Banking Explained - Money and Credit 

i feel bad for this comment thread... As someone studying Financial Management in a master's degree right now i can say, you did a good job of explaining! Most people here in the comments have no actual idea of how the financial market works and just repeat the same triggerwords, just like in politics. Needless to say, everyone in this thread thats bitching about banks, has surely their own bankaccount. If you are that much agaist it, dont spit out insults, do something productive!

Make someone of inflation, always there will be with the fiduciary monay.

Restock the 12 019 calendar pls

theres a bug while using INDONESIAN CAPTION in this video

*Do A Video On The Rise Of Cryptocurrency.*

Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge

Very true. Despite having no prior investment knowledge, I started investing before the pandemic and pulled in a profit of approximately 950k that same year. In reality, all I was doing was getting professional advice.

glad to have seen this comment, please how do i contact your advIsor?

how can i participate in this? I sincerely aspire to establish financial future and I am eager to participate . who is the driving force behind your success?

I would say little diligence to "Dianne Sarah Olson" she is outstanding

Thanos XD so true

Banks can't do that. They can't make demands outside of the contracts.

SiMe...

@@johnstevens1020 Yes?

SiMe i think it was just a joke ;P

There are many opportunities to make fantastic profits, especially in this depressed market, but such complex transactions can only be carried out by seasoned market professionals.

@@tatianastarcic I've been considering taking that path. I've kept a lot of stocks, but they're starting to depreciate, and l'm not sure if I should stick onto them or sell them. I believe restructuring my portfolio would be facilitated by engaging your investing coach.

You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

“Sonya lee Mitchell’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

+Samuel Durkin (Artist Paintings) Shame they did not say that in the video.

that is a big and bad part of banking that has been left out of this video. fractional banking accelerates our busts and booms.

+Samuel Durkin (Artist Paintings) If I had to guess this wasn't mentioned because the idea was to make the concept as simple as possible.

+Joel Nichols but the main process of how money and credit is created is fractional banking. 97% of all money is created is from fractional banking. so it's quite a big thing to miss out when explaining how banks work.

+Mutton Man The reason why it tends to work is that this new money being lent into existence is going toward both supply investment to make new stuff and/or demand in getting financing a car so you can get to work and do other things you want to do with a car or bike or whatever item. It helps expand the money supply while expanding both supply of stuff and helping demand as well, when both quantity of supplies increase and quantity of goods demanded increase, the overall economy grows, meaning more people have a chance to improve their standard of living. That's the basic concept. The downside to fractional banking is that it can increase risk to banks on default should their be a run on their bank and depositors flee, hence why FDIC was created after the 1929 crash, and also why regulations that put a firewall against investment highly speculative banking and deposit banking. Unfortunately in 2000, the republicans in congress signed by Democrat Clinton in the US repealed this firewall protection. And just 7 years later, we had a meltdown and runs on banks in the US. Also, it didnt' help that new risky financial instruments were never and still are not regulated like credit default swaps. From early 1990's finance sector was only 5.5% of GDP, by 2006 it had grown to over 8% of GDP, financing to be efficient should be too expensive, so it rising in GDP means it cuts other sectors' shear of GDP in producing tangible goods and services.

Time to take macroeconomics

I've studied High school of economics, now I'm first year in Uni. They never taught us this exact patterns. Not in such ways. I hope I find better ways to learn at my new Uni though.

I'm sure I know how banking works. :) It's not too complicated when you think about it and I have to say that from the time I posted my comment, things have changed in uni and I actually found a great teacher who has the ways to explain complicated, as you call them, matters in an understanding ways. Never stop learning.

Hunter Lehman he full version is dark and evil.

No wonder your company went bankrupt

Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this coach?

You will get bots answering with names of random ‘financial advisors’. Talk to your bank or local credit union for financial advice on how to manage your money. Not RU-vid comments.

My honest opinion is that if you're new to investing is best to get your feet wet in safer, long-term opportunities such as staking, real-state, dedicating a small portion of your portfolio for the stock market (Just to hedge your possibilities and having something that can grow exponentially long-term). Aside from that you could invest in the middle portion into index funds such as S&P500 and NASDAQ, which have pretty good returns long-term wise, often time beating inflation rates.

Fr

Indeed

That mostly in US. On the world banks are heavily regulated. Still crisis hit worldwide because association.

@@TheRezro Nah banks been screwing people since forever. I don't even live in the US

Black Mask once said “If you have a gun, you can rob a bank. But if you have a bank, you can rob anyone.”

Great video

RESPECT FOR YOU GUYS INCREASED BY 1000000 XP

Lot of youtubers start to make advertising or product placement. Some of them say "carefull I'm going to do it in this vidéo" some other doesn't say anything and sneak it. We need you, so if you need it, I'm fine. Just be clear, transparent, and please never let sponsor control your content, even youtube. Do what you love, you inspire me, and thank you very very much for the awesome work. I'm helping often by adding subtitles.

I ❤️ your vids! They are so interesting, nice animations, teaching content and BIRDS!!! Keep up the good work. My favourite video is the immune system one!

banco is italian for table ...

The lie is that he isn't german. His name is Steve

Stephen Lofton r/whooosh ?

Peter Smythe ....... subscribe to PewDiePie

Wut

@@chrono-glitchwaterlily8776 It was a Nazi joke

We fail to realize that banks are commercial enterprises that are driven by greed as well. The over-leveraging of assets by banks starting in 2020 was one of the factors that led to SVB's collapse. I've never felt secure keeping a large sum of money in a bank. In other words, I invest through my financial advisor, reap the benefits, and then spend the money.

@@martingiavarini Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

@@hermanramos7092 Catherine Morrison Evans, a well-known person in her field, is my advisor. I advise doing more study on her credentials. She is a great resource for anyone looking to understand the financial market because of her extensive experience.

@@martingiavarini Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.

The government wants to take control of people, and slowly, you sheep will switch to bitcoin. Banks aren't going to crash anytime soon, big banks know what they're doing.

True ROFL

that sentence made me chuckle lol

What is an enigma

@@blacklyfe5543 is enigma a word?

Yes it is. It means something that's hard to solve. Something super complex.

Correct. Modern Money Mechanics.

Agree, yet 1:30 of this video is still trying to convince people that banks are using only thier monies. NOPE! Banks have all monies in the world and even more xD

They can borrow as much as they want from the Federal Reserve, as long as they have some marginal percentage of assets in reserve. Money is just created at the push of a button.

@@khala1953 simple not completely true, since blindly pressing money with buttons leads to an inflation due to the decrease of the money's worthiness.

@@tomaszskomra1718 well, in fact, when every customer withdraws their money from all banks at the same time, those banks will in fact get bankrupt. They even won't be able to give everyone their money back

A lot of complicated mathematics came from accounting and banking since keeping track of numbers is very important for making a buck in those industries. In fact, Euler's constant (e) can be found through compound interest. As you put larger and larger values for n in the equation: (1+1/n)^n, the value gets closer to Euler's constant. So the limit as n goes to infinity for that equation is actually e!

@@MrMineHeads. wut

You must have never tried to learn quantum physics

@@zoleroid7027 exactly

@@MrMineHeads. nice some clever Arabic people here

I've never felt secure keeping large sums in a bank, so I invest through my financial advisor. Banks are driven by greed and over-leveraging since 2020 contributed to SVB's collapse.

We were traveling in the same direction, my wife and I. I withdrew my money over the past two years and invested with her wealth manager. I won't be able to match her earnings over time, but at least I make more. Haha.

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

u dumb af then lmao

Jimmy Neutron niggas be like^

Same

Same 😄

lol nice Einstein profile pic ;)

I just listened to the full track on Soundcloud, it's pretty awesome! And apparently all the music from their channel is on soundcloud. You can find the link in the video description :)

I always forget these videos have music, it just blends so well with the video.

Money invested is far better than money saved, when you invest it gives you the opportunity to increase your financial worth.

It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.

The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.

Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.

discipline, consistency and lack of instant gratification, that's how you get there.

You can reach out to an investment consultant, they're good at helping people invest

I agree, just get in touch with a financial consultant or professional to guide you and set you up with really profitable portfolios, I personally got in touch with a consultant and through her assistance, I’ve exponentially grown my portfolio to $380,000 within 4months, far from a million which is my goal but I’m definitely getting there.

@@PaxtonthePerfect I have a good mentor assisting me so I can totally relate

@@PaxtonthePerfect Please who is your financial consultant, how do i get access to him?

Follower Of Duck And also bank, not only bench

"Banco" is bank and bench in portuguese

@@GatoMendesdaSilva and Bank is bank and bench in german.

"Bangku" means chair/bench in Indonesian and Malaysian

@@MM-vs2et are those languages related to Hindi or how this language in India is called?

Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.

Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

@@Deanswain19 Please can you leave the info of your investment advisor here? I’m in dire need for one.

The investment-advisor guiding me is Diana Luise Hines, she is popular and has quite a following, so it shouldn't be a hassle to find her, just search her

@@Deanswain19 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

And illiterate conspiracies continue to spread.

@@wojtekthebear4958 what conspiracys? Do you understand fractional reserve lending? Bank's create money out of thin air my friend,you should educate yourself before talking bollocks next time mate 😂👍

@@donskii-sx9hw They do that to control the economy from going to fast and from going to slow.

@@azap12 who told you that? They're creating fiat currency out of thin air at an extremely massive rate and that causes the money already in circulation to be worth less so when you say control the economy if you mean by keeping us all poor than YES haha and make a super fat profit for then selves at the same time

donskii 0151. Don’t bother yourself to educate stupid conformists it’s too late for them they have already been brainwashed

Yeah, you sure showed that $10 per hour employee who's the boss. Bet you feel really good about yourself, don't you? Maybe next time you're at McDonald's you can scold the cashier who tries to get you to supersize your meal.

Burt1038 Well, that's why I tried to be polite in the beginning. But she just wouldn't take no for an answer. I was embarrassed about it afterward, but it's just so infuriating that, while the economic downturn cost me my start in life (instead of the $60,000 I made in 2007, I only made about $20,000 in 2009, and not much more in '08) these banks and their employees, who're responsible for the whole mess, are just going merrily along as if nothing was wrong.

+TR for life She said something like, "Bank of America is very stable." I didn't respond because I already felt embarrassed by my outburst, but I was thinking, "sure, stable with my taxes."

Josh Bobst Hey, you don't have to convince me that B of A sucks. But they actually did hemorrhage a lot of employees in the process. So much so that they were offering my brother, who hadn't even graduated college yet, a branch manager position upon graduation. I gave him some brotherly advice on that LOL. Needless to say, he did not accept the position.

What job do you have...60k/20k? I make 120k+ (more usually because the majority of my money is in the stocks) a year.

I have broken through 45k, 72k and got my eyes on 120k! Champagne stays popping,she is too awesome. Sometimes I wonder if she use magic power to trade

she is very popular among brokers and I must say She is an outstanding broker too I saw her once on Chris Hogan channel and contacted her on IG shortly after that, investing in forex has been very profitable to ever since then

Instagram

She's awesome, she has managed my investment so well and my weekly returns are mind blowing just made my 5th withdrawal last week

I made my first $85k investing in forex trading,As a beginner now I have time for my families and other things in life, thanks so much Mrs Ava you a life changer

As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money, sincerely your best opportunity is seeking a financial advisor unless you’re canny yourself.

Very true; people down-play the role of a financial advisor until burnt by their mistake. I remember after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researches for registered advisors and I did found someone of practical knowledge, and decades of experience. As of today my stagnant reserves $325k has yielded almost 7-figures after subsequent investments.

Wondering what’s stocks you have in your wheelhouse now that the market have gone berserk! Your invt-advisor must be a mastermind, do you mind sharing info please? I’m in dire need of portfolio assistance for extra income.

Renowned for his proficiency and expertise in the financial market, "COURTNEY HEATH WILLIAMS" my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain. All I can say now is my life has changed since meeting Courtney Heath Williams. He's helped me become debt-free and save for retirement." | made over 80K during the crash in the financial market, which made it clear there's more to the market than we average joes know. Having an investment adviser is currently the best course of action, especially for those who are close to making losses..

@@christianaemilio1Thank you for this tip, it was easy to find your advisor. I conducted a thorough research on his credentials before messaging him. Base on his resume, he appears to possess a high level of proficiency and i am grateful for this opportunity! Thanks once again.

Fractional Reserve credit *does not exist* because banks do not lend out funds they *have* or "possess", not full reserves, nor a "fraction" of reserves. Reserve accounts are practically unrelated to lending and impose no limits whatsoever. Reserves are for overnight clearing of checks, *not* loans. Loans *create* deposits which create more reserves. Capitalism works by contracts. Banks create loans by creating contracts. Contracts with numbers have some rough value, a price that may have variance in value due to expected risks plus the over all social and market environment. Banks create loans by creating pairs of contracts, called Balance Sheet expansion. Creating pairs of contracts, one incoming (assets, received over time), the other outgoing (liabilities, now) (a bank account balance or check is a liability of the banking system owed to depositor or borrower) --- nothing is per se "illegal" about that -- and so long as Capitalism (myth and actual) allows persons and corporations to own property, including property such as contracts, with unlimited property rights, then nothing but sound central bank regulations (incl Dodd Frank, etc, much more could be done) vs "lassez faire" prevents banks from creating as much credit with as much risk as they choose to maximize profits ... with the theory that risks are totally eliminated by clever exotic contracts and securitization ... and with the implicit understanding that if the executives totally destroy the institutions with bad loans, while paying themselves record profits and bonuses in the short term, the US govt will rescue the institutions .. but not investigate and not prosecute the tricky financial fraudsters. Warren Mosler published a set of reforms for Treasury, Fed, and Banks. Some of those, rather than regulate some of the more useless and predatory aspects of finance, simply ban those completely, while still permitting commercial banks to conduct routine commercial banking, and risk mgmt and allocation, as the public utility that they actually are.

All money is virtual.

Ikreisrond the question, is a contract virtual or real? a contract isn't physical. A car title isn't a car. A house title isn't a house. The paper isn't "virtual". Money amounts to a contract and a ledger entry. You can spend ledger entries by ordering your entries sent to another party's ledger. Money is INFORMATION.

Virtual information then. It's all in the mind, it's not real. It's made-up.

Ikreisrond so you are saying that everything intelligent that separates human beings from animals is "not real". Human invention and engineering is "not real". Human language is "not real". "Family" is "not real", just individual bodies with some common DNA. Love is "not real". Honor is "not real". The internet is "not real". Software is "not real". Music is "not real". Legal contracts are "not real". Property ownership laws are "not real". OK, great.

That would have been really really bad

If a bank goes under, all the money that innocent people have in it, goes down the drain as well. This is why the banks were bailed out, because if their weren't, millions upon millions of people would lose that entire lives. Riots, anarchy, and end of civilization (for a time) would ensue as a result.

epicpolyphony You can't just let their customers life savings disappear. That would be a bigger problem then what they caused. Before anyone says it I know putting money in the bank is an investment that carries risk but it still would be really bad.

***** Although this is true, what we have instead is injustice. They took huge risks for short term profits in part illegally, and it blew up in their faces... but they got bailed out, the "risk" wasn't really there in the first place. Nothing keeps them from gambling again. When you are too big to fail and too big to jail, you can't become poor and can't get into prison. How is that still a fair society? This is like having a royal ruler class again. Makes my blood boil.

Seamus Fullerton I think that you forget that money in the banks is insured up to $250,000, so if the bang fails you still have your money.

+Daninja42 ikr !!!

+Daninja42 *accepts

+Adam Mehdi thanks

i have to deal with it every day

*dies*

lol

@@lifemocker85 shut up troll

@@macaroon_nuggets8008 youre troll if you want to deny people the truth

@@lifemocker85 I am just gonna ignore you

@@macaroon_nuggets8008 truth seems to hurt

I’m celebrating a $30k stock portfolio today. I started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me

Wow, really. I was able to make my $25k on investment

​@@clydeorlan2615I’m looking for something I can venture into on a short term basis, I have $15k sitting in my savings

Assets that can make you rich *FX *Btcoin *Stocks *Gold *Real estate

You’re right but a lot of people remain poor due to ignorance

You're right

Stocks are good but crypto is better

Stock's are crashing, Bitcoin Investment right now will be at every wise individual list in a month you we be ecstatic with the decision you make today

2021 online stock is just difficult and unbelievable, I'll rather invest my money on crypto

People are ignorant of the profitability in bitcoin Investment and that had been their major issues limiting their Investment

According to the captions he did say banco.

@@mortem4342 yes, but he said it meant bench, altough it means workbench, like Francesco stated.

In Spanish, banco does mean bench.

I mean this did start 1000 years ago. Its possible the languange changed. Somebody else can google the answer

@@jwhi419 il banco means bench so does la pachina though

Ilk defa bu kanalda bir türk buldum

@@uppercity2525 5 yıldır burdayım bro aldjapfjapdksjdo. Türkler heryerde herzaman vardır, bunu unutma 😁

No true professionals trick people into registering there children with the goverment with a berth certificate and then turning around and putting them on the stock market as a bond and yes I said berth do your own research

@@goldentirent8456 what's berth i'm lazy

Berth is another way of saying birth

To be fair it's generally not a financial crisis.

2020 isnt a financial cricis at all.

@@wojtekthebear4958 Is the world financially better off in 2020 than compared to 2008 ?

@@SuSmallville Yes and no. The financial sector is better regulated than it was in 2008. Nowhere near perfect, but better. On the other hands, central banks and governments haven't fully recovered since the last economic downturn.

*hold my surgical mask. Oh and it's GOING to be a financial crisis - too early to see effects yet.

This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down

I thought about investing in the financial market, I heard that people make millions if you know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it.

Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Kate Elizabeth Amdall, I can say with certainty that their skills are excellent. She helped raise over $580,000 in 18 months from an initially stagnant portfolio of $150,000

interesting! can u share more details?

Cant reveal much info, she is the shrewd advisor responsible for my portfolio success, it's only right you look her up and confirm yourself.

Yes. Banco means bench in Portuguese. Maybe there’s were the word originated?... but it all came from Latin, that’s for sure.

Yep in spanish banco is bench too

@@adamsmith21stc no, banco means table and not bench. Don't rely on translate. (Source: am italian)

@@adamsmith21stc "Banco" can mean table or desk depending on context and use, but for the latter we mostly use the word "Scrivania". A word can have multiple meanings.

@@adamsmith21stc oh Adam, porco dio lo capisci?

Forgot or deliberately left it out? 😋

@@donskii-sx9hw This says a lot about society

this video is just wrong. The banks do not take people’s savings and lend it out

Yep, maybe the channel doesn't know. I'm starting to wonder, just who in the world knows? For example, somebody made a video about money generation in the UK and got out a document from the Bank of England (their central bank or analogous institution), and there was stuff in it that were contradictory to reality apparently. Perhaps the money system is just so big, most people in it only know their part, and so most people aren't aware of the whole effects and nuances of it.

I mean he did. He mentioned that You deposit and bank lend it. So it's obvious that someone who got that money as loan will also deposit the money in bank and cycle will continue.

funzy101 that's an excellent point

+funzy101 It's not that hard to explain, you just reverse the explanation used in the video, rather than banks lending money which is first deposited, customers deposit money which is first borrowed.

Wandering Dog interesting! I will have to read that and get back to you! Thanks for the insight

positivemoney.org

+WakeAndBakeBeats Nothing about the role of government in the 2008 crisis either.

David Alvarez Yes,my English is gettin way better too😅. That Channel is really genius!

Agreed, this doesn't really explain banking. Where do the banks get the money from? How is it that they can lend out more money than they actually have?

@@tubularG They don't own the money they lend out, if theres 2 people each with 10 euro in their account, and someones comes and asks for 20 euro loan the bank basically grabs the 20 euro from the people, lends it to the person in hopes of getting 25 euro back due to interests, then deposites the 20 euro back into the person bank and pay them interest, let's say 1 euro and they keep the 3 euro they just made for free by lending out the money they didn't own in the first place. The person with who's money is grabbed doesn't see a chance because that'd be too apparent. That's how people can lose money if the bank goes bankrupt, cause they used all of your money and they have nothing to give back.

same here! we watched this in our financial marketing class 😀

not to mention banco is actually desk or the table where the trades were made, wp kurzgesagt

Ha, I just met someone from Sardinia so I get this reference. Just felt like putting that out there.

@@andrewjackson3486 that's because in Sardinia it is easy to hear "Sardinia no est Italia" (Sardinia is not Italy)

And corsica (yeah i know its french but it should belong to italy (due to language and culture similarity as well as geographical proximity))

@@Noname2004kurdish Corsica and Sardinia should be an indipendent or singular entity like the province of Roman Empire ❤

+manb4war Which part of the world doesn't have deeds but does have Bitcoin payments for land, exactly...?

I already know about bit coin... to bad they have nothing to do with my country here.... money crisis hire means a few hundred bit coin can make me a milionare

Bedsidetable2 I'm sorry I don't speak ignorant...can you translate?

+manb4war bitcoins aren't really relevant anymore unless you're a libertarian or someone wanting to by chronic og heroin off the deep web. The market is terribly unstable, their value is incredibly high but is also slowly dropping due to everyone getting on the hype train too late.

+manb4war *buy

Family Friendly Braden - I hope it's in a good way, that you're leaning stuff ^_^

If your mind explodes over this, please dont look up how money is created.

+MythCraft00 Correct, the name bank derived from the tables of the jews that were giving loans in Venice. At least that's what 'The Ascent of Money' says.

+panzach Oh, I didn't know that. I commented just because I'm Italian and I noticed the error :D

"Banco" is Portuguese for bench.

+ThalesQwerty banco is Spanish for bank

As an Italian I confirm what you say ;) Though we often use "panchina" instead of "panca".

El comercio es muy rentable con la ayuda de un corredor experimentado que administra su cuenta comercial de manera excelente

Invertir en activos es el código de trucos para tener una vida financiera exitosa...

Para evitar pérdidas durante el comercio, debe obtener una comprensión y un conocimiento completos del comercio y la tenencia.

@@alicemollet7181 Tienes razón... la mayor parte del tiempo tener conocimiento o percepción sobre una actividad en particular también puede ser un ejercicio placentero.

Eso es cierto, la mayoría de las personas hoy en día han tenido muchas fallas en el sector comercial debido a una mala plataforma y una mala orientación.

***** Oh look, some tinfoil hat conspiracy theory nitwit.

Hjernespreng It's not a theory if it is proven, Modern Money Mechanics is out there for you to read at your own leisure. Ad hominem does not make a sound argument.

Sweejit I wasn't talking to you.

Hjernespreng I'm going to chime in on Sweejit's and TR for life's behalf and concur with their comments. Their statements are rational and factually based. Not based on ignorance and delusion.

The creation of money is explained in this video. The bank stores money from people which it lends to other people. That's a way banks can create money, as suddenly there is double as much money. Inflation is also a good thing, without inflation people wouldn't consume, and without consummation there is no money circulation, which in the end means there is no progress. The video you mentioned also doesn't address the fact that taxes are a redistribution of money between the rich and the poor. A lot of poor people are against taxes though, which isn't a good decision really.

What's that?

Oh nevermind

The replies on this comment... Hilarious 😂

Fezii I see only two replies by the same person before yours. Hm

@@arcadicus_ezevius yeah, when the guy is confused about the ∆SS

Italian: *STONKS*

Words on words

If everyone was debt free there would be no money in circulation by definition, so fucked

@@TheEvilWalrusLord its fucked up, a snowball systsm

It's false. Banks don't lend money, they create money.

j

0:55

Yes, more precisely: banco = counter (a flat, elevated surface).

Actually reserve requirements were eliminated under COVID-19

Just because you can't understand it doesn't mean it is bullshit. Don't get me wrong, western economics in general is a house of cards, but not because banks are "creating money with a single keystroke."

yeah, and maybe it is you who doesn't understand, neither how banks are creating money each time they create loans, nor what I said above

michbushi Fractional reserve banking means using deposits to finance loans. It expands the nominal money supply without needing to increase real money. But it is not "creating money at a keystroke"

michbushi 90% (9/10) or some other fraction of money is lent, while some amount (1/10 usually) is kept as a "reserve." The determination of how much is kept and how much is lent is made by calculating things like probability of default, amount of money that might be withdrawn on / defaulted at any one time, etc. Anyway, after the 2008 crisis, the Fed now requires banks to keep much large reserves in the event of large defaults and loss of liquidity.

+David n lol, no, and yes, you have no clue about how leveraged banks were in the wake of 2008 crisis, or how they are now. 10% reserve, good grief... Maybe in the fifties of 20st century, lol!

he probably meant spain and not italy.. or he probably did make a mistake xD

Banks are not born in Spain :/

Dino B. Then he made a mistake xd

There is a certain way Italian was spoken, that it no longer sounds the same as today. As recently as the massive immigration of Italian and Sicilian nationals to the US. A lot of people think the Italians spoken in the US is "Americanized" when in reality, it was the way people spoke Italian. It was isolated into it's own communities and never evolved the way that it did in Italy.

The word was coined (forgive the pun) in the 15th century. Old Italian got the word from Germanic language banka - bench or table.

Where are you financially now after 8 years

The only way to earn huge amounts in forex is when trading with an expert trader

I've been into it for some time now, but not really seeing much benefit in it.

@Anndy cole Yes of course I'm even on a weekly payroll investing little amounts and earning huge returns.

Really? What makes this so called Adrian Brayden Caleb different from other traders, because the way his name is trending is really surprising

I was so surprised he could make me up to what I lost in just a single trade, wonder where he got his analysis

We don't use the fractional reserve system any more, and reserve requirements only apply to checking accounts for the most part. The main practical limits are capital requirements. While reserve and capital requirements might help in a crisis when liquidity is needed, it's not going to do much about banks making bad loans and doing things that lead up to a crash.

Who is "we"? en.wikipedia.org/wiki/Reserve_requirement#United_States What country do you speak of?

Dimitri, what portion of subprime mortgages was held by Freddie Mac and Fannie Mae in 2008? I believe it was was well under half, more like 30%. So you give a pass on the other 70% because it doesn't fit the agenda you are pushing. Yes, it was gambling, they all were. BofA was leveraged out to something like 50:1. I know the right likes to claim that a law requiring non-discrimination in loans is at fault, but that law didn't require giving out bad loans, just they not discriminate on the basis of race.

I don't know the ratio, but I'm surprised if the 30% ratio is accurate, you talk about it as peanuts, this is a huge manipulation of the market. I assume you remember the wrong number, but regardless. Put on top the mandates around discrimination, which very much reduce the standards for loan-giving. Reduced downside, cheap money, more incentives to take risk, what would be the result? Oh, I guess we can always blame the profit incentive ("greed") of the private players, even if that was forever there. Maybe their "super greed" genes were mysteriously activated, who knows, some cosmic radiation excited them.

It's also worth mentioning that, acting as the lender of last resort, the Federal Reserve allows credit expansion far beyond what a natural market would ever allow. In a competitive system, banks have to use this unlimited leverage to find investments, and that always leads to poor investments, because there's only so much demand out there for the final produce of those investments. If the Fed didn't exist, credit expansion like this would be impossible and bubbles would also be impossible.

Soooo true

Yes I've learned alot I've actually came back to this channel

sigh....no, just stop.

You also need to control collections, or you don't control anything.

Ignorance is so pervasive on the internet because everyone with fingers can voice their opinion. Some pawn it off as facts. This is why the world is in trouble.

Play the game. Stay out of debt.

@@gamingdude2811 so people shouldn't call it stupid when its stupid?

In Spanish banco is bench so maybe it came from spanish

Was it the case in *medieval* Italy? Remember, language evolves.

@@lemax6865 you know nothing. Please go to school again

@@aflow- I asked a question. If you know the answer, the proper thing to do is provide it. You could even have said nothing. Instead, you chose to be an asshole. Perhaps you ought to reflect on this.

@@aflow- What kind of reply is that and how does it help? Maybe it's you who needs to go to school.

Yes and no, it's isn't completely private as the Federal Reserve has a lot of regulations dealing with it and makes sure to know exactly how much money is being created through this process, and this is the only reason banks can be profitable in the first place. Finally, fractional reserve banking is a net benefit, not a negative. and doesn't involve printing money at all. At least know what you're talking about before you talk about a topic.

Please read positivemoney.org to understand the subject, sir. Privatizing the money supply is the most terrible thing neoliberals have done; it has allowed them to convince people they are always broke and in debt as all their services are stolen out from under them and homes become unaffordable. It's just like previous presidents said would happen. Twenty different brands of shorts, Starbucks on every corner, a hundred different boxes of soap powder, etc., haven't really served as a decent tradeoff for what has been swindled away by an elaborate shell game mixed with some musical chairs.

The real banking (Fractional Reserve Banking doesn't exist): Banks lend out their own IOU's/loans. They never use your deposit to "lend" to someone. They don't need to. They are not financial intermediaries between depositors and investors. Don't believe me? Read *Money* *Creation* *In* *The* *Modern* *Economy* by *Bank* *of* *England*