In 2020, this policy was misused to intentionally create inflation

Werner's London-based community interest company, Local First, provides communities with the know-how to set up local community banks

Creating lots of local community banks will decentralize finance, make communities more resilient and help us avoid the implementation of central bank digital currencies (CBDCs)

The intent behind CBDCs is complete control by central banks over populations. The central controllers will decide if, when and how you may spend your money, and can use this monetary control to enforce compliance with any and all global governance agendas

In the featured video, Ivor Cummins interviews professor Richard Werner, author of "Princes of the Yen — Japan's Central Bankers and the Transformation of the Economy"1 on "The Fat Emperor Podcast." Werner has a Ph.D., in economics from Oxford University. He was a visiting scholar with the bank of Japan back in the 1990s.

In 1995, he created a monetary policy known as quantitative easing, which is intended to help banks get out of financial crises more rapidly and avoid long-term recession.