Did you know Central Banks only create three per cent of the money supplied while 97 per cent is created by commercial banks? Would you like to find out what is actually hidden behind banking crises and recessions that have stricken the Eurozone? At the YT Summer School in Hamburg we made the acquaintance of the world’s leading expert on central banks, Professor of International Banking at the University of Southampton (UK) Richard Werner. During “Interview with a guest” session, he pinpointed several key issues that fit into today’s world themes. His speech will be published in two parts; the first one is about modern economy and its true essence.
Julia Kinash, YT Movement president and an experienced attendee at many forums, training sessions, and schools, has come up with 10 useful tips on how to make ytsummer the most effective ever.