About this episode
In this episode, Patrick Bet-David is joined by Tom Ellsworth and Richard Werner to discuss past & current economic policy, Cryptocurrency, Communism and much more... Richard Andreas Werner is a German banking and development economist who is a university professor at De Montfort University. He has proposed the "Quantity Theory of Credit", or "Quantity Theory of Disaggregated Credit", which disaggregates credit creation used for the real economy on the one hand, and financial transactions on the other hand. TOPICS 0:00 - Start 4:43 - Breaking down the Japanese economy 10:40 - Who holds banks accountable 48:30 - The truth about interest rates 57:42 - Bitcoin/Crypto/biggest concerns 1:14:47 - Bailing put the students 1:25:26 - QE & Communism 1:37:50 - What happens if we don’t do anything to the economy? Check out Richard's documentary: https://bit.ly/3x7KbhB Buy Richard's book, Princes of the Yen: https://bit.ly/3ahD4tU Check out Richard Werner online at https://bit.ly/3fT6uPR Text: PODCAST to 310.340.1132 to get added to the distribution list About Co-Host: Adam “Sos” Sosnick has lived a true rags to riches story. He hasn’t always been an authority on money. Connect with him on his weekly SOSCAST here: https://youtube.com/playlist?list=PLw4s_zB_R7I0VW88nOW4PJkyREjT7rJic Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida. To reach the Valuetainment team you can email: booking@valuetainment.com