Creation of money
Uploader Comments (lostmy1)
All Comments (10)
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In other words, banks are committing fraud by loaning money that they are supposed to have as demand deposits. THIS IS STEALING!
You wouldn't let someone loan out your clothes at a dry cleaner would you? You PAY a bank to STORE your money. If you want interest on your SAVINGS, you must invest. There are financial products like CDs that are legit, since the money is no longer a DEMAND DEPOSIT. Interest rates then are based on the amount of money held in the CD and the time length of the CD
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@cosminboncea Money is create as demand deposits. There are more Ds now than before. When the money is withdrawn then the process is in reverse.
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Why do your videos keep ending mid-video, in this case, in mid-sentence? And why isn't the continuation of this clearly indicated with a Pt. 2?
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@lostmy1: i don't really see how banks create money in your example. This video only explains the way money moves, but nothing more. The banks are indeed intermediaries, and their role in the economy is important. For example, you should have included in this video what happens when the lady cannot pay her loan anymore, but Mr Smith wants his money back ;)
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I love your videos!!! Please make more!!! :D
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good video because it shows the effect of banking on the M3 money supply
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implications of this counterfeiting?
inflation of money supply -> inflation of prices = tax
implications of non-existing principal?
deflation of money supply -> foreclosures of property of borrowers
Banks give you CREDIT ENTRY and take YOUR PROPERTY
BANK = THIEV
CENTRAL BANK = MASTER THIEV
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@gogolando WHY?
These are video clips from a DVD. I am not very good at this cutting business. that . I think the Pt1 and Pt 2 is good idea. DId not think of that.
lostmy1 5 months ago