Prof. Richard Werner is a world-renowned economist, professor of banking, and author of Princes of the Yen. Famous for coining the term "Quantitative Easing" (QE) and publishing the first empirical proof that private banks create money out of thin air through lending, he has spent decades exposing the central planning mechanisms that dictate global finance.In this episode, we discuss the ”Revealed Preference" framework - demonstrating why we must analyse central bankers by their actions rather than their rhetoric. He explains how central planners use artificial recessions and banking crises as "windows of opportunity" to consolidate ownership, why textbook economics deliberately obscures credit creation, and how establishing decentralised local banks can unlock sustainable 10%+ annual growth.- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -TIMESTAMPS:00:00:00 - Central Bankers Are Traitors To Their Countries00:01:04 - Why Can't Britain Grow?00:06:50 - Princes Of The Yen00:11:19 - It Was Always About Control00:13:38 - Banks Don't Lend Your Deposits00:14:27 - Show Me Where The Money Is Created00:16:14 - Every School Of Economics Gets It Wrong00:20:14 - Why Would They Do This?00:21:57 - Britain Is Close To Central Planning00:22:46 - America Once Had 30,000 Banks00:27:48 - The Problem Was Identified In 191800:31:18 - Who Runs The City Of London?00:33:46 - We Need Thousands Of Small Banks00:38:14 - First The Money, Then The Power00:44:04 - Every Country Can Have 10% Growth00:47:12 - Liz Truss And The Bank Of England00:50:23 - We Don't Need Central Banks00:52:22 - Were The Austrians Right?00:57:35 - They Want Your Savings00:59:21 - Europe's New Right- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -CONTACT PETE› Website – http://petermccormack.com› Feedback – https://www.petermccormack.com/contact› Email – me@petermccormack.com› Instagram – https://www.instagram.com/mccormack555/› X/Twitter – https://x.com/petermccormack/CONNECT WITH RICHARD WERNER› Website – https://professorwerner.org/› Substack – https://rwerner.substack.com/› Princes of the Yen – https://www.quantumpublishers.com/› X/Twitter – https://x.com/drrichardwernerSPONSORS› IREN – https://www.iren.com/› Arch Public – https://archpublic.com/peter› Venice AI – https://venice.ai/ – Code PETER15- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -LISTEN / SUBSCRIBE› Apple Podcasts: https://apple.co/40ruY9K› Sp