Tucker Carlson and Dr Richard Werner discuss the private central banks, the British central bank, how banks create money out thin air, the privatization of the Fed in 1913, the introduction of the income tax to pay for privatized money, why China is so prosperous in a groundbreaking interview.
He also tells how someone linked to the CIA appeantly threatened him and tried to bury the info which appeared in Japan and in a book in Japanese because of the massive censorship in the West.
In fact, it has been argued that the media and censorship complex described in Orwells 1984 was developed by the British bankers from 1666 onwards, when the British central bank was privatized, precisely in order to hide from the public where all the people s money was going and why one tiny group was getting for very, very rich.
The link between totalitarian systems and private central banks is here. If a tiny elite are going to loot entire countries using the fraudulent practise of printing money out of thin air and charging interest (something not stressed by Werner!), then they need a very powerful, centralized and violent gov and lots of wars.
Just as the monarchs of England and Germany (George V and Wilhelm II) were cousins (Queen Victoria had 42 grandchildren) and met privately ahead of WW1, so the heads of the US and German central banks were brothers, Paul and Max Warburg, and helped coordinate WW2.
Then head of Germany s central bank, the Reichsbank, Hjalmar Schacht, along with the heads of Deutsche Bank, Commerzbank, and other private banks as well as Frtiz Thyssen signed a key letter which persuaded the then German President Hindenburg to make Hitler Chancellor despite getting only about a third of the vote.
https://en.wikipedia.org/wiki/Industrielleneingabe
Prescott Bush played a key role in setting up the totalitarian terror state which now dominates the USA, He was not only implicated in the Business Plot of 1933 to set up a Hitler style dictatorship to serve the private bankers (as Hitler did)
https://yesterdaysamerica.com/smedley-butler-and-the-1930s-plot-to-overthrow-the-president/
He also worked for Brown Brothers and Harriman which served as a director of a banking arm in the USA of Germany s steel magnate and Hitler funder Fritz Thyssen.
https://www.theguardian.com/world/2004/sep/25/usa.secondworldwar
https://www.spiegel.de/politik/eine-million-ist-nichts-a-e3a85e94-0002-0001-0000-000044418935
After WW2, he became the director of the newly founded CIA, which threatened Dr Wener.
The CIA set up Operation Mocking Bird to control the media and Operation Paper Clip to bring Nazis to the USA.
The CIA is also believed to have assasinated JFK who signed an executive order undermining the private Fed just before he was assassinated in 1963.
https://en.wikipedia.org/wiki/Executive_Order_11110
The CIA can be broadly seen as the private banking cartels Praetorian guard or secret mercenary army.
Indeed, the Nazi ideology may also been seen as a product of the private banking system. Clearly, a person of ethics is not going to go along with looting an entire country, causing destitution, starvation and starting wars to enrich a tiny amoral few. However, weak minded people who are told they have a right to loot others because of some mythical super genes may sleep easier at night believing a lie as they loot and murder.
Mega Dem doror George Soros was actually caught in 2015 trying to kill a little reporter for revealing also the central bank secrets but has been able to escape justice through political corruption and censorship in a huge scandal known to the Russians and Chinese.
In 2010, I translated Vienna Economics Professor Fran Hoermanns article on how banks print money out of thin air in Der Standard.
https://www.derstandard.at/consent/tcf/story/1285200656759/banken-erfinden-geld-aus-luft
http://www.franzhoermann.com/lehrveranstaltungen.html
In 2014, Werner published a paper called
Can banks individually create money out of nothing? — The theories and the empirical evidence☆
https://doi.org/10.1016/j.irfa.2014.07.015
Dr Werner also does not mention China s PBOC system of single entry book keeping, printing money for free, as the vital ingredient to making its many small banks lending to businesses so successful.
Excerpts
Somebody Came to Visit Me” - The Book That Exposed Central Banks and The CIA Tried to Bury
Tucker Carlson Network
1.13M subscribers
https://www.youtube.com/watch?v=B8nb8-h5O6s
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Which seems quite sort of extreme, like magic. In fact, one uses the conventions to use Latin for this. The money is created ex nihilo out of nothing. So when I did the empirical test, the conclusion was the financial intermediation theory is rejected and the fraction reserve theory is rejected. Banks create money out of nothing.
By the way, you can look it up. It’s the most downloaded paper of all Elsevier publications called and it’s open source, open access. So can banks individually create money out of nothing?
...
The Warburg Brothers: A Shocking Revelation
TUCKER CARLSON: When the central bank of the United States, the Fed was created during… Right before the war, I mean. Yes, right before the war, three months before the war. What was the role of the central banks during that war? The most important war in the last thousand years.
RICHARD WERNER: Yeah, well, it was really at the pinnacle of the war economy. There’s no doubt about that. It’s very clear. And the same is true, of course, for now. The other side now, from 1917, the US and Germany were at war, which is very sad. A lot of Americans of German descent and Germans didn’t really want to be at war with Germany, but that’s what happened.
So we’ve got these two countries at war, sad. Soldiers dying in the trenches and their economies organized as war economies. At the pinnacle of the war economies are the central banks. So who were the key players in the German central bank? The Reichsbank, which was 100% privately owned, was somebody called Max Warburg, or Max Warburg, you might say, in English.
And who was at the pinnacle, in fact, was a founder of the Federal Reserve. And who was the key person there? It was somebody called Paul Warburg. Paul Warburg, his brother. But of course, the soldiers have to kill each other. And these two countries are… Wait, wait, wait.
TUCKER CARLSON: The head of the German central bank and the head of the American central bank were run by brothers during a war between the US and Germany.
RICHARD WERNER: Yes. Now I have to qualify. They weren’t the formal governors, but they were the key people.
TUCKER CARLSON: Did anyone notice this?
RICHARD WERNER: Well, some people did.
TUCKER CARLSON: I mean, probably encouraged not to say.
RICHARD WERNER: I mean, with Paul Warburg, it was obvious because until 1911 he was a German citizen. He’d only just come over for that purpose to set up the Fed. And he was speaking, I mean, half German basically, when he spoke English. So, you know, it wasn’t… I mean, if you were looking for some details, you’d quickly find this.
TUCKER CARLSON: How did the brothers do during the war? Were they destroyed? Were their fortunes taken away?
RICHARD WERNER: Oh, no, no, no. Of course, Max Warburg stayed in power at the Reichsbank. He was the one who signed off on Hitler’s proposed head of the central bank. Even the 1930s, it was also Max Warburg. Still.
TUCKER CARLSON: They were… Those, I can’t believe brothers were at…
RICHARD WERNER: Absolutely, yeah, yeah, those banks. Yes. And of course I don’t want to just, you know, pinpoint the Warburg family, but you know, I mean there’s other families and there’s many families. There’s JP Morgan, you know, and they’re of various backgrounds and you know, ethnic backgrounds and whatever. But it, the principle is we do have that.
TUCKER CARLSON: It’s an inside game.
https://singjupost.com/richard-werners-interview-on-the-tucker-carlson-show-transcript/
https://www.derstandard.at/consent/tcf/story/1285200656759/banken-erfinden-geld-aus-luft
http://www.franzhoermann.com/lehrveranstaltungen.html
Can banks individually create money out of nothing? — The theories and the empirical evidence☆
https://doi.org/10.1016/j.irfa.2014.07.015
Abstract
This paper presents the first empirical evidence in the history of banking on the question of whether banks can create money out of nothing. The banking crisis has revived interest in this issue, but it had remained unsettled. Three hypotheses are recognised in the literature. According to the financial intermediation theory of banking, banks are merely intermediaries like other non-bank financial institutions, collecting deposits that are then lent out. According to the fractional reserve theory of banking, individual banks are mere financial intermediaries that cannot create money, but collectively they end up creating money through systemic interaction. A third theory maintains that each individual bank has the power to create money ‘out of nothing’ and does so when it extends credit (the credit creation theory of banking). The question which of the theories is correct has far-reaching implications for research and policy. Surprisingly, despite the longstanding controversy, until now no empirical study has tested the theories. This is the contribution of the present paper. An empirical test is conducted, whereby money is borrowed from a cooperating bank, while its internal records are being monitored, to establish whether in the process of making the loan available to the borrower, the bank transfers these funds from other accounts within or outside the bank, or whether they are newly created. This study establishes for the first time empirically that banks individually create money out of nothing. The money supply is created as ‘fairy dust’ produced by the banks individually, "out of thin air".
https://www.sciencedirect.com/science/article/pii/S1057521914001070
können einzelne Banken Geld aus dem Nichts schaffen? –
Die Theorien und der empirische Beweis
Richard A. Werner
freie Übersetzung – englisches Original erschienen im International Review of Financial Analysis 36 (2014)
Online: http://www.sciencedirect.com/science/article/pii/S1057521914001070
http://www.franzhoermann.com/uploads/2/0/1/9/20192907/gs08.pdf
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