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The Peter McCormack Show

#214 - Prof. Richard Werner - "They Are Traitors": How Central Banks Sabotage Wealth & Create Crises

By Peter McCormack

Aired Sep 22, 2026 · 1h 6m · Last boosted 3h ago

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Show Notes

Prof. Richard Werner is a world-renowned economist, professor of banking, and author of Princes of the Yen. Famous for coining the term "Quantitative Easing" (QE) and publishing the first empirical proof that private banks create money out of thin air through lending, he has spent decades exposing the central planning mechanisms that dictate global finance. In this episode, we discuss the ”Revealed Preference" framework - demonstrating why we must analyse central bankers by their actions rather than their rhetoric. He explains how central planners use artificial recessions and banking crises as "windows of opportunity" to consolidate ow...

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