Banking Explained – Money and Credit

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Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives?

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Banking Explained – Money and Credit

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Comments

Banana Man says:

Thats why our economy is so shit.

Mirliva Tevfik says:

I need 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999999999999999999999999999999999999999999999999999999999999999dollar

Furball The gr8 says:

4:26 so many circles…..

Arny Maggs says:

try to cover something on cryptocurrency

javily6 says:

"Banking might seem complex , but originally, the idea was to make life simpler."
I feel like this could be said about almost anything today…

DSCuber says:

I love how its never explained that the housing crisis was caused by Bill Clinton, who 1) Passed the GLBA in 1999, which repealed part of Glass Stegall and allowed for a bank to simultaneously act as an investment bank, a commercial bank, and an insurance company, and 2) authorized banks to give loans to anyone. Bush tried to stop it, but gave up and let it collapse. Obama then came in with the whole "too big to fail" and authorized a ridiculous stimulus package to bail the banks out. Federal government took on massive debt and now we're sitting here at $20 trillion. If Obama was smart he would've continued what Bush tried to do and reverse GLBA, but instead he compounded the problem. "Too Big to Fail" is utter bs. Banks are a business. If a business fails, something better comes to take its place. So if a bank is gonna collapse, let it collapse. The problem now is the banks actually ARE too big to fail since the 1999 merger essentially created a monopoly on the financial industry, and small local banks were swallowed up. With no fall back, the monopolistic financial industry needs bailouts whenever they're in danger, which is a very dangerous precedent and another economic collapse can happen at any time.

The Adventures of Mr Red Blob says:

3:46 Hang on, a Doctor Who phone box doesn't come out of a bank, does it?

Korina Galatis says:

With their new videos that give you existential crisises, it is nice to watch one of their older videos

Mauri Meronen says:

Money = Dept – they don't lend out deposited money – they create new money out of thin air when you take a lone. So the "risk" is questionable to say the least – as they never had the money to begin with that they "lost" when someone weren't able to pay the interest in their loan.

Grant Tamiadinata says:

'is up for us to decide, though" no that's Rothschild family's job

kioglop says:

Another tardis… Wow…

CPASR sucks at clash says:

3:45 how tardis comes out with money

manim kewl says:

was so fascinated w the animation i couldnt concentrate w what hes saying

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