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PBD Podcast

The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161

PBD Podcast

PBD Podcast

Business

4.63K Ratings

🗓️ 2 June 2022

⏱️ 118 minutes

🧾️ Download transcript

Summary

In this episode, Patrick Bet-David is joined by Tom Ellsworth and Richard Werner to discuss past & current economic policy, Cryptocurrency, Communism and much more...

Richard Andreas Werner is a German banking and development economist who is a university professor at De Montfort University. He has proposed the "Quantity Theory of Credit", or "Quantity Theory of Disaggregated Credit", which disaggregates credit creation used for the real economy on the one hand, and financial transactions on the other hand.


TOPICS

0:00 - Start 

4:43 - Breaking down the Japanese economy  

10:40 - Who holds banks accountable  

48:30 - The truth about interest rates  

57:42 - Bitcoin/Crypto/biggest concerns  

1:14:47 - Bailing put the students  

1:25:26 - QE & Communism  

1:37:50 - What happens if we don’t do anything to the economy?


Check out Richard's documentary: https://bit.ly/3x7KbhB

Buy Richard's book, Princes of the Yen: https://bit.ly/3ahD4tU

Check out Richard Werner online at https://bit.ly/3fT6uPR


Text: PODCAST to 310.340.1132 to get added to the distribution list

About Co-Host:

Adam “Sos” Sosnick has lived a true rags to riches story. He hasn’t always been an authority on money. Connect with him on his weekly SOSCAST here: https://youtube.com/playlist?list=PLw4s_zB_R7I0VW88nOW4PJkyREjT7rJic


Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

 

To reach the Valuetainment team you can email: [email protected]

--- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

Transcript

Click on a timestamp to play from that location

0:00.0

Are you're out of your mind?

0:02.0

Here's the debate.

0:03.0

You're upset.

0:04.0

They're saying we believe you.

0:05.0

This is it?

0:06.0

Now I thought the... Okay, we're officially live episode number 161 with the one and only Richard Werner if you don't know who he is

0:26.5

Let me give you a little bit of background. You're going to want to listen to today's podcast

0:31.0

and but you know sometimes you bring a guest in where maybe you're

0:36.0

not in the world where you follow a name like that. You're like, I've never heard of

0:39.1

him before. In 2003 the World Economic Forum Dav, selected him as a global leader for tomorrow.

0:45.8

He, in 1995, proposed a program or he labeled know these two words it was called quantitative

0:55.6

easing and it was written in Nikke which is the Dow of Japan but also the

1:01.0

largest financial newspaper in the world with 3 million

1:04.0

subscribers talking about the way to address some of the challenges that's being

1:09.0

faces possibly quantitative easing which later on in 2008 we ended up

1:15.2

announcing November of 2008 in US that we're going to do quantitative easing and by

1:20.6

2009 we ended up I don don't know, 1.25 trillion dollars of mortgage-backed securities,

1:27.0

200 billion dollars in agency debt, and 300 billion dollars in long-term Treasury that was bought by the government to help us bail out and

1:35.6

some say that was a good idea some say it was a bad idea today we're going to talk

1:38.7

about him if he was happy about the proposing that quantitative easing that US took and

1:42.4

then I asked them off camera and the

1:45.0

proposal in that quantitative easing that US took and then I asked him off camera and you know he did a documentary a few years ago in regards to Japan's economy and and what happened to Japan and some of the statistics that some of

...

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