The Banking System Explained In 30 Seconds

Luke Belmar Explained How Banking System Works and why you shouldn't rely on banks with your money.

#short #shorts

[Craiggg-jcfb]

Imagine a bank gambling your life savings and they lose 10-fold. That's called a recession😂

[suemitchel-runow]

The banks are collecting interest...mostly from loans...but people can invest in compoding interest savings...it will just take long time to add up

[loganross]

Belmar understands money and I would love to understand it also.

[savagesp]

so you're saying if a bank goes broke, fdic can't return depositors money?

[parvapatel]

The new age influencers know nothing. There is a leverage limit on big banks. And banks with no/low leverage limit are so small. And bigger banks can consume there losses in case of bank run

[alyoshapearce]

We should definitely go back to just throwing rocks at each other across the valley. Like the system we have works way better than anything we had in the past.

[michaelgabrielcube]

Either way, your loosing 6.9% per year from inflation since you earn 0.1% only just by putting it in the bank, it really is just a scam, thats unless if your saving Bitcoin which doesnt even have to be put in a bank to be kept safe, and for the record, its the dollars that going to zero, the same reason why Bitcoin wont

[UltimateJellyG]

Basically we get print money decreases the dollar