Muse

Hello everyone and welcome back to my show. Guys we we covered lots of Tyler Robinson and the court and all this so it's time to take a break from that. Today we're going to cover I think one of the most interesting issues well subjects I would say not an issue yet but a subject in the world which is economy with my favorite economist Richard Warner. Richard thank you so much for coming I know you're traveling and you know you're busy so I really really appreciate you making time to join us today in my show thank you thank you thank you very much for having me it's a pleasure

it's a pleasure to be on your show and thank you for you know for reaching out to me I appreciate

it absolutely well maybe next time you will be in my studio we'll do it properly from the studio but this is fun too so Richard I'm gonna just dive in you know like right now what's going on with the economy is pretty troubling, at least to me. I'm not an economist, but I watch what's happening in Europe, what's happening here in the UK. So explain to us, is it because central banks are so powerful that they are literally in charge of every country's economy and they drive this game, and I don't think they are going anywhere good?

Well, that's certainly what it looks like. They are very much in charge of the economy in most countries. This is something that started from the 1970s onwards. The central bankers argued and they hired lots of economists and paid a lot of economists to say that, oh, central banks need to be much more powerful and we need to restrict the ways in which governments can influence central banks so they can do what they want. That is much better. And they published research papers that seemingly showed this. Of course, they didn't actually prove this in any serious scientific way, but these opinion pieces were elevated to being a science. And so it happened across the globe that politicians, parliamentarians, governments, they actually all started to argue and, of course, very much backed by journalists. You know, we mustn't forget this. I mean, the power of the media and the central banks have been very good in orchestrating the media, the mainstream media that is, in the past. past it's been one of their 40 and and so everyone you know the official commentaries the mainstream media and the politicians all agree that's what we need we need to give more power to unelected technocrats that are essentially central planners because they are so smart they're so good at what they're doing and they're so well meaning for humanity that they should be the rulers of the world and that's essentially what happened so they've become independent from governments in many many countries across the globe and in many places they've become independent from parliaments democratically elected assemblies as well we can just look at Europe in the eurozone the ECB European central bank reigns and rules supreme it's not accountable to any government it's not accountable to any democratic assembly to any parliament and nobody can get at them even if they were doing terrible things no public prosecutor has any right has any reach to even question them let alone you impound any material in order to try to secure evidence all that is out of reach because the ECB

set up as an international organization that is supranational above all governments yes it is based in Frankfurt but it's you know it's like a foreign embassy which is considered extraterritorial so it's outside germany despite you know of course having been placed in frankfurt and um sadly the ecb so it's really one of the most powerful and most independent central banks in the world but it's a classic case the more power we give these central planners the worse their record gets and the ecb's record has been one of disaster after disaster pandemonium following catastrophe, when you think they can't mess up any worse, comes the next major crisis created by them. Pretty much, as you put it, in the majority. Yeah, no, I totally agree. And I think I have an

idea why. Seems like every time there's some type of a crisis or, you know, in 2008 or something similar, what happens is these guys get stronger. And it's normal people who bear the cost of everything and they just get incredibly stronger so in a way they have an incentive to drive the world into this crisis because it's like a you know next level for them and no one keeps these people accountable so explain to me i don't know even how to ask this like how do we get out of

this yes well that that is an important question um but before we we sort of uh can come to um concrete answers what we need to do we just need we also need to understand how we got into this why why how do we get here um i mean if we think about just just ahead of things you know how do get out of this we need to reclaim democracy and in every aspect and there shouldn't be any aspect where we say well that area is excluded from democratic accountability parliaments have no and people representatives of the people have no right to interfere in this area because we have really good technocrats who who lord it over much better in this area essentially what what's been said about the economy and really the economy is society you know it's just yeah it's a more um economic financial side of it but that includes everything and if you control of course um the economy which you can control through money then you control everything else and you can put um you know you can put your puppets in place um to do your bidding so So we have to reclaim democracy. How can we do that? Well, central banks are too powerful. They were already too powerful in the past. And exactly as you said, they have since become even more powerful. In my book, Princess of the Yen, and also there's another book, New Paradigm in Macroeconomics, I argued that essentially the central bankers get rewarded for every crisis because they argue, oh, this crisis now happened because we were not powerful enough. You'd think, okay, maybe they get away with this argument once and my work has shown that, no, that crisis was created by them. But let's say they get away with this argument. Comes the next crisis created by monetary policy, created by the central bankers, and then they say, so what now? Well, this crisis happened because we're still not powerful enough and you still have to give us more power and then they actually they're given all this new powers and then they engineer another crisis and they argue well you know it's not powerful enough we now need to abolish any competition to us for example cash is competition to central banks because as the you know as the managing director of the central bank of central banks the Bank for International Settlement, the BIS in Switzerland, in Basel. So as the central bank of central banks, the BIS and their managing director, put it,

if you're using cash, we don't know who's spending the money, what are you buying, when are you buying it, and we can't stop you, we can't control your spending. So they don't like cash, and so what happens? well they restrict the use of cash and we have laws now in europe getting stricter every year limiting the amount of cash that is permitted for transactions that's extraordinary what a restriction but that's just one example i mean there's other competition they don't like and they restrict that they make it harder whether that's gold or whether it is indeed other banks because actually we've had in in most countries in the last half century quite a decentralized system of money creation yes they're the central planners and they are they become all powerful but the actual absolute amount of money they create is still small because there are other banks and the majority of money is actually created by banks through bank credit loans given by banks. That creates money as my work has proven because that was also poo-poo it as a conspiracy theory um and so 95 97 of the money supplies created actually by banks

to explain to people who don't understand how are they creating money exactly now just so so uh uh

the the viewers don't lose the thread so i will i will explain this um but uh so because the banks are the creators of money and we'll just talk in a minute about how that's done the central planners the central banks are now killing banks they're destroying banks they're reducing the number of banks they want to get a more centralized um banking system where there's fewer banks and then now i mean the ecb has killed six thousand banks since it started to to open its doors for business uh 26 years ago so and um and of course these are the small banks and that's the strength of an economy is the number of small banks and the more small banks you have spread around the country the better it is for the country but the central planners work very hard to reduce the number of banks and concentrate the banking system and the ultimate measure to do that and we'll have to talk about that later is of course their plan to introduce central bank digital currencies because um i mean the the name already is such a misnomer it suggests oh and then they tell us oh well this cryptocurrencies are out there bitcoin digital currency so the central bank has to offer something too that is like that well hang on the what is new about central bank digital currency is not the digital aspect we have been using digital bank currency for half a century right which is the bank credit created by banks and you know we'll talk about how that's done but the banks um when they create the money it's it's digital money and we have been using this digital money and that's 97 of the money supply in most countries so the digital currency aspect is not new it's the central bank digital currency aspect that's new so the central bank didn't used to do this because there's been a deal in the past for centuries that the the banks deal with companies and ordinary people the central banks deal with banks this is a two-tier system and that of course gave some influence and power to the banks and the central planners want to to end that now they want to be totally in control like in the soviet union you know the communist manifesto mentions quite high up in the list you know karl marx published this in 18 whatever in the 19th century, late 19th century. This communist manifesto, and quite high up, I think it's point number five or six, is have one central bank only. That is a monopoly, because that's how you centralize everything in the dictatorship. And so they want to kill the bank. So the central bank digital currency is actually, what really is, is an account that everyone has with the central bank. and if the central banks do that then they're directly competing against the banks

and of course because they're giving all these privileges they will outcompete the banks it's like the umpire, the referee, the bank regulator is the referee in a football game now saying hey actually that's quite boring for me as a referee in the soccer game I'm now going to join the game I'm going to score some goals and I'm still going to use my yellow card and my red card and my whistle who's going to win the game so I mean we're getting there you know we're getting yeah exactly to umpires ready so that's what the central planners are doing with their central bank digital currencies they will get if they you know if we allow them to their plan is to kill the banking system entirely and then there's only like in the Soviet Union one bank left but let's now look at what's our current system where we fortunately still have a number of you know commercial banks um also in many countries local banks small banks community banks those countries that have many community banks usually have strong economies that's the us um germany japan china

germany is still on the list i think germany is falling like a rock right now right exactly so

slightly historical because Germany used to have by far the largest number of banks even just a few years ago is more like 5,000 banks then they reduced it to 2,000 now we're talking 1,000 and falling and of course while they reduce the number of banks look at the economy is just going down and down and down so yes but historically for 200 years that was the strength of the economy and of Of course, they've been hitting Germany very hard, including with this imposed government.

that only implements, you know, self-destructive policies.

Exactly.

So that's pretty bad. But so what is our current system? How do banks create money? It's essentially an accounting trick. The banks, when they give out a loan, they pretend that the borrower has deposited the money at the bank. and because nobody else can you know disprove this we don't have the information we just have to trust the banks the banks are just crediting the borrower with this money well so we assume they've you know they've put the money there therefore it's there and we can use it well the record that the bank makes of somebody's deposit that is our money so that's the simplest way of explaining it i mean they just make up the the borrower's um money as a as a fictitious deposit that you know everyone well the banks pretend it was deposited but then it can be used just um and historically of course this was based on fraud if we go back into history and then the bankers thought, okay, we need to manage this fraud so it doesn't really cause problems for us. One was to make sure that legislation was put in place to at least allow this to happen without any major threat to the banks, although in many countries it's not fully tidied up. And secondly, they invented double-entry bookkeeping. this was invented by the bankers for banking because you know if you use this the honest type of accounting which is single entry bookkeeping which essentially is cash flow accounting money in money out you know you can't fiddle things but with the double entry accounting particularly the money creation process in the banking system could be hidden so well that until the 21st century people thought there's nothing happening there and that still has been until my publications the mainstream view in economics and finances they don't create money they just take in deposits and lend out the money um and i showed through an empirical um they actually create money when they give out a loan you can look this up actually it's an open access publication called can banks individually create money out of nothing so there's a test i did yeah sorry to interrupt i was saying that their

their incentive is to give credit then because they create more money right is that is that

earn money um and they have an incentive to keep doing that but of course they have to follow the the rules imposed by the central bankers We have these Basel rules, bank regulations in Europe. The European Commission made a lot of central bank recommendations, law for the EU. It does come back to the central banks, but it's a bit cumbersome for them because they're not directly able to dictate everything. And it is via the banks as those who deal with the public. and that's what they want to tidy up in order to increase their power. This is another step in this process of ever-increasing powers of the central planners.

So talk to me about who's in charge here because in America we like to always go back to the story of Jekyll Island, right? Like we want to go back there and what happened with these globalists and how they secretly what's funny is that many of them were british you know just just saying like they were not even american so they are deciding what's going to happen in the united states like having major stakes and yet they are not american so which is which is crazy to me but this has been a theme in america that other country national um and not just one or two are deciding our fate which is absolutely unacceptable but it's happening it's happening with nato it's happening with the press i recently discovered something that completely shocked shocked me i was like for two days i was just

staring at the wall thinking about this because you mentioned how there are all these people who are advocating for the banks to have even more power and more power and they have their media

members going and you know yes but the central bank has more power yeah exactly so i discovered

this cabal in in the media i called him abstin cabal and before me i believe was a journalist I forget his name, but he called it octopus, this cabal, and he got killed for it. But I will tell you, like, a short version. So NATO has this group of journalists that work together. And I'm like, why does NATO have a group of journalists? Like, isn't that supposed to be like a military body? And then I realized that they work with this analyst. And analysts and like these researchers, all of them are tied to either British Army, British State, or American DoD. And I'm like, okay, hold on. So why are people who are tied directly to British State, American DoD, and directly to these countries, are now influencing these journalists who happen to be always the ones in front of Congress, advising Congress and policymakers?

Actually, I would say there's two types of these false journalists that sadly are basically dominant in the mainstream media. This is one type, which in some ways is the more obvious one because they're straight out agents. This was the CIA at the Operation Mockingbird, which that's what they used to call it. And then they sort of were hinting that it was stopped sometime in the past, but of course it wasn't stopped. where basically agents secret service agents are you know as their day job their journalists and of course they are just feeding um secret service propaganda uh into the media so that's that's one type and this sounds pretty much like exactly like that there is a second type this is more open-ended because essentially this is like an open call for everyone to be recruited and be manipulated um by um well by those who want to manipulate the media this is how central banks have have been operating but i'm sure on top there there's also direct agents obviously as well um but the second type i just want to give an example i mean that in i encountered this in japan i spent 12 years in japan and um they have this system there called the press club system so the bank of japan the central bank would have a press club um and so what is a press club well it's organized by the central bank for the press and they have events they give a press conference obviously but they do other things as well and they have some famous speakers coming and various other opportunities for journalists as a member to to meet staff or get information announcements early you know just all these incentives for any journalists oh wow that'd be great you know i would get all this information maybe ahead of the the the big crowd of journalists it's you know it's a somewhat select group they call it the press club and if you're covering finance and the markets the economy then of course you know it's better to be in that press club isn't it and you get better access to central bank information they usually as the central bank have the best information and they also produce statistics and you know they can then um explain what is important to the select group explain their angle but also give them information early so they have an edge on other journalists and the deal is so if you have been invited to be a member of the press club then of course as a you know as a as a give and take um as the payoff

you can't openly criticize the central bank now that's something they don't have to say because essentially you you get you know you get robbed in they treat you well they have fancy dinners and fancy expensive hotels with all sorts of entertainment and various things happening as I heard in Japan and so of course journalists want to be there and they know that well I can't be too critical of the central bank of the bank of Japan otherwise I may stop getting invited and of course occasionally it does happen that if somebody gets too critical they get x invited and

get cut off and of course others see that and it's a warning so that's how you keep them in line i looked into the history of this minister of propaganda joseph goebbels um i can't be sure that he pioneered it because he he was a great admirer of the british ministry of propaganda which was the first ministry of propaganda in the world as far as i know it was created in in britain in london during the first world war and it was highly successful there's no doubt about that i I mean, when I was a student in England, yes.

All evil goes back to British Empire. Man, like it's so true, it's so true.

Yeah, yeah, yeah. When I was a student in England, in London, I mean, this is, well, when we have time, I can tell you some stories, but just the bottom line is they were still quite propagandized almost a century after the First World War by this First World War propaganda. that's how successful it is and anyway so gobbles he was a great admirer of that and so it may well be that that's where he copied this um but that's where the japanese got it from they got it from the german system and this is how today many central banks do it you know not just uh in these countries but uh in other countries because it's a form of self-censorship then journalists essentially given these incentives that if you play ball you know it's good for your career and you get all these nice uh invitations and other benefits um whereas if you then actually critical well you don't get any of that and it's not so good for your career um of course central banks have used other ways and means they want to be very close to particular important publications The Financial Times has traditionally been very close to some banking dynasties that are said to be very influential in the Bank of England. And today, the Japanese daily financial newspaper, the Nikkei, the Nihon Keise Shimbun, short Nikkei, that's always been very pro-Bank of Japan. and the press club system was used because the Nikkei is staff-owned, but somehow you can imagine the press club members, the Nikkei members of the Bank of Japan press club became the most powerful journalists inside the Nikkei. And today they're all in the Financial Times. So these are the mechanisms. Of course, the straight-out agents also abound, and I encountered quite a few of those, whether it's a U.S. newspaper in Japan or the various British media outlets. So that's definitely a mechanism, and that explains why we read so little about central banks, what they're really doing and certainly we would barely ever see anything critical of central banks when the 2008 crisis happened and many people understand that yes that was a big shock and it you know had many severe negative consequences um but we only read in the newspapers how the banks not the central banks just the ordinary banks the the big banks were the bad guys and that's it

as if you know they were not following orders the banks have to do what they're told by the central bank right why is there being no journalist you know researching into how the central bank has been actually responsible for and that's just one example the 2008 try to get to the people behind

it right so that's the problem you can't even get to so people think that central banks are somehow part of the government they are not though they are private like they are a hybrid of a

private entity in most countries when central banks were created they were fully private privately owned and of course that was in a way quite obvious then that well these are particular people's interests you know very rich people would own central banks so that was too obvious so in some countries in quite a few countries they introduced certainly the impression that they've been nationalized now whether they've been fully really nationalized is another issue but as officially the bank of england is nationalized although the ownership status is somewhat dubious let's put it that way with shares being nominee shares where the ultimate beneficiary owner is not visible which also seems a very strange construct But in other countries, when there's a new central bank nowadays, they usually do not create a central bank as a privately owned institution anymore because it's just too obvious. But as long as you control the staffing, you are very much in charge of what's going on. Federal Reserve is, of course, 100% privately owned. The 12 Federal Reserve banks are privately owned. And the share register is secret. It's never been published of any of them. Of course, the Federal Reserve Bank of New York is really the important one that we would like to know. But that's being kept secret. Sorry, you were saying?

Yeah, just first, can you explain the relationships of Fed and central banks? No one knows who's behind Fed. Why is the New York Fed so important?

and then who who do you think is behind it is it even american okay um so of course the fed that's just the u.s name for the central bank in america the federal reserve bank well it's a system they call it the um the well they also established a so-called board a board of governors um in washington you have that and then you have the 12 federal reserve banks and so um the fed chief and we've we've got a new one um in washington um is the chairman of the board of governors of the federal reserve system that's the official name but the the real important monetary policy almost is almost entirely done by the federal reserve bank of new york the board in Washington is a bit of a PR operation and they said interest rates but as I normally grow both positively whereas we always told Oh central central banks focus on setting interest rates because interest rates are negatively related to growth lower rates lead to higher growth and they lead growth they're ahead of growth that's what we're told was not true it's not true there's a paper called reconsidering monetary policy in the journal of it's called ecological economics it's an economics journal where I show that it's you know there's a detailed empirical study on major industrialized economies where it's clear interest rates positively correlated to economic growth and in terms of timing economic growth happens first and then rates follow so higher growth leads to higher rates lower growth leads to lower rates which shows that the official story of how central banks operate can't be true they don't work through interest rates so that's that's how they do it so the the board in washington that says interest rates is a pr board and that's why they support this pr story that oh we run the economy through interest rates and you know here it here it is shows the power of central banks so how is monetary policy really run it's it's it's done by the quantity of operations and different types of operations but all that is done and decided in new york at the federal bank of new york um well the federal reserve bank of new york um was you know was of course um founded when the fed after the Fed law was passed, and the law was passed in 1913 in a very strange way, basically quite secretly, you know, just before Christmas, when very few people even realized there is a vote that was called, and most people were already away on Christmas,

so you had no opposition, because historically, the U.S. and U.S. politicians have been very much against central planning and having a central planner run money and and banking and the economy right so but they pushed it through having planned everything and and designed this law and you mentioned earlier jekyll island and we have to mention this legendary book by g edward griffin the creature from jekyll island which where which describes is very well i always mean to mention him in in my tucker carlson interviews and it's always you you know get carried away with other topics and second time already i forgot to mention him i credit him because you know it's a really good book and he's done very important work with this um so it's a good opportunity to do that so he he writes about you know the groups of people who were behind this and as you said actually earlier on some of them were not even Americans so that's kind of odd.

Jekyll Island is such a weird situation because you remember the fight Roquefort.

and um jp morgan had do you remember this vicious fight they had actually i'm not so familiar with this fight i know the outcome so what happened is rockefeller and morgan were fighting each other these two huge like you know people in america and morgan called rockefeller a parasite he said you you're a parasite because morgan wanted a dominant american empire and rockefeller wanted the globalist empire so the world empire rockefeller was the globalist morgan was more nationalist so they couldn't align and this is where rockefeller send a spy now i say spy was not an official operation but this guy was working for the rockefeller as a as an intern from skull and bones people like skull and bones crew so um he goes to morgan industries and starts as a young lawyer and very soon he advances in the ranks and when older morgan dies he becomes the biggest trustee and a friend of young morgan okay so his son morgan's son trusts him so much that he runs the bank he the son doesn't so it was Davidson who was running the bank and he was at that meeting in Jekyll Island guess what Morgan's son was not attending the meeting it was Davidson representing the Morgans and I was like who the heck is this Davidson and then we go into all this Prescott Bush and all these globalists and I was like how did this guy end up here and how he ended up here is that when old Morgan died, he was running the Morgan empire and he merged Morgan empire under Rockefeller's, you know, entire week. So what Rockefeller did eventually, he just ate Morgan's legacy. So in reality, they are great at infiltration. That's what they did. They infiltrated Morgan's legacy and empire and they made it theirs. That's what happened.

I suspect this was facilitated by the fact that Morgan himself may have been more or less, you know, a representative of a British-based financial dynasty.

Yes, for sure.

And therefore didn't have as much control over things as it looks like, as officially made out to be. So in other words, he never really probably had this full legacy because it was, you know, the bankers in the background that picked him. We know that the Rothschild Bank had always tried to get a foothold in America. But each time the Rothschild agents were recognized as who they were. And Americans, you know, early Americans were very good and they did not want Rothschild banking and all the founding fathers of the United States were, you know, whether it's Jefferson or others, you know, they're very much against that and saying this is really dangerous. And so, you know, there was this, what was his name? You know, there was various people that were sent by Rothschild, and then people realized, oh, you just worked for the Rothschild, and then they had no more chance to do anything. So the Rothschilds realized we need to have somebody who doesn't, you know, who they can't so easily connect to us. True. But if you check the history of J.P. Morgan, you know, there seems to be a connection to London and so on.

And so does with Rockefeller. Yeah, both of them do.

And now, having said that, what about other people at this Jekyll Island meeting? Well, there were some people there who were literally quite obviously foreign. They could barely speak English, certainly only with a very, very strong accent, and I'm particularly referring now to somebody called Paul Warburg, Paul Warburg.

Paul Warburg, yes.

He was a German citizen until 1911. He moved to the U.S., and he was at the Jekyll Island meeting. And, of course, he was one of the key guys, again, sent by the European banking dynasties. And so, yeah, it's definitely a network of these people. They knew, okay, we shouldn't call it the central bank. It becomes too obvious that we're implementing the Karl Marxist Communist Manifesto. right which by the way was also written in london uh where else would you write the communist manifesto um and so um so yes we can't call it a central bank let's call it uh well federal because then it sounds more sort of decentralized right um and let's let's not call it even a bank let's call it the reserve, so it already sounds like something very different.

and so yes it's good marketing and so of course the the constitution of the Federal Reserve is such that you have these 12 so-called reserve banks but the really important one is only the New York one and the rules are that the banks in the in the various respective 12 so-called districts but reserve district they should own their reserve bank which means that of course the federal reserve bank of new york is owned by the wall street banks but having said that that's the rule um if they follow the rule um why then don't they publish the shareholder register because uh you know if it's just the the manhattan uh well at that time you know um banks that own the federal reserve bank of new york then it shouldn't be a big deal right but it's never been published so a lot of people suspect that there is actually foreign ownership either directly the bank of england which was 100 privately owned at the time or another european bank or several represented and that's what they don't want to show right now they want to disprove this well please why don't you find um not that long ago but you know sort of 10 years ago for the first time published the original founding shareholder register from 1694 uh do we really have to wait 300 years for the fed for the reserve bank of new york share register to be published hopefully not So, yes, we see these banking dynasties. And, of course, it's not surprising. I mean, that's really what you have to expect once you know the history of banking. Banking was illegal. It was illegal for two reasons. Number one, they charged interest at a time when charging interest was illegal. and you know that it was illegal in entire Europe until something like 350 400 years ago and so they had to keep it secret and the borrowers were like okay we'll keep it secret we'll pay you interest but let's keep it secret because we want the money we want the loan so there was a mutual interest in keeping it secret but secondly the banks didn't want people to figure out how they operate that they're actually just creating the money for the loan newly and therefore of course they become very quickly very very powerful and that was the other reason why they wanted secrecy and if you look at into this mechanism as i do in my work then you you do notice that it's still not entirely legal because it's this accounting trick that is hidden by the double entry accounting but is still something that is because it's a physical

impossibility that this this money suddenly comes about out of nothing it is a form of accounting fraud now having said that of course banking the decentralized type where you've got many many small banks can be and should be a force for good but the bankers again don't really like that because once people find out how banks work they think it's it's dangerous for us for the public to have this knowledge because we may then end up saying hey let's have banks for ordinary people let's have banks that are good for the local community that help small firms help you know just families um of course that's exactly what we should be doing that's what i've been doing you know i've been working as a bank activist trying to help small banks local banks establish new small banks, local banks. And I'm still working on this, working on establishing a bank in Europe, in Switzerland, and helping other small banks stay independent because the central planners want to force them to merge, to reduce the number of banks. That, of course, makes the remaining banks very valuable. So, you know, it is an attractive proposition, but also it's important for the economy and for I think for economic democracy to have a decentralized structure so that means many banks we should what I'm also arguing and and try to get policymakers to listen to is that we should deregulate the whole process of authorizing and establishing new banks at the moment the regulators make it extremely hard quite unnecessarily so because they don't want new banks that's essentially what showing with their you know the attitude of making this very difficult multi-year process instead there should just be a checklist these are the things that you need to show and have in place and you should be able to to hire an accounting firm.

auditing firm to independently verify that it's in place and then you should be able to go to a public office and register your bank and there it is of course that may include capital minimum capital i think it should be lower than what's currently is in most countries but you know some amount is fair enough but it should be reduced from current figures and then we could have many many banks and you know when there were these periods also in the u.s of what's called free banking where it was quite easy to establish a bank that was a massive economic boom right and and you know more banks means more growth all the countries that had high economic growth we're talking about double digit economic growth if you go back to this time period they had many many banks that was true in britain and scotland they used to have thousands of banks and now they have basically five banks in Britain dominating banking. So growth has gone down as they concentrate the banking system. America in its high growth phase as an emerging economy, end of the 19th century, thousands and thousands of banks. We're talking about more than 20,000 banks, 30,000 banks. Germany 100 years ago used to have 20,000 banks. And that's always very, very good for the economy these people are crazy small firms and for productive business investment i should add because nowadays they turn banking into you know into into casino activities by funding speculation and that's not what we're talking about and laundering money casinos for laundering money

like just just come to vegas like you'll be shocked but yeah it's um no i mean you're right and i think no one argues anymore what used to be a conspiracy theory now it's like a mainstream theory already because they just can't deny it you know you said back in the day people could identify these secret societies they banned them like what was it 14 times in europe they got banned 14 times because people were smart with this you know little cockroaches they they could identify them fight them but somehow somewhere in history we lost it like somewhere in history they tricked us into this and now all of them are sitting in the high places we cannot get rid of them so before i ask you what the solutions are with the fed and if it could be even dismantled what i want to ask you is bricks so when russia moved away from all of this um putin said something very interesting he said now we are free he came out and said you know now in a way russia is free and we don't have to play their game anymore. Now, whether he's completely free or not, that's another question, because he's still in this international trade. He just cannot sever everything. But he started this BRICS boost. Without Russia, BRICS would not happen. Yes, China is a big player, but without Russia, there would be no BRICS. Does that have any future? Can he pull it off? Can he get off from this parasite like can he liberate himself what do you think well the potential is

there and the hope is there the logic seems quite convincing in many ways he got lots of help from america and the european vassals under u.s control the eu because of the sanctions that essentially forced russia to change its economy i published an article in 2015 about the 2014 sanctions that when the sanctions started because russia said okay if the if ukraine is now you know breaking out into civil war and they're bombing their own people namely the russian ethnic russian speaking ukrainians getting bombed by kiev then um and if they if they are now discriminating against russian speakers we've got to be careful we've got to secure our military base our naval base on the crimea peninsula which has always been uh russian you know quite an important strategic base and so they then held a referendum on the crimean peninsula and there has always been russian

speakers so they were you know overwhelmingly russian it was globalist khrushchev that woke up one day and decided well i'm going to give you know the premier to ukrainians excuse me someone woke up and gave london to france exactly exactly so but so when russia then

um incorporates its uh crimea into into russia as a federal russian republic

Of course, all help broke loose in the West, and they imposed these sanctions. And they, of course, didn't talk about their push, the regime change operation by the CIA in 2014 that preceded this, and where they deposed the democratically elected president just because he was friendly with Russia, which shouldn't be a surprise because Ukrainians and Russians have always been in history very friendly towards each other. So it was, of course, all started by the CIA, the British Secret Service as well, and Western NATO interests. But they imposed these sanctions, and because they were the first set of sanctions, it was quite dramatic. Particularly Germany and European countries were forced to have these sanctions, while America still didn't have any sanctions on Russia. And of course, immediately, German companies were not allowed to do business with Russia, and the American companies took that business. So this is how the U.S. treats its allies and vassals. now i wrote an article at that time about the consequences of these sanctions and my conclusion was and you can still find it online um that project syndicate and then was actually published in quite a lot of newspapers that i expect that the russian economy will be significantly strengthened by this because it will be forced to impose and develop import substitution where they don't rely so much on high value added foreign goods anymore but they're producing more themselves and they have to therefore domestically upgrade to higher value added activity before it was just it was just energy raw materials essentially and and then the military sector was more advanced but otherwise there was not that much in between right um some extent of course but you know not as much as there could have been and that has changed significantly since and we've seen russia flourish i mean at the time western economists and also the journalists the u.s journalists editing this they were like wow with this this article surely is totally wrong do you really want to embarrass yourself by writing how russia will benefit from these sanctions Well, Russia has been growing rapidly and has been for years now among the fastest growing European economies and currently is by far the fastest growing economy in Europe and of course has been thriving. So in many ways, the West has triggered what's been going on with the BRICS. The other important trigger, again connected to these sanctions, is once you impound people's money that's parked in London, in America, in Western financial centers, then of course the whole world

will have second thoughts about putting their money there. You can't trust the money anymore there.

because the money could get frozen frozen is a generous way to put it like they are thieves they've been stealing other people's goods money everything it's like if i was a president of an independent country i would not trust the west i would be like you know what you're thieves how how can i ever trust you after what we've seen not just with russia russia is not the only case where they've done it like they do it to everybody like wasn't it um didn't they do the same to

iran yeah it started much earlier in the 70s already with iran iran has been heavily sanctioned for many decades um and other countries there's other countries as well yeah they stole billions

from libya and then in jeffrey epstein's emails jeffrey was talking about oh what if we locate this money and use it what you know it's in his emails it's crazy this is how this cabal works they are thieves they are they're horrible people yeah so i agree with you with with russia the economy is right now thriving it's going going well but how long they can sustain it do you do you see it you know becoming a thing for them and actually becoming stronger and stronger or do you think that it's going to get stagnant at some point no i mean russia is doing really well

actually recently visited and moscow is such a modern city it's astonishing of course they're doing a lot of trade with china and it shows they've got a lot of chinese evs electric cars and you've got it's almost not quite like shanghai but you know you have lots of these big screens all over the place all over the city um so it is quite high tech actually um

you see how you know all these countries the brics countries trading with each other benefit from that so i don't see a reason why that should slow um of course being western european somehow you would hope that russia would not give up on the west but it's forced to essentially forget about the west and it's now increasingly hard wiring its trade relationships with bad news for western europe of course it's totally self-inflicted by the western europeans um and you can't complain in the russians they have to look after the russian economy and they're doing the right thing um so i think it will go from strength to strength the bricks will continue to integrate economically um the next question then is actually um well will they integrate so much that they will become part of a new world order where you know that's just another way of uniting those countries while in the west they're getting united then you just need a war between the two blocks and you have your world government that is of course unfortunately a risk and that is one of the scenarios one has to keep in mind because even in the BRICS countries, you do see the central banks, the central planners doing their usual tricks. Also in Russia, somewhat dubious. The central bank somehow seems partly under foreign control. The current governor who's been governor of the central bank for quite a while is an IMF person, Russian bird IMF. And I know that a significant proportion of the central bank staff essentially implement imf type programs there are other economists and experts at the central bank that want to be a bit more alternative because the imf faction is dominant somehow dominated central bank um and um so therefore there is there is a suspicion that really behind the scenes it's actually it's not entirely dissimilar to what's happening in a different way of course but we see the creation of this alternative network of countries not therefore entirely on their own terms but potentially just again fulfilling a plot written elsewhere perhaps in the city of

london who knows individually british people especially english are my favorite individually individually i have to underline that a lot because i'm i always say this i think it's the the the head of the monster it is the most evil place on earth so it just doesn't i can't explain richard how is it that individually my best friend is in english so um how is it that every guest i have they are so incredible so smart um you know in the right place on the right side and yet their homeland is taken over by demons to the point where i actually advocate russia if it gets to that hopefully never but if it gets to that i always advocate like nuke england first because i i don't see who else can you nuke to for for you to stop this you know because they are the ahead of everything like they it comes from there and europe is just a little puppet it does exactly what england wants and if you look in behind the institutions in the us it's always someone that's from either military from britain or mi6 or something it's like what's going on here how is it that these brilliant people produce this evil i just don't understand well and um i'll tell you

in a moment but that's the reason why uh we you know i'm hoping they will that russia will not nuke britain because ordinary people as you say you know are fine but they were you know they're also foreign occupied you see it's foreign occupied by a foreign country called the city of london corporation which is a sovereign state which itself is demonstrated by the fact that the king the sovereign of the United Kingdom is not allowed to enter without the mission because it's a sovereign state and this sovereign state you're talking about demons well it has two demons as its mascot Gog and Magog you know they do the annual parade they have the dragon as their um as their sort of figurehead and they have enormous power over britain but not the other way around for example parliament um you know supposed to be a democratic representation of the people on the basis of elections, but the City of London has an unelected person in Parliament whose job is to watch all proceedings, lower house, upper house, all the committees, and make sure that nothing happens that's against the interests of the City of London Corporation. The job title is the remembrancer who makes everyone remember to do what the city of London wants and what's the city of London is that democratically elected no the city of London has elections but who gets to vote well the companies that are based in the city of London get to vote except the vote no well the biggest companies are the bank so the companies get to vote and the vote is magnified by the number of employees and because the banks headquartered there have the largest number of employees they have the biggest vote and they dominate the city of london corporation so we're back to banks and of course the key bank inside the city of london corporation is the one that was first founded the first incorporated bank

um the bank of england wow wow you know you talk to the best historians best journalists and i've spoken to many and you talk to people like you best economists out there jeffrey sacks and all of them go to this thing that was absolutely unthinkable 10 years ago maybe even more they end up with demons they all end up with these people are demons and there's no other word for it honestly like you go back to you said gog magog yes yes that's it well that's

i was quoting the official you know if you go on the website um city of london corporation right yeah gog and my gog you know why would it be the official mascot right that's the thing

so because these people are demonic and they just want i guess their agenda is to destroy the world now fine final question on this so you know what's going on then we have of course bank of vatican and all this stuff um and it's very similar vatican is very similar in a way to city of london i think city of london is worse than vatican in many ways but then you have washington dc it's almost like they have their centers like that operate exactly alike so with with minor differences so how how do we fight do we fight civil wars like occasion like by location or

what do we do actually g edward griffin had a message recently which i retweeted or somebody quoted him and i retweeted this um on this point so um namely we must not be defeatist we are the majority they are a minority we do need to wake people up we We are informing people. We have to tell everyone. And when people are more informed and more people are informed, we can change things. They want us to believe, oh, it's too late. There's nothing we can do. There's two tricks they're playing to prevent us from seizing the sovereignty that we have. And the first trick is, oh, it's too late. These guys are so powerful. There's nothing we can do. That's not true. But they want us to believe that. So don't believe it. And, of course, additionally, you know, when you're fighting demons, as Christians, we don't have to be afraid. We can drive out demons. We can drive out Satan himself in the name of Jesus. So, you know, that's the truth. So that's the first trick they're playing. Oh, we can't do anything that's so powerful. It's a lie. and the fear is also part of that lie secondly the other trick they're playing is the opposite it's quite clever they they've got these operations going on uh one is is q anon they launch information on social media to the effect that hey listen i just heard there's some the good guys you know there's this and this guy he's a really good guy um or even jfk junior is still alive and he's working really hard and they're arresting all the bad guys just now they've arrested 10 000 of the bad guys you know and they say this they've been saying this for 20 years this operation is quite a long-standing operation and a lot of people i mean i've encountered people i've met people who listen to this and believe it and say oh don't worry Richard, you know, the good guys actually making

much more progress than you think so and of course the trick is it's already taken care of you can sit back and relax so it's either sit back because there's nothing you can do or sit back because the good guys are winning they're using both of these tricks it's neither of these we are the middle the truth is the truth is we have to seize our destiny and we have to act and we have to show a spine and stand up and peacefully demand accountability and we need to demand you know a whole lot of things from our governments i mean it's extraordinary what we let governments get away with in the in recent decades yes yes in every country everyone should demand high economic growth 12 growth let's say it can be done they just don't want it because then people get too well too many people entrepreneurs will do really well and they have their own opinions they want us not doing well they want us to struggle they want us to barely get by doing three four jobs at the same time in one family or more just to you know get by so we have no time to actually think about what's going on that's why they don't allow the high growth in fact they've reduced economic growth lower and lower and lower artificially. We can see that. That's what the central banks have been doing. They've been reducing economic growth. They reduced the number of banks. That's one mechanism. They just reduced the quantity of credit. They divert credit for the real economy, for productive business investment into credit for asset speculation, credit for property, real estate. And then productive businesses and the productive economy doesn't get the money anymore and growth goes down that's what they've been doing because they want us to struggle so we need to demand high growth it can be done i mean so many countries have demonstrated it china has run almost 15 growth for 40 years and you can't say oh but that's china is very different well no china was very different 40 years ago and nobody was forecasting that and the leader then then Deng Xiaoping decided, no, we're going to now create prosperity. And he went to Japan and asked the Japanese, how do you do it? You had two and a half decades of double-digit growth. What's the trick? And they told him, you need many, many banks, small banks, local banks, lending to small firms. Then you get job creation. Most people work for small firms in every country in the world, but small firms only do well when you've got small banks because big banks won't lend to them. Right. So that's really the trick. And with that, we can have high growth everywhere. 12% economic growth is possible everywhere. You know, all these wars, that's, of course, all these campaigns they're running,

whether it's COVID and other campaigns injecting people with stuff and, oh, fertility is dropping. How could that be? Well, they've been hard to achieve that. So they're running a whole lot of psyops on us. We need to break free from that and demand the abundance and prosperity that we can have and we deserve. People are working hard. Why aren't the central planners not allowing it? So that's what's necessary. You need to realize this, spread the word, and have everyone speak out on this. And if we do that, we can change things. it will happen absolutely that was amazing well we can then also we can also take our we now have a lag it seems um just to add this to also complete this whole um the the question you asked in the beginning and we can apply this also to the central planners and we can um we can look at their excessive power we need to take it away they're too powerful um and there's a there's a a number of things we can do reduce their power make them actually very accountable but also we can just abolish central banks because we don't need central banks they don't serve the function they claim to serve they serve a different function to manipulate us and subjugate us through their boom bust cycles and crises which are artificially engineered so it's better not to have a central bank to have such central banks and so yes all that is possible we don't need a central bank we don't need the central planners if we have many many small banks then the economy will run quite smoothly anyway without a central bank in the central bank america did very well without the fed for for centuries so i hope so and please tell my audience i really want them to dive into your work and actually study this stuff Thank you. themselves i know many of them don't understand banking but where should they start to even get a

you know grasp of what's happening thank you well um i do write um reports um on substack it's r werner so my first name the first in the first uh character r and then werner together rwerner.substack.com that's nine dollars i think per month and so these are write-ups of events and analysis also new you know research published but for the general interested reader secondly of my book princes of the yen is essentially for a general audience that's interested in these topics and everything is explained there not just of course you know i wrote this based uh in japan and on my japan experience but there's chapters on other countries because it's a good way to to see what's going on and and sadly it's internationally applicable and there's a chapter there on the ecb and and what it's done the asian crisis and so on it's always the same game they're playing it's just that in the japanese context it was very um very clear to identify this and and thirdly dr richard werner these are all my three accounts um on x so please follow me and engage with me um and um the book prince of the yen puts puts a lot together also there's a website called professor werner.org yes so my academic papers you see on the website professorwerner.org you know including the empirical tests of how banks actually work and and other work how a link bank credit with the economy and so on key papers on

that website and also some other material amazing well thank you so much richard hope to have you again one in the future thank you and everyone links will be down below to get to know richard's work. I highly advise it.