Professor Richard Werner: Today's Sources of Money Creation

Tadhg Gaelach

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Professor Werner coined the term "Quantitative Easing" when he worked at the Japanese Central Bank in the late 1980s. He was suggesting that the bank should do it at the time - but in a much more healthy way than it gets done now. He is also author of the best selling book "Princes of the Yen," which details how the Japanese financial crisis of the 1980s was intentionally caused by the Bank of Japan for the purpose of overthrowing the "National Socialist" economy that had been such a huge success for Japan since WW2. The USA had demanded that free market Capitalism should take its place. Japan has never really recovered from that disaster. I've always found Prof. Werner to be one of the best economists in the world today.


 

Tadhg Gaelach

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This is a shocking but riveting documentary based on Prof. Werner's book.

 

Youngdan

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I will watch these presently but the report on the ground here is that money velocity has seized up. I feel that deflation is what is here at the moment, as in money supply contracting. Now granted prices at the moment are rising, that is getting more unaffordable, because wages are not rising
 
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