A Short Preview (Login to Access the Full Interview):
[Errata: At 30+ mins in, Catherine refers to a former Fed governor who she admires as Larry Summers. Oops. She meant Larry Lindsey.]
“The book … highlights the implications for the rest of the world, and raises important questions about the concentration of power within central banks.”
~ Description of Princes of the Yen by Richard A. Werner
By Catherine Austin Fitts
This week, we continue the publication of our 1st Quarter 2023 Wrap Up, focusing on the theme of financial transaction freedom. We review the multiple threats to transaction freedoms and talk about steps we can take to protect ourselves, including the potential role of sovereign state banks.
My guest, Richard A. Werner, is the world’s leading expert on central banks. Professor Werner is a London School of Economics and Oxford-educated economist, a university professor of banking and economics (University of Winchester, England), an authorized investment adviser, and an economic adviser to governments. His best-selling book, Princes of the Yen (published in Japan in 2001 and in the English-speaking world in 2003), formed the basis for the 2014 documentary by the same title, with both book and film exploring the power of central banks—often shrouded in secrecy—to transform economies. The film’s director, Michael Oswald, described Prof. Werner’s theory and findings as “truly earth shattering.”
Earlier this year, the Solari Report commissioned Prof. Werner to write the briefing memo titled “Why a Sovereign State Bank Is Good for Tennessee,” a memo intended to educate Tennessee legislators—and legislators in other states. A sovereign state bank can help states counter threats to state-level sovereignty and economic prosperity and also halt the ominous trend of banking system concentration. In this interview, he and I will elaborate on the numerous reasons why this is such a timely topic deserving of both legislators’ and citizens’ attention.
Currently, the Bank of North Dakota is the only such bank in existence in the U.S.—and it provides an excellent model that other states can emulate. A sovereign state bank that supports (rather than competes with) private local banks and credit unions can protect and reinvigorate the community banks that are the lifeblood of small and medium-sized enterprises and hence, thriving local and state economies.
In early May, we will complete publication of the 1st Quarter 2023 Wrap Up with my quarterly Equity Overview—an interview with Tim Caban when he joins me in Pennsylvania.
Money & Markets
In Money & Markets this week, John Titus and I will cover the latest events and continue to discuss the financial and geopolitical trends we are tracking in 2023—and the growing pushback against corruption. Post questions at the Money & Markets commentary here.
Related Solari Reports:
Why a Sovereign State Bank Is Good for Tennessee
The Solari Papers #2: U.S. State Bullion Depositories
“The Many Excuses for Central Control” (Catherine Austin Fitts with Professor Richard Werner), Session 4 of Doctors for Covid Ethics Symposium, June 11, 2022: Freedom is the Cure: Unpacking & Defeating the Medical Tactics of a World Takeover
Richard Werner on CBDCs: How They Prepare You to Be Their Slave
I Want to Stop CBDCs – What Can I Do?
Let’s Go to the Movies: Week of May 26, 2020 – Princes of the Yen
Other Related Resources:
Princes of the Yen: Japan’s Central Bankers and the Transformation of the Economy
Princes of the Yen: About the Film
Catherine, you really should make this public. It’s too important. And thank you SO MUCH for arranging for Richard to visit you for the interview.
Agreed that this is a super important conversation. I’ve had to pause it a few times just so i can fully integrate a concept or idea.
I also understand the need for the pay wall. Solari shares boatloads of info for free, which i was able to access for years until i could finally afford a subscription.
We can share everything we learn in this video by teaching others and applying the concepts as and when we can. My island home isn’t ready yet for all these changes, but it will be at some point, so I’ve still got time to learn.
Much appreciated info.
Silly employees. They want a living wage. And I want them to have it. And we do not want ads or to sell data or to accept funds from Mr. Global’s various sources. If you send donations to fund complimentary subscriptions happy to do more of them. We are working on functionality so subscribers can gift subscriber only content to their network ala Financial Times model – a great model.
I saw that Prof. Werner’s telegram channel posted the link to this page. I posted a quick reply to the effect that it was a particularly good interview…. and then received a number of queries as to whether I was a Solari subscriber, because they couldn’t see behind the paywall. I haven’t forwarded the video or audio. I don’t know how it would work (to allow a subscriber to occasionally show individual articles to third parties), but that would certainly be interesting functionality. In the case of Prof. Werner’s channel, perhaps people would be willing to pay for access to an individual article. In the case of (say), my father, it would be useful to say THIS is what you really need to listen to!
We are in the process of loading new subscription software. As soon as it has launched, we will see if we can set up a gifting function.
Also, I would say that we subscribers can play a role by being knowledgeable emissaries of what we learn here.
I agree…