{"id":201935,"date":"2021-12-27T12:00:27","date_gmt":"2021-12-27T12:00:27","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=201935"},"modified":"2025-01-10T15:08:19","modified_gmt":"2025-01-10T15:08:19","slug":"prof-werner-brilliantly-explains-how-the-banking-system-and-financial-sector-really-work","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2021\/12\/prof-werner-brilliantly-explains-how-the-banking-system-and-financial-sector-really-work\/","title":{"rendered":"Prof. Werner Brilliantly Explains How the Banking System and Financial Sector Really Work"},"content":{"rendered":"<p style=\"text-align: center;\"><em>Power, Privilege, Riches, Control&#8230;<br \/>\n<\/em><\/p>\n<p>httpv:\/\/www.youtube.com\/watch?v=EC0G7pY4wRE<br \/>\n<em><strong>Richard Andreas Werner (born 5 Jan 1967) is a German banking and development economist<\/strong> and a professor at De Montfort University. He has proposed the &#8220;Quantity Theory of Credit&#8221;, or &#8220;Quantity Theory of Disaggregated Credit&#8221;, which disaggregates credit creation used for the real economy (GDP transactions) on the one hand, and financial transactions on the other. \u00a0In 1995, he proposed a new monetary policy to swiftly deal with banking crises, which he called &#8216;<a target=\"_blank\" href=\"https:\/\/en.wikipedia.org\/wiki\/Quantitative_Easing\" >Quantitative Easing<\/a>&#8216;. He also first used the expression &#8220;QE2&#8221; in public, referring to the need to implement &#8216;true quantitative easing&#8217; as an expansion in credit creation. In 2014 he published the first empirical evidence that each bank creates credit when it issues a new loan. <\/em>Wikipedia<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power, Privilege, Riches, Control&#8230;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[168],"tags":[1023,2101,232,2716,550,555,562,2231,2229,626,1289,610,1624,2059,2198,2060,2718,70,1557,1700],"class_list":["post-201935","post","type-post","status-publish","format-standard","hentry","category-in-depth-videos","tag-banksters","tag-blackrock","tag-capitalism","tag-cop26","tag-corruption","tag-elites","tag-finance","tag-fiscal-paradises","tag-great-reset","tag-greed","tag-imf","tag-inequality","tag-mafia","tag-organized-crime","tag-post-capitalism","tag-profits","tag-pyramid-schemes","tag-usa","tag-wall-street","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/201935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=201935"}],"version-history":[{"count":1,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/201935\/revisions"}],"predecessor-version":[{"id":284665,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/201935\/revisions\/284665"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=201935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=201935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=201935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}