Loading ...Werner on Central Banks and War (and the brothers Warburg)
https://x.com/i/status/1950526047159795824
The entire vid (posted last night) should not be missed.
Sundance summarizes the significance of it all
When you understand this interview, and when you understand the details of Trump’s main street econ policies, then you understand who “they” are; the people who oppose Donald Trump. It’s not a Democrat / Republican thing.
BANKS! and the People who control them.
Thanks perdo
Got it cued up
The key question that arises for me is, without engaging in “central planning” how do you re orient Credit Creation to favor more lending to productive small business growth and innovation (employment), relative to consumption (autos, housing, vacations, lattes), assets (stocks and bonds and real estate), and government finance (war)?
Small businesses tend to fail.
Whereas, lending to governments is more secure (thanks to Income Tax).
Lending to large firms is less costly.
Lending to households is appealing because cars and homes and real estate are also collateral.
So banks are incentivized to steer the other way.
How about State Banks..a la South Dakota
North Dakota, yes.
And Werner mentions it.
Catherine Austin Fitts has been studying that model for years.
I’d be interested in reading up on the politics of it.
Why hasn’t it been copied elsewhere?
Werner again
https://solari.com/organizing-a-sovereign-state-bank-with-professor-richard-a-werner/