Banking Explained - Money and Credit

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?
OUR CHANNELS
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
German Channel: kgs.link/youtubeDE
Spanish Channel: kgs.link/youtubeES
HOW CAN YOU SUPPORT US?
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
This is how we make our living and it would be a pleasure if you support us!
Get Merch designed with ❤ from kgs.link/shop
Join the Patreon Bird Army 🐧 kgs.link/patreon
DISCUSSIONS & SOCIAL MEDIA
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Reddit: kgs.link/reddit
Instagram: kgs.link/instagram
Twitter: kgs.link/twitter
Facebook: kgs.link/facebook
Discord: kgs.link/discord
Newsletter: kgs.link/newsletter
OUR VOICE
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
The Kurzgesagt voice is from
Steve Taylor: kgs.link/youtube-voice
OUR MUSIC ♬♪
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
700+ minutes of Kurzgesagt Soundtracks by Epic Mountain:
Spotify: kgs.link/music-spotify
Soundcloud: kgs.link/music-soundcloud
Bandcamp: kgs.link/music-bandcamp
KZread: kgs.link/music-youtube
Facebook: kgs.link/music-facebook
The Soundtrack of this video:
epicmountainmusic.bandcamp.com...
/ banking
www.epic-mountain.com
Help us caption & translate this video!
kzread.info_cs_p...

Пікірлер: 8 000

  • @kurzgesagt
    @kurzgesagt5 жыл бұрын

    Head over to our shop to get exclusive kurzgesagt merch and sciency products designed with love.

  • @SamuelDurkin
    @SamuelDurkin8 жыл бұрын

    The explanation of bank lending is wrong.. banks lend more far far more money than they have on deposit. It's called fractional reserve banking. Essentially when you take a loan out, most of the money you get is created out of thin air, and it's your promise to pay it back with interest that brings it into existence. This is of course gives banks huge power.

  • @thanos2940
    @thanos29404 жыл бұрын

    "A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain"

  • @hunterlehman3056
    @hunterlehman30567 жыл бұрын

    If that is the simplified version, I don't wanna imagine the real version

  • @darnellcapriccioso
    @darnellcapriccioso

    The financial sector and derivatives may have a Hindenburg moment if the US Treasury market collapses. Rising market illiquidity in the $14.8 trillion U.S. Treasury market, according to Bank of America, might affect other financial markets.

  • @NicholasBall130
    @NicholasBall13014 күн бұрын

    I'm deeply concerned about the current banking situation. The thought of a bank as large as SVB failing worries me greatly. A close friend who manages a rapidly expanding startup experienced significant setbacks due to a recent bank run. As a precaution, I've withdrawn over $840,000 from my bank. However, with FDIC coverage limited to $250,000, I'm aware that a potential collapse could have serious repercussions. Given these circumstances, I'm considering investing in the stock market. Any suggestions on how I should proceed?

  • @VR_Wizard
    @VR_Wizard6 жыл бұрын

    You forgot an important detail. Banks don't have to collect the money of their customers they can lend money they don't even possess.

  • @thatonenoob7854
    @thatonenoob78542 жыл бұрын

    "You don't rob a bank. The bank robs you" -Some guy, probably

  • @NotleyAlison
    @NotleyAlisonКүн бұрын

    The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.

  • @petersmythe6462
    @petersmythe64626 жыл бұрын

    "What are you doing?"

  • @sayanmitra7175
    @sayanmitra71755 жыл бұрын

    Nowdays Quantum physics seems more understanding than banking °~°

  • @RichardMoore-jg5tl
    @RichardMoore-jg5tl12 сағат бұрын

    I'm really concerned about the current bank situation, especially with a major bank like SVB failing. A friend's startup was severely impacted by the bank run. I've withdrawn over $640k, as the FDIC only covers up to $150k. I want to invest in the stock market-any advice on how to proceed?

  • @CarterHall-re5fu
    @CarterHall-re5fu

    Great video! I really do have a question. For someone with less than $300,000 to invest, how would you recommend we enter the market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?

  • @jrbattuta295
    @jrbattuta2955 жыл бұрын

    Bank robbery is an initiative of amateurs. True professionals establish a bank.

  • @timbuckthe2nd642
    @timbuckthe2nd6424 жыл бұрын

    It’s designed to be confusing so that normal people will leave em alone

  • @justrifky
    @justrifky2 жыл бұрын

    The first sentence "The international banking system is an enigma.” that is it, that is all you need you need to know

  • @Riggsnic_co
    @Riggsnic_co

    About the current bank situation, I'm really concerned. I am worried about a lot more if a bank the size of SVB may fail. I have a friend who manages a fast-growing startup and was severely impacted by the bank run. I have taken more than $840k out of my bank. Since the FDIC only provides coverage up to $250K, an implosion could have negative consequences. presently want to invest in the stock market. Does anyone have any ideas on how I might proceed?

  • @waddup6598
    @waddup65986 жыл бұрын

    I didnt understand shit but the animations are so cool

  • @FollowerofDuck
    @FollowerofDuck6 жыл бұрын

    “Banco” is Italian for “table”. However, “banco” means bench in Spanish and Portuguese.

  • @gen4sis
    @gen4sis2 жыл бұрын

    Once again the visualisations in this episode are astonishing! For every phrase said, there is a great picture shown and therefore even such a complex matter like banks is easily comprehensive. Thanks a lot and keep on the great work!