The History of Global Banking: A Broken System?

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The 2008 Global Financial crisis was kicked off by major structural issues in the global banking system and exacerbated by record levels of household debt.

Today the world is on the brink of yet another major financial downturn, and yet again household debts are at record levels.

So is banking really to blame?

⭐️ Be sure to check out BC's incredible documentary about John Pierpont Morgan if you're interested in learning more about the origins of the U.S. banking system!

#MoneyPrinter #QuantatiativeEasing #Economics

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[EconomicsExplained]

Thanks as always for watching :D This video was requested by the team over on Patreon. If you want to have your say on what video is produced next please consider supporting the channel.

[collinslagat]

"There isn't enough cash in existence to payoff all the debt in existence."

That hit different.

[samuelmitchell]

It seems like the financial system is a gigantic Dungeons and Dragons game, where people agree that others playing the game have certain powers and agree on a set of rules.

[alifinley]

I never considered “interest” or “taxes” as mechanisms for compelling people to believe that money has value. Thank you. 14:30

[customersupport]

MY MAN REALLY USED RUNESCAPE GOLD FOR HIS ILLUSTRATION

[FinanceOptimum]

*"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."* ~ Henry Ford

[EconomicsExplained]

The lizard people will be very disappointed.

[Alex-flyh]

This channel taught me so much and is still improving! Thanks!

[sterlinglapratt]

Thank you for structuring your videos so it just gets straight to the point without 5 minutes of ads

[LibertyScholar]

16:28 "Money Printer GO Execellent memeing.

[INMisi-btwk]

Economics Explained: Conspiracy free

Me: We get to hear conspiracies for free???

[davidmalawey]

Love your channel and I’ve watched dozens of hours.

As an engineer seeking understanding of the economy I think gross domestic “output” is a measure that lies near the answer to many of my biggest questions.

I’m a little sad this is the first time I heard “output” specified in your videos. Hope to see it come up more, along with the implications it has, as they differ from GDP.

[maibster]

Absolutely awesome video! Really gave me the ability to tie my concept of banking together, thank you!

[saisaiverba]

To be honest you can’t go through 1960s-1990s without conspiracies. The world bank did some wild stuff in those days.

[this_is_japes]

so basically it all goes back to the housing sector being an unproductive "industry" that for some reason keeps growing in value, primarily due to mortgages still being handed out like hotcakes, causing most of our economic unrest. kinda like the diamond industry trying to keep its artificially high value.

[Tuppoo]

20:19 So the only thing keeping Deutsche Bank afloat is basically nostalgia.

[NinjaNuggets]

Truly one of the best and yet underrated channel on YouTube. Keep it up guys!

[apfelxyz]

"Germanys banking sector is rock solid"

Die Deutsche Bank trat dem Spiel bei

[melthrandir]

So you’re basically saying the system is ok since it could work out. That’s the same as if you were saying a suspension bridge without a road deck is ok since one could be added later. While the fact the system could work with some tweaking might sound comforting, it doesn’t change the fact that the system as it is, because it is what it is and not what it could be, is faulty.

[johnalvitre]

A great presentation with new information compared to other videos I have watched. I thank you for this. And yes, I did subscribe and will consider Patreon Membership if I find I am with your channel for a period of time.