Paul English Live 061126,,- Banking’s Back Room: Ian Clifford on Credit Creation, DTCC and Taking Our Power Back

In hour one I’m joined by finance industry veteran‑turned‑whistleblower Ian Clifford. We unpack his rise from 1980s wealth management to a 2000s joint venture with Bank of Scotland, the 2008‑10 collapse that he argues enabled large‑scale asset stripping, and his subsequent battles with regulators and the courts. From there we step back to the plumbing of the system: ex‑nihilo credit creation, why signatures and legal personhood matter, how settlement really works through DTCC/Cede & Co., and why so few professionals are taught any of this. Ian also previews his forthcoming weekly show and his ROS Media work, where he lays out practical (and controversial) remedies he believes align with how the system is actually wired. In hour two, Eric and I range widely: from the human side of food and farming (Clarkson’s Farm and Dutch precision ag) to everyday culture-war absurdities and the importance of local resilience. Throughout, the thread is the same—demystify complex systems, reclaim agency, and build direct, neighbor‑to‑neighbor solutions.'Paul English Live (official site)': https://paulenglishlive.com/'Ian Clifford – Republic of Old Souls / ROS Media platform': https://rosmediaplatform.com/'Ian Clifford – official site/FAQs': https://iainclifford.com/'Unity News Network (site referenced by guest appearance)': https://www.unitynews.co/'Bank of England explainer – How is money created?': https://www.bankofengland.co.uk/explainers/how-is-money-created'Bank of England Quarterly Bulletin 2014 Q1 – Money creation in the modern economy (PDF)': https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf'Bank of England 2014 Q1 – Money in the modern economy: an introduction (PDF)': https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-in-the-modern-economy-an-introduction.pdf'Richard Werner (2014) – Can banks individually create money out of nothing? (official page)': https://professorwerner.org/pubs/can-banks-individually-create-money-out-of-nothing-the-theories-and-the-empirical-evidence/'Modern Money Mechanics (Federal Reserve Bank of Chicago – FRASER archive, 1992 edition, PDF)': https://fraser.stlouisfed.org/files/docs/historical/frbchi/frbchi_modernmoneymechanics_1992.pdf'Bills of Exchange Act 1882 (official UK text, PDF)': https://www.legislation.gov.uk/ukpga/Vict/45-46/61/pdfs/ukpga_18820061_en.pdf'DTCC – About': https://www.dtcc.com/about'DTCC – How issuers work with DTC (explains Cede & Co. and title/beneficial ownership)': https://www.dtcc.com/asset-services/issuer-services/how-issuers-work-with-dtc'DTCC – Understanding the settlement process (DTCC subsidiaries incl. NSCC/DTC)': https://www.dtcc.com/understanding-settlement/index.html'DTCC Connection explainer – Direct vs. Indirect Registration (notes Cede & Co.)': https://www.dtcc.com/dtcc-connection/articles/2026/march/16/understanding-the-models-b8p39i4aw'House Joint Resolution 192 (June 5, 1933) – Popular name table (LII)': https://www.law.cornell.edu/topn/gold_repeal_joint_resolution'HM Treasury – About (official UK gov site)': https://www.gov.uk/government/organisations/hm-treasury/about/'Treasury Committee (UK Parliament)': https://committees.parliament.uk/committee/158/treasury-committee/'Financial Conduct Authority – background (FSA successor)': https://en.wikipedia.org/wiki/Financial_Conduct_Authority'Unity News Network Ltd – company info (UK registry data source)': https://companycheck.co.uk/company/11325162/UNITY-NEWS-NETWORK-LTD'BBC – Rip‑Off Britain (series overview)': https://en.wikipedia.org/wiki/Rip%E2%80%93Off_Britain_%28TV_programme%29'BBC – Watchdog (series overview)': https://en.wikipedia.org/wiki/Watchdog_%28TV_programme%29'BBC Radio 4 – Money Box (programme overview/podcast hub)': https://podcasts.apple.com/gb/podcast/money-box/id263570678'Clarkson’s Farm – Prime Video series page': https://www.primevideo.com/detail/0SHGKA0J8D4G01ZGD647627NEJ'Fleetwood Mac – official site': https://www.fleetwoodmacofficial.com/'Global Voice Radio Network – show feed (hosted tracks page)': https://serve.podhome.fm/global-voice-radio