Videos

Money as Debt or Federal reserve system explained

Posted by Boris Agranovich on April 11, 2010 at 11:21
Views: 109
Get Embed Code
Tags: ratio, deposits, loans, reserve, mponey
Modern money mechanics. Where does that bank credit come from? It comes from a different bank, who has borrowed it from another bank, who borrowed it from another bank, who borrowed it from the first bank, all holding 10% and loaning out 90%. That is how money is made out of debt.

You need to be a member of Global Risk Community to add comments!

Join Global Risk Community

Comments

  • Boris Agranovich April 18, 2010 18:24
    Hi Phil, I think the answer to your question is quite simple. To be able to keep the equilibrium between the goods and services exchanged with available money you have to make an inflation correction which depends mainly on money supply (or on interest rate as they say).
    The video states that since 1913 the dollar has lost about 96% of its value. You can compare it with let’s a the price of a Ford car in 1913 and now. I don’t know exact figures but I believe these will be in very close correlation..
  • Phil Gadzinski April 18, 2010 12:55
    I have one question. The comment is "if there is no debt there is no money - or vice versa" and money is not required. Then how do you maintain track given fiat money is a store of value - how do you exchange goods and services evenly?
This reply was deleted.
★
★
★
★
★
Votes: 0
E-mail me when people leave their comments –
Follow

Popular Videos
Interview with Norman Marks about his new book "Risk Management for Success"
Interview with Terisa Roberts from SAS about the role of AI/ML in Risk Management
Interview with Steven Minsky, founder and CEO at LogicManager about Data Privacy and GDPR
How to be a Chief Risk Officer with Jennifer Geary
Interview with Anton Lissone, CTO at SAI Global
Interview with Helen Fanucci, a Digital Transformation Sales Leader at Microsoft.

Featured Videos

    About Us

    The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!

lead