Princes of the Yen (Documentary)

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Queue Politely, the producers of the monetary reform documentary “97% Owned” have produced a new documentary:

“Princes of the Yen” is film about the power of central banks and the transformation of the economy, based on the book of the same title by Prof Richard Werner, one of Positive Money’s advisors.


“A fascinating look at the need for better public understanding of just how much money can affect the world we live in.”

Ben Dyson – Founder Positive Money & co-author of ‘Modernising Money’

“Blows open the widely held consensus that ‘independent’ central banks are a force for economic good.”

Josh Ryan-Collins – New Economics Foundation and co-author of “Where Does Money Come From?”


“Princes of the Yen” 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.

Based on a book by Professor Richard Werner, a visiting researcher at the Bank of Japan during the 90s crash, during which the stock market dropped by 80% and house prices by up to 84%. The film uncovers the real cause of this extraordinary period in recent Japanese history.

Making extensive use of archival footage and TV appearances of Richard Werner from the time, the viewer is guided to a new understanding of what makes the world tick. And discovers that what happened in Japan almost 25 years ago is again repeating itself in Europe. To understand how, why and by whom, watch this film.

“Princes of the Yen” is an unprecedented challenge to today’s dominant ideological belief system, and the control levers that underpin it. Piece by piece, reality is deconstructed to reveal the world as it is, not as those in power would like us to believe that it is.

Film website

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  • skintnick

    From the synopsis above

    “Japanese society was transformed to suit the agenda and desire of powerful interest groups”

    and this is the strongest message I take away from first watching this film. That the successful (state-run) Japanese [“war”] economy of the 1980s would be deliberately stoked into crisis by external forces in order to create the perceived need for structural change is just mind-boggling. Who are these “powerful interest groups” conducting this transformation, and why? Is the implication that the same forces are at work in other parts of the world right up until the present?

    I need to watch again to understand the complex relationship between the central bank and finance ministry, which controlled the credit window (and when), and how the levers of power worked. But it would be interesting to hear what others think of the questions that fascinate me above…

    • Jon

      The subject of the relationship between the Ministery of Finance and The Bank of Japan is quite complex for me at this time to answer. But the issue of who actually benefits from the implementation of these reforms is quite clear I think.

      The people at the very top, who are also running for these reforms are the ones that benefit monetarily the most. Who are these people behind such organizations such as the IMF, the ECB and the Federal reserve? The rules of this monetary game clearly benefits only the few.

      By holding all the money, they hold political and social power over the people. As to their motives for that power, one can only guess. What kind of god-delusions one must have to make them think that they alone should have the power.

      I hope I am not rambling on too much, English in not my first language. The subject is vast and covers also philosophical questions as to why this continued growth is actually needed and whether it is beneficial to us and the environment.

    • FWHMyers

      We are now well into the sixth year of a financial crisis whose effects have -to a degree- been postponed, but whose causes have basically been denied. In all that time, there has been little mention (even in places such as this) of the institution known the Bank of International Settlements – its history and origins, its influence and role in the current international system or its very particular extra-legal and trans-national status. Most people have not even heard of the BIS, even now.
      Central Bank governors meet there on a regular basis, but we who pay their salaries are in the dark about what is discussed. I recommend anyone who is interested in the money/ banking problem to read at least one book about the BIS (Adam Lebor’s The Tower of Basel would be my recommendation) – it certainly throws some light on the history of the above mentioned “powerful interest groups”, and a suggests a caveat or two.

  • Douglas Struthers
  • NeartheEdge

    Thanks so much for this terrifying, jaw dropping, eye opening film.

    I’m an economic illiterate but this film exposes the raw power of the USA in particular manipulating economics in their own anti-Christ (read, pure evil) interests.

    One of the reasons I will be voting for the Greens this year is the fact that they are the only political force in the UK which recognises the sheer scale of economic malfeasance of current “free market” economic dogma (as does Positive Money to their credit).

    I hope this documentary goes viral.

    • solutrean

      Since you bring the topic up NEARTHEEDGE, I have to inform you that the British National Party have had a policy of banking reform along the lines proposed by Positive Money since its formation – circa 1980.
      Why not visit the BNP site and go to the article ’Beyond Capitalism and Socialism’ which I am sure you will find most interesting.

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