Richard Werner: QE Infinity
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- čas přidán 4. 06. 2024
- As the Russian proverb goes, there’s nothing more permanent than a temporary solution. Quantitative easing was introduced to buy central bankers time so they could fix the structural problems in the economy. But quickly, QE became the solution to every possible economic hiccup.
Host, Ross Ashcroft, met up with Professor Richard Werner, to discuss how by creating asset price inflation alongside epic amounts of debt, temporary QE has become a permanent problem.
Read all about it here: renegadeinc.com/richard-werne...
Read and download transcript here:renegadeinc.com/wp-content/up...
All full episodes also on renegadeinc.com/shows/renegad...
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This bloke is consistently right. No wonder no one listens to him.
Makes me so angry that for every one interview with this guy or Michael Hudson or Greybar you’ll have 50 interviews with Richard Wolff with the comments section going on about how brilliant Wolff is…. Like what…!? 🤦♀️ 🤦♂️ 🤦🏾
@@augurcybernaut4785 I am with you on this point.
Could someone explain to me if Professor Richard Werner is a Keynesian who believes in Quantitative Easing policies similar to what we have seen during 2020-2022? I have watched his documentary, "Princes of the Yen" several times, and I am confused why everyone seems to think this guy is great, if his beliefs are inflating an economy by devaluation of its currencies. This is good for rich people , as we have seen in 2020-2022, but bad for middle class and poor people who are NOT invested in the stock markets. Am I missing something here or does he not clearly advocate for this policy? Why everyone here seems to think this is a great idea?
@@marybailey7881 Mary - you've forced me to re-examine things. I intend to do this - this week - and I will reply with a better offering than this. All the best
@@marybailey7881 Have you taken onboard the following…. Pay attention to how Keen describes money and it’s utility www.youtube.com/watch?=TaKAEuOOAyg
35 yrs ago we were on first name terms with our bank manager. In no time at all both manager and staff were robots, then the bank closed.
Always good to see Dr. Werner, he's almost become the friendly, family bank manager we all used to know.
Could someone explain to me if Professor Richard Werner is a Keynesian who believes in Quantitative Easing policies similar to what we have seen during 2020-2022? I have watched his documentary, "Princes of the Yen" several times, and I am confused why everyone seems to think this guy is great, if his beliefs are inflating an economy by devaluation of its currencies. This is good for rich people , as we have seen in 2020-2022, but bad for middle class and poor people who are NOT invested in the stock markets. Am I missing something here or does he not clearly advocate for this policy? Why everyone here seems to think this is a great idea?
Before I aquired a lifetime ban from Twatter, I wrote a note about QE, and was attacked by a very angry Australian man for even mentioning Queen Elizabeth, who was a parasite, blah, blah... usual salty language..
So now I have two badges of honour, the other being @Renegade which, miraculously hasn't been wiped from my device. Bravo Ross!
Professor Werner has a track record of delivering truth to us decades before the event. I urge you to read Prof Werners New paradigm in macroeconomics.
Could someone explain to me if Professor Richard Werner is a Keynesian who believes in Quantitative Easing policies similar to what we have seen during 2020-2022? I have watched his documentary, "Princes of the Yen" several times, and I am confused why everyone seems to think this guy is great, if his beliefs are inflating an economy by devaluation of its currencies. This is good for rich people , as we have seen in 2020-2022, but bad for middle class and poor people who are NOT invested in the stock markets. Am I missing something here or does he not clearly advocate for this policy? Why everyone here seems to think this is a great idea?
Richard Werner is nothing short of an economic genius! I have always thought that Renegade Inc. was the best interview program out there...and this is exhibit "A"
Could someone explain to me if Professor Richard Werner is a Keynesian who believes in Quantitative Easing policies similar to what we have seen during 2020-2022? I have watched his documentary, "Princes of the Yen" several times, and I am confused why everyone seems to think this guy is great, if his beliefs are inflating an economy by devaluation of its currencies. This is good for rich people , as we have seen in 2020-2022, but bad for middle class and poor people who are NOT invested in the stock markets. Am I missing something here or does he not clearly advocate for this policy? Why everyone here seems to think this is a great idea?
I legitimately get hopeful for the future when I hear Professor Werner speak about inflation-free growth powered by small banks and small firms.
It takes we the people, to establish private banks, credit unions, equity firms et cetera. We can't let it be up to Blackrock and the likes thereof, not if we want a decent community to live in.
I was wandering why an inelegant and capable guy like you is not on the main stream Channels . Now I know. Good for you .
Richard is quite impressive in his analysis of how banking "actually works". He is one of the very few I will always stop and listen to, opened my mind to how banks create money and offers insights into potential improvements in the banking sector.
Could someone explain to me if Professor Richard Werner is a Keynesian who believes in Quantitative Easing policies similar to what we have seen during 2020-2022? I have watched his documentary, "Princes of the Yen" several times, and I am confused why everyone seems to think this guy is great, if his beliefs are inflating an economy by devaluation of its currencies. This is good for rich people , as we have seen in 2020-2022, but bad for middle class and poor people who are NOT invested in the stock markets. Am I missing something here or does he not clearly advocate for this policy? Why everyone here seems to think this is a great idea?
@@marybailey7881 I don't know how to position him, but he advocates local banking. Money creation but for productive use and not ponzi growth through asset bubbles. Local banks not global corporations, not too big to fail.... they lend too much and get bad loans they suffer.
@@jameslovering9158 Money creation...Q.E.....okay, they are the same thing. He is a Keynesian, correct? He advocates for what has happened in the past couple of years due to the pandemic, etc? he would agree with what the Fed. Reserve, ECB , Bank of England, Japan, etc has done to stimulate the economies? how anyone would agree with that now?
@@jameslovering9158 i dont understand why no criticism for this guy Professor Richard Werner? anyone can explain what i am missing here? He advocates for Q.E. policies in order to inflate economies , but at the same time this causes mass inflation and devaluation of the currencies?
@@marybailey7881 Richard was one of the first to prove that banks create money through loans without needing reserves. This was key as there in effect is no constraints except risk appetite. I don't think he agrees with this printing. The past couple of years is Govt printing and spending so thats a different thing again. Again I believe he wants to stop this global banking empire and revert to more local based banking that invests in its community directly. We do need finance we do need banks but we need them regulated and invested in our futures and our communities not global and controlling through credit creation. Controlled lending, is what he advocates, regulated and productive.
What can we learn from Norway's economic model? - Lang Hancock flew over the Pilbara, Western Australia in 1952, identified iron ore sites and took possession, making him and his descendants some of the richest people on the planet. When Phillips Petroleum found oil and gas in the North Sea in the late sixties, they had to acquire licensing rights from the Norwegian government to extract it, making Norway the richest country in the world.
Norwegians and Australians are culturally different. Scott Morrison will be voted in again because the majority of Australians have aggressively embraced the individualist finacialiased mentality in which they all aspire to be little Lang Hancocks. While the Norwegians value social cohesion and equality for all. Worlds apart.
@@mamajojoful If an Australian political party did advocate Norwegian-style long-term economic management, it prove to be very popular. Sadly, both Labor and Coalition Governments have pursued short-term economic policies, never looked beyond the next election, nevermind future generations. However, minor parties have also failed to propose long-term economic planning.
Many businessmen argue they «did it all by themselves» and thus have the right to take all the profit. I would argue most businesses need skilled labour, a government able to create laws , peace and upheld justice. Businesses also need good infrastructure (roads, Internett etc). Healthy workers are also more productive. In other words, I would argue a good businessman needs a good, healthy society and has to pay a price for that society.
Could someone explain to me if Professor Richard Werner is a Keynesian who believes in Quantitative Easing policies similar to what we have seen during 2020-2022? I have watched his documentary, "Princes of the Yen" several times, and I am confused why everyone seems to think this guy is great, if his beliefs are inflating an economy by devaluation of its currencies. This is good for rich people , as we have seen in 2020-2022, but bad for middle class and poor people who are NOT invested in the stock markets. Am I missing something here or does he not clearly advocate for this policy? Why everyone here seems to think this is a great idea?
The hidden champions part rings true for me. The global leader in PEMF devices is a German company called Bemer. They are a midsize company which is quite popular with people who have chronic illnesses here in the US. Also, when I worked at Menards, I saw a lot of LED shop lights which were made in Germany.
Good interview..........
Another intelligent speaker
Could someone explain to me if Professor Richard Werner is a Keynesian who believes in Quantitative Easing policies similar to what we have seen during 2020-2022? I have watched his documentary, "Princes of the Yen" several times, and I am confused why everyone seems to think this guy is great, if his beliefs are inflating an economy by devaluation of its currencies. This is good for rich people , as we have seen in 2020-2022, but bad for middle class and poor people who are NOT invested in the stock markets. Am I missing something here or does he not clearly advocate for this policy? Why everyone here seems to think this is a great idea?
Great interview!
Could someone explain to me if Professor Richard Werner is a Keynesian who believes in Quantitative Easing policies similar to what we have seen during 2020-2022? I have watched his documentary, "Princes of the Yen" several times, and I am confused why everyone seems to think this guy is great, if his beliefs are inflating an economy by devaluation of its currencies. This is good for rich people , as we have seen in 2020-2022, but bad for middle class and poor people who are NOT invested in the stock markets. Am I missing something here or does he not clearly advocate for this policy? Why everyone here seems to think this is a great idea?
Much love/respect to prof Werner for his work. However, I've not heard a peep from him about capturing land rent with a land value tax. Surely the productivity gains of a system like the one he is proposing would be captured in part by landlords, no? Shouldn't a LVT be factored in? Please ask him about this next time. Thanks 🙏
Great 👏🏼👏🏼👏🏼
Can you put the date of when this was broadcast please thanks
I believe the Netherlands did kind of the same in regard to argriculture. Small farmers united and created a knowledge pool + got financed = money and knowledge was transfered into productivity.
I would like to hear more about the incentive structures that make the German Sparkassen-driven loans successful. So far I've heard two methods:
1) bank employees sit on the boards of their debtors
2) customer liaisons in the front office get to know the borrower and draw up a proposal, but the loan officers in the back approve or deny the loan (less schmoozing)
3)?
4)?
surely there are more. Someone please fill me in. Thanks.
Good
Which is correct?
- Quantitativ or Quantitive ?
😂
Inflation (the devaluation of currency) is a fact of life and has been with us since Roman times, and possibly longer.
Do you think that there's a connection between the Ukraine, and the fact that Russia and China don't have a central bank.
Yeah they both have central banks.
Thank you. Just shows, one mustn't believe everything one hears or sees.
Interview Russel Napier
ah, Richard, are you saying the banks can create money with the sole purpose to buy treasuries from the treasury???
Could someone explain to me if Professor Richard Werner is a Keynesian who believes in Quantitative Easing policies similar to what we have seen during 2020-2022? I have watched his documentary, "Princes of the Yen" several times, and I am confused why everyone seems to think this guy is great, if his beliefs are inflating an economy by devaluation of its currencies. This is good for rich people , as we have seen in 2020-2022, but bad for middle class and poor people who are NOT invested in the stock markets. Am I missing something here or does he not clearly advocate for this policy? Why everyone here seems to think this is a great idea?
perhaps a late answer , but werner coined the term QE , suggested it to japanees central bank , they ignored him for 20 years
then did the same for the usa , after 2008 crash , alan greenspan some what listened to him ,and implemented something similar to his strategy , they got the recovery , but the QE on the 2020 was just diffrent , werner didnt agree with it
simply becase the credit created by the banks are used for purchasing dumb shit and consumer spending , this combined with the fact that the whole world was into a recession and the supply side was unchanged and even lessened , created the infaltion, werner also predicted the 2020 inflation , and mentioned that this style of QE will creat infaltion on 18 month horizon aproximatley
werner belives that credit creation must be used for the real section of the economy , namley business , not financial assests or consumer spendings which will only create inflation and bubbles
so now you know ,the guy termed the QE , but the central banks didnt completley listened to him and did their own version of it , which is not the exact same as his version , which is the version that actualy works and can create recovery
the 2009 recovery was a example what the original QE meant to do , more or less
You both should just go bald.
lol