Throwback video: A year ago (around July 2020), Economist Richard Werner predicted Central Banks will use Covid crisis as a pretense to demolish retail banks. AKA Sovietisation of the Western banking system.

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Throwback video: A year ago (around July 2020), Economist Richard Werner predicted Central Banks will use Covid crisis as a pretense to demolish retail banks. AKA Sovietisation of the Western banking system. (www.youtube.com)

Paid version actually aired May 2020 (free Youtube version aired July).

Bit of trivia about Richard Werner, he won a lawsuit against University of Southampton in 2019 claiming discrimination for being a German and a Christian. LOL. And he actually won £2.5million! Bigger LOL!

https://www.dailymail.co.uk/news/article-7117767/Uni-Southampton-forced-pay-2-5million-economist-claims-discriminated-against.html

He claimed he was victimised in a ‘harassment and bullying’ campaign between 2010 and 2018 – being denied leave requests and promotion. He also said he was not allowed to take a sabbatical to work on a book despite his colleagues being given this right. ‘I was discriminated against for my religion, belief and race as a German,’ he told the hearing.

Paid version actually aired May 2020 (free Youtube version aired July). Bit of trivia about Richard Werner, he won a lawsuit against University of Southampton in 2019 claiming discrimination for being a German and a Christian. LOL. And he actually won £2.5million! Bigger LOL! https://www.dailymail.co.uk/news/article-7117767/Uni-Southampton-forced-pay-2-5million-economist-claims-discriminated-against.html *He claimed he was victimised in a ‘harassment and bullying’ campaign between 2010 and 2018 – being denied leave requests and promotion. He also said he was not allowed to take a sabbatical to work on a book despite his colleagues being given this right. ‘I was discriminated against for my religion, belief and race as a German,’ he told the hearing.*

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[–] • 2 pts

Banks no longer offering lines of credit for customers and closing physical bank branches convince me that the correction is finally here and they are hedging. Reminds me of the integration phase that the AMERO group had outlined.

Centralized fed crypto on the horizon?