FINANCIAL SYSTEM explained in 18 mins

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The world of money is a confusing one. Hope this video helps clear up some things about it.

Get all the latest LLMs for only $10/month at:

00:00 financial system
0:51 central banks
3:00 commercial banks
4:49 pension funds
7:21 mutual funds
8:49 hedge funds
10:23 investment banks
12:11 private equity
14:28 insurance companies

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33 COMMENTS

  1. According to the video, commercial banks create new money whenever they issue a new loan . Rather than simply lending out existing customer deposits, they effectively generate new money in the process of extending credit. While they are no longer restricted by traditional reserve rates which are now effectively 0% in many major economies—they are still managed by regulations such as capital requirements, liquidity rules, and credit checks to determine their lending capacity

  2. Honestly, it’s crazy to look back, but here’s the truth. I wasn’t born with a silver spoon. I was drowning in $97,000 of debt, with zero savings and no retirement plan. Most people think if you’re in debt, you’re at rock bottom. But for me, that was just the starting line. I decided to fix it. I stopped guessing and started learning. Fast forward two years: I’m completely debt-free. My net worth is now over $870k. I’ve got about $550k actively invested in crypto mostly Bitcoin, and I owe absolutely nothing to anyone. I joined this channel three years ago, and it changed my entire mindset. I even managed to grow a portfolio of around 5 BTC in just a few months. It feels amazing to breathe easy when you owe no one. Huge thanks to Bing Michael for the regular updates that kept me on track.

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