Prof. Richard A. Werner Official
Prof. Richard A. Werner's official telegram channel to encourage and facilitate macroeconomic discussion.
Subscribe to Prof. Werner's substack: https://rwerner.substack.com
For media enquiries: richardwerner.media@gmail.com
Subscribe to Prof. Werner's substack: https://rwerner.substack.com
For media enquiries: richardwerner.media@gmail.com
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Channel creation dateMar 30, 2021
Added to TGlist
Aug 17, 2024Linked chat
Prof. Richard A. Werner's Discussion Group
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Latest posts in group "Prof. Richard A. Werner Official"
18.04.202521:44
Check my new post on Substack!
Shocking news from Europe: The plans to confiscate people’s assets are real. The EU Commission is the Soviet Politbureau steering the EU into a dystopian dictatorship with total control and suppression of freedoms. Germany is making plans to implement this. The recently published coalition agreement hinted at some specific methods.
They're coming for our assets!
https://rwerner.substack.com/p/asset-confiscation-how-the-state?r=3otl34
Shocking news from Europe: The plans to confiscate people’s assets are real. The EU Commission is the Soviet Politbureau steering the EU into a dystopian dictatorship with total control and suppression of freedoms. Germany is making plans to implement this. The recently published coalition agreement hinted at some specific methods.
They're coming for our assets!
https://rwerner.substack.com/p/asset-confiscation-how-the-state?r=3otl34
10.04.202522:37
I had a very interesting discussion earlier today with Glenn Beck. Listen here: https://youtu.be/rMQEL5-9NNA?feature=shared
@WernerEconomics
President Trump suspended his global tariffs for 90 days, except for China. But is this strategy enough to win the trade war and fix the economy? Glenn speaks with renowned economist Richard Werner, who makes the case that Trump’s next move should take place here at home. It’s not enough, he argues, to pressure the big banks. He must also cut the government red tape and help local banks flourish. Plus, Werner also argues that Trump is fighting a hidden enemy in Europe: the CIA.
@WernerEconomics
10.04.202512:55
09.04.202519:31
I'll be LIVE with Patrick Bet-David at 4pm NYC/ 10pm Paris to discuss Trump's tariffs, the stock market, China and more!
WATCH: https://www.youtube.com/live/g1IT7nS6T4Y?feature=shared
WATCH: https://www.youtube.com/live/g1IT7nS6T4Y?feature=shared
Reposted from:
Robin Monotti ( + Cory Morningstar )
29.03.202511:30
PROF. RICHARD WERNER EXPLAINS CBDCs
"For anyone who is unaware what is behind CBDC, listen to Prof Richard Werner.
Once cash is taken out of the system, the money you think is yours is no longer, it will belong to the state in the form of credits. Part of your access to your digital credits will rely on you complying in ever increasing dystopian ways such as keeping your jabs up to date.
The amount of credits you can spend each month will be fixed by the state and can be switched off as the state so decides.
You will only be allowed to travel where the state decides you can or can't go.
Say something negative online, your credits will be reduced.
You are seen via surveillance where you are not allowed to be such as in a park that is not within the boundary of where the state allows you to live, your credits will be reduced.
You own your own home? Not when CBDC arrives, your home will be valued by the state and you will be credited with that value, the state will then own your home; you will never be allowed to use those credits.
If the state decides you are to be moved from your home that you no longer own, your credits will be stopped until that move is made.
You will shop online only on sites permitted by the state.
The goverment increase your taxes, it will automatically be deducted from your credits.
Think this is all a conspiracy theory? WTFU."
Rick Armstrong
📱 ROBINMG
"For anyone who is unaware what is behind CBDC, listen to Prof Richard Werner.
Once cash is taken out of the system, the money you think is yours is no longer, it will belong to the state in the form of credits. Part of your access to your digital credits will rely on you complying in ever increasing dystopian ways such as keeping your jabs up to date.
The amount of credits you can spend each month will be fixed by the state and can be switched off as the state so decides.
You will only be allowed to travel where the state decides you can or can't go.
Say something negative online, your credits will be reduced.
You are seen via surveillance where you are not allowed to be such as in a park that is not within the boundary of where the state allows you to live, your credits will be reduced.
You own your own home? Not when CBDC arrives, your home will be valued by the state and you will be credited with that value, the state will then own your home; you will never be allowed to use those credits.
If the state decides you are to be moved from your home that you no longer own, your credits will be stopped until that move is made.
You will shop online only on sites permitted by the state.
The goverment increase your taxes, it will automatically be deducted from your credits.
Think this is all a conspiracy theory? WTFU."
Rick Armstrong
📱 ROBINMG
11.03.202514:06
Digital Euro shock: Will the European Central Bank's central bank digital currency (CBDC) be imposed as early as this October 2025? What will happen in October? Is the digital prison being imposed? Are the digital control bars coming down on us? How to react? Read my latest substack, just out.
rwerner.substack.com
rwerner.substack.com
24.02.202523:37
Worst recession since the Great Depression in Germany. Elections won't change or help. The worst is yet to come. Read my latest Substack. https://open.substack.com/pub/rwerner/p/germany-longest-recession-since-the?utm_source=share&utm_medium=android&r=3otl34
17.02.202516:59
17.02.202516:59
My former classmate at Oxford, MPhil economics...
Reposted from:
TASS Russian news agency
17.02.202516:52
US billionaire Elon Musk mocked Christoph Heusgen for crying during his closing speech at the Munich Conference in Germany last week, calling him "pathetic," according to a post on Musk’s X social network account.
Commenting on a viral video clip from the closing ceremony of the Munich Security Conference, where Heusgen could not contain his emotions and burst into tears before finishing his speech, Musk, who oversees the Department of Government Efficiency (DOGE), stated: "Seriously. Pathetic."
On February 16, Christoph Heusgen, the chair of the Munich Conference, described the results of the forum in Germany as "a nightmare for Europe," adding that US Vice President JD Vance’s statement proved that Europe and the United States are worlds apart in their values.
Commenting on a viral video clip from the closing ceremony of the Munich Security Conference, where Heusgen could not contain his emotions and burst into tears before finishing his speech, Musk, who oversees the Department of Government Efficiency (DOGE), stated: "Seriously. Pathetic."
On February 16, Christoph Heusgen, the chair of the Munich Conference, described the results of the forum in Germany as "a nightmare for Europe," adding that US Vice President JD Vance’s statement proved that Europe and the United States are worlds apart in their values.
17.02.202516:52
The CIA's low-ranking hired European hands are reduced to crying by J D Vance's straight-talking speech....
Reposted from:
Dr Mike Yeadon solo channel
17.02.202516:46
https://www.sciencedirect.com/science/article/pii/S1057521914001070
This extremely long and very interesting paper is by Richard Werner, who is an expert on banking and money. Some years ago, he was working in Japan and delved into the workings of the banking system there. Based on his findings, he wrote a book from which an excellent documentary was made, both called “The Princes of the Yen”, which I highly recommend you watch. Among other things, it illustrates how what we think of as capitalism, red in tooth and claw, was effectively a centrally planned economy. It also showed how a nation’s economy could be fatally wounded by the actions of their privately owned central bank, something which later occurred in several countries in Southeast Asia.
Werner is widely credited with having come up with the basic moves involved in Quantitative Easing, which were used to rescue the Too Big To Fail banks and most other financial institutions during the so-called Global Financial Crisis of 2008.
I’m not alone in now thinking of the GFC as being a deliberate policy with multiple objectives, most of which I don’t understand. One of them was to establish in the public mind that even during extraordinary times, central banks and governments can collaborate to “prop up” the economy with effectively unlimited credit creation. This paved the way for 2020 Lockdowns. Without believing that despite closing half the economy, everything would sail on uneventfully because of arcane, behind the scenes financial manoeuvres, I doubt that it would have been possible to have pulled off what amounted to a coup d’etat of the world without anyone noticing it.
All that aside, here, Richard Werner reports on an empirical experiment in banking which had never been done before in 5000 years of banking. He sought to answer the simple sounding question of where does the money come from that is credited to your account when you take out a bank loan?
It’s astonishing really to realise that the answer has been deliberately obfuscated for decades and more. There are three main theories which are exclusionary. Does the bank lend money that has previously been deposited with it? This is called the Intermediation Theory. Or does it lend a multiple of its assets providing it retains a defined fraction of its reserves? This is called the Fractional Reserve Theory. Or does the bank simply wink the money into existence upon the signing of the loan agreement? This is called the Credit Creation Theory.
No prizes for guessing what were the results of his most interesting empirical experiment.
As Werner observes, the answer to the question gives rise to profound implications for almost every aspect of our lives.
In closing, I note yet another example of the notion that “Everything that is important and has been communicated broadly to everyone is a lie”.
Best wishes
Mike
This extremely long and very interesting paper is by Richard Werner, who is an expert on banking and money. Some years ago, he was working in Japan and delved into the workings of the banking system there. Based on his findings, he wrote a book from which an excellent documentary was made, both called “The Princes of the Yen”, which I highly recommend you watch. Among other things, it illustrates how what we think of as capitalism, red in tooth and claw, was effectively a centrally planned economy. It also showed how a nation’s economy could be fatally wounded by the actions of their privately owned central bank, something which later occurred in several countries in Southeast Asia.
Werner is widely credited with having come up with the basic moves involved in Quantitative Easing, which were used to rescue the Too Big To Fail banks and most other financial institutions during the so-called Global Financial Crisis of 2008.
I’m not alone in now thinking of the GFC as being a deliberate policy with multiple objectives, most of which I don’t understand. One of them was to establish in the public mind that even during extraordinary times, central banks and governments can collaborate to “prop up” the economy with effectively unlimited credit creation. This paved the way for 2020 Lockdowns. Without believing that despite closing half the economy, everything would sail on uneventfully because of arcane, behind the scenes financial manoeuvres, I doubt that it would have been possible to have pulled off what amounted to a coup d’etat of the world without anyone noticing it.
All that aside, here, Richard Werner reports on an empirical experiment in banking which had never been done before in 5000 years of banking. He sought to answer the simple sounding question of where does the money come from that is credited to your account when you take out a bank loan?
It’s astonishing really to realise that the answer has been deliberately obfuscated for decades and more. There are three main theories which are exclusionary. Does the bank lend money that has previously been deposited with it? This is called the Intermediation Theory. Or does it lend a multiple of its assets providing it retains a defined fraction of its reserves? This is called the Fractional Reserve Theory. Or does the bank simply wink the money into existence upon the signing of the loan agreement? This is called the Credit Creation Theory.
No prizes for guessing what were the results of his most interesting empirical experiment.
As Werner observes, the answer to the question gives rise to profound implications for almost every aspect of our lives.
In closing, I note yet another example of the notion that “Everything that is important and has been communicated broadly to everyone is a lie”.
Best wishes
Mike
15.02.202501:33
Good speech by US Vice President J D Vance in Munich
https://youtu.be/18okhV3V55I?si=0BWuuI3My5tNY1oq
https://youtu.be/18okhV3V55I?si=0BWuuI3My5tNY1oq
06.01.202520:12
⚡️ A Conversation with “Artificial Intelligence” about Economics Fundamentals
How ChatGPT is reluctant to admit that there is no evidence for equilibrium – rendering mainstream economics a fairy tale and quite useless for policy purposes – or ideal to foster neo-colonialism.
➡️ Read my latest Substack: https://rwerner.substack.com/p/a-conversation-with-artificial-intelligence
@WernerEconomics
How ChatGPT is reluctant to admit that there is no evidence for equilibrium – rendering mainstream economics a fairy tale and quite useless for policy purposes – or ideal to foster neo-colonialism.
➡️ Read my latest Substack: https://rwerner.substack.com/p/a-conversation-with-artificial-intelligence
Both deductive methodology and its application to equilibrium economics were sponsored and actively advanced by Ricardo, a wealthy financier from the City of London, who was followed by others and their hired economists promoting this particular kind of economics. Once merely an extremist faction in economics, it has experienced a steady rise to total dominance in economics, which was achieved after the end of the second world war, when US domination of international institutions went hand-in-hand with US sponsorship of this particular kind of economics.
@WernerEconomics
Records
20.04.202523:59
2.5KSubscribers29.03.202523:59
200Citation index20.02.202510:36
14.8KAverage views per post17.03.202502:24
14.8KAverage views per ad post12.04.202522:21
17.45%ER25.02.202508:23
605.98%ERRReposted from:Robin Monotti ( + Cory Morningstar )
29.03.202511:30
PROF. RICHARD WERNER EXPLAINS CBDCs
"For anyone who is unaware what is behind CBDC, listen to Prof Richard Werner.
Once cash is taken out of the system, the money you think is yours is no longer, it will belong to the state in the form of credits. Part of your access to your digital credits will rely on you complying in ever increasing dystopian ways such as keeping your jabs up to date.
The amount of credits you can spend each month will be fixed by the state and can be switched off as the state so decides.
You will only be allowed to travel where the state decides you can or can't go.
Say something negative online, your credits will be reduced.
You are seen via surveillance where you are not allowed to be such as in a park that is not within the boundary of where the state allows you to live, your credits will be reduced.
You own your own home? Not when CBDC arrives, your home will be valued by the state and you will be credited with that value, the state will then own your home; you will never be allowed to use those credits.
If the state decides you are to be moved from your home that you no longer own, your credits will be stopped until that move is made.
You will shop online only on sites permitted by the state.
The goverment increase your taxes, it will automatically be deducted from your credits.
Think this is all a conspiracy theory? WTFU."
Rick Armstrong
📱 ROBINMG
"For anyone who is unaware what is behind CBDC, listen to Prof Richard Werner.
Once cash is taken out of the system, the money you think is yours is no longer, it will belong to the state in the form of credits. Part of your access to your digital credits will rely on you complying in ever increasing dystopian ways such as keeping your jabs up to date.
The amount of credits you can spend each month will be fixed by the state and can be switched off as the state so decides.
You will only be allowed to travel where the state decides you can or can't go.
Say something negative online, your credits will be reduced.
You are seen via surveillance where you are not allowed to be such as in a park that is not within the boundary of where the state allows you to live, your credits will be reduced.
You own your own home? Not when CBDC arrives, your home will be valued by the state and you will be credited with that value, the state will then own your home; you will never be allowed to use those credits.
If the state decides you are to be moved from your home that you no longer own, your credits will be stopped until that move is made.
You will shop online only on sites permitted by the state.
The goverment increase your taxes, it will automatically be deducted from your credits.
Think this is all a conspiracy theory? WTFU."
Rick Armstrong
📱 ROBINMG
10.04.202522:37
I had a very interesting discussion earlier today with Glenn Beck. Listen here: https://youtu.be/rMQEL5-9NNA?feature=shared
@WernerEconomics
President Trump suspended his global tariffs for 90 days, except for China. But is this strategy enough to win the trade war and fix the economy? Glenn speaks with renowned economist Richard Werner, who makes the case that Trump’s next move should take place here at home. It’s not enough, he argues, to pressure the big banks. He must also cut the government red tape and help local banks flourish. Plus, Werner also argues that Trump is fighting a hidden enemy in Europe: the CIA.
@WernerEconomics
10.04.202512:55
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