This is a very deep dive into our Ponzi scheme pseudo-economy. It will be very long and still not a complete explanation.

I’ll provide a lot of videos in this post that contain very important information. Altogether, I estimate there will be around 10 hours of video. I know that’s a lot, but the economy is extremely complicated and not easy to explain. Even 10 hours won’t be enough for a complete explanation. For example, in one of my recent posts, I discussed the hidden narco-economy, about which we know almost nothing. That’s why I also thought it was worth sharing my recent post about 5 Star Trust, which explains a part of that hidden economy we know very little about.

Here’s the post I’m referring to:

Mind-blowing: ‘FIVE STAR TRUST’ — how drug money is laundered and how our Western Capitalist Criminal Empire of Evil operates.

Let’s start with the main video attached to this post. It’s an interview with Richard Werner on Tucker Carlson’s YouTube channel. Those who follow my posts should already know who Richard Werner is, since I previously shared a documentary based on his work in one of my earlier posts.

Here’s the post I’m referring to:

How Central Banks Have Seized Power Over Our Societies (The Story of Japan and What I Think Will Happen in Europe)

I am well aware of Richard Werner’s work, though I’m not completely sure he’s right about everything. Still, the main video attached to this post - an interview with him on Tucker Carlson’s YouTube channel - offers a great, accessible explanation of the real economy. It’s a good place to start if you want to understand how our currency system works.

There are three economists I hold in high regard: Richard Werner, Steve Keen, and the one I respect most, Michael Hudson. All three share one important view: they acknowledge what Richard Werner explains in the main video - that private banks are the ones creating money. However, each of them proposes different solutions for what to do about it.

I understand Richard Werner’s attitude and arguments in favor of small banks. But at the same time, I question why we need private institutions that can create money at all. Why can’t banks simply lend their own funds instead of creating new money out of nothing? Steve Keen, for example, argues in favor of CBDCs (Central Bank Digital Currencies) because he believes the power to create money should rest solely with the state - just as many people mistakenly believe it does now - rather than with private entities.

Of course, CBDCs bring their own problems. I’m not entirely sure they’re a good idea. In my view, it might be safer not to have any institution capable of creating money. Growth might be slower, but it would likely be more stable. Still, a CBDC issued by a state-owned bank would, in my opinion, be better than the current system where private banks create money.

It’s important to note, though, that the ECB is not a state bank. A CBDC created by the ECB would still amount to money created by a private institution, not by a true state bank. That wouldn’t solve the core problem. However, if the ECB were under the democratic control of the European Union - without an unelected European Commission - it might work. Even so, I believe the safest and best solution would simply be to strip banks of the ability to create money altogether. If a bank wants to lend, it should do so with its own money - not by creating new money.

Of course, I don’t claim to be the ultimate authority. While I know and understand a lot, I also study many topics beyond economics, so there are people more knowledgeable than me in this field. Personally, I’d love to see a debate between Richard Werner, Steve Keen, and Michael Hudson so we could move closer to finding the best possible solution.

Finally, while Richard Werner provides an excellent explanation of the basics of banking and money creation, for those more interested in the history behind it all, I highly recommend the work of Michael Hudson.

Here’s one example of a great lecture by Michael Hudson where he explains the story of what I call the “cancer of banking and financialisation."

In this lecture, as in many others I’ve shared before, he explains how the cancer of financialization and usury began. He points out that in Judaism - as in Christianity - usury was prohibited, but with one important difference: Jews were forbidden to lend at interest to other Jews, but they were allowed to lend to non-Jews. This made them the only group able to lend money with interest.

Later, however, the Catholic Church wanted to join in. The Church began lending at interest as well, but unlike the Jewish lenders, they wanted a monopoly on the practice. One reason for growing antisemitism was that Jews often lent money at lower interest rates than the Church. For example, if the Church charged 10% interest and Jewish lenders charged 5%, people naturally preferred borrowing from the Jews. Instead of competing by lowering their own rates, the Church sought to eliminate the competition. In this sense, antisemitism had strong economic motives: the Church wanted higher profits without competition.

To be clear, we need to distinguish between the Christian Church as an institution and the teachings of Jesus. The two are completely separate. For example, Jesus taught that God is everywhere—so why would you need a Church building or institution to get closer to God? He also taught that God listens to everyone equally—so why would you need priests who claim to have special authority, as if they were closer to God than you? Jesus was trying to destroy the institution of the Church and organized religion.

The teachings of Jesus were later manipulated by Rome to create what some call “slave morality.” The concept of the afterlife was reinterpreted to pacify the population. The simplified message was: “Don’t revolt against your master. Obey, and even if you suffer in this short life, in exchange for your obedience you will enjoy eternal life in heaven, while your oppressors will suffer forever in hell. So stay obedient and don’t resist.” Rome adopted Christianity not because they truly believed in Jesus’ teachings, but because they realized it was a powerful way to control the population. If they had truly respected Jesus, they never would have created the institution of the Church in the first place.

I went a little off topic here, but it connects back to Richard Werner’s point in the main video, where he mentioned that Jesus forbade usury. This is further explained in the Michael Hudson lecture I linked. In that video, Hudson points out that in the Sermon on the Mount, the original text did not say “forgive us our sins” but “forgive us our debts.” I even confirmed this with a friend who is a historian specializing in linguistics. He confirmed that in the original context, “debt” and “sin” were interchangeable - and that Jesus indeed said “forgive us our debts.” This is why I sometimes call Jesus a kind of proto-socialist.

So the sequence looks like this: first, Jewish lenders; then the Christian Church, which drove out Jewish lenders to take over their role in financialization; then the expansion of this system in Italy and the city-states (as Hudson explains); then the move to the Netherlands, where we saw the first modern financial bubble in the “Tulip Mania”; then the transfer to England; and finally, its culmination in America with the creation of the Federal Reserve.

Speaking of which, I have another video for you about the Federal Reserve, based on the book The Creature from Jekyll Island by G. Edward Griffin.

Again, I don’t agree with the author of this video on everything. In my opinion, he is too skeptical about some points that I believe are true regarding this story. Still, I think it’s worth watching.

In this video, the concept of “forever wars” is mentioned - something I’ve brought up many times. I’ve said before that I plan to write a post on this topic, and I really need to motivate myself to do it. Too many people claim that America is weak and incapable of winning wars because it lost in Vietnam and failed in Iraq and Afghanistan. In reality, those wars were never meant to be won - they were meant to be sustained. That’s the essence of the “forever wars” concept, which I hope to explain in detail one day.

After you finish this video, I recommend another excellent lecture that explains in depth what happened to our economy after the 1970s, when America went off the gold standard. It’s another great talk by Michael Hudson, this time with Glenn Diesen, a friend of The Duran, on his YouTube channel.

This video will help you understand how we moved from the gold standard to the American treasury standard, explaining the most recent evolution of the economy. One particularly interesting and funny moment is when Michael Hudson recalls a joke by John Maynard Keynes (which I believe was also repeated by Richard Werner in the main video attached to this post): “If you owe the bank a thousand dollars, you’re in trouble. But if you owe the bank a billion dollars, the bank is in trouble.”

That joke perfectly sums up the pseudo-economic Ponzi scheme we live under today. America owes so much money to the rest of the world - and there are so many dollars in circulation - that the entire system has become one massive Ponzi scheme, a house of cards everyone is afraid to touch. If it collapses, everything falls with it. Even China can’t risk destabilizing this fragile structure. Think about it: China’s economy is built on exports. If the American and Western economies collapsed, who would they export to? A sudden collapse would create a massive crisis for China as well.

The truth is, America will never be able to pay off its debt. But imagine what would happen if, tomorrow, America announced it was defaulting and refusing to pay. The global economy would be thrown into chaos. Honestly, I can’t even imagine the scale of the fallout - and I don’t have a solution for it.

Instead, they just keep proverbially “kicking the can down the road,” just as they did in the 1970s when they removed the gold standard from the dollar. Now, the Trump camp and the American banking cabal want to do it using crypto and stablecoins. If you think CBDCs are bad, the Western capitalist empire - led by America - has something even worse in mind: stablecoins.

Much of this was predicted in the work of Whitney Webb and Mark Goodwin, both of whom I’ve cited in past posts. Here’s one of Mark Goodwin’s most recent videos that touches on this very subject.

I have to admit, I’ve tried to understand crypto, but I’m still not able to fully grasp it. However, I do understand what Mark Goodwin is talking about. The plan is to use crypto as a buyer of American treasuries - that is, American debt. For example, Tether is already one of the biggest buyers of U.S. debt.

People will think they’re escaping the American debt system by moving into crypto, when in reality they’ll just be helping to perpetuate it. Take Argentina, for example: people there might use Tether believing they’re escaping this pseudo-economic Ponzi scheme, but in fact, their crypto use will be facilitating the purchase of American debt - continuing the cycle and essentially “kicking the can down the road,” just like in the 1970s after the U.S. left the gold standard.

If the world stops wanting to buy American debt, the plan is to push it through crypto stablecoin schemes so that people won’t even realize they’re helping to finance it.

Think CBDCs are bad? Imagine a CBDC created by a private company. At least if a CBDC is issued by a state bank, you can potentially influence it through politics. But if it’s created by a private entity, you have zero influence over money creation.

This was explained in one of my older posts, where I shared a video of Catherine Austin Fitts with Whitney Webb and Mark Goodwin. Unfortunately, that video has since been removed from YouTube.

Catherine Austin Fitts — Using Bitcoin and Stablecoins to Expand Dollar Dominance with Whitney Webb (Digital AI, Digital Money, AI, Economic Crises, and the Americanization of Europe)

Catherine Austin Fitts: In the 1990s, there was an effort to encourage hedge funds and offshore funds to balloon their balance sheets with treasuries. It was essentially a game to create large new markets for U.S. treasuries. It seems like the same strategy is now being applied with stablecoins.

I know it’s a lot to watch - around 10 hours in total - but if you really want to understand the economy, all of it is a must-watch. And even then, you still won’t fully understand it, since there’s also the narco-economy, about which we know almost nothing. Still, you’ll gain a solid understanding of at least part of our current pseudo-economic Ponzi scheme.

I could write more about it, but I’ll end it here. I just hope that at least a few of you will take the time to watch these 10 hours of video to learn the truth about the economy - a truth some people don’t want you to know or understand.

Thanks to everyone who stuck with me until the end of my post. And, as always… 

“Knowledge will make you be free.”

― Socrates

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“Knowledge isn’t free. You have to pay attention.”

― Richard P. Feynman

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“Freedom is not free, you need to pay attention.”

― Grzegorz Ochman

Please pay enough attention, or we will all be screwed. God bless you all.