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In the stuff most people don't know department, I’d like to bring to your attention this recent Tucker Carlson YouTube show: https://www.youtube.com/watch?v=StTKHskg5Tg . It’s an interview with economist Professor Richard Werner. What he has to say is eye opening. What Werner has discovered and proven challenges all the establishment claims about the way the economic system works. Basically, the public has been deliberately lied to for over 100 years.

You see, Werner discovered in the 1990s that ordinary banks (not just the government central banks) can create money (a process called credit creation), which is totally contrary to what most people have been led to believe by those in power. He explains how bank credit creation creates bubbles in real estate. That is the real reason real estate prices in the US are going through the roof, just like they did in Japan in the 80s and 90s before their crash.

Now there were other people in years past who discovered that all banks can create money, but those people never followed up on the discovery because, it seems, they were all co-opted by the establishment to keep them silent. Werner gives two powerful examples of that ... Maynard Keynes and Alan Greenspan. Both of them discovered bank credit creation then dismissed it once they were absorbed by the central bank establishment.

Now not only do all banks effectively create money, Werner discovered that there are distinct differences between banks creating money for asset purchases, consumer purchases, and productive business investment. The first two are bad. They invariably lead to inflation and higher prices … creating bubbles that eventually burst. Productive business investment, however, is good ... resulting in real growth of an economy.

In the course of all this, Werner has also discovered some other things. For example, interest rates do not impact growth the way the establishment claims. Another is that central banks can easily prevent bank credit caused recessions. He shows how and his approach has been successfully used several times in the past (he gives examples), but it's rather clear that, in general, the central banks chose not to prevent or end recessions. They use them instead.

And that is why it appears the establishment has tried to suppress what Werner discovered. That started when he published a book, titled in English "Princes Of The Yen", explaining his discovery and its implications. The book was published in Japan, only in Japanese, and became Japan's #1 best seller, even beating out Harry Potter. But soon after, he found his access to the media being curtailed, there and abroad. He relates that then got a visit from a State Department official who told him that the CIA is "watching him". Apparently, they'd read an illegal English translation of the book ... translated apparently by some agency in the US government. Then, later, when he tried to get the book published in America in English, every publisher declined, even the ones who said it was a great book. The reason was pressure from the establishment. He was told by some publishers that they'd been told his topic is dangerous.

You can see why the establishment might think that when in the interview, he describes how his modeling of credit creation explained exactly why Japan's economy went bust in the 1990s and then remained in recession for decades after that … two phenomena that had gone unexplained, why the 1920s crash in the US and Great Depression that followed occurred, and why the 2008 crash in the US occurred. In each case, he says the evidence shows the crashes were deliberate, engineered by central banks. That’s dangerous stuff coming from an economist with Werner’s credentials.

What he says we should be doing is pretty much the opposite of what the establishment (the central banks, the World Bank, the IMF) have been and are doing. For example, the central banks want to consolidate banking into fewer and fewer big banks, so their policies have led to the deliberate reduction of the number of local, smaller banks in country after country. He points out that the Federal Reserve in the US killed 10,000 banks in the 30s, another 15,000 in the post war period, and many more since, leading to fewer but bigger banks.

But big banks will mostly only lend to big businesses and that's not where most strong growth in economies occurs. Small business was and still is the backbone of growth. He notes that small businesses currently employ between 65-70% of US workers. It’s 80% or more in some countries. And I found that even today small business accounts for about 44% of the GDP. But during the high growth period of the 50s and 60s, US small businesses accounted for 50-60% of total GDP.

Werner points out that West Germany, which saw massive economic growth for decades has now stagnated. The reason he says is that it had MANY banks then and now it doesn’t … and this the result of Germany’s central bank policies. One source I found indicates there were 15,000 German banks in 1957, when the Deutsche Bundesbank (its central bank), was formed. Due to that central bank’s policies the number fell to 3600 by 1997, when the European Central Bank replaced it. By 2003, there were only 2500 banks left, and now there are less than 1400. And what was Germany’s average GDP growth rate in the 1950s? Grok told me 8%. What’s was the average GDP growth rate between 2000 to 2010? A shade over 1%. And now the average is close to zero. Werner says that’s not a coincidence.

He also notes that the IMF and World Bank have done much to impede growth in developing countries, and that was to make them dependent on us. In fact, he says in 80 years of them employing the establishment approach to economic development, not one country they’ve *helped* has gone from developing status to developed status. He notes that the only countries in the world which have …Japan, Korea, Singapore, Taiwan, and certain areas in Chinas did that by doing something different. For example, the leader of China, after Mao, said forget ideology, let’s do what works economically, then went to Japan to see how they had become developed. After he returned to China, China went from having ONE bank to having thousands of smaller, local banks, which is what created the money that stimulated their massive economic growth.

Now one last thing I’d like to note is that Richard Werner was a graduate of the London School of Economics which, as I’ve pointed out in past Ricochet posts, is an institution founded and run by Fabian Socialists to promote Fabian Socialism. So in my view, Werner was inside The Beast, so to speak. Somehow, he has managed to escape their influence enough to expose some of their secrets, but he still doesn’t mention Fabian Socialism in the interview. Yet why the central banks and establishment organizations have deliberately crashed economies, lowered growth, and manipulated the banking system for more than a hundred years is what’s missing from the interview. I think Fabian Socialism is the why.

Many names and events that Werner mentions involve Fabian Socialism. For example, Werner mentions that the US Federal Reserve was sneakily created on December 23 of 1913 and links that to the establishment of the first federal income tax in the US the same year. I can prove both came about because of Fabian Sociaists in important positions in Wilson’s administration.

In another anecdote, Werner mentions Paul Warburg, a key member (Vice Chairman) of the Federal Reserve during WWI. I believe Paul Warburg was a Fabian because after the war, he became director of the Fabian controlled Council on Foreign Relations founded in 1921 by Fabians. Plus, his son, James Warburg, later became an advisor to FDR (who I can prove allowed himself to be heavily influenced by Fabians, assuming he wasn't a Fabian himself). After that, James became a member of the CFR. In fact, James Warburg was quoted saying at one point “We shall have world government whether or not you like it –by conquest or consent”. That is a very Fabian sentiment.

Anyway, I’ll leave the rest of the video’s contents for you folks to discover. It’s revelatory from beginning to end, entertaining, disturbing and, perhaps, promising, if we can get Trump to follow some of Werner’s advice. But regardless, I promise you will walk away from the interview seeing the world different than you did before viewing it.

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“Bacon is a spice.”~ Kamala Harris

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