Fractional Reserve Banking Explained in One Minute

Well this is just fucked up.... who the hell approved of this???

Question : where does the additional come from, if all money is made out of thin air? Someone at the end of the food chain will lose their entire savings, if all debts on paper have to be paid at once

Welcome to trump 2.0. He is going to do away with FDIC. And then?

Why did you put music in the BG that's louder than the speech? Dumb and terrible.

Zero aire is much more Richer than Infinityaire

Video is factually incorrect; it does not explain The Federal Reserve Act of 1913 that allowed for fractional reserve banking in private banks with 40% gold as reserves vs. no gold as reserves after 1933. The gold was the money and the reserves from 1913 to 1933, what replaced the gold as reserves after1933? Answer NOTHING NO THING. ZERO. The money was silver and gold based on the legal tender law from the Coinage Act of 1792 up to 1933. If the gold was removed from circulating what replaced the gold? Answer NOTHING, NO THING.A dollar is not the money, never was now. A dollar is the expression of a quantity of gold in coin form. What law says, "dollars are the money" Answer: NONE. Read or look up Merrill Jenkins or his book Money: The Greatest Hoax On Earth. He beat the IRS and the IRS did not want is victory on record to be looked up so the IRS left him alone and he tell this story on his set of cassettes back in the 1970's.

MUSIC IS OVERWHELMING = money created from nothing, quiet voice = 10 in reserve.

Absolutely trilling video!!!!!!!!!!!!!!😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀💀

I'm not in America, so don't have all of the specific info to hand; but as I understand it, there is no need for the deposit to be $1,000 for the bank to plan out $900. Until recently, the bank could loan out $900 for every $100 deposited; so a $1000 deposit would allow the bank to loan out $9,000. The money it lends out, it literally creates out of thin air.

this is not revenue producer, this is inflation producer. which j*** bastard invented this??

Not totally true. The initial 1000 was created out of thin air. Every dollar and loan in the example is made up, just numbers in a computer.

So it's a ponzi/pyramid scheme 😂. Got it. And they are too big to fail? I wonder if everyone just started using cash again for EVERYTHING, even bills. no banks needed. Just a ton more mail carriers 😂

There's a great book on this subject called "The Creature Jekyll Island" by G.E. Griffin. Your video explains the very basic concept but completely ignores the major problems associated with making money out of nothing, which is EXACTLY what happens every time someone borrows money from the bank. In the financial realm the words "loan' and "borrow" are HIGHLY deceptive and give the public the general notion that when you go to the bank to get a loan the bank actually has that money in the vault. NOTHING could be farther from the truth in actuality, but because there is so much money involved dismantling the system would be very problematic, especially in the economic sense. The way the system works, every dollar that you or I have ONLY has value because someone else borrowed a dollar that they agree to pay back at some point in the future--with interest! Apparently, we're all suckers; where does the money to pay the interest come from if the monetary system is essentially a closed loop? (Money simply circulates between banks after all. The only way to provide money to pay the interest is to increase the amount of indebtedness, which explains why I get several offers a month for a new credit card.) The basic cause of inflation is too many dollars created versus the value of goods and services. This DEVALUES each monetary unit which we then experience as inflation. NOW READ THE BOOK!

Long live the background music. I swear I could hear every word, How wonderful, could you consider turning up the volume please!!

So in a nutshell, working class people trade their non-refundable time for 50 year outdated & over inflated dollar bills that came from nothing, which they tax the hell out of you anyway as the cherry on top. Scary.

can someone smart tell me why i feel an inescapable sense of dread upon learning how our monetary system
works? like, this feels wrong but i can't explain why really.

I’m sure George is gonna pay that loan off 😉

Total fraud

this is not allowed in islamic finance.

What about blood banks. Can someone go and take their deposit back? Often I have these thoughts.
When someone deposits funds into your bank acct. you effectively have given the bank a loan. That amount sits on the liabilities side of their balance sheet until the funds are removed by you. Alot of commercial banks pay interest to depositors these days. For more of these simple concepts, look up Richard Werner, he knows alot about banks.

if i deposit the money how can i say that i have "1000$" to spend? only when i withdraw i can spend it right. and when i withdraw, the bank pays me from its fractional reserve. which includes other people's money deposited in that bank. lets say i'm the only one who deposited in the bank (the only bank in the whole world) bank lent the money only to person say john after retaining some amount. now john has money which he can spend. but me? i have to withdraw to spend it. if i want to withdraw bank should pay me in full but it doesn't have it coz it lent it to john. so technically only john can spend the money. not me. he has to repay the loan so that i can spend the money after withdrawal.

Nice loud musiic to this outrageous scam ever produced on mankind to enslave them all.

They make money from our money

The music 😤

You can't make something out of nothing,that fractional reserve banking

The music is loud

CANT HEAR YOU

horrible background music...

The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

All fine and dandy until customers decide to do a bank run. And banks are caught with their knickers down.

WTF the music is louder than video

G can you turn the music up, your Words are getting inn the way of the music🙃🎶

why there's $1900 in the financial system while we have only deposit $1000?

holy shit...if people knew about this there would be a revolution tomorrow

The federal reserve requirements are no longer required. So that makes this video bunk

WOW.................Appreciation and blessings from Australia .

this would be so much better if there wasn't the shitty music in the background

You have a math error in your video.

The total amount remains 1000.

Lending 1000 to the bank means I have -1000 (because I gave it up in exchange for a deposit slip)
The bank loans out 900 and keeps 100 (so that's 1000)
The guy with the loan spends 900 (now has zero) and the lady who got the 900 deposited it in a new bank who lends out 810 and keeps 90. 810 plus 90 plus 100 is still 1000.