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Prof. Richard Werner explains how banking works. (money creation)

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Most of the comments made by people here can't be taken seriously for the grammatical errors
Comment from : @alanzum3077

Richard is the GOAT He speaks so eloquently and makes it really interesting to listen to This stuff needs to be taught in school, but they wont teach you this
Comment from : @aGr3atD4y

You know, I don't think anyone but the people themselves should be in control of the currency Whenever we allow this on any level we end up being exploited I think this goes for all social power also People need to have control of their own destiny Otherwise we will always have ruling class vs under class struggles I think we have the awareness that slavery is wrong But we still allow an organized crime synarchy to control us and kill us if we get in the way of their agenda for dominance It's just a different more insidious form of slavery Someone always loses, and it's always the common people
Comment from : @Freefolkcreate

12:04 THE ANSWER OF THE BIG QUESTION
Comment from : @radityomuhamad2526

Ridiculous
Comment from : @ButcherBird-FW190D

We need all teachers to start educating financial literacy starting in high school
Comment from : @farrellwolf2498

He says that it'd be easy to ban loans for asset purchases, but does that mean:br1 people can't take out conventional loans for mortgages? that is, they'd instead need to actually borrow existing money?br2 how would this actually be banned? I mean, when a loan is taken out, the money could become fungible
Comment from : @cyberjunk2002

So the loan they owe you they label as money you gave them as a loan they must pay back?
Comment from : @mjsmcd

We love this courageous and talented professor
Comment from : @dallihilmi

NonsensebrThere is the Austrian approach by Mises and his school that demonstrate that bank create money out of thin air; ex nihilo Which is fraud
Comment from : @AFRIKTODAY

Why are they allowed to get by with such banking fraud?
Comment from : @cindypope4238

This hasn't aged well haha
Comment from : @displayname7t4

someone told me about RW and his explanations of money and money creation
Comment from : @roc7880

Smart
Comment from : @bibbidi_bobbidi_bacons

Silent Weapons for Quiet Wars - if you haven't read that document yet, make sure you do ASAP It's extremely revealing It's an energy sucking system - slavery on all kinds of levels Communism disguised as capitalism All fraudulent - criminal - to the deepest core
Comment from : @elron117

Sounds like a fraud to me that will lead to the situation we are in now, which is elites making all the calls to control
Comment from : @thereseharmsworth748

Very interesting from around 10 min
Comment from : @thereseharmsworth748

The most brilliant commentary on how money works you will ever here
Comment from : @mbseeking6570

I also believe that C H Douglas was aware of the money creation theory although it's promotors may seem to be unsure about the fractional or the ex nihilo theory
Comment from : @DistributistHound

Surprised that the German bank allow him to tape the process
Comment from : @DistributistHound

23:45 I'm shocked that Porf Richard Werner actually agrees with the idea of creating money out of nothing
Comment from : @ben11628

Richard Werner is a legend
Comment from : @mahanr1272

"Money is a belief system"
Comment from : @mithra2396

This is misleading and wrong He just sounds intellectual and confident but he doesn't actually seem to have an idea of what he is talking about
Comment from : @ezekk207

It’s corrupt like the people who run it
Comment from : @willybyun1834

What happens if they pay my IOU in cash?
Comment from : @mrkasirye

Technically money is not created "out of nothing", money is created out of someone's future labor, be it an individual or a group such as citizens of a nation
Comment from : @santiago321lat

"the majority of the money is created by the banks" Would this money be under license from the nations central bank?
Comment from : @santiago321lat

I get the feeling Professor Werner is being very careful on how he explains money creation so as to avoid a red dot appearing on his well shaped forehead For example, I have not heard him explain how taxation, at all levels, fits into this money creation scheme
Comment from : @santiago321lat

Brilliant explanation How about the deposits what’s being done by those?
Comment from : @adeldizz

Glass-Steagall…all things are two things Banking is one magician, at Law is the other magician
Comment from : @scottbradley5302

"youre creditors :! Bingo
Comment from : @bryanmccrary8029

15:20 How money is created You're welcome
Comment from : @thedscale

he left out the part about the synagoge of satan: youtube/vR_YYgQSpUg)
Comment from : @malkimezi5525

Good God, I am new to learning about Macro, I have to say how Richard explains it, its perfect
Comment from : @crouchhill

I can't believe people actually buy into either the financial intermediary theory or fractional reserve theory of banking So ridiculous It's as outlandish as the quantity theory of money as an explanation for inflation
Comment from : @karfar8029

If all the supposed money lent out was added up, the total wealth of the world would be far less This is fake banking Someone is just creating money by pressing buttons!!
Comment from : @yabbadabbadoo8225

Complete childbrbrPerfect example of how advanced education, can rot your brainbrbrOf course banks expand the money supply Living through a hyperinflation will snap you back into reality
Comment from : @son-of-the-republic3723

The thing that surprises me the most is that he presents this like it’s some big secret Anyone who has taken a macro economics class at university level knows this…
Comment from : @BoardgameBaker

Excellent summary I was well into my forties when I first started learning this about money several years ago At first, I could not believe it This is not what I was taught about money in my younger days I actually thought that when you went to a bank to get a loan, the bank would lend you money that they had on deposit from other customers The fact that money can be created when the bank gives out a loan without having the physical money to loan but by just entering the amount of the loan into a bank account was a stunning realization brLets think about this If a “lender” does not have the money to lend you but just convinces you that the numbers that have been entered into your bank account is money and you have to pay it back with money that are not numbers that you can just enter into your bank account and to add insult to injury pay it back with interest! What would you call this?
Comment from : @Danny_6Handford

If you think the current banking system can be fixed without rivers of blood being shed you don't yet understand it
Comment from : @lincolnuland5443

And the human bank operation mistakes risk? What is the risk of asset bubble explodes? If the bank choose the equirt market as asset and they grow years and years , the risk of grow too much can creat inflation?
Comment from : @alfredocosta6887

prof richard werner needs to meet up with Ronald Bernard
Comment from : @alaminm182

Interesting that he puts the blame on the commercial banking system Yet it's QE by the central banks that are giving the banks the necessary liquidity to keep the asset prices growing Central banking is the root of the problem
Comment from : @kellind1

Confusing
Comment from : @ahsanmohammed1

21:51 someone tell Deutsche Bank 😂👍🏻
Comment from : @jhnssch6744

and people still think that is Bitcoint that is fake
Comment from : @jorgegomez524

Investing in crypto is the only big chance of making money
Comment from : @keenanjay5570

He's brilliant every time We need his knowledge at high school, latest
Comment from : @survileerin8912

Welp, this is true US banks love asset backed / consumption lending, not so much innovation, technology, and productivity increase lending So we get these stupid asset bubbles
Comment from : @jayabrams400

What i did not understand is that if it is not fractional reserve system than is prof Werner suggesting that every bank prints their own money? “Banks create money out of nothing” what does this mean?
Comment from : @anilrai6918

the bank gives you what they owe to you and you pay it back you lost me
Comment from : @MrTrollBeast

"the balance-sheet quadrupelled It doesn' t create inflation" what drugs is he on?
Comment from : @alexd7466

Bank credit shouldn't be a mysterious secret of the universe, something that requires big fancy theories There is a bank on every other street, issuing credit cards Why not just go to a bank and ask them how they create credit? I guess that is what Werner eventually did Still, it really should be common knowledge how credit is created
Comment from : @bluecafe509

Is it possible for my company to buy majority control of a "systemic" bank? I would use federal employees to run it I would spin off small sections that were honest and profitable
Comment from : @alfredmolison7134

Hmmm quantitive easing may work in theory if the money created is truly spread among the people in order to stimulate the money chain That however doesn’t happen, it is stored at the top
Comment from : @KC18788