Actually the law is much worse.

I didn't realize the law was a field in economics.

Yeah I was going to say law as well. In fact business in general. Profit is made off what people don't know. Oh you're buying at 10%, and marking up 90%...

Too true.

Perfect 👌

When i read this comment i looked and he was shaking his head in affirmation. I fell out laughing😂😂😂

I could be wrong, but it seems as if he has been edited out most of the time.

Great comment

fynes leigh - Calm down and take your meds silly. It’s only peoples opinions, you shouldn’t wish for their lives to end, that’s just wrong.

fynes leigh I’ll leave you to argue with yourself 😊

Check out Reclaim your securities on KZfaq with host Adam

He's, the bankers friend he's in favour of the debt based system

He's a shill for the bankers

Check out the money masters rise of the bankers. It's on yt.

Actually the federal reserve, bank of england, bank of Japan, ECB and all this super big central banks knew exactly what is going on. It is definitely their agenda to work on behalf of big business and not the SME's. If you read 'Princes of the Yen" by Richard Werner. He perfectly explains how the Bank of Japan knew before hand that their decisions are going to cause a market bubble burst. Bare in mind that these BOJ governor are all closely related to the US as they had previously served as the US ambassadors. In my opinion they were following instructions from the US. Before the end of the Soviet Union they needed Japan to be strong in order to fight communism. But once the soviet union is dead and China has dropped this hold closed economy idea. They ditched Japan.

12 U.S. Code § 411 "....The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal reserve bank."

Some say that all Central banks are interlocked, the Bank of England was created when we lost the Battle of Beechy head to rebuild the navy and funded from Italy the popes banking family at the time, the shares and stocks are owned by family's all around Europe, in many books ive read with bits on this some are right some are wrong but a picture comes to light, Swiss bank is still on Gold standard is this true ? and is it the Apex as Antony Sutton said.

i would wager corbyn will have a go of it. Just vote for whoever the right wing media and business groups are trashing and you'll be alright.

Moxon why do you think Trump gets it? My impression from outside is that he is not only a friend to rich and powerful but one of them. His key policies have been things like tax cuts for wealthy and corporations (including, even primarily banks), and reducing things like environmental regulations (again reduction of costs for corporations which people will later have to pay to clean up). Trump is also in debt to Deutsche Bank for hundreds of millions of dollars, so I doubt you will see him cracking down on banks, promoting decentralisation, etc. If you want this kind of thing I'd say you'd be better of voting for someone like Sanders, right?

Africans are just so far behind on finance. True

Agreed.

Nah. I think it show limited insights.

@@crispinswainstonharrison9042 well enlighten us wise one

Astoundingly informative Prof Richard Werner should, if there is any shred of truth an justice, be the next governor of th Bank of England. We have had a Canadian lets have a German. Sadly truth and justice do not exist in banking or politics. We can hope and pray. Thank you for a Rosetta

​@fynes leigh I would suggest, if you did not already, to watch: kzfaq.info/get/bejne/pptxlpqS1cWxcY0.html and see where Prof. Richard Werner got his experience and first-person knowledge and what he is talking about. It is not a theory; he saw that already happened elsewhere. Then maybe this if you can spare the time: kzfaq.info/get/bejne/jsl3m5R1yt6YiaM.html

Claudio D'Eugenio- if you’ve got a moment, can you explain to me where else you can borrow from if not the banks? I didn’t understand that part

@@liammorgans7329 Endowments, Pensions, Family Offices, etc... However, I actually do wonder if what he's saying is possible.

kzfaq.info/get/bejne/e6lgepqhvprbgnk.html The most important info in this video, saved for the end. And this too. kzfaq.info/get/bejne/gth_lb2QrcC-hZc.html

Effectively it's gonna come from banks, banks will just loan it to the entity that supposed to borrow the financial market

The rootless cosmopolitans who have no affinity to land and country. They are just locusts.

The whole implications of this legal anomaly is not clear. Surely the City of London as an international financial capital of the world was created from the success of the British Army, Royal Navy and Royal Air Force in creating the British empire. Those instruments of force and violence are part of the British state.? As Churchill said in 1914, just prior to WWI: “We have got all we want in territory, and our claim to be left in unmolested enjoyment of vast and splendid possessions, mainly acquired by violence, largely maintained by force, often seems less reasonable to others than to us.” (Cited in Paul Kennedy, The Rise of Anglo-German Antagonism (London: The Ashfield Press, 1987), p. 467) [Quoted in World Socialist Web Site: "War and Revolution: 1914-1917" (10 April 2017)]

There is no finance in the UK

@fynes leigh Youre seething

@fynes leigh , Werner has been studying the banking system in Japan, Asia, U.S., and Europe. He know what he's talking about. What are your credentials, and knowledge to be disputing the traceable facts? Why don't you watch this, and learn: kzfaq.info/get/bejne/pptxlpqS1cWxcY0.html

Am I missing something here?? Why aren't bankers put in jail for creating money out of thin air. It's why we have the mother of all crisis climate change. This is the reason why: by creating fictional money to buy natural resources to turn into bullshit useless stuff that drive economic growth that's killing the planet.

@@nazeerahmedsonday5071 You know how they say, a person is only a criminal if caught. It's something like that. They have created a bubble so big, a pyramid scheme of epic proportions that it could last for your lifetime before it bursts. So, people just go along with it and get their share of 2-8% interests of their money. Would you rather keep your money at home for a decade and have it deprecate or put money somewhere that doubles?

Same. I'm back again.

@@saltiplumz2103 😁This is creepy! was just thinking about this video yesterday and your comment shows up!

Me too. Third time back. Reading his book, where does money come from ?

Sure it works. We "work" it everyday. And when people figure out how it works they then work it to their own benefit. I think it's ultimately bankrupt because it takes more than regulations and "mechanisms" to administer something of benefit to human beings. It takes the inclusion of human beings and all of the considerations that human beings need. If people are administering a system without those considerations, I believe it will fail them. I believe the Western system is awesome and magnificent when administered wisely. But, the system doesn't work by itself. People work it, but if people put their hopes in the system. itself, and not in the humanity of each other, what they call the system will fail them. Even more, when they integrate their greed and selfishness into that system it will ultimately fail them.

You exemplify my point.

The banker on the right is putting on a show. He already knows these things and he knows very well they shouldn't be widely known so he acts like it's all new to him. This type of fake ignorance is rampant in banking.

That's why it's called the "American Dream" because you got to be asleep to believe it

You need war To transfer the worth into weapons And Extract back resource as an exchange Of value

I am a student of one of his students, they are truly brilliant.

Actually no. Because the banks will retaliate and would not hesitate to burn a country for money.

@@AndrewManook George Tait Edwards?

William Roberts I agree. There's also a great documentary based on Princes of the Yen available free on KZfaq.

Thanks

Thanks.

anyone with a basic understanding of economics can tell this guys word salad doesnt really make any sense... England's economy skyrocketed in the 80s. people take out loans to start businesses. thats why the amount of money lent went up in his graph... To say that money lending went up therefore its bad is retarded

I watched the doc this week! it was amazing! Have to read the books !

Only since the "nixon shock", to "solve" the "oil crisis". There is also a fair point that using gold reserves means that the foundation of economic and political power is owned and controlled by the people who control the gold mines, who are not the nicest people in the 21st century globalised economy.

Heres why and what to do. Our world has 4 fundamental practices that are problematic. If we dont understand the causes of a problem we will address the symptoms or actors, not the causes. 1st Large private and Central banks have obtained the Exclusive franchise to create ALL new Currency as Debt, at interest. An increasing population needs an increase in currency, but it is ALL created as debt bearing interest. This indebts the whole world, every person, every government, in totally unpayable debts, enslaving us all to bankers through personal debt or ever increasing oppressive and unjust taxation, permits, licences, registrations, regulations, rates, duties, fees, fines, levies, surcharges, adinfinitum, of which an increasing volume goes straight to the debt creators, who created it for free. (At zero cost to themselves.) 2nd. Virtually no limitation plus fractional and recirculating fiat currency allows banks to effectively create massive new Currency volumes as DEBT, blowing massive bubbles (in housing/stocks) which devalues everyone's savings, work, pension by raising all prices. We call this inflation, but it's really devaluation. Shrinkflation adds to our reduction and desolation. The fix ? Go back to Sound Metalic Money and stop all banks and financial institutions loaning out more than they have on deposit, but further, DO NOT ALLOW ANYTHING BUT Metalic Money TO BE CALLED AN ASSET OR COLATERAL. Real Estate loans have been classified as collateral. That allows the bank to call the loan an asset, and sell it, or loan against it, which helps blow real estate bubbles. Return legal currency creation to national treasury departments with a zero Inflation policy. This will not create inflation like some bankers/economists would have you think. It is not WHO creates currency that drives the constant devaluation of your work & money, it is THE VOLUME per population/ productivity. The banks increased the base currency supply by over 65 % since March 2020 & 300% since 2008. This is multiplied as real estate bubbles lever up equity to back increased loans. You can't spend it off planet, and we've had no increase in population or productivity. How can it not devalue our savings, wages and retirement funds by a similar % as it enters the economy ? 3rd. Fiat currency whether paper OR DIGITAL has no intrinsic value, thus it cannot be used as a long term store of value, particularly in an ever expanding fiat system. In fact taxation and the 'legal' currency label attached to fiat creates artificial demand for fiat currency. The fix ? Return to Silver, Gold, Copper & Nickle currency, designated by weight, not cents/dollars. These will find their own local value. These can't be printed to oblivion, have intrinsic value, and are a safeguard against bankers counterfeit loans. Continue to keep the manufacture of Gold & Silver rounds by private mints & foundries to help keep the government mints honest as to premiums. Do not allow bankers and economists of the current system to con you into believing there isn't enough Metalic Money. You mix 1% gold, 99% copper or Nickle and you have Gold backed currency. Same with Silver & Nickle. Mint 10th ounce, 2 10ths, 5 10ths and 1 ounce. Or grams in similar fashion. Never give it a 'value number,' which is a lie. Give it its weight & purity, and let the market decide what it will buy. Call it 'slow money," like 'slow food.' It's slower for sure, but it's 10 times better for you. Probably necessary to nationalise mines & pay shareholders out in metals. We are aiming at a more just, more perfect union, and that requires we treat shareholders justly and make them whole while preserving a mining and exploration industry. So gently, thoughtfully, carefully on this one. 4th The 'world bank' and IMF are your friendly international arms of the Federal Reserve, who loan worthless US currency invented at zero cost to enslaved nations of people to purchase necessities, when their own commodities or worthless currency would do just as well. This ensures the indebtedness of nation's simply to survive. Correct these 4 Principles and >80 % of a nation's problems would disappear. Do not allow your masters the Debt slave creator's to tell you it can't be done. They are not seeking your best interests, but theirs. It is easily done. Beware. The FED, IMF, WEF wants you totally enslaved with Digital currency. Convert your garbage fiat currency into Gold and Silver or prepare for destruction. Come to think of it, you better prepare for destruction anyway. The bankers motto is : 'Preserve your Capital at all costs.' The bankers are buying Gold. We the people can afford Silver.

If only people knew / wait until people find out. That was totally Epic, and totally correct assessment of the situation and, why the Titanic was sunk. Such a shame your comment doesn't have 2.5 million views like Mr Beast

Right, so what would you replace it with?

Right, so what would you replace it with?

Oggy Oggy. Why don't YOU come up with an answer instead of someone else doing it for you? Are you that much of an idiot? You obviously have no idea about money etc. If you do some research, you may come up with a good idea. We could always go back to the Gold std where money is actually backed by a REAL asset, not thin air or taxpayers. It may not be perfect, but it is better than what there is now. It stops rampant greed for starters.

Oggy Oggy The replacement has been right in front of your eyes for about 9 years now.

u just need to reduce regulation on banks and stop the bailing out system, let big banks fail and make it easier to open banks treat it like what it is a business

'wrong' meaning you don't like it, what else?

Seems like I have to explain what wrong means. Examples- 70% of M&A destroys shareholder value, mostly driven by banks and other financial institutions. The grotesque amounts handed out in QE to " rebuild their balance sheets" Why? Only one minnow jailed for for malfeasance in the UK. Even the Americans did more. Libor. The revolving door of CEOs and their chums voting each other ever more absurd " remuneration" where in the case of say Persimmon or Thomas Cook or TSB their performance is dismal. Overall what's happened is that risk- the reason why banks exist- has been transferred to us- the outsiders. Meanwhile the banks have a blank cheque- issued by them. Why objectively wrong? Because it erodes the trust that we all have to have to operate a decent society. Otherwise go and live in a cave in Scotland with lots of guns and MREs. But make sure that you've got more guns than anyone else because sooner or later you'll be the victim not the victor. And the other reason- because if you have any moral compass at all you'll recognise what wrong is. As that nice Mr Stalin said when his policies caused the deaths of millions of Russians. " You cannot make omelettes without breaking eggs". His interlocutor replied " I can only see eggshells, Comrade Stalin". Naturally he was shot shortly afterwards.

i thought your icon was a bitcoin

@@billtaylor2050 Another Stalin quote you might enjoy: He was asked "When will you stop having people killed?" His answer was "When it is no longer necessary".

Tarja Lauraeus

anyone with a basic understanding of economics can tell this guys word salad doesnt really make any sense... England's economy skyrocketed in the 80s. people take out loans to start businesses. thats why the amount of money lent went up in his graph... To say that money lending went up therefore its bad is retarded

Where are the companies that were founded? There are hardly any small and medium-sized companies in England. In Germany, the small and medium-sized companies are the backbone of the economy, creating many jobs. In England the loans went into real estate speculation (see real estate prices in Londen) and the speculation with assets. This speculation initially generates an economic boom, but when the financial bubble bursts the banks are saved with taxpayers' money and social inequality increases sharply.

alex krasnic economic prosperity occurs as a result of an increase in lending/debt. not the other way around.

The best form of regulation is a free market

Still the best 5 years later

Only issue with your assessment is that he's German, not English. That might explain the respectful restraint. :)

Maybe not the “smartest”, but the most honest one! Big difference!

@@slobodanpesic2302 bravo sir, I stand corrected

If that were true, we would see even more flagrant wealth than we do.

the "city of london" is outside of london, which itself may be outside of the uk as well...but it is the banking district, called cityoflondon, R.W. was referring to .

@@freydenker6335 Yes. Here's how it works. Spoiler: Banks and corporations have the voting power, elected officials must be members of medievel guilds and the UK Parliament have no legal control over the City. Pure plutocracy www.theguardian.com/commentisfree/2011/oct/31/corporation-london-city-medieval

He is. You should read his "Princes of the Yen" book. Its brilliant and shocking.

fix I was going to read it but then I discovered his book cost hundreds. I can’t bring myself to spend that much on a book but I did see his amazing documentary. I didn’t get notified of your reply. I noticed it after rewatching this. I like to watch anything with him in it over and over.

he is NOT ... this is NOT how the banking system works at all ...it is way complicated than that ...banks do take money in deposits and do make loans with them ...they only keep 10 % as rezerves at the Central BANK ...the other money is loaned out ....money is created when money is loaned out that's called CREDIT... and 100 % money is DEBT today ...FED is private and loans out money to American govermement... around 95 % people around the world don't have a clue how banking works ...

Kiril Mihaylov Sorry, but you are the idiot. Did you not understand what he said? Courts have confirmed that deposits are loans to the bank & not a deposit. And it is how the banking system works. As for the Fed, they print Federal Reserve Notes, not US dollars. Look at one. They are not backed by anything. The Fed then charges the full dollar value even if it only costs 20 cents to print plus interest. When it comes to digital currency, one will find that it is not legal tender. Look it up. When you steal digital money from a bank, one is not charged with theft of money, just commiting computer/eletronic fraud. Please do your homework. You just make yourself look silly.

Wow !! This truly is eye opening. Why not make him Chancellor of Exchequer ? Not going to happen.... wonder why?

and here we are

Great dr. Werner...

then if you take "their" money you go to jail. which was never their money, to begin with since they didnt come up with the original loaned amount, they only had to start with 1%, which was actually just deposited by a group of people just like you and me!

indeed, then they lend only for purchases and programs that benefit their friends and their corporate interests. small business loans, especially to women and minorties are nearly impossible and so the rich continue to amass wealth through debt creation for everyone else

anyone with a basic understanding of economics can tell this guys word salad doesnt really make any sense... England's economy skyrocketed in the 80s. people take out loans to start businesses. thats why the amount of money lent went up in his graph... To say that money lending went up therefore its bad is retarded

The point werner has made repeatedly, economics; as economists understand it; is the actual problem. Yes. Lending went up for small businesses to be created. Gotchu. But the point isn't that. The point is what gives a bank a license to create money out of thin air...lending isn't bad, unless your muslim, then collecting interest is actually a sin. However, what makes the banking system illegitimate is it's ability to create money from nothing in our accounts when we go get a loan and then for us to say okay, let me pay you back for money you just created into my account (free money for them) plus some interest on top set by your best buds. Modern economics is the issue here...so to refute something by stating that a further understanding of it would create less ignorance...when I am saying the axioms and premise by which that very thing exists is ignorant.

EnergyFlowabundance the banks do not create money..... You dont know what your talking about. The federal reserve prints money not the banks...

well said

any intelligent person would conclude banking and economics is complete convoluted horse shit designed to confuse and enslave.

Errrr... there is nothing complex about what is being discussed, you must never read general news and especially not financial news

@@numbereight886 once you get it...true...

Masters in Engineering as well.!!

I am American and often moaned about our banking system. Well, apparently the U.K. has it worst than us😱

My pleasure. I always try to do what I can to share what I learn.

That’s great Alessandro! You might then be interested in this other video as well: kzfaq.info/get/bejne/bJhoa7yB09e0mHk.html 👍

He has no clue.

I invested in both stock and Cryptocurrency, but I see crypto doing more better and profitable to me

Yeah no doubt the crypto market has earned me a lot you just got to understand the market

I've got interest in investing but afraid of doing it on my own to avoid loss from my end

@@tomAlderweireld That's why you need the help of a professional who understand the market and how it works very well

@@tomAlderweireld I'll recommend you to my expert Mr Harry Webar of financial education, he has been my broker account handler for over three months now and its been of good experience and gain

Proof of WORK will outlast all.

Summondadrummin even more so when you realize who creates the securities

@fynes leigh The system has been embraced by the public because they have been brainwashed from an early age by the education system and the corporate media. University education is also part of neoliberal indoctrination.

Summondadrummin this is nothing new

@fynes leighIts not about doing away with numbers being used as money its about regulating and prioritizing how banks issue and allocate the publics money.

@@RobertMJohnsonWhat would be new is a significant minority knowing how it works and what can be done to regulate banks.

anyone with a basic understanding of economics can tell this guys word salad doesnt really make any sense... England's economy skyrocketed in the 80s. people take out loans to start businesses. thats why the amount of money lent went up in his graph... To say that money lending went up therefore its bad is retarded

alex krasnic that’s not what he said. He’s saying that when a few banks command a large percentage of deposits (loans) made by the public, banking monopolies arise and create inequality and instability. Loans are good if there is state/local accountability and they promote the common good. Loans are bad when they contribute to large scale speculation with the aim of making the rich even richer at the expense of the public. He is suggesting that countries need more locally accountable banks that reject that sort of financial activity.

Banking monopolies? the only banking monopolies are the banks controlled by the state..... aka having the state regulate banking for the purpose of accountability". When you give the state control, it creates a monopoly so advocating for state control of banks is the EXACT OPPOSITE way to get more banks to compete against each other. the point of loaning out money isnt to help the common good".... its to make a profit when the people pay back the loan with interst. thats how banks make money. Banks do not give out loans unless they are sure you will pay them back. The only financial activity banks should reject is losing money

alex krasnic You my friend are a troll. You either work for the banking system or an idiot who can't see reality when it is in your face. Are you being told the opposite by someone who says they 'know what they are talking about'? Intelligent people, please do not argue his strawman arguement. If David Buik gets it, then it has truth & credability. Alex is just playing everyone to put doubt into their minds. He's full of it. Have a nice day!

@BULL SCHEIST This is all starting to sound very anti-semitic. /s