The Banking System, Explained In 6 Minutes
Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don't understand, while the last crisis left a feeling of deep mistrust and confusion. But why where banks invented, why did they cause the last crisis and are there alternatives?
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For sure "is up to us to decide"... 
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4. kirkelicious commented 9 years ago
The banking system cannot be explained in 6 minutes!
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8. LUCKYPAUL commented 9 years ago
REVOLTINGLY IMMORAL MARXIST PROPAGANDA
Oh, don't you love the banker with the red devil's horns? Yet another poisonous piece of propaganda to brain-wash the masses and put blame on bankers.
The Brit narrator authoritatively states that bankers recklessly "gambled" on risky investments for a quick return. Now ask yourself this question: If you were a banker, with your own privately owned bank, would you "gamble" the bank's money away as the leftist propaganda describes it? Of course not! Unless you are a stupid banker... but bankers are not stupid. So what is the missing piece that every Marxist demagogue conveniently fails to mention?
It's called GOVERNMENT INTERVENTION. In the form of the Federal Reserve, Fannie Mae (FNMA), and Freddie Mac (FHLMC).
The government gave trillions to the bankers and told them to lend it out as real estate loans and credit card loans.
On top of this, the government set the Federal Funds rate (what the banks pay to use the Fed's fake money) at 1% !!
On top of this, the government told the bankers that there was no risk involved, in fact, as soon as the mortgage loans were being created, Fannie and Freddie were buying the loans from the bankers, liberating the bankers from any risk, and giving them more money to make more loans (this practice, by the way, it is still going on today in 2015).
On top of that, the government passed "Equal Opportunity Lending" laws, forcing the bankers to lend the money to people who couldn't pay it back. Then set up ACORN offices in every city to rat on the bankers who didn't give out risky loans, and throw them in jail. ACORN sent all their "clients" to apply for home loans, and told them: "if you don't get your loan approved, come back right away and we will sue the bank". And so they did, so bankers were routinely fined millions (and in some cases billions) if they did not give out risky loans.
Oh, don't you love the banker with the red devil's horns? Yet another poisonous piece of propaganda to brain-wash the masses and put blame on bankers.
The Brit narrator authoritatively states that bankers recklessly "gambled" on risky investments for a quick return. Now ask yourself this question: If you were a banker, with your own privately owned bank, would you "gamble" the bank's money away as the leftist propaganda describes it? Of course not! Unless you are a stupid banker... but bankers are not stupid. So what is the missing piece that every Marxist demagogue conveniently fails to mention?
It's called GOVERNMENT INTERVENTION. In the form of the Federal Reserve, Fannie Mae (FNMA), and Freddie Mac (FHLMC).
The government gave trillions to the bankers and told them to lend it out as real estate loans and credit card loans.
On top of this, the government set the Federal Funds rate (what the banks pay to use the Fed's fake money) at 1% !!
On top of this, the government told the bankers that there was no risk involved, in fact, as soon as the mortgage loans were being created, Fannie and Freddie were buying the loans from the bankers, liberating the bankers from any risk, and giving them more money to make more loans (this practice, by the way, it is still going on today in 2015).
On top of that, the government passed "Equal Opportunity Lending" laws, forcing the bankers to lend the money to people who couldn't pay it back. Then set up ACORN offices in every city to rat on the bankers who didn't give out risky loans, and throw them in jail. ACORN sent all their "clients" to apply for home loans, and told them: "if you don't get your loan approved, come back right away and we will sue the bank". And so they did, so bankers were routinely fined millions (and in some cases billions) if they did not give out risky loans.
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10. DonaldMorton commented 4 years ago
Great video about the banking system. Everything is explained in great detail. Very cool.
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About this video
Category: Documentary
Published: 9 years ago
Submitted by: Kopi
Views: 2,579
Rating:
(45 votes)
Length: 6:07 minutes
Filesize: 60 megabytes
Dimensions: 1024 × 576 px
+7 1. Oddi commented 9 years ago