Banks Make Money out of Nothing! | Prof Richard Werner | BIG PICTURE

As a part of the upcoming film CBDC: The End of Money, I interviewed renowned economist and professor Richard Werner.

https://bigpicture.watch/product/cbdc-the-end-of-money/

Professor Werner is the father of the monetary policy concept of quantitative easing, the author of the best-selling book “Princes of the Yen”, and the author of an important study on the actual operations of banks.

Please donate to the production of the film here:
https://bigpicture.watch/donations/support-our-work/

In this ten minute interview Professor Werner discusses his seminal study on bank credit creation, where he presents three theories on bank credit creation and proves through an empirical study that banks actually CREATE MONEY OUT OF NOTHING.

Banks do not channel our savings into loans as most people think, they do not practice fractional reserve banking but in fact take collateral and create money completely out of nothing. This is shocking once you get your head around it and frankly constitutes a complete and total fraud. If you don’t pay your loan, they seize the collateral even though they put nothing down in the first place!

Richard Werner’s banking paper:
https://www.sciencedirect.com/science/article/pii/S1057521914001070

Substack
https://rwerner.substack.com/

And website
RichardWerner.org

Mirrored from / Original Video Source: BIG PICTURE with James Patrick (Planet Lockdown - https://www.bitchute.com/video/JQU7YVQzqWLO

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