TD₿: Princes of the Yen (a film) based on the book by Richard Werner
TL;DR Central banks have become all too powerful in the economy, and it all started in Japan.
Hey Bitcoiners,
I believe that Bitcoin is a reaction to decades of unsound central bank policy that has resulted in historic levels of wealth inequality and the financialization of our economy.
It’s the classic physics law that every action has an equal and opposite reaction.
It’s important to understand how exactly modern central banking grew to become so powerful and such a dominant player in the economy.
It has become the norm for investors to countdown the minutes to any Federal Reserve announcement and Wall Street analysts spend hours reading between the lines of transcripts of Fed minutes to try to find some edge.
The truth is, this whole era of central bank interventionism began with Japan’s reconstruction coming out of WWII.
Princes of the Yen is a film based on the book by Professor Richard Werner which explains the history of central banking in Japan (11/04/2014).
To understand the solution (Bitcoin), it’s important to deeply understand the problems that Bitcoin fixes.
Tick tock next block,
Cory Klippsten
PS - You can purchase Werner’s book here.
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“It is no coincidence that the century of total war coincided with the century of central banking.” - Ron Paul, Former US Congressman, Author, and Activist
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