Money’s Mostly Digital, So Why Is Moving It So Hard?

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Information Money’s Mostly Digital, So Why Is Moving It So Hard?

Title	:	Money’s Mostly Digital, So Why Is Moving It So Hard?
Lasting	:	20.18
Date of publication	:
Views	:	1,9 jt

I love the blender analogy
Comment from : Hobby Technology

Also I hate when people say "the blockchain" Like which one?? Dude blockchain is just a form of distributed database lmao
Comment from : Odetta Maybelle

Wise is a terrible f'n idea when there is something way cheaper, faster, and more secure (cough cough, bitcoin)
Comment from : Odetta Maybelle

People should know about Lightning
Comment from : HadesXY

bitcoin fixed this
Comment from : Semco Dub

Pure BS, or to be more precise, you're not educated enough yet brIRL, banks can loan out 10 TIMES more than its reserve/deposit money
Comment from : MyDeeZy

Things are a bit strange right now Inflation is making the US dollar weaker for buying things, but it's getting stronger against other stuff So, stuff like stocks, houses, crypto, and precious metals aren't doing so great because folks are putting their money into dollars for safety I'm worried about my $320,000 savings losing value fast Where should I put my money to keep it safe?
Comment from : Liam Tremblay

We are the blender
Comment from : Ron Green

Money is now worthless Work for assets like real estate or gold Gold is still the best way to protect your money against inflation
Comment from : Trump The Legend

the money really comes from time happening, and you can speed that up by taking a loan against time to hopefully make more value out it in the near future, by mixing in a bit of hard work, before you have to pay it plus interest back
Comment from : ezde711

The bank is the scam money in doesn't equal money out😂
Comment from : George Sebastian

What about IBAN? The better alternative to private companies or blockchain, operated unter Swift Ah well, America
Comment from : kkonsti

Next time you make such a video please clarify that it is about the US, and not the rest of the world
Comment from : kkonsti

You can't count lent out money twice lol It violates basic accounting principles You can't count the 7,500 loan just because it's cash in hand for the farmer about to buy the irrigation system whilst simultaneously counting everyone's deposits even though it is not cash in hand
Comment from : Kissthefish

The bank has not done anything except commit counterfeits and usury Banks are a parasite
Comment from : Duriel1000

The greater the automated income you can build, the freer you will become Taking the first step is the hardest, but 5 houses later living off automated income since July 6, 2016 You’ve got to start taking steps to achieve your goal
Comment from : Susan Nico

im in 5 minutes mark, and my head are ready to explode!!!
Comment from : koba kabaki

Just remember everyone says the system has failed, but it hasn't it has always done what it is supposed to
Comment from : awesomeness711

Who gave the bank permission?
Comment from : Zack Attack

Holy sheet, what a documentary 🙏
Comment from : Sukupuolimies

Usery and interest and the banking system is why our world today is the mess that it is and why the rich keep getting richer and the poor getting poorerbrbrMoney does not and should not have a value in n of itselfbrbrLook up the islamic finance and you’ll understand what i mean
Comment from : Dalal Johar

By moving it, you can 'magically' make more (interest) and thieve from the people who aren't doing this (inflation) and the average joe will (is) going to suffer for it,brThis is all 9999 of the Worlds population really needs to know, and if that isn't enough to force change explaining it at all is in itself a waste of time bcough*likecovid*cough/b
Comment from : 74KU

India's UPI is superior than any payments system on the planet 105 Billion Transactions per month Many folds larger and faster payment system than China's or any western system
Comment from : Sandeep Srinivas

We were in times when you had only gold, something that has value Than we didnt want to wear gold so we had money, something that said, you have so much gold in bank Than we started adding money to system without adding gold to the reserves Now we are only adding irrational numbers to bankaccounts wihout even printing money What a good time to live
Comment from : Matus Zeman

Cool video, a little nitpick tho: bartering as an economicsystem kind of never was a thing The way it mainly worked was most likely: you want an orange so orange guy gives you an orange, as long as you give apples to people that want apples everyone in the small community keeps liking eachother and giving eachother the things they need Barter was only really a thing with foreign cultures, in which case it is in fact just a one to one trade
Comment from : jucom

CODE-ified To commit to code Cod-ified involves Peter Pan and a ticking croc
Comment from : Inservio

UPI
Comment from : Ax Adarsh Pawar

Well this just sounds like slavery with extra steps
Comment from : Tom Guillermo

Why is Jonah from Superstore in an old timey video 😂
Comment from : Vicki Cee

It's crazy how well made those videos are
Comment from : Matthieu Lotaku

So your saying Satoshis
Comment from : Dingo

The federal reserve is researching the use of blockchain-based currency? That would be really cool!
Comment from : raredavid98

but the money is created literally at 3:40 when the watermelon gets sold thats how you create money, with products/services, not out of thin air
Comment from : Amaru Morgado

Didn't see learning about Global banking and better understanding monetary markets on my Sunday todo list but glad that it appeared THIS VIDEO PROVIDED SO MUCH CLARITY
Comment from : Donovan Stanton

Very impressive video Can you please make a video on how UPI in India can be helpful in this
Comment from : RahulSaini1996

@Wendoverproductions You should check Indian UPI system
Comment from : Saurabh Ghosh

that was literally the best expliantion of a bank system I've ever seen
Comment from : Abdelrahman Abdelaal

This is an amazing history of banking, especially in the USA I love it!br10:20 When that check flipped around and I caught a glimpse of the back with all of those endorsements, I knew it was gonna be a long routing!brFYI, some of your video could use de-interlacing
Comment from : Cliff Barbier

Sam this was legitimately awesome, I had an economics class in high school and didn't know anything from what you said, yet I understood everything, cheers to your writers and you for how comprehensive and fun this video on a very slogish dense topic is
Comment from : agustin venegas

Day 2 still trying to understand got this far before headache
Comment from : James Dean

Well it is true what is said mostly but claiming our money system must work like clay balls or it fails is really wrong Because the Finance system has invented so many layers of s*it for themselves (CDO's and what not) that actually create value from absolutely nothing backing it up except mathematical models that only holds up as long as the system is at restbrbrThis is the true problem today that Banks can make up their own systems layered on top of this original system anchored in some values And when all these made up layers of theory fails it's us who takes the hit, not the banks
Comment from : Django

Wow this is really interesting!
Comment from : SocialTilt

Double spend is happening everyday, that’s why we have hyperinflation
Comment from : s nawfal

Awesome thank you However I’m wondering what happened to to the irrigation vendor who got 7,000 fruit credit clay balls Where did that go?
Comment from : Ron Lindsey

Because taxes Next question?
Comment from : TwoTreesStudio

Fractional reserve banking really is a scam
Comment from : lmao this isnt a name

it's too bad blockchain has no use cases according to its critics :3
Comment from : telo tawa

At any one time, a local bank is likely to have $100-250K on hand They will move about $500K-$15M worth of money that day as people come to deposit and withdraw moneybrbrYou have to remember that businesses also use banks so they tend to deposit a lot while people withdraw a lot It generally balances out to more cash/money in the bank than our daily
Comment from : SCP Database

Apples ripen around October and Oranges ripen around December, so it will be 2 months, not 1 when I can get you those orangesbr Totally irrelevant here, sure But Wendover is known for their accuracy, and I would hate them to lose that reputation over just a month's difference?
Comment from : Eric Taylor

4 minutes to explain the fallacy of the "economy in the shape of one static pie"
Comment from : Trap Johnson

Ultimately, the way banks "create" money is the same as the way governments "create" money: by enough people agreeing that it's better to pretend that some kind of token has tangible value for the system to work, and the people who can create those tokens being consistent enough not to convince them otherwise
Comment from : Steven Neiman

The introduction of telecommunications did so much for finance It's impact is incalculable I mean, being able to wire money to England from New York or San Francisco? It really is incredible and the fact we take it as a given even more so It's my understanding telegraph is still used for international finance in many cases
Comment from : The Viscount

Managing resources and making good returns is not as easy as it seems, there are a lot of things that aren't well taught in schools The market crisis gave me my first returns, when people stayed away from hard times I made the most of itmany credits goes to Sir Trevor James Beckerman
Comment from : Jorg Miller

6:00 ESTONIA ATM MACHINE!!!! ESTONIA BIG ESTONIA BEST GO ESTONIA NR 1 🟦⬛⬜
Comment from : Merch Rich

Your pronunciation of Waltham is not correct It’s more like Wall-tham (sounds like ham at the end) What you’re saying omits the last “a” and sounds like Walth’m
Comment from : Random Stuff

I would disagree with you saying it's a real money representing real value the value of printed money is not so real on the long term
Comment from : mah dou

Money didn’t came from thin air, it came from apples that you grow, each year you make apples and exchange apples for money
Comment from : miladi wassim

cool how you nearly perfectly say "Deutsch(e) Bänk", just missing the "e" in the end and it's "Bank" xD (but i get that, english phonetics are just different - still, "eu" (phoneticly like "oi") and "sch" (like "sh") are pretty difficult for native english speakers normally^^)
Comment from : BlackRedDead

A blockchain based system would eliminate all of the complexity and expose all of the rehypothecation that should be criminal
Comment from : Andrew

Basically we need no bank
Comment from : Cai Shen Grandpa

XRP stepped in the conversation
Comment from : simply_ralfy

Majorly disappointed from the lack of Money grows on trees jokes
Comment from : Evie Sofia

Probably the best video i’ve ever watched Thats what i will show my kids in 25 years
Comment from : Keanu

A business that can create money has to actually work and compete? Wow that sounds inefficient better let the government take care of it
Comment from : The Red Goblin

Hey there! Buster Keaton movie is gorgeous! Thanks
Comment from : ildar mingazov

Make video about Cashapp
Comment from : Christian david

Swift protocol will go extinct The company may still be around if they adopt Ripple's ODL protocol
Comment from : JindSing

lol, never paid a transfer fee since i left the US
Comment from : somethingsomethingsomething

this is way better than ray dallios famous animated video
Comment from : somethingsomethingsomething

Sumary: Blockchain technology is way better than everything
Comment from : Lockface77

algorithm
Comment from : debigcheze

17:38 Banks can't do this except when they can I can instantly wire money from a German bank account to a Lithuanian, It's called SEPA instant payment
Comment from : Jannis

I have no idea what I just watched, but I feel smarter for some reason
Comment from : Glitched Blox

18:12 whats that building damn?
Comment from : Jashan Sogi

Banks: "We'll keep your money safe"brAlso banks: "As soon as you were out the door we gave most of your money away because someone promised they'd give it back in a year from now"
Comment from : Amy Mason

This is one the best explanations on how transactional banking works, it oversimplifies a bit but captures most of the implications of each process,
Comment from : Strix

lol cave man money, just use Bitcoin and lightning
Comment from : Caleb Fenton

To save them selves from the hyperinflationary death spiral by turning off the money and keeping other countries from pushing their held dollars back into the us economy Since the dollar has been weaponised, now other countries are realising that holding dollars is as meaningless as it is untrustworthy
Comment from : Tony Nugget

Crypto guys thinking theyre some finance expert, watching this: confused oonga boonga noises
Comment from : Just Some Bigfoot With Internet Access

The look on that guy's face when the lady almost counted the bills was sketch lmao
Comment from : Omniscient Orangutan

Very good explanation of how money works This explains why there's inflation as there are many points in the system where money is added to the closed loop As such, money has to be devalued because it's supply is not fixed
Comment from : MichaelSniper

Use demand and supply rules
Comment from : ibrahim seth

Stop digitalisation Thank you :)
Comment from : Paul Silva

TRADING CRYPTOS HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIMES AND FAILED, I TRADE ON MY OWN BUT EACH TIME I KEEP LOOSING MONEY I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH
Comment from : Maria Tyler

The best way to attain financial security and being debt free is making better investment decisions I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money investing For example last year I invested 70k in stocks and Defi and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million Delayed gratification always pays off
Comment from : Ahmed Hassan

I love the videos more when there aren't as many jokes/sarcasm He can break down complex concepts very well
Comment from : Devon Riley

Sense 2020 the reserve requirement is 0 but truthfully reserve requirements have never really worked the way it’s explained here, in truth things get funky because with a 10 reserve requirement and a 10$ deposit banks don’t lend out 9$ in cash but rather they deposit 90$ into an account
Comment from : Logan Coplan

Well done, but I wish the concept of paper truncation had been included Other countries figured this out before the US did, and it was a helpful step in the process
Comment from : Joey Riso

👏 👏 👏 👍
Comment from : Henry Lim

Can anyone go and listen to the sounds on 1:45 in the background, if you listen closely you hear some very quiet background noise which sounds like something that shouln't be there
Comment from : RJO Olieslagers

Everytime I watch your videos, I feel a little bit smarter, it's as if I understand the world a little bit better While some imagery in the videos don't fit, the concepts being explained in such an easy to digest manner well make up for it!
Comment from : PraGaming