PAUL ENGLISH LIVE #143 · Iain Clifford: How Money Is Really Made (and What We Can Do About It)

Broadcasts live every Thursday at 8:00p.m. uk time on Radio Soapbox: http://radiosoapbox.comA lively, occasionally bumpy (blame the gremlins) first hour with finance whistle‑blower Iain Clifford set the tone as we unpacked his four‑decade journey from wealth management and a joint venture with Bank of Scotland/HBOS to blowing the lid on how modern banking really works. We dug into credit creation “ex nihilo”, why regulators so often serve the banks rather than the public, and how House Joint Resolution 192 (June 5, 1933), the Bills of Exchange Act 1882 and today’s DTCC/Cede & Co. plumbing shape the world most people never see. Iain outlined his Republic of Old Souls/ROS Media work and teased his new weekly FFT Radio programme, promising plain‑English breakdowns of signatures, “persons”, nominees and practical routes to lawfully redirect tax flows. Hour two switched gears with Eric in the studio: weather moans gave way to food systems, Dutch agri‑tech, Clarkson’s Farm and Rotterdam’s Floating Farm; plus a spirited riff on everyday bureaucracy versus local ingenuity. We closed on first principles: rebuild community, support farmers, grow food, and keep conversations like this wide open—here every Thursday night, and with Iain back at midday Fridays on FFT Radio from next week.'Food For Thought Radio' (FFT Radio): https://fftradio.com/'Paul English Live' (show hub): https://paulenglishlive.com/Iain Clifford – official site: https://iainclifford.com/ROS Media Platform (Republic of Old Souls): https://rosmediaplatform.com/Unity News Network (UNN): https://unitynewsnetwork.co.uk/Bank of England – Money creation in the modern economy (2014, Quarterly Bulletin): https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdfFederal Reserve Bank of Chicago – Modern Money Mechanics (booklet): https://commons.wikimedia.org/wiki/File:Modern_Money_Mechanics.pdfHouse Joint Resolution 192 (Gold Clause Resolution), June 5, 1933 – Statutes at Large: https://www.govinfo.gov/content/pkg/STATUTE-48/pdf/STATUTE-48-Pg113.pdfBills of Exchange Act 1882 (UK) – original text: https://www.legislation.gov.uk/ukpga/Vict/45-46/61/enactedProfessor Richard Werner – official site and publications on bank credit creation: https://professorwerner.org/Werner (2014) – Can banks individually create money out of nothing? (overview on official site): https://professorwerner.org/pubs/can-banks-individually-create-money-out-of-nothing-the-theories-and-the-empirical-evidence/DTCC – About the Depository Trust & Clearing Corporation: https://www.dtcc.com/aboutDTCC Issuer Services – how issuers work with DTC (Cede & Co. nominee explained): https://www.dtcc.com/asset-services/issuer-services/how-issuers-work-with-dtcLloyds Banking Group – Update on historic failures at HBOS Reading: https://www.lloydsbankinggroup.com/investors/shareholder-information/hbos-reading-update-on-historic-failures.htmlOffice for Budget Responsibility (OBR) – official site: https://obr.uk/Floating Farm, Rotterdam – official site: https://floatingfarm.nl/Clarkson’s Farm – Prime Video series page: https://www.primevideo.com/detail/Clarksons-Farm/0P2RXB2S0FS814M66QRNQ1PPGRHilaire Belloc – Economics for Helen (public‑domain text at Project Gutenberg): https://www.gutenberg.org/ebooks/75629