for public awareness to counteract the centralization of power.

Takeaways

• 🏦 The central banks, rather than governments, are the primary entities controlling the world's money supply and economic policies.
• 🤔 The complexity of monetary policy and economics is often intentionally used to obfuscate the truth and keep the public in the dark about banks' activities.
• 📚 Richard Werner, an economist and author of 'Princes of the Yen', has been a vocal critic of central banks' policies and their impact on economic crises.
• 🔄 The repo market bailouts in September 2019 hinted at underlying issues in the banking system that were overshadowed by the subsequent pandemic.
• 💡 Werner's experience in Japan revealed the disconnect between theoretical economic models and real-world practices, particularly in central banking.
• 🌐 The World Economic Forum's Young Global Leaders program has been criticized for molding future leaders who align with their centralized power agenda.
• 💸 The creation of money is primarily done by commercial banks through lending, not by central banks or governments.
• 📈 Bank credit, when used for asset purchases, can lead to asset bubbles, banking crises, and economic recessions, as seen in Japan's economic history.
• 🛑 Central banks have the power to avert economic downturns but may choose not to do so for political reasons or to engineer crises for political change.
• 💹 The push for Central Bank Digital Currencies (CBDCs) is a move towards greater surveillance and control over individuals' financial transactions and activities.
• 🚫 The potential introduction of CBDCs poses a threat to personal freedom and economic sovereignty, enabling the central banks to control and restrict access to money.

Q & A

What is the main topic of discussion in the interview?

The main topic of the interview is the role of central banks in the global economy, the creation of money, and the potential for central banks to manipulate economic conditions for political ends.

Who is Richard Werner and what is his claim to fame in the field of economics?

Richard Werner is an internationally renowned economist, known as the author of the bestseller 'Princes of the Yen' and as the father of the monetary policy concept of 'quantitative easing'. He has been at the forefront of warning about incoming economic crises.

What is the 'repo market' mentioned in the transcript?

The repo market is a part of the financial system where banks and other financial institutions lend money to each other for a short period, often overnight, using securities such as government bonds as collateral.

What does Richard Werner believe about the purposeful creation of economic crises by central banks?

Richard Werner suggests that central banks, like the Bank of Japan, have purposefully created economic crises, not out of incompetence, but as a means to engineer political and economic changes that favor certain interests.

What is the significance of the 'United States notes' issued by JFK in 1963?

The United States notes issued by JFK in 1963 were significant because they were a challenge to the Federal Reserve's control over money creation. These notes were issued directly by the US government, bypassing the Federal Reserve, and were the last instance of a government creating its own money.

What is the connection between the World Economic Forum's 'Young Global Leaders' program and the centralization of power?

The 'Young Global Leaders' program is seen as a mechanism for identifying and grooming individuals who can be molded to fit into a future elite that aligns with the interests of powerful entities. This program has been linked to the rise of various political figures, suggesting a pattern of centralizing influence.

What is the role of banks in creating money, according to Richard Werner's research?

According to Richard Werner's research, banks effectively create money when they issue loans. This process, known as credit creation, is the primary way new money is introduced into the economy, rather than the common misconception that banks are merely intermediaries for existing deposits.

How does the use of bank credit for asset purchases influence the economy?

When bank credit is used for asset purchases, such as real estate or financial assets, it can drive up asset prices, creating an artificial asset boom. This can lead to unsustainable economic conditions that may result in a recession or depression when the bubble bursts.

What is the difference between 'financial intermediation theory of banking' and 'credit creation theory'?

The 'financial intermediation theory of banking' posits that banks act as intermediaries, lending out deposits they have received from customers. In contrast, the 'credit creation theory' suggests that banks create new money when they extend loans, effectively increasing the money supply.

What are the potential implications of Central Bank Digital Currencies (CBDCs) for individual financial freedom and privacy?

The introduction of CBDCs could potentially allow central banks to exert unprecedented control over economic transactions, including the ability to monitor all financial activity in real-time and to restrict or block certain transactions, thus impacting individual financial freedom and privacy.