WEBVTT 00:00.680 --> 00:06.665 Do you also keep asking yourself the same question: why do ordinary citizens have less and less money at their disposal, 00:06.665 --> 00:10.755 while the amount of money possessed by a few super-rich people and, in particular, 00:10.755 --> 00:14.160 certain family dynasties is rapidly increasing? 00:14.160 --> 00:18.160 Today, we are going to get to the bottom of this development with you: 00:18.160 --> 00:24.540 Banks are highly respected today and the independence of central banks from the economy is repeatedly 00:24.540 --> 00:28.920 presented as an important requirement for financial stability. 00:28.920 --> 00:35.759 This is probably primarily because bankers are assumed to have a high level of economic expertise. 00:35.759 --> 00:44.014 Prof. Richard Werner, who experienced the banking crisis of the 1990s as a scholarship holder at Deutsche Bank in Tokyo and had 00:44.014 --> 00:49.605 the opportunity to speak personally with many of the key players, has undoubtedly also 00:49.605 --> 00:53.960 acquired special expertise in the banking sector. 00:53.960 --> 00:59.686 He analyzed the processes in detail and wrote a book about them, which became a bestseller in Japan and 00:59.686 --> 01:03.840 even toppled Harry Potter from the number one position. 01:03.840 --> 01:08.633 He later spent many years as a member of the Shadow Council of the European Central Bank 01:08.633 --> 01:11.920 (ECB), a panel of experts moderated by Handelsblatt. 01:11.920 --> 01:21.167 He has written several books and gave an interview in August 2025 in which he points out that independent central banks often do 01:21.167 --> 01:25.560 not contribute to stability, which ought to be their main task. 01:25.560 --> 01:31.600 Rather, they deliberately create and burst asset bubbles, which has led to the longest 01:31.600 --> 01:35.599 and most serious economic crises in history. 01:35.599 --> 01:41.120 All this is possible because of the banks' ability to create money. 01:41.120 --> 01:43.799 But what are the effects of this money creation? 01:43.799 --> 01:49.959 Why does it result in ordinary citizens having less and less money at their disposal? 01:49.959 --> 01:56.004 In order to clarify these questions, the credit system, its origins and the role of central banks 01:56.004 --> 02:00.719 in this fraudulent system will be examined below. 02:00.719 --> 02:05.840 1. The credit business is the basis for the creation of money 02:05.840 --> 02:10.520 At the heart of the banking business is the issuing of loans against interest. 02:10.520 --> 02:17.080 This is based on the assumption that banks pass on customer deposits to other customers as loans. 02:17.080 --> 02:24.599 Incredibly, however, banks can pass the same amount on to other customers as loans again and again. 02:24.599 --> 02:34.639 With a required minimum reserve of 1%, this means that each euro can be lent up to 99 times in order to collect interest. 02:34.639 --> 02:41.870 The bank's balance sheet then presents it as if all 99 borrowers had deposited this amount with 02:41.870 --> 02:46.080 the bank, even though they never made a deposit. 02:46.080 --> 02:54.360 Strictly speaking, this is a falsification of business documents and it is inconceivable that governments would simply ignore it. 02:54.360 --> 02:59.014 In this way, it is tacitly tolerated that the banks abuse their position of trust as 02:59.014 --> 03:03.039 administrators of the economy's accounting system. 03:03.039 --> 03:09.388 If you compare the balance sheet before and after, it becomes clear that the money supply has only increased by a 03:09.388 --> 03:13.960 factor of 100 as a result of these credit transactions. 03:13.960 --> 03:19.228 Any commercial bank can create money in this way, it just has to comply with the central 03:19.228 --> 03:22.960 bank's rules on minimum reserves and capital ratios. 03:22.960 --> 03:29.439 In earlier times, alchemists - the so-called chemists of the Middle Ages - wanted to create gold out of nothing. 03:29.439 --> 03:34.719 The banks have succeeded in doing this, so to speak, not with gold, but with money. 03:34.719 --> 03:41.840 See also the Kla.TV broadcast: Bekenntnis einer Bank: Wir schöpfen Geld aus dem Nichts. . 03:41.840 --> 03:48.439 That's why our monetary system is called "fiat money" - it's Latin and means: Let there be money! 03:48.439 --> 03:52.680 2. How did the lending business historically develop? 03:52.680 --> 03:59.280 Owning gold was dangerous, so people have always looked for ways to keep it safe. 03:59.280 --> 04:02.120 In earlier times, this was done by goldsmiths. 04:02.120 --> 04:08.560 From this help, they developed the credit business, which Prof. Werner describes as follows: 04:08.560 --> 04:15.048 "Goldsmiths were experienced in handling precious metals and not only had considerable amounts in stock , but also safes 04:15.048 --> 04:22.040 and trained security forces - sometimes even small private armies - to ensure the protection of their possessions . 04:22.040 --> 04:28.997 As a result, the population increasingly turned to the goldsmiths' vaults as a safe place to 04:28.997 --> 04:33.399 store their jewels, precious metals and coins . 04:33.399 --> 04:39.701 When gold was deposited with a goldsmith, he issued a receipt and it was not long before the depositors started using 04:39.701 --> 04:43.720 the proof of their deposited assets as a means of payment: 04:43.720 --> 04:48.257 In order to purchase something, they left the certificate of deposit with the seller, for 04:48.257 --> 04:51.720 example, signed on the back and transferred to him . 04:51.720 --> 04:57.381 To facilitate cashless transactions on such a basis, certificates of deposit which no longer bore the 04:57.381 --> 05:01.560 name of the original depositor were increasingly used." 05:01.560 --> 05:05.800 The goldsmiths had thus created European paper money. 05:05.800 --> 05:10.406 "To the extent that the certificates of deposit assumed the character of a general means of 05:10.406 --> 05:13.839 payment, withdrawal of the deposited gold became rarer. 05:13.839 --> 05:18.079 Large quantities of gold therefore lay unused in the goldsmiths' vaults. 05:18.079 --> 05:21.279 This opened up a new business opportunity for them: 05:21.279 --> 05:24.560 They could lend the gold and charge interest on it. 05:24.560 --> 05:30.519 However, it was not advisable for the goldsmiths to lend out too much of the gold they kept. 05:30.519 --> 05:34.439 But they found a way in which they could extend their loan business: 05:34.439 --> 05:41.439 Instead of gold, they only had to give their debtors certificates of deposit, , which could be used as paper money . 05:41.439 --> 05:45.782 In fact, the debtor only received a piece of paper, although he had to pay his debts 05:45.782 --> 05:48.759 and the compound interest with "real" money . 05:48.759 --> 05:54.097 From a strictly legal point of view, the certificates of deposit were therefore nothing more than forged 05:54.097 --> 05:57.879 documents representing false facts , that means fraud. 05:57.879 --> 06:02.733 For the goldsmiths, who thus virtually became bankers, the interest income was a net profit 06:02.733 --> 06:05.800 for which they did not have to work very hard. 06:05.800 --> 06:13.895 All they had to do was to ensure that they were provided with sufficient security, such as titles to land and other 06:13.895 --> 06:19.319 property, and that they were prepared to enforce their claims." 06:19.319 --> 06:24.759 The higher their appetite for risk, the more of the gold entrusted to them they lent out. 06:24.759 --> 06:31.560 It was only important to keep these business practices secret so that not many of their customers would want their gold 06:31.560 --> 06:36.000 back at the same time and the fraud would then become obvious. 06:36.000 --> 06:42.171 However, they could not hide the consequences of their actions, as it led to them accumulating more and more 06:42.171 --> 06:46.639 wealth, while the population gradually became impoverished. 06:46.639 --> 06:54.678 The famous economist William Cunningham (1849-1919), for example, compared the activities of these private bankers 06:54.678 --> 07:03.079 in England to a sponge that absorbed all the country's wealth and hindered any economic development. 07:03.079 --> 07:10.071 As this naturally led to envy and resentment, the bankers needed an official institutional framework 07:10.071 --> 07:13.600 to legalize their business and give them protection. 07:13.600 --> 07:20.279 They managed to achieve this by founding the Bank of England in 1694. 07:20.279 --> 07:26.038 At that time, King William III of England ceded the royal prerogative to issue the 07:26.038 --> 07:29.560 currency to a consortium of private bankers. 07:29.560 --> 07:35.639 In return, they were to provide him with unlimited credit for his wars. 07:35.639 --> 07:42.649 This was virtually the birth of private central banks and the modern banking and interest fraud system, 07:42.649 --> 07:49.959 which has flourished to this day, hidden under this official cover, and has spread out worldwide. 07:49.959 --> 07:54.199 3. Central banks - Multiplication of money on a grand scale 07:54.199 --> 08:02.199 While commercial banks create new money by granting loans, central banks multiply money on a grand scale. 08:02.199 --> 08:07.805 This is done by buying securities - such as shares and government bonds - with money that they are allowed to 08:07.805 --> 08:11.839 create practically without limit at the touch of a button. 08:11.839 --> 08:17.507 Government bonds are promissory notes that oblige the state to make annual interest payments and 08:17.507 --> 08:20.439 repay the amount concerned on the maturity date. 08:20.439 --> 08:29.831 For example, in the period from March 2015 to the end of 2018 alone, the European Central Bank (ECB) bought around 2.1 trillion 08:29.831 --> 08:35.279 euros worth of government bonds from euro area countries. 08:35.279 --> 08:43.075 During the coronavirus crisis, it then launched the so-called PEPP coronavirus purchase program with a volume 08:43.075 --> 08:50.320 of 1.35 trillion euros to buy up government bonds from the euro area countries in particular. 08:50.320 --> 09:00.524 Most recently, the US central bank, the Fed, announced in December 2025 that it would launch a bond purchase program to 09:00.524 --> 09:06.720 buy up 40 billion USD worth of US government bonds per month. 09:06.720 --> 09:14.639 If these vast sums of money, which were created out of nothing, enter the economic cycle, they fuel inflation. 09:14.639 --> 09:22.159 Because the fact that there is more money available, but not more supply, simply makes everything more expensive. 09:22.159 --> 09:25.840 So you have to pay more for the same goods. 09:25.840 --> 09:29.679 As a result, citizens' assets are literally being burned. 09:29.679 --> 09:34.639 4. Compound interest creates immeasurable debt 09:34.639 --> 09:43.720 As banks generally charge compound interest, the amounts owed grow exponentially, without any further costs for the banks. 09:43.720 --> 09:49.360 After all, they do not have to provide any additional goods or services. 09:49.360 --> 09:58.200 In the long term, as is generally the case with government debt, for example, the amounts owed reach unimaginable proportions. 09:58.200 --> 10:09.976 For example, a loan of €100,000 at 8% annual interest grows to over €215,000 over ten years without repayment, after 20 10:09.976 --> 10:22.559 years it is already €466,000 and after 50 years it is an incredible €4.69 million in debt that has to be repaid. 10:22.559 --> 10:32.480 The following example illustrates the incredible wealth that banks can build up by constantly granting loans over centuries: 10:32.480 --> 10:42.519 For just 1 kg of gold lent at 8% interest for 250 years, a repayment is owed at the end that is higher 10:42.519 --> 10:51.879 than the total amount of gold mined worldwide by the end of 2024, which is 216,265 tons. 10:51.879 --> 10:59.919 And the Bank of England has been in business since 1694, that is, for over 330 years. 10:59.919 --> 11:05.120 5. Central banks protect themselves from any state jurisdiction. 11:05.120 --> 11:10.423 In order to protect themselves from legal action in this huge fraud scheme, the central banks have taken 11:10.423 --> 11:13.799 the precaution of protecting themselves to the maximum. 11:13.799 --> 11:20.753 This can be seen very clearly at the Bank of England in the City of London, the Bank for International Settlements in 11:20.753 --> 11:25.080 Basel and the European Central Bank in Frankfurt am Main. 11:25.080 --> 11:30.894 Their properties do not belong to the surrounding state, they are extraterritorial and 11:30.894 --> 11:34.240 therefore not subject to state jurisdiction. 11:34.240 --> 11:38.960 The power potential of these banks cannot be shown any more clearly. 11:38.960 --> 11:43.960 They have thus ensured that no one can hold them accountable. 11:43.960 --> 11:50.866 In order to be able to properly classify this inconceivably privileged position, however, it is important to focus 11:50.866 --> 11:55.480 not on the banks directly, but on the bankers behind them. 11:55.480 --> 12:03.220 As revealed in the broadcasts "The Rothschild Conspiracy" Part 1 and Part 2, the global financial and banking system 12:03.220 --> 12:11.039 was set up by some powerful freemason banking families, such as the Rothschilds, Rockefellers or Warburgs. 12:11.039 --> 12:16.398 They are also the ones who still control this huge fraudulent system to this day and 12:16.398 --> 12:20.799 are using it to plunder the global population. 12:20.799 --> 12:26.247 Since they are obviously aware of this enormous crime, they have also done everything to ensure 12:26.247 --> 12:29.720 that they can never be held accountable for it. 12:29.720 --> 12:36.838 They are also the ones who, in the background, have long been doing everything in their power and enormous influence 12:36.838 --> 12:41.080 to conceal the mechanism of money creation from the public. 12:41.080 --> 12:48.212 For example, according to Prof. Werner, money creation has not been properly treated in economics textbooks to this 12:48.212 --> 12:51.399 day and has not been described in even a single formula. 12:51.399 --> 12:56.240 And this despite the fact that it is essential for calculating the money supply. 12:56.240 --> 13:04.639 In economic literature, banks are treated as if they were merely passing on the savings of some to others. 13:04.639 --> 13:09.360 But this approach is fundamentally wrong - as explained in detail. 13:09.360 --> 13:15.519 There were always authors who recognized the process of money creation and wrote briefly about it. 13:15.519 --> 13:22.440 But this knowledge has not yet found its way into the textbooks used at universities. 13:22.440 --> 13:29.752 This was certainly done for good reason, because as the automobile tycoon Henry Ford said: "If people understood the monetary 13:29.752 --> 13:34.200 system, we would have a revolution before tomorrow morning." 13:34.200 --> 13:41.977 Conclusion: The fact that so far very few people have seen through this fraudulent money system and that it 13:41.977 --> 13:49.559 is not covered in textbooks shows how successful these banksters have been in hiding its true nature. 13:49.559 --> 13:54.652 The fact is disguised that inflation is fueled by the creation of money without the 13:54.652 --> 13:58.159 simultaneous creation of a real equivalent value. 13:58.159 --> 14:01.080 For there is now more money available. 14:01.080 --> 14:04.320 So people want to buy more with this money. 14:04.320 --> 14:09.743 However, since the quantity of material assets, services etc. has not increased, the higher quantity of 14:09.743 --> 14:12.879 money is simply distributed among the existing assets. 14:12.879 --> 14:18.840 This means that prices are increased and everything becomes more and more expensive. 14:18.840 --> 14:28.360 For example, in Germany, the price of a kilogram of bread alone has more than doubled since the introduction of the euro in 2002. 14:28.360 --> 14:39.519 When the D-Mark was introduced in 1948, the average price was just 41 pfennigs, which is equivalent to around 20 cents today. 14:39.519 --> 14:45.697 Of course, the costs of interest and compound interest as well as the rising burden of tax and charges, which 14:45.697 --> 14:51.840 make all products even more expensive, have also contributed to this huge price increase. 14:51.840 --> 14:59.765 As this system of monetary fraud means that the state's expenditure to pay off its debts is increasing all the 14:59.765 --> 15:03.600 time, it has to increase taxes and charges accordingly. 15:03.600 --> 15:16.759 In Germany, these rose from 33.4 % to 41.8 % of gross domestic product between 1960 and 2025. 15:16.759 --> 15:22.715 This means that the value of all goods and services produced in Germany is burdened 15:22.715 --> 15:26.879 with taxes and charges amounting to almost 42%. 15:26.879 --> 15:36.120 All in all, this development has led to the euro losing almost 40% of its purchasing power since 2000 alone. 15:36.120 --> 15:43.440 The loss of purchasing power is greatest in relation to real estate, as its prices have risen disproportionately. 15:43.440 --> 15:49.071 The result is that fewer and fewer people can afford to buy their own home or have to work 15:49.071 --> 15:53.480 almost their entire lives to pay off their debts. 15:53.480 --> 16:01.065 In his book "The History of Central Banking and the Enslavement of Humanity", the former director of the South African Reserve 16:01.065 --> 16:07.989 Bank, Stephen Mitford Goodson, provides very well-founded evidence that these developments are a direct consequence 16:07.989 --> 16:11.919 of the central banking and fraudulent interest system. 16:11.919 --> 16:19.519 Consequently, according to Goodson, this leads to total impoverishment and ultimately to the enslavement of humanity. 16:19.519 --> 16:28.399 In order to stop this disastrous development, it is now important to repeatedly raise important issues in public: 16:28.399 --> 16:35.919 Why has the principle of money creation been so successfully concealed from the public and not taught in economics? 16:35.919 --> 16:44.919 Is this a further indication that the financial mafia has infiltrated all areas of life, such as education and science? 16:44.919 --> 16:52.401 Is the inactivity of governments and the silence of the leading media in this huge fraud a sign that they 16:52.401 --> 16:58.200 too are stooges or even part of this criminal network? 16:58.200 --> 17:03.492 The answer to all these questions should certainly interest the entire deceived world 17:03.492 --> 17:06.920 population and set the right course for change. 17:06.920 --> 17:13.824 Humanity needs nothing more urgently than a new and fair financial system in which self-appointed rip-off fraudsters no 17:13.824 --> 17:20.439 longer line their pockets, but in which money creation is once again entirely in the hands of sovereign states and 17:20.439 --> 17:25.079 banks close to the people grant their loans interest-free. 17:25.079 --> 17:27.240 A new era has dawned! 17:27.240 --> 17:33.319 Just as spring ends the reign of winter, now the era of light will end the reign of darkness! 17:33.319 --> 17:37.799 If you also want to change the world for the better, then become part of this new age! 17:37.799 --> 17:43.200 Be the light and spread the light of this mission by disseminating it and talking about it. 17:43.200 --> 17:48.018 But if you realize that you can no longer go it alone, then it is high time to join 17:48.018 --> 17:51.559 forces and together be a new hope for this world! 17:51.559 --> 17:59.039 Therefore, join our huge Kla.TV movement until all darkness has come to light and draw new hope and courage! 17:59.039 --> 18:09.059 At https://www.kla.tv/mitwirken you have the unique opportunity to contribute directly and unproblematically to Kla.TV! 18:18.680 --> 18:25.440 It's like the sound of sirens from afar 18:25.440 --> 18:32.640 It's like a bit of dawn 18:32.640 --> 18:39.279 Deep inside the heart it's like a guess and a longing 18:39.279 --> 18:47.220 The certainty: Everything will come alright some day 18:59.839 --> 19:06.839 It is faint rage paired with love 19:06.839 --> 19:13.759 It is suffering that bears change as fruit 19:13.759 --> 19:20.519 It is faith into the new world here and now 19:20.519 --> 19:27.599 A faith that sings loudly still at night, it sings of a new dawn. 19:27.599 --> 19:34.480 And we sense, it is our time and we stand ready 19:34.480 --> 19:41.440 And we sense, it is our time and we are moving forward. 19:41.440 --> 19:50.220 And we sense it is our time and we surf along with it 20:02.519 --> 20:06.000 Now the time has come where truth comes to the light of day 20:06.000 --> 20:09.480 Now is the time where the lies are exposed 20:09.480 --> 20:16.440 and those who hatch plans in the dark they are finally exposed! 20:16.440 --> 20:23.279 Now is the time where the people rise As sun and moon of righteousness 20:23.279 --> 20:33.420 Now is the time where we grow into maturity And everyone wakes up from their television-sleep 20:37.079 --> 20:40.559 Now is the time where the truth comes to light 20:40.559 --> 20:44.039 Now is the time where the lies are exposed 20:44.039 --> 20:50.920 and those who hatch plans in the dark are finally exposed! 20:50.920 --> 20:57.759 Now is the time where the people rise as sun and moon of righteousness 20:57.759 --> 21:08.160 Now is the time where we grow into maturity and everyone wakes up from their television-sleep 21:08.160 --> 21:11.640 Now is the time where truth comes to light 21:11.640 --> 21:15.079 Now is the time where lies are exposed 21:15.079 --> 21:16.480 Now!