Some points Richard Werner stresses about Germany is their small firm (SME) performance is the secret of 200 years of strong economic performance.
No other country has so many SME market leaders.
Why, because of Community Banking.
Germany has the largest number of not for profit / public community banks in the world (1,500).
70% of deposits are with community banks, over 90% of SME lending.
German community banks were not affected by the 2008 crisis.
Community banks increased SME lending after 2008, so there was no recession and no increase in unemployment.
So basic rule of banking:
Large banks lend large amounts to large scale financial speculators.
Small banks lend to small & medium sized enterprises.
He says also that now the truth is coming out of big bank money creation, they are preparing cybercurrency, a cashless society so we don't insist on community banks.
The Bank of England has already prepared its implant with digital currency chip under the skin, this is why the elites are now pushing Universal Basic Income, it is the bribe to accept the microchip.
At a conference at the Monetary Institute in Zurich in Feb.
"Any one who has the power to make you believe absurdities has the power to make you commit injustices." Voltaire