SORA Economic Forum 2022 keynote speaker Professor Richard Werner
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- čas přidán 24. 09. 2022
- The Case for Abundance: High Sustainable Growth and Prosperity Are Possible - Why Don’t We Get Them?
⚡️"If you objectively check the relationship between interest rates and growth, it’s not a negative correlation. Higher interest rates always follow economic growth, they never lead it."
⚡️"Alice and not even the queen could be good economists, it is insufficient to believe 6 impossible things before breakfast, you need to believe at least 8 all the time."
⚡️"The theory of Equilibrium does not apply to planet earth."
⚡️"Banks do not take deposits, they are the creators of money."
⚡️"Central banks forced banks to expand consumer credit and credit creation resulting in a big boost to prices, this is where inflation comes from."
⚡️"Economics became the first scientific discipline that was controlled to have one mainstream view."
⚡️"We need to work against the concentration of power through decentralization."
⚡️"As a general rule do the opposite of what they say."
- Professor Richard Werner
Professor Richard Werner discusses what all humans intuitively often wondered, but none seem to have solved in a way that we can all agree upon, at least not in our times.
Followed by Q&A with Dr Makoto Takemiya.
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#StepIntoTheEconomicFuture - Věda a technologie
If you understand everything in this video, you will understand more of the world around you. What you do with that knowledge is up to you, but SORA is trying to build a better world based on these ideas.
Let's go Makoto
The true scope and scale of what is unknown in economics can be likened to an iceberg; Prof. Richard Werner is like the captain of the submarine that shows you the entirety of what’s really happening.
Knowledge bombs inbound 💣
Fearless Wallet is The #DeFi Wallet for the future
Sora❤
Extraordinary presentation!!
Let's get abundance
🚀We love to hear this amazing interviews
cutting edge ideas for a new economic order
Based
The only solution is a SORAlution.
Важнейшим для здоровья является отказ от обработанной пищи.сахара.мяса и молочных продуктов которые разрушают защитные свойства иммунной системы! Мясоедение-перенапряжение истощение адаптационных ресурсов человека! Сокращение жизни людей.
Been bullish 🤩
Good.
I have a question, is there a link between the appreciation of the US dollar and the rising interest rates? If no, how to explain the appreciation then? If yes, what is the impact of interest rate policies since they just follow nominal growth?
I’m very confused by current capital markets. Almost everything is falling, even gold, except the US dollar.
To fight inflation, central banks hikes interest rate as they think that's the ideal tool (Prof Werner argues interest rate as a tool to control inflation is a false idea)
Markets don't like higher interest rate.. as costs of borrowing is up.
Economic uncertainty is causing everyone running for the safety of USD , which is because of its reserve currency status.
Interest rates have nothing to do with this, as it is just the price of money and there is infinite demand for money anyway. The main thing is the war in Europe is driving GBP and EUR value into USD
@@user-mf3bp3gf5m thank you!
Check out the Milkshake theory which explains what the comments below have said - when the US dollar is the only strong currency, it reflects the other currencies on the verge of collapse... at which point the dollar goes too.
The question I would have for Profesor Werner in relation to interest rates correlation movement is and his statement ''Interest rates follow growth'': What he mean when he speaks about growth? Is he mean growth in banking credit or growth in GDP? It is true that by creating banking credit we can stimulate growth in GDP but in the times of high inflation the credit clearly must have gone to the unproductive parts of economy.
what’s the TBC price then
Anyone think Sora can go back all time high next bull run
Will ESG support temperature swings from minus 100 degrees Fahrenheit to plus 125 degrees Fahrenheit, as recorded in 2021 - 2023?
Look up WET BULB temperatures!
I mean when i live in a western country like Germany i can technically live without working from government benefits. But thats not what Keynes meant when he thought about we wont have to work anymore i guess.
Unlike some exploitations of a race which takes place on the grass, I find this quite error free in pursuits all to a supply line, futures in a sense balancing or weighing ante of derivational brain mass, sating a denizen "mole" of a sort based on time constraints - not the wager itself...
why do not level the sound of mics "sora voice = not as a man with affirmation as a speaking Speak ! ..!
I am Christ and I have returned
cool! puff puff pass, Bro!
Yes I smoke weed and grow it as well. Its God medicine
You mention crypto at then end and totally missed the point of what Richard is saying. Its CASH and local banks, with the current digital currency we have.
Richard talks about how to do the best thing in the current system. But we can have a better system that is not using fiat debt money.
@@user-mf3bp3gf5m I just see you using buzz words to get the audience to go towards Crypto for a solution. Not realising if the current system is not going to be operated right, htf is crypto going to work when the central planners want to turn off the lights if you disagree with the narrative? Do you have your own power infrastructure too that you plan to launch?
Я изучила организацию.управление.планирование в ссср.если врачи не советуют разводить животных на мясо из-за больших затрат.а питаться растениями содержащими железо самим людям.тогда посчитайте какие расходы на войну и производство оружия?! Сколько вам обходится спекуляция нефтью? Нас учили размещать рядом с местами добычи предприятия по их переработке в готовую продукцию.
makes zero sense that his clips dont get more traffic. (smells fishy, google)