Full video: https://youtu.be/c8sN_hPHjgY


City of London mouth piece David Buik gets a lesson in banking from Prof. Richard Werner and takes notes. Ever wondered what role Bank's play in today's world? 

Banks DO NOT lend money. Banks purchases promository notes (from you).
Banks are thought of deposit taking instituations that take money. This is NOT TRUE!
Reality is, that Bank's DO NOT take DEPOSITS and Banks DO NOT lend money.

For many years, we’ve been told that finance is good and more finance is better. But it doesn’t seem everyone in the UK is sharing the benefits. On this program, we ask a very simple question – can a country suffer from a finance curse?

Host Ross Ashcroft is joined by City veteran David Buik and the man who coined the term Quantitative Easing, International Banking and Finance Professor Richard Werner.
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Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.