Banking Explained – Money and Credit

you gained a subcriber by the style of your presentation

Just remember, banks are a corporation and you are a loving man or woman with a living soul. It is illegal for a corporation to create a contract with a man or woman. So once you get that loan be sure to request the documents proving it a legal contract. They will not be able to do this and you will then not be obligated to pay it back. Discharge debt.

“Escape the rat race and find out what true money values at”

-Ibrar Tate

Lobbying equates to government sanctioned bribing by prominent organizations towards government officials. Yes, it allows these organizations to influence the creation and passing of policy that favors their needs. A commercial organization is in the business of looking out for number one, which is itself, its interest in anything else is insincere, and it could be either compulsory or expendable, but it's superficial in nature.

Kurzgesagt taught me what school couldn’t in 12 YEARS😒

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly

Hi, something is wrong in the video: the italian word "banco" means "desk" in english not "bench".

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Great video really. Also i agree with your opinion, For the newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's the sad truth. For a start you need a good and experienced hand to guide you. Trust me, trading isn't difficult as we see it. Recently had family members ask me where to begin learning how to get started and Gustavo Hillard my investment advisor is perfect. Definitely recommend and his trade strategy works in every region. Very helpful for beginners.

Whatever you can’t understand clearly , there is a reason that is presented to you this way…

Banks create money out of nowhere by giving loans 😂😂😂

So many bots in the comments

My biggest regret was not investing into Bitcoin when my friend introduced me to Bitcoin in 2014 when I had 16 btc.

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My class has a custom currency so I’m using this video to create a bank for my class

Except, this is not in fact, how our current banking system works. This is traditional banking, however we are under a system of fractional reserve banking, where banks create new money, whenever a loan is made, and only has to keep 10% of the money they loan out to other people.

Banco means table not bench, do your research first

it's brilliant how kurzgesagt comprehensively sums up everything about banking in just over 6 minutes

The banks like Neiman Bros or whatever were receiving money from the country's central bank. So why is it not the Fed taking responsibility for this? They continued loaning that particular bank money.

Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.

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To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

thanks

Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.

Central banks on the other hand print money out of thin air then lend it to people with a higher interests rate making the rich richer and the poor poorer.

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Yes, we are already over the deadline for those currencies, but fortunately, there are still some options available, such as Web3 Ignite.

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Promoting debt and interest based systems, so also preprogrammed loosers, is a against humanitary proposal

I took endless finance, business and economics courses and learned nothing about money. How do I get a job? What do I do when I get paid? How much should I save/invest? How do I become rich? All questions the education system refused to answer. Then I found the book ‘the Richest Man in Babylon’ and it taught me everything about money that school didn’t. Was a great starting point for me. If you want to learn about money, I really recommend you start with it.

The Italian word for Bank is banca not banco.

You have forgotten the most important part: central banks

Central banks are the reason why all banks abandoned the traditional business and why now they are harming society

Really?? The problem is a) fiat money gets printed out of thin air, no gold backing and b) fractional reserve banking puts everybody in debt slavery... its easy to understand!

We need 10-15 min 2023 version of this video

please dont make any more misleading videos which lie about our crooked banking system.youb shuod all learn about this..."FRACTIONAL RESERVE BANKING ". it is a complete global scam and any explanation which does not mention this is just another part of the scam so wake the up and watch as many short vids on the subject as you need!!

look up a short video explaining" FRACTIONAL RESERVE BANKING" right NOW !! this video is utterly misleading and no explanation of banking can give you an honest answer without menyioning and explaining this .universities do not teach anywhere near the truth of this massive global banking scam... the single biggest scam on earth ever by 1000 times any other scam.they are run by freemasons and will not tell you of this because freemasonry is run by the top bankers in the world .watch more vids till you understand ,then come back here and leave a comment.this is the most important thing you will ever learn.