06-17-2021, 03:46 PM
How do Banks actually create money ? Professor Richard Werner ...
In the 5000 yr history of banking no-one has ever done an imperical study of banking to show where the money comes from- until now. Step up the rock star economist Professor Richard Werner. His amazing qualifications and held positions makes the eye water. He is truly the authority on this subject. Banks are thought of as deposit taking entities who lend money - but that is just wrong.
His assessment - Banks dont lend money but they misrepresent (lie) to their customers and say that they do.
https://www.youtube.com/watch?v=EnC1UlnFLyI
In the 5000 yr history of banking no-one has ever done an imperical study of banking to show where the money comes from- until now. Step up the rock star economist Professor Richard Werner. His amazing qualifications and held positions makes the eye water. He is truly the authority on this subject. Banks are thought of as deposit taking entities who lend money - but that is just wrong.
His assessment - Banks dont lend money but they misrepresent (lie) to their customers and say that they do.
https://www.youtube.com/watch?v=EnC1UlnFLyI