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with Richard Werner Interview

“What our generation has forgotten is that the system of private property is the most important guarantee of freedom, not only for those who own property, but scarcely less for those who do not. It is only because the control of the means of production is divided among many people acting independently that nobody has complete power over us, that we as individuals can decide what to do with ourselves.”
~ Friedrich August von Hayek, The Road to Serfdom

By Catherine Austin Fitts

This week, I am pleased to welcome back Professor Richard Werner, the world’s leading scholar on central banking. Richard is a London School of Economics and Oxford-educated economist, a professor of banking and economics, an authorized investment adviser, an economic adviser to governments, and author of the best-selling 2001/2003 book Princes of the Yen (turned into a documentary in 2014).

As I talk with subscribers and allies about stopping the control grid, I find them needing to understand that abundance is possible. No one explains this better than Richard, who gave an excellent presentation in Sweden in 2022 highlighting the case for abundance and the economics of what I call a decentralized, bottom-up Building Wealth Reset.

In our conversation this week, we focus in particular on the importance of liquidity in the dollar and the need for banks and transaction systems that cannot be controlled from outside the state. As Richard emphasized in his outstanding article about sovereign state banks in The Future of Financial Freedom, local banks and credit unions are the lifeblood of small and medium-sized enterprises and hence, thriving local and state economies. He also touches on the enormous potential for local currencies.

Note: We are making this interview public and encourage you to share it with your bankers and state and local officials.

Related Solari Reports:

The Greater Taking and How to Stop It

Blast from the Past: Week of April 17, 2023: Prof. Richard Werner – The Case for Abundance

The Future of Financial Freedom

Other Related Resources:

Richard A. Werner (website)

“The Many Excuses for Central Control” (Catherine Austin Fitts with Professor Richard Werner), Session 4 of Doctors for Covid Ethics Symposium, June 11, 2022: Freedom is the Cure: Unpacking & Defeating the Medical Tactics of a World Takeover

Richard Werner on CBDCs: How They Prepare You to Be Their Slave

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16 Comments

  1. our new jersey democratic majority legislators are creating new legislation to destroy the integrity of our already compromised election system, our public school system, our open public records system so government has less accountability to its citizens and a few days ago with the passing of an overhauling of our affordable housing act that will put local government and homeowners into a debt trap and what I feel and Catherine states will be a future landgrab for the central planners. Trying at a local level to get more freedom fighters into local government and trying to get more people to wake up here in New Jersey before it’s too late. Thank you Catherine and Richard for an excellent presentation. I will try to share with some local banks, local organizations and legislators.

  2. Thanks for this, Catherine. Always a pleasure to see and listen to Professor Richard Werner. He is definitely my favorite economist! FYI, I came across recently a book entitled “Money and Magic: A Critique of the Modern Economy in the Light of Goethe’s Faust”. Richard writes either the epilogue or prologue for the book. It is a fascinating read. I’d love to be able to invite Prof Werner to New Zealand one day. Who knows, with the Wicked Witch of Wellington now gone (she’s in the USA now!…), NZ might be ready for him. Best wishes to both you and Richard.

  3. Quotes from website below https://www.aminet.comL “An investment in knowledge pays the best interest.” Benjamin Franklin / “Goodness is the only investment which never fails.” Henry David Thoreau

  4. I know that investing in your family or people is a recommendation Solari has made. Tried and true – and I just found a company that advises on this specifically – a Family “Bank”. Thought you might be interested. Here is NYT article on man who runs this advisory company and his motivation for starting this: Loans From a Bank Supported by the Family Tree https://www.nytimes.com/2013/06/01/your-money/a-building-and-loan-built-on-the-family-tree.html
    http://www.aminet.com/contact_us.html
    https://pitchbook.com/profiles/limited-partner/51958-36#overview
    https://www.linkedin.com/in/warner-king-babcock-8ab51112?original_referer=https%3A%2F%2Fwww.google.com%2F

  5. It was so good I listened to it twice. Listening to intelligent, coherent people helps me stay sane.

  6. Richard Werner is the first Economist to really make monetary sense to me. And I have an Economics degree. Totally opened my eyes to the potential a central bank can provide to local economies, if applied correctly. And having empirically shown that interest rates are lagging and a result of growth/recession and not the other way ’round…This is certainly not what has been or is being taught, is it. Thank you so much for getting him on the Dream Team!

  7. This was very insightful. Thank you Richard and Catherine.

    Where can I find more info on the necessary (and sufficient) conditions for local propserity? I would be interested to hear and read more, but more focussed on the European, Dutch situation.

  8. A very entertaining and valuable lesson.
    One takeaway was North Dakota. I can imagine some one saying “but we are too small, we cannot have our own bank”. Well, the population of North Dakota is less than one million, so that’s very possible.
    I had hoped to hear a comment on government deficit spending from Professor Warner. I suspect that might be in the region of “central planning on steroids”, but maybe he will address that at some future interview.

  9. As much as I enjoy the exclusive content and, in general, I think it is fine to keep most of your analysis behind a paywall. However, since you are actually pushing this as a political movement, you may want to create free section on your site that has a resources like this for state legislators and their aides.

    I am wondering if it is possible to also make blueprint, business plan or pitch deck for legislators to show how it would be financially benefical to their state and funding their own legislative agendas if they had a sovereign state bank. Telling them that they will have a great source of funding may work better than just appealing to their better nature. And you can always pitch it other ways as well.

      1. Thank you for posting the links. It is a bit difficult to track down on the website.
        This is a bit of feedback, it is my opinion and you may already have some feedback or more information on how to present this. Just having spent the last few years presenting to investors, they are busy and even if they are financially savvy, they are lazy about looking things over so you get maybe 1-3 minutes to make your case.
        As far as the pitch, Richard Werner did a great job as an academic white paper, but it reads as an academic white paper. If you assume that you just have 30 secs to get someone to hook someone and get them to keep reading, then for a pitch you want to bring the biggest points right at the beginning in a very simple way.
        To me, it seemed some of the more powerful aspects were in section V(c). These are things that directly benefit the people you are pitching. I would lead a pitch with these.
        I also liked the bar graphs on new bank charters in section III(b) in the lack of entry section. These graphs are powerful because it is just really easy to see at a glance that something really went wrong in 2008. They don’t tell the whole story, but it is good as a hook and made me then want to look at the other graphs to see why. Also, 2008 break makes an obvious link to financial shenanigans.
        So a very simplified version of a pitch is Problem, Solution, and then Why the solution is fantastic – here are more details. An alternate way is Hook, Problem, Solution, and then Why.
        A rough example is:
        Problem – Over the past decade, money has been flowing out of the state of Tennessee due to financial centralization. It depresses the economy, decreases tax revenue, and most importantly, is destroying the ability of Tenessee and its citizens to control their own financial destiny.
        Solution – Creating a State Sovereign Bank solves these above issues, boosting the economy and the state budget. More importantly, it ensures the state and its people have control over their own finances and allows them to save and invest their money back into the communities that make Tennessee great. Even better, the bank is itself provides long-term positive ROI for the state.
        Here is why this works . . .
        There may be better ways to say it but if you can get it down to a few sentences like this, you can relay it in seconds. Also, the champions in the legislature also have a way to relay it quickly to less interested colleagues.

  10. Looking forward to your upcoming talk. 
    In the mean-time here’s another great talk of his at Capital Club Dubai:

     https://www.youtube.com/watch?v=IKTCRLS1tz0

    And if you’ve not already viewed Prof Werner’s two-part commentary on Tucker Carlson’s interview with Putin, I highly recommend. He gives historical information that is, I think, not commonly known and it certainly can open up viewers to review historical “facts” through another new lens and also encourage further investigation.

    Dealing with the propaganda that Americans have been fed, I like the book/study guide “One Story to Rule Them All” by Michelle Stiles, who was featured on the Solari Report, Soft Mind Control with Elze van Hamelen, an excellent interview.

    Thanks for turning us on to Prof Werner and all the rest.

    1. Great comprehensive explanation of how this all works and how it is planned to work. Keep our banks. Stop digital slavery. No cdbc.

    2. Monty, where can I find Prof. Werner’s 2 part commentary on Tucker Carlson’s interview with Putin.

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