🚨Brilliant interview!
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🚨How do banks create money ?
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🚨Prof Werner is incomparable.
In the 5000 yr history of banking no-one has ever done an imperical study of banking to show where the money comes from- until now. Step up the rock star economist Professor Richard Werner. His amazing qualifications and held positions makes the eye water. He is truly the authority on this subject. Banks are thought of as deposit taking entities who lend money - but that is just wrong. His assessment - Banks dont lend money but they misrepresent (lie) to their customers and say that they do.
50 Sites That Show What Billionaires Buy and Read for Free🤯
1.) https://t.co/cIcoQvbjqM → Current portfolios of famous investors
2.) https://t.co/QQj7wDWcWd → Quarterly fund trades
3.) https://t.co/BrxhmyBCkR → Stock transactions of US politicians
4.) https://t.co/RfWsTr3QTL → Executives' own company stocks
5.) https://t.co/aWS0KD6vt9 → Making fund filings readable
6.) https://t.co/1yhEZsSPdC → Companies' official reports
7.) https://t.co/9OWna7yjXB → Buffett's letters since 1977
8.) https://t.co/O52dCsZu6A → Video archive of Buffett meetings
9.) https://t.co/TFfMQWwQ2N → Howard Marks' investor memos
10.) https://t.co/dRNnt9uChB → Research from Ray Dalio's firm
11.) https://t.co/nvt2Pl5Tpj → Dalio's principles for free
12.) https://t.co/YUoU108XUY → Jeremy Grantham's market notes
13.) https://t.co/b5pOAmpLN3 → Quantitative fund research
14.) https://t.co/ZLs76FQhmS → Damodaran's valuation data
15.) https://t.co/L820s1dmSL → Valuation professor's blog
16.) https://t.co/6Bpd2k1j5r → Morgan Housel's money writings
17.) https://t.co/xuK2VWo9jc → Mental models for decision-making
18.) https://t.co/ONTuXbCaUl → JPMorgan's free market guide
19.) https://t.co/yCeryDqxZW → Innovation-focused fund research
20.) https://t.co/MOOBwVuP9k → Venture capital essays
21.) https://t.co/XOgxWbHjxo → Value investing lecture notes
22.) https://t.co/EiVkBQ9gA1 → Columbia's value investing archive
23.) https://t.co/oaYXmdOCHW → Fed's economic data archive
24.) https://t.co/FzOVSmNIMd → Fed decisions and statements
25.) https://t.co/DddjZ1ajsW → European Central Bank data
26.) https://t.co/pqw9LLaXON → Reports from the central bank of central banks
27.) https://t.co/CCM0l1rBJU → Countries' economic indicators
28.) https://t.co/U62hXLAb4U → Companies' long-term charts
29.) https://t.co/XP6cPwAu1Z → Company financials for free
30.) https://t.co/VP4D0fEHOF → Companies' market cap rankings
31.) https://t.co/zwJ124PDWP → Stock screener and heat map
32.) https://t.co/Q1X0XFcyZr → Portfolio backtesting
33.) https://t.co/lYqM3DscQt → Charts and market analysis
34.) https://t.co/PO6nfbruvG → Professional market screener
35.) https://t.co/aw17Ma35Zh → Company activity reports archive
36.) https://t.co/d4FubgvLQF → SEC's investor education site
37.) https://t.co/RQgnAKnnqE → Passive investing encyclopedia
38.) https://t.co/d7FP8AvFDN → Financial terms dictionary
39.) https://t.co/nzzAeTmRYU → Free finance guides
40.) https://t.co/m0OWYFRPgR → CFA research publications
41.) https://t.co/i6pJ6F1v8l → Fund and stock evaluations
42.) https://t.co/B27V2BQELq → Companies' visual analysis
43.) https://t.co/D3kvCrKx35 → Archive of selected investment theses
44.) https://t.co/xmlZCazgpL → Seeing what's inside funds
45.) https://t.co/zzZUVMiuZX → European fund backtests
46.) https://t.co/oqEh42yAn5 → Investment writings with data
47.) https://t.co/SdEmuPgqIU → Market history notes
48.) https://t.co/5dIyRAMRAn → Investor psychology writings
49.) https://t.co/Epc20zaPFa → Explaining the economy with charts
50.) ourfiniteworld? → (see note)
The rich don't hoard information. They just don't tell you where it is.
Save it, follow @Liyana_Coder you'll need it.
Not investment advice.
@Liyana_Coder
You’re not bidding against other families for that apartment. You’re bidding against people who need somewhere to park money.
A Manhattan tower costs a billion dollars to build. At night, maybe five windows are lit. And prices keep climbing even with rates at 8%.
Because for many of these buyers it was never a home. It’s a vault with a view, bought through a shell company hidden inside another shell company, so nobody can trace who owns it.
Tim Dillon worked as a New York tour guide and figured this out just by asking questions.
Meanwhile a nurse who works in that city can’t afford a one-bedroom there.
One of the most real & honest interview in the history of Pakistan, Zulfiqar Ali Khan Magsi, Governor of Balochistan
📍Governor house, Quetta —2008 🇵🇰