How Banks Work #shorts

“Ever wondered how banks really work? In this video, I break down the basics of how banks manage money, offer loans, provide payment services, and help you grow your wealth through investments. Discover the essential role banks play in the economy and how they impact your daily life. Watch now to learn more about the financial system that keeps everything moving!”

[cjfilly]

All while giving you 0.4% intrest per quarter but charging the borrower 10-15% so criminal!!!

[ScorpionGod]

SO YOU MEAN TO TELL ME THAT THE BANK CAN WRITE FRAUDULENT CHECKS TO GET AHEAD BUT WHEN I DO IT, ITS A CRIME! 🤔

[niksmith]

Truth! I worked in banking for 5 years! Had to get out cause they robbing people without a gun .

[e_jesus]

Thank God he put himself reacting to it, because it made a difference and allowed me to understand better

[kennethdarby]

Learned this in principles of economics.

[prophetessjoannhooper]

Thats so true! I put 250, 000.00 . I needed 50, 000 my bank told me it will take 10 days to give me inly $50 thousands. Keep speaking the truth. They loan out your money everyday.

[paulheaphy]

" The whole world is under the power of the evil one. " " Come out from among them and be separated. "

[Herbie]

Basically creating their own money, which if we’re to do, we’d be arrested.

[azelrrp]

In short:
The bank uses your money but doesn't compensate you for it.

[knownme]

Ahh Fractional Reserve Banking, but the average citizen cannot operate exactly like a bank due to regulations, that figures. But there are other ways to implement similar principles like whole life insurance, private lending, creating a holding company, investing in real estate using leverage, using business line of credit. The key here is to REINVEST😊

[LoveCrypto]

It's called FRACTIONAL RESERVE BANKING, and as of 2020, the reserve is at 0% reserve which makes those 10k into millions.

[pandassassinoverlord]

So therefore, put that deposit into fixed asset like real estate and keep borrowing money. Use your cash to make you money, rather than depositing your money for the bank to use your money

[Charlotte]

That is why all in the banking system freak out when people take their money out from a failing bank.

[sd]

What you can do, have the bank write you out an OFFICIAL CHECK for the $$10, 000 (you have possession of that check for 3 years before it expires.) Cash and use the money weeding it down and putting the remaining amounts in OFFICIAL CHECKS. BANKS DON'T LIKE THAT AND YOU DONT MAKE ANY SCANTY INTEREST, BUT THE BANK ISN'T PIMPING MONEY OFF YOU AND YOU HAVE ACESS TO YOUR MONEY WHEN YOU NEED IT. PUT YOUR CHECK IN A SECURE PLACE.

[toninmiri]

The owner of the first bank in america said banks should not He said this bank should be shut down in ten years and only use to help america in its first decade of life. His name is thomas jefferson

[jdoedoenet]

The situation is actually far WORSE now. They no longer have any reserve requirement, and can loan out the entire $10, 000...instead of keeping 10% in reserve.

[brandielee]

Out here flipping bricks without bricks 😂😂😂😂😂😂

[prospectjay]

That's why I only keep a checking account and maintain a living insurance policy or an IUL

[peacefulyou]

This is literally exactly one of the primary reasons why you should be investing your money instead of saving it and putting it into banks folks!!!

[chewdrag]

This is called a fractional banking system and it was used a long time ago. Our financial engineering system is so advanced that banks don’t need to have the deposits to lend the money. Banks can create money from thin air and loan it to anyone if they think they can make profit.