PBD Podcast Episode 161. In this episode, Patrick Bet-David is joined by Tom Ellsworth and Richard Werner.

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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.

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.

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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?

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