Prof. Richard A. Werner. Empirical, fact-based economics. Retweets not an endorsement or agreement. Likes are merely bookmarks. See also @professorwerner

Planet Earth
Virtually all economics since Ricardo been based on equilibrium paradigm.Key corollary: thesis that lower interest rates lead to higher economic growth. 1st empirical test of all classical,neoclassical,Keynesian, post-Keynesian, monetarist,new class econ: sciencedirect.com/science/ar…
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It's a long list...
Here's an Israeli official making a list of the countries that walked out during Netanyahu's speech.
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It's late... The plan is NOT to save the system and to usher in a new one, even worse for ordinary people...
Is it too late to save the financial system? I sat down with Richard Werner, the man who coined QE, to discuss $40T of exponential debt, interest payments bigger than the Pentagon budget, and paper claims growing twice as fast as the real economy. We cover: ➡️ Why debt is unsustainable, and why nobody in power is cutting spending ➡️ How killing thousands of small banks hollowed out the middle class ➡️ QE2 in 2020 as a gratuitous money dump into consumption ➡️ Stablecoins as a backdoor toward digital control ➡️ Petrodollar, energy, and what happens when Treasury yields actually price risk Werner thinks productive credit and ending the wars could still change the math. I came away unconvinced the current crop will do any of that. A body in motion stays in motion, and its current trajectory leads to financial and monetary chaos. Watch Episode 3 of "Is It Too Late": peakprosperity.pulse.ly/4beu… New episodes every Wednesday.
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Disgusting disrespect to authors and researchers, and books!
🦔Someone is buying Japanese used books by the ton. Not novels or comics. Philosophy, history, medical law, Edo-period cultural texts. Multiple buyer accounts all ship to one logistics center in Okayama Prefecture that won't answer questions. Export records show over 50 tons, roughly 100,000 volumes, shipped to the US since last year. No buyer has been identified. Separately, court documents confirmed Anthropic's "Project Panama" bought millions of books in the US, cut the spines off, scanned them, and shredded the originals. An internal memo said the goal was to "destructively scan all the books in the world." Similar operations have been reported across Europe. My Take Anthropic's US book operation came out in court filings earlier this year. Project Panama. Millions of books, cut the spines off, scanned, shredded. Their VP chose the codename so nobody outside the company would find out. That story broke and apparently the same operation just moved to Japan. Anonymous buyer accounts, a warehouse in Okayama that won't take questions, and 100,000 volumes of specialized academic texts that nobody buys to resell. I don't know how you build a trillion-dollar industry on material you had to acquire in secret through middlemen because you knew the public would object. Authors spent years on those books and now they're fed through a scanner and thrown away so a chatbot can sound smarter. If the data was free to use, they wouldn't need codenames and anonymous warehouses. The lawsuits over who owns this material have barely begun and I think the copyright exposure across the whole AI industry is enormous. Anthropic's internal memo said the goal was every book in the world, which describes the foundation of the product. Hedgie🤗
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Never too late!
I can't believe I missed this 3 hour conversation with Richard Werner last year. @scientificecon goes into detail about how bubbles are created by the banking system (private credit today) and how they implode. HT @BeTheChain piped.video/watch?v=StTKHskg…
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Richard Werner retweeted
Hey @grok, Out of the 796 schools in Gaza, what percentage of schools were bombed by Israel? Start with the total PERCENTAGE.
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This is what an objective and scientific researcher looks like and this is what he says.
Yes, what I said, exactly! And here is a more recent picture of me.
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My mom, aunt, uncle and grandmother were thrown into a concentration camp after having been ethnically cleansed and robbed by the Czechs, with approval of the UK and US. In 1946, when the war had been over for a while.
Between 1945 and 1950, 12-14 million Germans were ethnically cleansed from Eastern Europe. Half a million were murdered for the crime of speaking German. Children were lined up and shot. Hundreds of thousands were thrown into the same camps the Germans had used; where they were tortured and deliberately starved to death. Why does no one talk about this? booksbehindborders.org/p/mil…
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Richard Werner retweeted
The depth of Israel's international isolation is difficult to fathom if you're just watching mainstream media. But these images do not lie. Look at all these delegates leaving the General Assembly in protest as soon as Netanyahu takes the podium... nitter.net/RimaHas/status/2102652…
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Yes, it's the EU dictatorship that's doing things like that, here in Romania.
In another major crackdown, Putin's police arrest a leading opposition politician for calling for an end to the war.
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Richard Werner retweeted
„Die Bundeswehr mußte zwar nicht - Zeichen besonderer amerikanischer Sensibilität - die DDR verwüsten, dafür aber wurden die Europäer gezwungen, mit ihren Trägern eine Atombombe auf die Sowjet-Union zu werfen. Alle Nuklear-Einsätze gingen vom Boden der Bundesrepublik aus. Aus diesem Szenario mußten die Europäer einige bittere Lehren ziehen. Der US-Präsident ist zwar verpflichtet, die Verbündeten vor einer Entscheidung zu konsultieren - aber nur wenn »Zeit und Umstände« es erlauben.“ (…) „Selbst die bisherigen Verfechter einer Modernisierung haben inzwischen erkannt, daß nach der US-Strategie gerade Atomwaffen mit kurzen Reichweiten offenbar nur den Sinn haben sollen, den Krieg auf Europa zu begrenzen. Sie dienen nicht der Anbindung der USA an Europa, sondern der Entkopplung. »Mit dieser Art des Kriegsspiels«, so ein Hardthöhen-Beamter, »haben die Amerikaner sich selber dekuvriert.«“ spiegel.de/politik/wir-europ…
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The vaccine-insured are treated so badly by the establishment, because from the viewpoint of the establishment they are at fault: they were supposed to be dead, but have managed to hang in there. So everything is done to make life even harder, near-impossible.
Horrifying... Michelle Worton was a nationally recognized dental professional. She sat on the College of Dental Hygienists in BC. She took the COVID shots because she was mandated to as a regulated healthcare professional. Within an hour of dose 1: racing heart, erratic blood pressure, chest tightness. Within 48 hours of dose 2: severe neurological onset - double vision, tunnel vision, tinnitus, incontinence, dizziness, inability to regulate temperature. Her first doctor blamed it on menopause. Since then: → 8+ white matter brain lesions → Cystic masses in her liver, pancreas, cervix, breasts, and BRAIN → A brain cyst so large it was compressing her skull - Canada wouldn't operate → She sold her dental practice, drained savings, crowdfunded $148K USD for private brain surgery in the US → Over $300K spent on medical care to date → Denied plasmapheresis in Canada in July → Told to hide her vaccine injury to even get a referral accepted → Stroke discovered in 2024 - never told → Spends 90% of her time in bed → Her children became her caregivers → She does not know how long she will live She was told the shots were safe and effective. She was coerced. Coercion is not consent. And when she was injured, she was abandoned, gaslit, mocked, and censored. Millions took the shot because they were mandated - to keep their jobs, their licenses, their livelihoods. Millions more took it because they believed the mantra: "safe and effective." They did what society told them to do. To abandon them when they're injured is a betrayal. To gaslight them, dismiss them, and deny them care is morally wrong. You don't get to mandate something and then pretend the casualties don't exist. Michelle Worton deserves care. Every vaccine-injured person deserves care. "No one left behind" was the promise. It was a lie.
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Thanks for putting it into one sentence!
Replying to @ProfessorWerner
This is the best summary of our tragedy: Eugenic Establishment is angry at Vaccine Injured- They are supposed to be dead, not f-ing compaining
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For a view on how Western secret services see things, including Trump's attempts to end the NATO proxy war against Russia, see this post.
GeoConfirmed UKR - Misinformation by President Trump. While we typically refrain from political commentary, President Donald Trump's recent statement regarding the war in Ukraine is so egregious that we feel compelled to respond. Several claims made by President Trump have already been debunked. We've included responses from Grok AI for each claim, demonstrating that even Grok refutes the misinformation spread by the president. In this thread, we will provide geolocated footage as a reminder to everyone that Russia invaded Ukraine on February 24, 2022, marking the beginning of this war. 1) The United States has not spent $350 billion on this war, nor has it outspent Europe by $200 billion. In fact, European contributions have surpassed those of the US. Moreover, a significant portion of the American military aid (around 90% !) is spend in the US, reinvesting in the US economy. statista.com/statistics/1499… eeas.europa.eu/delegations/u… ifw-kiel.de/publications/new… csis.org/analysis/where-miss… (Grok: nitter.net/i/grok/share/9grtpN5K2…) 2) President Zelensky did not claim that half the American money sent to Ukraine is "missing". He stated that half of the promised funds had not been received, which is a crucial distinction. csis.org/analysis/where-miss… politifact.com/factchecks/20… edition.cnn.com/2025/02/19/p… (Grok: nitter.net/i/grok/share/x2J4XJgAu…) 3) Ukrainian constitution prohibits elections during wartime, a measure designed to protect the democratic process from foreign interference, particularly given Russia's known capabilities in this area... foreignpolicy.com/2023/07/11… edition.cnn.com/2024/03/30/e… united24media.com/war-in-ukr… (Grok: nitter.net/i/grok/share/iNgj4reyI…) 4) President Zelensky is not a dictator, as evidenced by Ukraine's constitutional framework and his commitment to holding elections once hostilities cease. In contrast, it's worth noting that President Putin consistently wins elections in Russia with implausibly high percentages of votes, with opposition that 'falls out of windows", is poisened or jailed, raising questions about the true nature of Russia's electoral process. europarl.europa.eu/doceo/doc… oscepa.org/en/news-a-media/p… osce.usmission.gov/on-the-ru… japantimes.co.jp/news/2024/0… bbc.com/news/world-europe-68… (Grok: nitter.net/i/grok/share/aK1JCZlsa…) 5) President Zelensky has a approval rate above 50% and not 4%. 4% is Russian disinformation. edition.cnn.com/2025/02/19/p… kiis.com.ua/?lang=eng&cat=re… euronews.com/2025/02/19/zele… abcnews.go.com/International… (Grok: nitter.net/i/grok/share/IHyHHTkKe…) 6) There was no NATO expansion to the East, as NATO itself cannot expand. Instead, democratic countries independently decide whether they want to become members of the alliance. The process of joining NATO is voluntary and involves multiple steps, including meeting specific requirements and completing a formal application process. The fact that many of Russia's former neighbors have chosen to seek NATO membership speaks volumes about their perception of Russia and their desire for collective security. The decision of these nations to pursue NATO membership reflects their sovereign right to determine their own foreign policy and security arrangements. It also indicates a preference for the stability and security guarantees that NATO membership offers, rather than remaining under Russian influence. Regarding the famous 'promise': Article 103 of the UN Charter establishes a clear hierarchy in international law. It states that obligations under the UN Charter prevail over obligations under any other international agreement in case of conflict. This supremacy extends beyond just treaties, as it is generally understood to also apply to customary international law. The hierarchy can be summarized as follows: 1) UN Charter obligations 2) Other treaties and customary international law 3) Non-treaty international texts 4) Political promises or commitments 5) Historical claims Russia's invasion of Ukraine clearly violates fundamental principles of the UN Charter, including the prohibition on the use of force against the territorial integrity of another state. Any attempts to justify this action based on lower-ranking considerations like political promises or historical claims are legally irrelevant. euvsdisinfo.eu/report/there-… nato.int/cps/ra/natohq/11520… iir.cz/lies-provocations-or-… (Grok: nitter.net/i/grok/share/fb5Fnn3Do… and nitter.net/i/grok/share/NgIPkpYvJ… and nitter.net/i/grok/share/NgIPkpYvJ…) 8) Who initiated this nearly three-year-long war? RUSSIA. As a platform that has analyzed over 50,000 frames/videos related to the conflict, we will remind the president ,with geolocated footage, who started this war: RUSSIA. Russia invaded Ukraine on February 24, 2022, despite repeatedly denying any plans for invasion in the preceding days. nitter.net/Mike_Pence/status/1892… edition.cnn.com/2025/02/19/p… (Grok: nitter.net/i/grok/share/m1W0ZufMq…) --- 24 FEB 2022 - Russian tanks crossing the border from Belarus into Ukraine in Senkivka. 52.106063, 31.780644 4Q4J+C7C Sen'kivka, Chernihiv Oblast, Ukraine Sources: nitter.net/Conflicts/status… 1/11
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CIA and MI6 plus local secret services under "Operation Gladio" have been killing civilians in Western Europe through "terrorism" blamed on the far left or right. They've also used their assassins to kill popular but "inconvenient" leaders. Such as Aldo Moro. He did a JFK in Italy (indeed had been discussing this with JFK) and issued government money, challenging the bankers. He issued BIGLIETTO DI STATO A CORSO LEGALE. Kidnapped and killed by "extreme leftists".
Want to know something that sounds too crazy to be true? NATO bombed its own allies' cities for decades. On purpose. To control elections. This isn't a theory. Italian Prime Minister confirmed it in 1990. Files got declassified. Historians documented the whole thing. Operation Gladio (sword in Italian) The setup: After WWII, CIA and MI6 created secret armies across Western Europe. Stay-behind units. Hidden weapons caches. Trained operatives. Italy, Greece, Turkey, Belgium, Spain, Portugal, France. Official reason: if Soviets invade, these cells resist from inside occupied territory. That's the cover story. Here's what they actually did: Piazza Fontana, Milan, 1969. Bomb kills 17 people. Blamed on leftist anarchists. Massive crackdown on the left. Turns out it was neo-fascists working with Italian military intelligence. This went on for years. The Years of Lead in Italy. Bombings. Assassinations. All blamed on communists. All actually done by right-wing extremists coordinated with intelligence services. Why? Strategy of tension. Keep people scared. Make them blame the left. Prevent communists from winning elections. Democracy only works when the right people win. Greece 1967. CIA-backed military coup. Overthrows elected government. Gladio units help coordinate it. Because Greeks were about to vote wrong. Turkey. Through the 1970s and 80s. Gladio units became the deep state. Assassinations. False flags. Operating independently while Turkey stayed in NATO and everyone pretended not to notice. 1990. Italian Prime Minister Giulio Andreotti stands up in parliament and confirms it all. Shows documents. The network existed. Those operations happened. America and Britain knew the whole time. Swiss historian Daniele Ganser spent years documenting it. His book "NATO's Secret Armies" lays it all out. Not theory. Facts. But somehow this never makes it into mainstream history. NATO talks about defending democracy while we have proof they spent decades manipulating elections through terrorism in allied countries. When I learned they'd been bombing European civilians for 40 years to control politics, I stopped being surprised by anything they do.
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Which military will allow their officers "to resign their commission" once they have declared war? That moment it will be considered treason. Nobody will be allowed to quit.
NATO and the West have an intractable problem re their desired war against Russia. Native white civilians will simply refuse to fight, but it is much worse (for corrupt NATO) than this. I'll tell you why. Various friends of mine have sons in the military. Social events built around their sons included lots of female officers in the Army and Navy. When I talked to them about a future war, ALL of them said they would immediately resign their commissions if a war was imminent. ALL of them stated they joined the military to boost their CVs. None of them stated they joined because of a patriotic love of country for which they were prepared to be killed in action.
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Hungary is currently revvying up domestic propaganda to get people ready to drop the Hungarian currency and subjugate themselves to the euro. Everyone should read what happened to Finland after it dropped its currency.
I would argue that you're seeing the most visible (violent) decline in Finland. In the late 1990s, we were the model country. We were high on the tech, had a supreme education system, and had excellent infrastructure, with an egalitarian, rapidly growing economy. We had it "too good," and the Finnish success story needed to be ended. So, in 1999, PM Paavo Lipponen and @niinisto took us to the euro. The aim of this was to slowly strangle our economy, which proved to be very successful after the GFC (2008). Then PM @jyrkikatainen sold us to Europe by agreeing to the (illegal) Greek bailout against the will of the Finnish populace and then sold our electricity distribution to foreign investors (through Caruna Corporation). PM Juha Sipilä opened our borders to the invasive force in 2015 and destroyed our taxi business with the help of @elinavaltonen . The abysmal government of the abysmal PM @MarinSanna destroyed our economy and constitution with the Corona lockdowns and took us into NATO without a referendum. The government of @PetteriOrpo welcomed US troops on our soil while closing our eastern border, effectively killing our economy. Now the same government is celebrating a mediocre economic growth driven almost solely by a data center takeover of our nation (which we have no electricity to run). All this time, the Ministry of Agriculture and Forestry has done its utmost to undermine our food production, while @Opetushallitus has unleashed a campaign to eradicate our education. Both of them, most likely led by high-ranking Freemason civil servants in those organizations, have been highly successful in their deeds. We have fallen the farthest, I argue, and keep falling further because we have been selected to lead the next front against Russia. Our politicians should be punished severely for their traitorousness. @SariEssayah @ir_rkp @AnttiLindtman @hirvelanjuho @Sakerui2025 @SakariPuisto @mmm_fi
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Brainwashing white people to die.
🚨🇪🇺 NATO just dropped this new promotional clip - to support all the other War Propaganda currently being fed for the masses, as Europe prepares for war with Russia. Note how there isn’t a single bit of ‘Diversity’ anywhere to be seen. Why? The Deep State Globalists are only interested in sending White Christian Europeans to their inevitable Death.
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Bolsheviken tarnen sich gerne als etwas anderes.
Merkel hat Deutschland so sehr geschadet wie kein anderer Politiker seit dem zweiten Weltkrieg. Dabei hat sie auch die CDU schwer beschädigt. Dass die CDU nun ausgerechnet in ihrem Bundesland, ihrem Heimat-Landesverband, das erste Mal aus dem Parlament fliegt, ist eine schöne Pointe der Geschichte. Ihr Zerstörungswerk kann als vollendet betrachtet werden.
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No more prosperity for Germans, says government chief Merz. We know, the German money is being sent to non-Germans. At least he's admitting his crimes, for now.
❗️ Nochmal anhören: Der Kanzler sagt, dass das "Geschäftsmodell Wohlstand" für Deutschland Vergangenheit ist. Und dass es auch nicht wiederkommen wird. +++ Die Bedeutung dieser Worte geht über alles Vorstellbare hinaus +++
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Richard Werner retweeted
Ukrainians living in occupied eastern Ukraine are mainly Russian speaking and are happy with their situation. Kiev, after all, was shelling them from 2014 onwards. Ukrainians living to the west don't want to fight for the eastern Ukrainians. Which is why they have to be press-ganged to do so. Russia doesn't want Western Ukraine. It simply wanted a land corridor to Crimea, which is Russian speaking and Russian supporting. The only people who wanted this war was NATO and the West. These monsters have now killed and maimed close to 3 million Russian and Ukrainian Slavic brothers. Nuremberg 2.0 for Obama, Biden, Nuland, Von Der Leyen, Zelensky etc. War criminals all.
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