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The Sleeping Volcano of Global Finance

Self Confidence UFO's and Extraterestrial Life Mystery and Paranormal Powers

JA Yeah, this is a great case, you know.

When you put money in the bank, you deposit it.

Who benefits? And what purpose does it serve? SHOUTlNG

Who benefits? And what purpose does it serve? What is a money system?

He deposited the prize money in the bank.

I just give them a checking account.

So 10 of 110 is 11.

So what I do is, I take their 900 gold pieces, and I take it as a deposit.

So this right over here, that is

What do you do when you grow up?

Easy!

And let's say that I can, in the bank,

I'll open a bank account.

I have a fairly wealthy village.

We've questioned the future of capitalism.

And there was a payoff.

They're way cuter than the one at ... you know

Goldman Sachs projected 2027.

That's the short term. That's the flame part.

Interest rates will rise due to monetary tightening.

I have a lot of money in my savings account.

Well, no. Because then a bank take on arbitrary amounts of risk and there are regulations, although I think a bank would do it on their own to some degree, but there're regulations called reserve requirements that tell us how much lending can a bank do relative to its actual reserves. In this case, it's reserves of gold.

You know, about my money.

And I think something happened, right? He put aside a little cash for you.

On interest expense.

So this is lending some cash.

So how much could I expand my balance sheet?

That would be total bank notes in this case and bank notes are also something we'll later leave a world where every bank is issuing bank notes, but I just wanted to give you that kind of historical context, how bank notes even started off.

I want to deposit some money.

I trusted him with the money.

So what would be total demand liabilities?

That's normally what the fed is concerned about.

sticks and carrots.

I put the money in a three year time deposit at the bank.

But it's the same idea.

I have 300 gold pieces of reserves

I could've actually issued bank notes, same idea.

I mean, I could even have a denomination that's it could be a 500 gold piece.

So this is the account of B. The account of Villager B.

The bank keeps money for people.

He left his safe in my care.

Deposits on long term leases.