Richard Werner

Yeah.

And you very much believe as well, um, like Richard Werner, uh, that your signature creates the money, right? In a-

Your signature can create the money, yes.

It creates the instrument for sure.

We do make it out nothing.

And I think in addition to that, there was also Richard Werner, who I quoted, and he did sort of, I don't know if it was the first one, but it was an empirical test of the process where he took a 200,000 euro mortgage out against with the bank whilst monitoring their books.

And yeah, it's exactly as Gia Griffin described.

So the right to issue is really the right to steal money off everyone else, right?

And we are pulling from an incredibly provocative source today.

We're analyzing an explosive interview from the YouTube video titled The Greatest Fraud in Human History, Professor Richard Werner.

Oh, yeah.

That was uploaded on the channel The Peter McCormick Show.

And I want to bring it all back to the hook we started with.

We asked what it would mean if the economic struggles, the constant crises, and the low growth we suffer through aren't accidents, but are the intended outcome of a perfectly functioning system designed by those planners.

If Professor Richard Werner is right, the system isn't broken.

It is working exactly as intended.

He...

We have a lot from Richard Werner, and then John is our co-host on, um, on Money and Markets.

But anyway, so, so what you don't wanna do is you don't want a lot of money sitting around in dollars because it's depreciating, right? So, so, but you want enough dollars hanging around so if there's a flood or a disaster, you can buy food, and you want dollars to transact with because it's relatively private, right? So, so, you know, if you think fiat currency is expensive to hold onto, wait till you see what happens when you buy with a credit card, and the transaction fees that come out, it's enormous.

Okay, so, so, so cash is for transactions.

So one of the things that I was thinking of that

thatFinally came to mind was something that Richard Werner has talked about with regards to what happened during COVID, where back in the '90s, he developed the quantitative easing, which had two parts, and they actively did the opposite of what he suggested.

Now, they're aware of what he was saying because it later came out that, um, that they were aware of it.

In tw- 2020, um, they, the, the Fed implemented some of his quantitative easing policies, but they did it in a, a similar, similarly reversed way.

But when it comes to paper currency, who's going to trust the inscription? You see what I'm saying? That's going to be the sovereign because they enforce the inscription with the sword.

Richard Werner.

Do you remember him? World famous economist, written a couple of books.

So he did an interview on the Peter McCormick show and he talked to, and he confirmed as, and the reason I love this is because this isn't like a conspiracy for those of us who study this.

Sorry, same economic schools of thought, but two different interpretations of it.

So listen to another Richard Werner, Professor Richard Werner.

He wrote the book, The Princess of the Yen.

He's the one that basically taught me about money creation and And if people knew how money was created, you wouldn't work for it.

But that's not what's rewarded when just trying to IPO or gin up the outstanding share price is focused basically on short term gains through marketing as opposed to that R&D, which is risky.

And to your point, it's opportunity cost, right? Richard Werner is very good on this as well.

Anytime you create an additional line of credit or create more money in the economy, it's going to go to one of three places.

It's going to go into an asset bubble.