The Greatest Fraud In Human History | Prof. Richard Werner
The Peter McCormack Show
849,747 views
Prof. Richard Werner is a world-renowned economist, professor of banking, and author of Princes of the Yen. Famous for coining the term "Quantitative Easing" (QE) and publishing the first empirical proof that private banks create money out of thin air through lending, he has spent decades exposing the central planning mechanisms that dictate global finance.
In this episode, we discuss the ”Revealed Preference" framework - demonstrating why we must analyse central bankers by their actions rather than their rhetoric. He explains how central planners use artificial recessions and banking crises as "windows of opportunity" to consolidate ownership, why textbook economics deliberately obscures credit creation, and how establishing decentralised local banks can unlock sustainable 10%+ annual growth.
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TIMESTAMPS:
00:00 - Central Bankers Are Traitors To Their Countries
01:04 - Why Can't Britain Grow?
06:50 - Princes Of The Yen
11:19 - It Was Always About Control
13:38 - Banks Don't Lend Your Deposits
14:27 - Show Me Where The Money Is Created
16:14 - Every School Of Economics Gets It Wrong
20:14 - Why Would They Do This?
21:57 - Britain Is Close To Central Planning
22:46 - America Once Had 30,000 Banks
27:48 - The Problem Was Identified In 1918
31:18 - Who Runs The City Of London?
33:46 - We Need Thousands Of Small Banks
38:14 - First The Money, Then The Power
44:04 - Every Country Can Have 10% Growth
47:12 - Liz Truss And The Bank Of England
50:23 - We Don't Need Central Banks
52:22 - Were The Austrians Right?
57:35 - They Want Your Savings
59:21 - Europe's New Right
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CONTACT PETE
› Website – http://petermccormack.com
› Feedback – https://www.petermccormack.com/contact
› Email – me@petermccormack.com
› Instagram – Instagram: mccormack555
› X/Twitter – https://x.com/petermccormack/
CONNECT WITH RICHARD WERNER
› Website – https://professorwerner.org/
› Substack – https://rwerner.substack.com/
› Princes of the Yen – https://www.quantumpublishers.com/
› X/Twitter – https://x.com/drrichardwerner
SPONSORS
› IREN – https://www.iren.com/
› Arch Public – https://archpublic.com/peter
› Venice AI – https://venice.ai/ – Code PETER15
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LISTEN / SUBSCRIBE
› Apple Podcasts: https://apple.co/40ruY9K
› Spotify: https://spoti.fi/3Wc94Vu
› Fountain: https://bit.ly/FountainPM
› YouTube: https://bit.ly/YouTube_PM
› Rumble: https://bit.ly/RumblePM
FILMED BY CURTIS TAYLOR
› https://www.curttaylor.co.uk/
› https://x.com/curttayloruk/
EDITED BY CONOR MCCORMACK
› https://x.com/ConorM04
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#Economics #RichardWerner #CentralBanks #Banking #TPMS
20 Comments
The Greatest Fraud In Human History | Prof. Richard Werner
The Peter McCormack Show
849,747 views
Prof. Richard Werner is a world-renowned economist, professor of banking, and author of Princes of the Yen. Famous for coining the term "Quantitative Easing" (QE) and publishing the first empirical proof that private banks create money out of thin air through lending, he has spent decades exposing the central planning mechanisms that dictate global finance.
In this episode, we discuss the ”Revealed Preference" framework - demonstrating why we must analyse central bankers by their actions rather than their rhetoric. He explains how central planners use artificial recessions and banking crises as "windows of opportunity" to consolidate ownership, why textbook economics deliberately obscures credit creation, and how establishing decentralised local banks can unlock sustainable 10%+ annual growth.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TIMESTAMPS:
00:00 - Central Bankers Are Traitors To Their Countries
01:04 - Why Can't Britain Grow?
06:50 - Princes Of The Yen
11:19 - It Was Always About Control
13:38 - Banks Don't Lend Your Deposits
14:27 - Show Me Where The Money Is Created
16:14 - Every School Of Economics Gets It Wrong
20:14 - Why Would They Do This?
21:57 - Britain Is Close To Central Planning
22:46 - America Once Had 30,000 Banks
27:48 - The Problem Was Identified In 1918
31:18 - Who Runs The City Of London?
33:46 - We Need Thousands Of Small Banks
38:14 - First The Money, Then The Power
44:04 - Every Country Can Have 10% Growth
47:12 - Liz Truss And The Bank Of England
50:23 - We Don't Need Central Banks
52:22 - Were The Austrians Right?
57:35 - They Want Your Savings
59:21 - Europe's New Right
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
CONTACT PETE
› Website – http://petermccormack.com
› Feedback – https://www.petermccormack.com/contact
› Email – me@petermccormack.com
› Instagram – Instagram: mccormack555
› X/Twitter – https://x.com/petermccormack/
CONNECT WITH RICHARD WERNER
› Website – https://professorwerner.org/
› Substack – https://rwerner.substack.com/
› Princes of the Yen – https://www.quantumpublishers.com/
› X/Twitter – https://x.com/drrichardwerner
SPONSORS
› IREN – https://www.iren.com/
› Arch Public – https://archpublic.com/peter
› Venice AI – https://venice.ai/ – Code PETER15
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
LISTEN / SUBSCRIBE
› Apple Podcasts: https://apple.co/40ruY9K
› Spotify: https://spoti.fi/3Wc94Vu
› Fountain: https://bit.ly/FountainPM
› YouTube: https://bit.ly/YouTube_PM
› Rumble: https://bit.ly/RumblePM
FILMED BY CURTIS TAYLOR
› https://www.curttaylor.co.uk/
› https://x.com/curttayloruk/
EDITED BY CONOR MCCORMACK
› https://x.com/ConorM04
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
#Economics #RichardWerner #CentralBanks #Banking #TPMS