Banking 1

Introduction to how banks make money and the value they (potentially) add to society.

Category:

Education

Tags:

• banking
• money
• credit
• investment
• savings

[omgiheartpie]

knowledge should be shared, not labored and enslaved for.

[xXvolhvXx]

So, remind me again, why are people pissed off at Wall Street?

[noobkosh]

@CaptainSkeletor I know it sounds silly but it does work. Not in today's society that everyone is a slave of money. It takes time but hopefully in decades or maybe centuries it'll happen, hopefully. that's the only way to get rid of poverty. it is too complicated to be explained in 2 or 3 lines. Just think about it.

[CaptainSkeletor]

@noobkosh You seriously believe that would work? Money was created to be a middle hand for trading

[yaqubali]

It leads to inflation which is destruction

[noobkosh]

money is dirty. i wish someday the whole money system goes away and conscience show up. imagine a world that everyone work buy anything they want and pay nothing. all people are as reach as they want

[nlo13]

@Luckilius

Sources, please.

[DarnDatDiddy]

Because the newer types of banks (financial) were poorly regulated (gov. asleep@the gate/in the pockets of big firms/both) &these banks 4the majority made really risky/greedy/&sometimes immoral transactions that eventually collapsed the banking system. Then, 2add insult 2injury, the Gov. bailed them out w/ our tax$s which means we got screwed several ways: tax paying worker bees lost their jobs, their investments, &then we got stuck w/ the bill 4the banks bad behavior. No accountability.

[Luckilius]

He says 'there is nothing particularly useful about gold': false; gold has tons of industrial and medical uses that most people don't know about. Its sole value is not in being "pretty." Moreover, if people stopped buying gold for jewelry, its price would decrease and thus it would become even more appealing for industrial uses.

[dadac123]

I just saw the site of khanacademy and watched this video by accident,and I really wanna say it's brilliant!

This way of teaching is clearly and easy to understand, I love this video at the first glance.

I watched the first lesson then I can't wait to see the next lesson now.

When I was in school I think the learning of banking is so boring, because I don't like it.

But now I found I just enjoy your lesson so much that I wanna learn more.

Thank you! Thank you very much!