So, I've never heard of this economist, although I'm thinking that I probably should have, a quick search on SN and he's a well known, recognised economist, almost certainly Keynsian I'd hazard a guess? who proposed that the C 👁 A had something to do with you know what.

Watching the podcast, this guy is seriously skilled, he speaks fluent Japanese and English, with a slight German accent I detect.

Marty Bent over on Nostr, noted about this interview, saying;

And there were a bunch of comments on Marty's note, some obviously mentioning that the solution wasn't mentioned, and one npub was quoting another economist over on X who was slating Richard, and a few comments about Tucker's inability to push back on what Richard was proposing or suggesting.

I have to say, I seriously enjoyed this, obviously as I've said there was no mention of Bitcoin but Richard explains the banking system, the relationship between central banks and high street banks, the legal tricks they pull, everything the banks do is technically legal because they make sure there is political motivation to ensure if there is a chance of an open goal to the detriment of the banks, guess what? They move the goalposts 🤣🤣🤣

We all know that the banking system is what it is, but this for me is a brilliant insight into understanding the fiat ponzi.

Richard studied in Japan and recognised the japanese economic crisis before it occurred, and obviously he was deterred from pursuing these ideas criticising the banks, which led him to be able to piece together the framework to disect the great depression, ww1 ww2, even present day covid.

The part I really enjoyed was where he explained how the banks have legally switched the commonly thought processes, where when a customer deposits money into the bank, they are not depositing, they are 'lending' to the bank! A sleight of hand which the uninformed miss, but which benefits the banks massively, leading to Richard's thesis on credit creation, to which he recieved a visit from the intelligence agencies, basically saying 'we are aware of you'

Then hilariously he explains the part we all know so well, what happened when Nixon temporarily suspended the convertability of dollars into gold, you know when the French originally went to the US and asked for the gold from the fed, they fobbed the french off by saying, oh yes, we can conplete that transaction for you but we'll still custody the gold at fort knox! Another sleight of hand from the banks!

So the French said, no fucking way! And they sent French navy ships to dock at the US port and marched to the fed and got their physical gold! Self custody right? We all know, we keep banging on about it!

So Nixon knew if the other countries in the world caught wind of this, he'd be fucked and fort knox would be empty quicker than a bar with no alcohol, so that's what happened in 1971.

Very cool pod, obviously there'll be some high brow economists who sniff at this.

But for an introduction into fiat, banks and how the whole game is gamed, it's worth a watch.