In Switzerland they announced the city festival in Lucerne to be cashless. The shitstorm of the public made them finally change course and cash was accepted.
Thanks for voicing your economic experience on central banks! Centralised of any aspect of social and economic life leads to forms of dictatorship unintentional or not!
Phantastisch: Jeder Deutsche sollte darüber Bescheid wissen und überhaupt alles kenne, was Werner zu Banken, Geld, Wohlstand und was die Mittelschicht wachsen lässt.
Thank you for demasking the financial matrix we are forced to live in. This needs to be shared and shared and shared. Best aired at prime time instead of the stupid "news".
Since we are at this discourse of CBDCs - may I ask what's the link behind the multiple rounds of C-19 vaccinations? Is it the implantation of multiple microchips? Does that mean one microchip is not enough for central banks to achieve the desired level of programability ? There are so many puzzles but great work Mr Werner !
The number of banking institutions in China reached to 4,561 by 2022. The number of banks had been increasing until 2019 and been relatively stable since then. In recent years, the Chinese government had increased its grip of the financial industry.
Absolutely. We all depend on the earth. No one made it, so no one should own it outright. I'm a big fan of replacing most taxes with a land value tax that would function as a rent paid to the community for the privilege of exclusive right to use the land.
If we talk about CBDC, then we have to distinguish between retail and wholesale CBDC. How it comes that a professor such as Mr. Werner doesn't spend one word about it? In his speech he referred to CBDC as the retail CBDC. There are countries such as Switzerland that are testing the concept of wholesale CBDC, which would make more sense in my eye. So what I want to say is, there are use-cases that would benefit from an electronic and programable central bank money.
The Valhalla Network - from their website; "This means each bank will allocate a significant portion of their dividends to a charity that reinvests into local, social, and community initiatives as per the DAO’s ESG (environmental, social, and governance) policy.".........hm.........can you say......shilllin' for the villains..........???........nice trap........just sayin'
Mass consumerism (cheap or expensive) incl food and all excess also destroys the environment. We have grown more separate and detached from the rest of natural life.
Because of its highly political nature, Economics seems likely the most dumbed down knowledge domain. In example "Central Banks in their models don't have Banks in them, and they don't have money in them"
I like Prof. Werner very much, but he obviously doesnt integrate double-enty bookkeeping intonhis models. So technically the government doenst borrow money with interest from the central bank for their spendings. Government merely orders the bank to arrange payments. At least its like that with European central banks. Also dont see, why the implementation of CBCDs must lead to cenral planing and getting rid of private banks?
Cbdc will not making any difference. Fiat dollars, fiat dollar amount on a computer, and cbdc are not different. Banks have just perfected the art of money creation.
CBDC will make far more differences in a much more negative way. CBDC means there is no more private banking & the Central Banks hold absolute control over the economy. Fiat money takes away the absolute control from central bankers. Gold back currencies aren't as great as people think they are. The gold standards didn't solve the great depression & one could argue, it made the recession worse. The great depression is one of the worst hyper inflatiobary periods in history. The inflation we feel today is like 50x less severe than during the great depression and it happens when currencies were backed by gold. So when people talk about how great the gold standard is, I just don't buy it.
@@secrets.295 Do you mean commercial banks instead of private banks? Gold isn’t great, but laypeople think that it will regulate the buying power of the dollar. If there were limits to money creation then in some way we would all benefit, but there would be less productivity by far. All companies use debt to get ahead. They don’t use cash to create new brands and open new stores, etc.
Thank you Professor Werner
This man is gold
In Switzerland they announced the city festival in Lucerne to be cashless. The shitstorm of the public made them finally change course and cash was accepted.
Human free will has historically been the wild card.
In the west now there’s some hundreds of bank branch’s that are cashless now.
Thanks for voicing your economic experience on central banks! Centralised of any aspect of social and economic life leads to forms of dictatorship unintentional or not!
I think this was known by key sources in our world for centuries.
Bitcoin is decentralized. No #Trusted3rdParties. No single point of failure. Bankless and Sovereign human.
Need more Professor Werner’s to implement economic policies!
Actually he needs people to understand where the problems are really coming from. More central planning is not a favorable solution.
always love to listen him 🙂
Very clear an correct analysis of the real reality. Thanks a lot for this great interview.👌
This dude is very brave to put this information out to the preople. Props to him.
Phantastisch:
Jeder Deutsche sollte darüber Bescheid wissen
und überhaupt alles kenne, was Werner zu Banken, Geld, Wohlstand und was die Mittelschicht wachsen lässt.
Time to get Richard on to the BoE Monetary Policy Committee!
Keep him free please...
Don’t be short sighted
They’ll never let that happen !!!
@@meddimarcy we live in hope!
@@rickjensen2717hope is not a strategy !
@@rickjensen2717😂😂😂😂😂😂
wonderful truthful talk..
Thank you for demasking the financial matrix we are forced to live in. This needs to be shared and shared and shared. Best aired at prime time instead of the stupid "news".
Say it plain. Say it in multiple languages. Say it to workers morning and night. Repeat
I save in #bitcoin. Self custody and #hodl
This talk shows you how corrupt the system is.
Brilliant !
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
Great talk, thank you for this and thank you so much to Prof. Werner :)
Since we are at this discourse of CBDCs - may I ask what's the link behind the multiple rounds of C-19 vaccinations? Is it the implantation of multiple microchips? Does that mean one microchip is not enough for central banks to achieve the desired level of programability ? There are so many puzzles but great work Mr Werner !
The number of banking institutions in China reached to 4,561 by 2022. The number of banks had been increasing until 2019 and been relatively stable since then. In recent years, the Chinese government had increased its grip of the financial industry.
The wrong year is on the top left side of the video. It should be 2023, NOT 2024!!!!!!!!
Its advertising for an upcoming event.
That’s unfortunate. I was really hoping this was a video from the future.
Looks to me like a part of the video was cut around that 19:30 time stamp
Poor common man 😢
@robert Breedlove please get him on the show
Epic
All economies begin with the soil
Absolutely. We all depend on the earth. No one made it, so no one should own it outright. I'm a big fan of replacing most taxes with a land value tax that would function as a rent paid to the community for the privilege of exclusive right to use the land.
If we talk about CBDC, then we have to distinguish between retail and wholesale CBDC. How it comes that a professor such as Mr. Werner doesn't spend one word about it? In his speech he referred to CBDC as the retail CBDC. There are countries such as Switzerland that are testing the concept of wholesale CBDC, which would make more sense in my eye. So what I want to say is, there are use-cases that would benefit from an electronic and programable central bank money.
The Valhalla Network - from their website; "This means each bank will allocate a significant portion of their dividends to a charity that reinvests into local, social, and community initiatives as per the DAO’s ESG (environmental, social, and governance) policy.".........hm.........can you say......shilllin' for the villains..........???........nice trap........just sayin'
It says oktober 2024.... is this from the future?
In israel they are already running a pilot for cbdc...and the people there are absolutely ablevius to what is happening.
Haiti proves it: poverty destroys the environment. Better economics for all would stop the forest destruction in the Amazon and on Haiti.
Mass consumerism (cheap or expensive) incl food and all excess also destroys the environment. We have grown more separate and detached from the rest of natural life.
Because of its highly political nature, Economics seems likely the most dumbed down knowledge domain. In example "Central Banks in their models don't have Banks in them, and they don't have money in them"
3:18 🎯 🎯
SPEAK ON IT
I like Prof. Werner very much, but he obviously doesnt integrate double-enty bookkeeping intonhis models.
So technically the government doenst borrow money with interest from the central bank for their spendings. Government merely orders the bank to arrange payments. At least its like that with European central banks.
Also dont see, why the implementation of CBCDs must lead to cenral planing and getting rid of private banks?
Homeostasis is only obtain through collective capitalism very similar to the human form. One resides.Within! MWM
Where's the fire? 🔥
All been driven by Blackrock, Vanguard, and State Street.
woww
The Mark of the beast in the future.. Revelation 13.
Pardon me, probably a semiconductor in the brain and in the body of a human.
It’s a popular theory. Watch myth vision videos.
" Banks in England have no Deposits"
" Banks is no intermediary "
🤯🤯🤯
You’re surprised?
ein mal....nur ein einziges mal anstatt dem tatort 20.15 am sonntag
Hard money libertarians btfo’d
Cbdc will not making any difference. Fiat dollars, fiat dollar amount on a computer, and cbdc are not different. Banks have just perfected the art of money creation.
CBDC will make far more differences in a much more negative way. CBDC means there is no more private banking & the Central Banks hold absolute control over the economy. Fiat money takes away the absolute control from central bankers. Gold back currencies aren't as great as people think they are. The gold standards didn't solve the great depression & one could argue, it made the recession worse. The great depression is one of the worst hyper inflatiobary periods in history. The inflation we feel today is like 50x less severe than during the great depression and it happens when currencies were backed by gold. So when people talk about how great the gold standard is, I just don't buy it.
@@secrets.295 Do you mean commercial banks instead of private banks? Gold isn’t great, but laypeople think that it will regulate the buying power of the dollar. If there were limits to money creation then in some way we would all benefit, but there would be less productivity by far. All companies use debt to get ahead. They don’t use cash to create new brands and open new stores, etc.