What is the threat of retail CBDCs?<\/p>\n\n\n\n
How did China create a decentralised banking system? Prof. Richard Werner speaks at Mallorca Blockchain Days III on banking, Valhalla Network, and CBDCs.<\/p>\n\n\n\n
Prof. Richard Werner holds a First Class Honours B.Sc. in Economics from the London School of Economics and a doctorate in Economics from the University of Oxford. In the early 2000s, Richard authored the Japanese #1 best-seller ‘Princes of the Yen<\/a>‘. \u201cPrinces of the Yen\u201d reveals how Japanese society was transformed to suit the agenda and desire of powerful interest groups, and how citizens were kept entirely in the dark about this.<\/p>\n\n\n\n Princes of the Yen Documentary Film<\/a> <\/p>\n\n\n\n His 2005 book \u2018New Paradigm in Macroeconomics\u2019 (Palgrave Macmillan) correctly predicted the collapse of the UK banking system and property market.<\/p>\n\n\n\n Richard describes how Deng Xiaoping travelled to Japan after witnessing double digit economic growth to learn the secret power of a decentralised banking system, before returning to China to build a similar banking system.<\/p>\n\n\n\n Prof. Richard Werner is the Chair of Valhalla Network DAO (https:\/\/ValhallaNetwork.io<\/a>). <\/p>\n\n\n\n Four minute video presentation by Prof. Werner.<\/strong><\/p>\n\n\n\n