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The History of Paper Money - Working out the Kinks - Extra History - #5

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Comments The History of Paper Money - Working out the Kinks - Extra History - #5

i love the videos becouse i build and have this in the back Comment from : mrgearsRR

1:28 Crypto bros, you are here Comment from : reedpathfinder4

Royal bank of scotland being one ive gotten one paid to me by a client in dubai (we accept foreign currency) my uncle actually thought it was fake and asked me to check it online Comment from : Rosemeen Ahmed

Getting off the gold standard was not a good move paper money backed by nothing is just paper with numbers an portraits of long dead men Comment from : 616 !

Honestly if there is a way to figure out the gold standard We should do it Inflation going crazy Comment from : peet gikeri

Damn, I'm sure glad I live in a country with a government intelligent and ethical enough to maintain and enforce sensible regulations on fractional reserve banking without repeatedly deregulating things so that bank rushes don't keep repeatedly happening in their own cunting lifetimes as the people who vote for them repeatedly fail to learn anything from the experiencebrbrOh my bad, Opposite Day is bnext/b week Comment from : Zack Akai

Scottish bank notes are soooo annoying I just used them to give to charities Comment from : Thvndar

Bold of you to think that humans think through complex issues and consequences before engaging in disruptive technologies and "innovation" We do not; and scientists, engineers, and technologists are the worst when it comes to considering the ethical and disruptive nature of their work and products Comment from : Theo

Only if they showed it at schools when the series was made Comment from : Т1000 Youtube

7:00 I'm slightly too young to remember it (or rather to have had a good idea at the time of the significance), but in 2008, WaMU, Washington Mutual, who were one of the most prevelant banks in the Pacific Northwest, collapsed under its own weight They had issued way too many bad loans and expanded way too quickly They suffered massive runs due to failing confidence and in September of 2008, the FDIC and seized the bank and sold it to JP Morgan Chase Chase saved most of the banks customers from ruin, but shareholders and some bondholders were ruined by the failure Comment from : Richey Baumann

8:30 Theresa May moment Comment from : LJW1912

A 10$ gold coin is the size of a quarter I could carry that to the big city no problem Comment from : AaronLee

Thanks for the excellent videos brI wish we could get back to a gold and/or silver standard Fractional reserve banking is one of the worst inventions of man Comment from : Elliot Axelman

You keep calling fiat notes money smh Comment from : MetalsGear

4:52is that why their called pounds!!!!!!! Comment from : SOS JA

There's a reason why you need centralized finance Decentralized financial exchange is rife with problemsbrbrbrbrbrbrbrbrbrbrbrbrbrbrJust look at the cryptobros whining for a central authority to help them after a major hack, or whining that someone disagrees about the value of their receipt for an image, possibly of a ugly looking ape Youi wanted decentralized, this mess is what that looks like Comment from : Bthsr71

I've used the expression "less than Jazzed" for the past 6 years because of this video Comment from : nicholas decarie

Successive 25 lesser amounts wouldn't equal to 50 rather more Exactly 4375 :3brJust saying XD Comment from : Nafuwu __

sure do love how youtube forgets to actually order your videos :l Comment from : JustFrankJustDank

5:20 1921, no longer less than 100 years ago Comment from : Logan Labbe

When you said, "this is a good thing" it's with sarcasm right? Comment from : Ricardo Zúñiga

George Selgin disagrees Comment from : Lowell Tarr

7:23 yeah Basically this is what happens here in argentina, nobody its so dumb to trust any bank rule by the goverment because they fail so many times that now only 7 of the dolars in the country are in the banks and our central bank just make more money from nowhere thinking that solves the problem Comment from : Franco Salvatierra

6:35 great thing 🤣 Comment from : Muhammad M

I have a new crypto idea guys I will get the worlds biggest roll of receipt paper and print all the transactions you guys told me you did and I'll email you a scan of my big reciept You get receipt coins by sending me your completed math homework Comment from : Samuel Armstrong

Have you had three different editors for extra history? Comment from : Aidcrazy Sol

5:01 " 1844 is in the middle of the 19th century" Comment from : Imperator Of Taksovia

Sir I got to know that there was a person named John Blunt who sharpened swords and John Law who illegally gambled and both ruined economy of UK and France respectively Comment from : Aviral Singh

Take a shot every time he says bank Comment from : Imawaffle

Just imagine now People paying for medicines and oxygen with fish and cattle in this communist jingping virus times Comment from : reichdesarnab

who here is from the netherlands? Comment from : Jocelyne Miranda

To this date banknotes are printed by bank in HK and not the central bank Comment from : Zuriel

Funny how most of the worlds debts are owed to banks, Wonder how that happened! Comment from : sam johns

Truly amazing content! The visual and audible presentation of complex topics covering historical time periods being broken down to easy understand simplified terms is the sign of a true educator! Comment from : Patrick

I have a feeling this isn't going to age well Comment from : Nikola Stefanovic

Ponzi scheme in the end Comment from : OSMANGHAZI Baburhan

Just because banks appear to be good for the economy doesn't mean I trust em Comment from : A R

Anyone who thinks central banks are a good think, is a moron Comment from : Capt Rob Miller

5:24brMe watching this in 2021 Comment from : Hi, Im Somehow Still Alive

"1921 - less than a 100 years ago" made me bluescreen for a minute Comment from : Varvara Chernova

Kinky Comment from : Michael Dezell

I am from the year 2020, trust me fractional reserve banking sucks balls Comment from : dog guy

The United States central bank is the federal reserve right? Bank of America is just another bank I think If I'm wrong somebody correct me Comment from : James Scannell

Regarding the United States In the early 1960’s Kennedy ordered the Mint to print “United States Notes”; I even had a $2 one which had a red seal These were not bank notes, rather debt-free currencybrSadly, this was discontinued for reasons now debated Comment from : Richard Vennel

I'm sorry, is this some sort of Central Bank joke that I'm too enamored with asking Jesus for more bread and fish to understand? Comment from : Daniel Black

what no one ever talks about is the reason why all of our countries are in debt to the point to where they will never be able to pay it back because of the central fractional banking it was horrible for world the gold and silver standard was safe you didn't have to worry about if your country got tooken over that you could feed your family Comment from : Game Heathens

If you take off 25 of $1000, you're left with $750 If you take off another 25, you're left with $563 Comment from : FishFeed

I love that at 3:20 "organic-fair trade" is written in current italian, english and chinese for euros, dollars and yuans respectively Comment from : Claudio Lentini

bthat "all european central banks share a core" is because all their founders where the 5 rothschild brothers/b shouldn't have been too difficult to speak that out loud Comment from : Dichtsau

bGET YOUR SHELLS HERE (the deadly kind)/b Comment from : Lila Percy Person

The federal reserve reduced the fractional reserve requirement to 0 in March, which I think is a first in US history It's interesting that we might live to see a future where fractional reserve banking is a historical concept like the gold standard Comment from : Enchargabaro 2

Lol Halifax advert before this episode Comment from : Off-The-Cuff Gaming

"One great inovation, the central bank"brbrI'm twitching from hearing such stupidity Comment from : Jon

Ya 100 years is geting closebrEdit: that is if the world dose not end Comment from : LeFlameWolf

COOL! Comment from : Lisa Stokes

the Zecca of Venice had already existed for centuries as a central bank printing money Comment from : Canem Cave

faltan subtitulos en español, estaria bueno que mas personas entendieran esto Comment from : Jose Cruz Guzman

So the idea is that the value of currency comes from the people's trust of the government and the central bank, the very same entities that people don't trust!? What could go wrong!? Comment from : Abd elkarim

That's the problem: Money supply expanding isn't a good thing! Comment from : Abd elkarim

I'm from 2020 Comment from : Statapp1

"fractional reserve banking is a great thing" This video brought to you by the red shield bankers The collapse of the American dream near you Comment from : darkblood626

"This is good because it allows an economy to grow beyond its means that it has in the reserves"brbrNono that's not good at allbrbr"The central bank is concerned with keeping everything stable instead of making a profit "brbrThat's horseshit Comment from : Wesleyan Wannabe

ask Jesus LOOOOOL 4:25 Comment from : Mitaka Sensei

There's never itoo little/i money Mostly there are people bthinking they have/b money while they do not Comment from : Piotr Masłowski

8:36 Oh you're such an ass They don't print the money for the interest moron! So what do they take? Our gold, our silver, our homes, our land, our children, and our property brRights and you're offspring are your PROPERTY! brWe don't have capitalism anymore Whe're more closely resembling mercantilism We're being turned back into surfs and indentured servants Comment from : 3576alan

bB A N K/b Comment from : Echidna142

In Hong Kong as of at least 2011, there were private banks issuing Hong Kong currency Comment from : Don Carlin

A central bank is a bigger threat to the freedom of a people than a standing army Comment from : Jonathan Dunham

In Scotland we have the Bank of Scotland and the royal bank of Scotland it’s so confusing Comment from : Rab

The gold bugs are not out in full force I thought they would be because this is a true history of why their pet idea is so stupid Huzzah! Talking to gold bugs is like talking to gun nuts, flat-earthers or anti-vaxxers--people totally divorced from reality and stuck in their respective la-la-lands of stupidity Comment from : Luboman411

Its a scam Comment from : Armada Pejuang

Hi Comment from : Sylvia Schultz

no one:brthe korean won: not stonks Comment from : Orca [ENG]

I don't need to worry about a bank run because I never have any money to put in the bank Comment from : Mr D

So there's something my economics professors never really explained to me:brSuppose the Federal Reserve creates $1B They lend that to banks at 25 interest The banks lend that out to people, businesses, etc, for around 10 interest Some people buy a house, others start a business The people with their houses have jobs at business that try to make a profit and pay off their debts But as everyone pays off their loan with interest, where do they get the money to cover the interest? It seems that, by design, there will always be more debt than money in circulation But how would that work? Comment from : Kyle

Also, keep in mind that "organic" is a scam Comment from : Professeur Gidéère

I can say good history video and also pointed out another reason why the past sucked as you told the problems of the system Really makes people think Comment from : Kelly Chuang

What is the name of the banks not under the Bank of England? I’m interested in buying a banknote or 2 Comment from : Robert Andrews

Kinda glossed over the downside of the link between the central bank and government brVia great recession Comment from : M D

Hoarding money because of lack of trust in government is what is still happening in the country where I live and it is only starting to change It is only a couple of years ago when a police chief living near my house lost $10,000 to thieves because he didn't trust the bank, ie the government not ceasing the money at any time: people haven't forgotten brbrbrOf course, the majority of population is either paid weekly and live from paycheck to paycheck and bank branches only cover a minority of the country making them unusable for most Comment from : Claptrap

Why do I get the feeling that in a few generations, the the reserve Banking system will crash into oblivions and those future generations are going to stumble unto these clips that keeps declaring these banking systems as "GREAT THINGS" and laugh themselves to death over how naive those views were? Comment from : Daniel Lanctot

Money is an illusion Comment from : Scantier

Central banks solve some problems, but cause even bigger problems Comment from : kapitan19969838

3:57 omg that's both hilarious and adorable Comment from : cm

0:41 Look at right Comment from : Dominic Tan

I'm following one of your playlist and it is nice Only source are missing and that's a pity Comment from : P A

Britain is so strong and stable, wow Comment from : Cheydinal

The links to the outro music are dead and i really need a copy of that song Comment from : Edo

They should’ve also told the corrupt history of the Rothschild family and how they rose to power through their manipulation of fractional reserve banking Comment from : Brian Reynolds

Love this series!! Really interesting, and brilliant explanations!! Comment from : Aidan Wansbrough

"But you're using it!" Comment from : CageyBee

VowForABetterEnvironment nectar so most of the organic honey Biofuel Lumber 75+cotton+25+linen copper+brass+coin+blanks platinum+silver+coin+blanks silver+nickel+powder Comment from : Mallow Nectar Smoker

i like hiw they had to specify it was the deadly kind of shells Comment from : Andy Phu

I think we need a video on the modern international currency exchange, it'd be very informational Comment from : Ninjastahr

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