Title | : | ? Money Creation | How does it work? |
Lasting | : | 6.58 |
Date of publication | : | |
Views | : | 209 rb |
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People complained about the music in the video, so we're reuploading without music Hope it's better Comment from : EconClips |
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I still don't understand why are all those stuff, bonds, numbers on paper connected to material things, people making something, a lot of people don't make any physical things (products), but do some kind of other things like lawyer , athlete, singer How is all that connected to numbers on paper and banks What exactly is money ? Comment from : Avonel |
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"Money is not the goal Money has no value The value comes from the dreams money helps achieve” – Robert Kiyosaki Comment from : Kiyosaki Says |
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The people who designed this system are complete idiots I have never ever thought financial system could be this stupid Thanks for explaining for the layman Comment from : paralaks |
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Can we deduce that the government is printing debt (bonds) and the Fed is printing paper currency? Comment from : Alina |
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The Fed cannot create money because private parties cannot have accounts at the Fed Money gets created when banks buy bonds (or any other asset, for that matter) Comment from : Jim Berger |
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Isn’t that a ponzi scheme ? Using the money from new bond investors to pay off old bond investors… I can’t understand how a government that pulls in more than $5 Trillion a year in tax revenue in an economy that has a GDP of over $25 Trillion ever has a deficit, EVER! Not just a minor deficit, but multi trillion dollar deficits some years It’s mind blowing 🤯 Comment from : JAYFUL FILMZ |
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They print the money they print the money they print the money!!!!!!!!! Comment from : Ecoscienceczar |
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Your mental gymnastics is staggeringbrI'll fix this for youbrThe Federal reserve gives Banks money for free The Federal reserve doesn't create the interest to pay That creates a shortage of Everybody suffer so they print more But they only print more to dig your hole deeper they can only print money because they'd stolen everything and anything worth anything on this land they've stolen all the land and anything it will ever produce in order to make fake money you people are fools Comment from : Ecoscienceczar |
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Money creation and its effect on inflation are very complicated Not all money ends up in the hands of consumers I think this video is far too short to offer useful insight Comment from : Supernova |
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This guy should be banned from trying to teach economics or anything period, he makes no sense Comment from : ronaldmad |
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Just Curious sometimesthat B me Comment from : shaun gorham |
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It's like making up gold mountains in your imagination and yelling "I am rich!" It's a bubble It's unbelievably stupid Comment from : Helena Richard |
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b*****/b AMAZING! Great description, love the way it was broken down Subbed Comment from : Mr Myles |
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Bravo! Well done Comment from : Johnny |
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They do what they want they rules the world only by fake papers 😊🙏 Comment from : flashNews09 |
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That's the main reason of inflation This year is horrible Comment from : Marunio |
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such a great educational video thank you! Comment from : merry |
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Hey u got a new subscriber! But honestly this money thing makes no sense Like there's nobody really keeping track of all the money credited so what's stopping anyone from creating money out of thin air Also when people rob a bank digitally they're just stealing code, how could that money have value when it's just code, what about physical reserves of money Idk it's hard to pinpoint the question im asking Comment from : Joeka |
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After watching this I'm even more confused than before Comment from : George Christou |
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Gave you a dislike because of your presentation (too fast and not clear) Comment from : Norma Mimosa |
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Is the Federal Reserve sustainable?br1996-2008: GDP ↑45, Monetary Base ↑46br2008-2020: GDP ↑32, Monetary Base ↑600brbrPrior to 2008, the Monetary Base and the GDP were 98 correlated reflecting the reciprocal relationship of money and economic expansionbrbrCan the current rate of monetary expansion without corresponding GDP growth continue without consequence?brbr*Bloomberg sued The Federal Reserve in 2011 and uncovered a $77T secret bank bailout not represented here Comment from : Liam McDermott |
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Still confusing Comment from : Dr A Ali |
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5:45brThat's wrong, at a certain point when interest exceeds the revenue it's theoretically impossible to repay that debt no matter what The only way to repay a debt of money created is only to take on more debt, in parctice the interest payments don't have to be bigger than the revenue, because once you're stuck in that downward spiral without taking correcrive action you have already reached the point of no return even if not in theory, that's why the us debt will never be repaid imagine if there's 1 million dollars in the world now and the federal reserve gave the us government a 1 billion dollars loan regardless of the form, the debt + interest is already higher than the amount of money in the entire world, the only way to pay back is by creating new money which in turn also cannot be payed unless more money is created The us pays around 400 billion in interest payments annually That’s almost half the budget, theoretically it's still possible to turn the tide, in parctice that ship has sailed long ago And don't forget that all this creation is lowering the value of the money already existing, you are losing the value of the work you did, you're being robbed blind regardless if your money is in the bank or under your pillowbrThere's a reason why Christianity and Islam prohibit lending and borrowing money on interest Comment from : Issan |
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The printing and issuance of money is validated by any legitimate labor and production for society What came first? Creativity and production or paper with numbers printed on it? Comment from : Kenny Blair |
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This explanation of money creation is 100 wrong The simple truth is that ALL money is created out of thin air when private banks issue loans Banks don't need deposits or reserves to loan moneythey simply create new money in their computer This is why 97 of all money exists only in bank computers Banks charge interest for loaning money they never had to begin with, and the government forces us into debt by requiring this digital money to pay taxes AND settle most contracts (legal tender laws) Comment from : Wide Hotep |
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And debt is repaid to who ? am guessing the treasury, but now the treasury has new money that came into existence by signing those effortlessly written bonds Sounds like we are getting scammed unless someone has a piece of information that am missing Comment from : mustafa bukhari |
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modern money creation story is by far the greatest mechanic and tool that human had every created, if the government using it right, the will be no problems at all Low level of inflation is healthy and necessary for economic growth, if newly created money is used for created more goods and services, no inflation will happen But if you create money just for consumption, you will get hyper inflation and that will be very very bad news for any county who did it Comment from : Dejavuc Mail |
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First, go to misesorg, and study everything you can about Austrian Economics Second, buy physical gold and silver, the best inflation hedge there is It's easy to buy, any coin shop has silver rounds (1oz 999 pure silver) for sale at spot price +small fee And third, steer clear of Bitcoin; it's a speculative bubble, no matter what they may say otherwise Comment from : 123123mike |
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DOLLARS ARE a PROMISARY NOTEor debt note Comment from : Doug Billman |
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They get their credit, from all the federal CORPORATE PRISONERS, that are there UNLAWFULLY again, they do it without their permission, Comment from : Doug Billman |
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Your birth certificate is a bond this is why it's on bond, WATERMARK PAPER Comment from : Doug Billman |
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The FOREIGN MUNICIPAL CORPORATION IN WASHINGTON DC is BANKRUPT we the people are not banks use our credit, WITHOUT OUR PERMISSION Comment from : Doug Billman |
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what if our $1billion paper money burnt? br🙄 Comment from : F E Febriansyah |
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The ship is going down boys Comment from : Freedom is mine |
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A bit dry, but very informative We missed the second way that money is destroyed: When a Treasury bond matures, the holder must be paid the face value When the central bank cashes the bond, money is destroyed Comment from : David E Vogel |
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Money is not the same as currencyonly gold and silver are money, all the rest is currency Money holds its value for a long period of time, euro-dollars-pound have lost 95 of their purchasing power, so dollars-euros-pound are all currencies and not money Comment from : Arber Cami |
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why cant a country just print money to pay off debt? Comment from : Jio Manalo |
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watch mike maloney hidden secret of money Comment from : Agaphe Putra Susilo |
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Where's the XLM, BTC, XRP gain? Fixing the money problem one coin at a time!!! Comment from : neil rutan |
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You should add these to your IG TV, especially the fractional reserve clip, I think people have been convinced they hate capitalism when it's really the byproduct of fractional reserve banking Comment from : Brittany M |
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So money is just created out of thin air? LOL, A BOND is an IOU? lol And we will keep track of what you owe me and Im charging you interest If you want more, I will give you more anytime Have a nice day That's how the whole game starts They have no care in the world how much they (the government ) go into debt, because after all like he said, its all YOUR MONEY anyways, the future generations will pay, yes, but this game never ends, they make up new rules to the game as time goes by, rules to suit them, (the ones in charge, The Government) in their favor or whatever What will the game look like in 1,000yrs from now, it goes on forever, and ever As long as they can service the debt, who cares about the printable And it is, Just a game knowing $$$ are really created out of nothing Comment from : Mark M |
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Can someone add to my lack of understanding of this if it’s wrong:brbrSurely the money created by private non government banks is inflationary and currency value eroding? When a loan is paid back by the borrower for say a car the money isn’t destroyed like a bankruptcy Doesn’t it stay on the bank’s positive ledger and still exist therefore still being part of the money supply? Comment from : Na Na |
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trouble is many countries have lost control by deregulating banks , and big banks play safe by loaning for property or risky by gamble on the markets as its easy money, all of that is non gdp creating and bubble forming Comment from : Bass Player |
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Hey guys! Do checkout our channel for free courses in economics Comment from : Beyond the Classroom |
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I dont like money Comment from : Tiếng Anh Bồi - Vinglish |
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One question What is this created money backed by? Comment from : Al Gray |
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It can be explained easier A lot easier You guys have hearts in a right place and your intentions are great but you need to put bit more effort into writing Read comments - people lose you I’ve read books and watched documentaries on this subject (on top of having a financial degree) and I know it can be explained significantly easier You took a hard road and left great number of viewers behind Comment from : Kasper Adamson |
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Wait, so you can't get bonds from the government directly Banks buy the bonds from the treasury than you buy it from the banks? And the fed does the same? Comment from : Murrowboy |
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The Money Masters documentary explains how banksters rule the world: wwwfilmsforactionorg/watch/the-money-masters-how-international-bankers-gained-control-of-america/ Comment from : Maciej Ratajczak |
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I saw this on zeitgeist Comment from : Amado Arreola |
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“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain” – Napoleon Bonaparte, Emperor of France, 1815 brThe real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government ever since the days of Andrew Jackson… - Franklin D Roosevelt (in a letter to Colonel House, dated November 21, 1933)brTHE POWER OF MONEY ABOVE A FAKE DEMOCRACY, MANKIND ENDS WITH WW3, SO FAR ALMOST INEVITABLE IS NOW BECOMING JUST A MATTER OF TIME BILLIONS OF PEOPLE WILL DIE BECAUSE PROFIT IS WHAT SHAPES MEN"S DESTINY THE RACE TO BUILD THE GREATEST ARMIES MAKES EVERY DAY LIFE'S PRECIOUS, LIKE IF IT IS THE LAST DAY FOR EVERYONE Comment from : Dav Mac |
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FREE MONEY, ADDICTIONS & OPIOIDS - WHAT A TIME TO BE ALIVEbrFree money can be by all means an addiction If someone told you that they would give you money to do absolutely nothing for any period of time would you not accept that money? Of course, you would This money is coming with no strings attached, no debt to be repaid, you don’t have to work and the money is absolutely all yours
brread all of it below
br
br wwwapartmentsnearmebiz/post/free-money-addictions-opioids-what-a-time-to-be-alive Comment from : ApartmentsNearMebiz |
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This video is too conservative on a general point of view And don’t blame the Greed? Really? I mean, really? Comment from : Ty Rush |
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This is why I like bitcoin and commodities Comment from : RSEntertainment |
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Thank you this was very helpful and informative 👍👍 Comment from : Diontae Daughtry |
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Hello could you explain 3:31? What is the interest the FED gives to the government that you refer to? The FED is holding treasury bills so it is supposed to receive interest payment from the government Comment from : Zheng Yue |
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money is not debt, currency is Comment from : Nzm Ak |
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My bank is constantly saveing bank brThe loan has no intrestbrThe money is withdrown every month and redeposited only the mach you wantbrIn times of fineral excetra problems the bank helps money that is non payeblebrThey are two kind of saveings by csbbr1 constantybr2 and date saveingbrDrop a like if you want to know mach abuot csb bank and how it maneges to help its cleints with loans without intrestlbr2 Comment from : MAGNET MUSIC |
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But let's say you are a God like Trump and Powell and you create more USD right when it is ready to harvest (US Dollar Index above 100 lol) USA will get so rich, already is! #fakenewspanic #covidblessings Comment from : Iseenoobpeoples |
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Currency creation not Money, there is a big difference and you should know it! Comment from : V B |
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United Slaves of America They have no control over their money ,the FED, which is a private company, controls it One of the biggest reasons JFK was killed The FED did not like JFK at all Who owns the FED ? Hmmm ,you know that very RACE owns it Comment from : Kon |
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Interest is a killer , that is why it is forbidden in Islam Interest makes rich people richer and poor people poorer Comment from : Kon |
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So if we're gonna have inflation anyway from the creation of money, why not just get rid of taxes? Comment from : 리주민 |
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Thank you! I hope this process is exactly the same of the European Central Bank! Comment from : TheJani15 |
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Big Ben Bernankey and janet yellin are a yellin and have a frickin a kanipshin !shittin in der pants- Comment from : jan soriano |
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NO SHIT SHERLOCK! Comment from : jan soriano |
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Currency creation not money Comment from : Victor Bruce |
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The FED is just ANOTHER BANK So, a bank giving fresh PRINTED money to another bank Comment from : Trucker ALVAREZ |
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DEBT SERVICE is FAKE MONEY, it does not existbrPlus, you overcomplicated the problem of money in your video, the title doe not represent what you said Just mumbling words!!!! Comment from : Trucker ALVAREZ |
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🥴🥴🥴🥴🤕🤕🤒🤒🤒 Comment from : MAOIST King |
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If I’m being honest this is still really confusing Comment from : Akira LeVa |
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Omg thank you for the simple explanation!! Comment from : The Institutionalized |
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What is that sentence mean `` Money that created ceases to exit once the debt is repaid ´´ ? Comment from : maymya soe |
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1:51 "There are no savings in the Fed's account" Hey - same with me So why can't bI/b write a check for a government bond and sell it? I'll print some checks up from the bammbamm reserve Comment from : bammbamm12 |
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Super helpful video—just started getting into economics and feel this was one of the clearest videos I’ve watched Comment from : KWubbs |
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Now we will all be witness to the biggest money printing experiment in world history The government is going to try and bail out everyone Comment from : John Howerton |
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I’ve lost you at 3:31! Comment from : Joseph Merhi |
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Sounds like one giant Ponzi Scheme Comment from : Bradford J Connolly |
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Liberation Comment from : Shawn Zuercher |
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This guy knows nothingcant teach for shit Comment from : ronaldmad |
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