/biz/ - Business & Finance

In 2014, Professor Richard Werner proved empirically that over 95% of money is created out of thin air by private banks.

He proved that banks created new digital money AFTER the borrower signs the loan contract.

In 2014, Professor Richard Werner proved that banks create new digital money to lend AFTER the borrower signs the loan contract!

In Europe over 95% of money is created by private banks. In the USA it is over 99%!

more proofs at:
bankLIESdotORG

>>50956691
There is no rehypothecating required. Banks do NOT lend out the deposits of savers, nor are they constrained by reserves. Banks simply create new, digital money out of thin air after the borrower signs the loan contract. All money is created this way. Richard Werner proved this empirically in 2014 and it is no longer in dispute.

bankLIESdotORG

>>50721208
Most of those Youtube videos that still exist are incorrect and are spreading further disinfo. They push a fake description called "Fractional Reserve Lending." It doesn't exist now and hasn't existed since 1933.

Fractional Reserve Lending pretends that banks have the money waiting in an account before the borrower arrives. But in truth, the banks create new money to lend AFTER the borrower signs the loan contract.

Richard Werner disproved the fake, Fractional Reserve" model in 2014.

Also- centralized or decentralized doesn't matter. All that matters is that the money supply must be debt-free and interest-free. It can be silver coins issued by the US Treasury, Barrel of Whiskey created by private breweries, or wooden tally sticks like those issued by King Henry I of England in the year 1100.

>>50060139
The article you referenced is full of nonsense. It references the debunked "fractional reserve" model, and the fake "money multiplier effect."

In fact, banks simply create new. digital money out of thin air when they issue loans. Banks create this new money with no need for prior reserves or deposits. Banks create new money AFTER the borrower signs the loan contract. Compare these facts to the "fractional reserve/money multiplier effect" models that pretend the money being lent exists in an account before the borrower arrives.

Richard Werner scientifically disproved the Fractional Reserve/money multiplier model in 2014.

>>50023433
Please show me the data that 95% of people in Europe understand that banks create all money.

I know you are wrong because Professor Richard Werner did a survey of people in a German college town (where most people are higher-educated than average).

How many of them knew that banks create all money? ZERO.

Most believed that the government created all money. A small minority wrongly thought that the Central Banks create all money. NONE fo them knew that private banks create new digital money when they lend for home mortgages, auto loans, business loans, credit cards, etc.

Yes, there is MORE knowledge of the banking scam in Europe, but only a tiny minority of the population understands how the scam works.

bankLIESdotORG

Aw, hell naw! Not all crackuz is bad, jack! Here be German mofo professor Richard Werner talkin' bout some empirical study that proved banks create new money out of thin air (digitally, in their computers) AFTER the borrower signs the loan contract.

This mofo publish that sheet in a peer-reviewed journal in 2014, and ain't a lone soul refuted he scientific study in all dem long days, child.

Aw, Shazam, bee-ach! Here be the link to dat 'ole 22 page peer-reviewed scientific study:
https://www.researchgate.net/publication/265909749_Can_Banks_Individually_Create_Money_Out_of_Nothing_-_The_Theories_and_the_Empirical_Evidence

>>49410282
Richard Werner got access to study bank computers during the funding of a 200,000 Euro loan. He proved that this money being loaned by the bank did not come from any existing bank account or from reserve account at the central bank; it was 100% new money created digitally in the bank's computer. Since Werner published his results in 2014, many Central Banks have admitted be is correct. In 2014, the Bank of England admitted that banks create new money out of thin air after the borrower signs the loan contract. Richard Werner is a hero. You are the midwit who is incapable of understanding his accomplishment.

Yes, the 12 Fed banks sometimes create money out of thin air to buy shitty paper assets from private banks (QE, etc.). Yes, this gives banks an incentive to make risky loans. But the 12 Fed banks are private, bank-owned corporations, NOT government agencies.

In 2014, Richard Werner published the first empirical study of the money creation mechanics. He proved that banks create new, digital money out of thin air when they issue loans. He concluded that over 97% of the money supply is created by private banks lending.

Therefore, private banks cause inflation, NOT GOVERNMENT.

bankLIESdotORG

>>49260934
You're damn right, brother! Thank God people are waking up! Banks create all money digitally when they issue loans with no prior need for deposits or reserves. The "Fractional Reserve" model shown in OP's picrel is nonsense. Richard Werner proved this empirically in 2014.