How Banks Create Money - Macro Topic 4.4

[@richardbutt9442]

i wish my teacher could have just taken 10-15 minutes and explained like this and not just confuse everyone for an hour

[@ntandoquinton6935]

MAY BE WASNT HAVE MENTAL VISUAL UNDERSTANDING OF THE TOPIC

[@AryanRayCS]

I still didn't get ,can u explain dis?

[@AryanRayCS]

I still didn't get ,can u explain dis?

[@hi_its_lucy]

@@AryanRayCS why 2 times?

[@federalmayhem]

@@User-kz7ly2nb5b That's why they're teachers. They failed at everything else.

[@tatutaylor]

stopped watching the video to comment on his ACDC belt. that man is stuntin

[@seemlyme]

Tatu Taylor System is the problem 🏡 Our Life should be around these Great Qualities..... 1, Show all living creatures; all the love and kindness as much as you can. 2, Only try to be honest with yourself. If you try to be honest with others, you will get into big trouble soon or later. 3, Aim only one target at a time; otherwise you are chasing two rabbits and you will miss both. So, the reason behind it. Have one powerful reason and never ever give up the one you want the most. 4, Don't try to be good person only but be the powerful person. We will grow to be the one or we will die. There is no other choice. 5, Always learn and look for to improve something your life. 6, You are not alone. Love and faith the high power reduces unnecessary stress in life. But never completely rely on it. 7, Success and happiness are the byproducts of our usefulness. So, always increase the possibility of success. 8, Life is not going to be easy. Because of our unnecessary things. Eliminate all the unnecessary things as much as you can by organising yourself well with the environments. 9, Never believe anything without the proper evidences. 10, Always try to give more than you take. Because it is dignity/ character of the divinity within you. 🌎 As long as people continue to see themselves as separate from everything else, they lend themselves to being completely enslaved. Success depends on how well we relate to everything around us. Joy comes from that bliss of connectedness. I believe that unarmed truth and love will have the final word in reality. To love; you should have good heart. I am a good person until I see a person better than my standard of goodness. Being good is the progress towards a worthy cause. Love is God. Whoever lives in love, lives forever. How selfish it is to try to keep something forever? Love is all about nourishing, nurturing, sharing and expanding the love within you for all. The principle to which we adhere to is that we have kindness of love at heart for the whole of mankind. As long as there is the unnecessary differences within us; we can not live peacefully so we have to eliminate all the unnecessary differences among us so we can love all. People abilities may vary but not there true love. If we love a person/ God for a reason then we love the reason but not the person. No reason is the reason to love the person because true love never fails. So do not compare or measure the true love as first or the last but love all truly. If you love people truly then you can understand people. If you don't love then you don't understand people at all. People are controlled by system why? The Cyclical Consumption is the current economy all over the World. It is making the scarcity problems of the earth finite resources to deteriorate day by day. Current Monetary System is legalised theft. Real money is Gold and Silver. Scarcity gives the money more value. Real money won't lose it's value. When Governments stay away from Gold & Silver then very easy to transfer the wealth / resources to upper class the Rich (Corporatocracy) Elite. When the Governments are printing out more new fiat currency with reserve banks, our old currency is losing its purchasing power everyday. They are printing millions of currency everyday. All governments and laws are existing right now to transfer wealth to upper class the rich elite. The USA Government & other Governments are in many countries, bailed the investment banks & financial institutions in 2008 against the majority of the people. There is no democracy in any countries. Because of the Money System based on profits motive only above all else even humans lives and well-being. So, we do not have freedom to protect our values with the money so on. The violence, bankruptcy & all the negativities are build into the Monetary System of our society. All are owned (including ourselves) by Reserve Bank. Which is private cartel the corporation. So, in legal system, we are legally considered as chattel the properties. They make money in the capital markets with our birth certificates. They do not consider us as Humans. That's the truth. We are at the invisible war with the Elites (Corporatocracies). We have to fight for our Freedom. Resource Based Economy is the Solution. We have to declare the earth resources as the heritage of all the people of this world. So everyone has access to it. Please have your research about zeitgeist movement then you know the truth more. Truth About Health/Drugs Industry Because Of It Your Life At High Risk The drug industry is a 1/2 trillion dollars a year worldwide conglomerate. Almost 300 billions dollars just in North America. That is really big business. What would happen if everyone were well? There is no money in health. You see, good health makes a lot of sense but it doesn't make a lot of dollars. Because everything they do is toxic. Every drug they use, prescription drugs, all drugs are liver toxic, bar none. If you've had amalgam fillings put in your mouth by dentists. It is highly toxic. There's cancer because most of the chemos are themselves carcinogens. To view the tumor as the cancer and we know the tumor is not the cancer. The cancer industry is 200 billions dollars a year. The more work they get, the more profit there is. You have to dismantle; If the truth ever came out about what we would need to do. 30% of people of females in America are at risk of getting, will get cancer of the breast. The ones that are already dead have been grossly mistreated by the medical profession and by the government that supposedly is supposed to encourage free research and development of all possibilities. Why would medical doctors who studied medicine and practice medicine and are heavily funded by pharmaceutical companies why would they go and look into vitamins? That they never had the answer orthomolecular. And as more and more of our population start taking their health into their own hands, there's going to be even more and more of changes. It can't go on the way it is. The system is failing apart. We must make nutrition the primary prevention strategy for the population. You are what you eat. You are everything that you have ever done to yourself. The choices you make directly affect the outcome of your life. - (Food Matters Documentary in Netflix) 😊 Well, I truly love God. I am not religious but very spiritual person. So, I believe 1) Religion is the beliefs in someone experiences But spirituality is having my own experiences. The mainstream religions people promote religious ideology by giving guidelines and guide but In my spiritual life; I do not want anyone or anything between God and me to restrict my freedom to worship God. 2) We do not need any authorities to do good work. The god work is the good work always. In contrast; organised mainstream religions are claiming that they have the authorities to do God works as leaders so on. 3) God is not capable of doing wrong thing, change the past for us and create anything out of nothing for us. Nothing means not anything. So, even God is limited. The mainstream religious people believe that God is unlimited. 4) God wants us to take responsibilities for our righteousness life but not for all the consequences of our actions because they are continued to exist among us. So, How can god punish us for all our consequences? The mainstream religious people believe we are full of sins because of all our actions. 5) Freewill is an illusion. People always choose the perceived path of greatest pleasure. So, we do not have choices all the time. In contrast teachings of the mainstream religions are promoting people to do god's will always because we all have choices of freewill always. 6) We can not separate everything into groups. So, everything for good and evil and there's no success and failure for everything. If everything is real then real things can not be threatened. Once you come to understand that God/The Holy Spirit is in each of us, You will no longer need a Book to tell you how to live. Then why we need religious scriptures? The Virtue is the expression of the basic goodness in our actions. The Basic goodness is the fundamental worthiness of every individuals. We are worthy to God always in everything. 7) Beliefs in a cruel God makes a cruel man. No matter what; every living creatures has the right to live and What makes their life cheap? Everything depends on everything. Nothing too big or too small in value. We can not love and hate at the same time; Being a vegetarian means love without cruelty happily. The mainstream religious people are killing people and sacrificing animals in the name of God. They promote God's cruel punishments. The Punishment is endless for Sinners/Devil according to religious scriptures. But God is love always. Overcome hate with love. If all religions for peace, unity? No way. Because they are not for peace. 8) Well, The God gave us everything to go from moment to moment in our lives as we do our part and pray only to thank god then the Love is in progress. The Love is always for everyone. We are always worthy of the God's love. Our greatest fear is; not to be loved by anyone but we are all loved by someone. When we eliminate all our unnecessary differences among us then true peaceful life is possible with the true love. If we can't find the peace within ourselves then we will never find it anywhere else. 9) This is the Fight for independence and freedom of humanity to worship God freely without religious guide and guidelines to restrict us. Unnecessarily, We do not want third party controls over us in anything ; especially in spirituality. 10) Revive Survive Thrive. Sincerely, The Real Peacemaker against religious oppression. kzbin.info/www/bejne/fpPZdKuDm8h-rJY kzbin.info/www/bejne/kJCwqZ2ap8lqidk kzbin.info/www/bejne/rX3dlpShgKhpnKc kzbin.info/www/bejne/hmnZeZRur6lqoLs kzbin.info/www/bejne/pnqteX2webaWiK8

[@daviddorough2039]

@@seemlyme longest comment ive ever seen

[@ljhearn123]

Hey! I just wanted to say that you helped me SO much in my college macroeconomics class; so thank you so much for making these videos! You're energy in these videos actually makes them fun to watch and you break it down into much easier steps than my professor!!

[@bsnews7614]

Sadly non of what Jacob says in this video is true. Under law banks don't take deposits nor do they make loans. When you think you're depositing money in a bank you're actually lending your money to the bank. The bank can do what it likes with its new money and you become a creditor of the bank. When Jacob describes banks making loans they are actually buying promissory notes with newly created money. This is not based on any fractional reserve - the money does not come from existing deposits or from any other account inside or outside the bank. 0/10 for accuracy Jacob. Could do better.

[@Bearlyhan]

Same here!

[@seemlyme]

ljhearn123 System is the problem 🏡 Our Life should be around these Great Qualities..... 1, Show all living creatures; all the love and kindness as much as you can. 2, Only try to be honest with yourself. If you try to be honest with others, you will get into big trouble soon or later. 3, Aim only one target at a time; otherwise you are chasing two rabbits and you will miss both. So, the reason behind it. Have one powerful reason and never ever give up the one you want the most. 4, Don't try to be good person only but be the powerful person. We will grow to be the one or we will die. There is no other choice. 5, Always learn and look for to improve something your life. 6, You are not alone. Love and faith the high power reduces unnecessary stress in life. But never completely rely on it. 7, Success and happiness are the byproducts of our usefulness. So, always increase the possibility of success. 8, Life is not going to be easy. Because of our unnecessary things. Eliminate all the unnecessary things as much as you can by organising yourself well with the environments. 9, Never believe anything without the proper evidences. 10, Always try to give more than you take. Because it is dignity/ character of the divinity within you. 🌎 As long as people continue to see themselves as separate from everything else, they lend themselves to being completely enslaved. Success depends on how well we relate to everything around us. Joy comes from that bliss of connectedness. I believe that unarmed truth and love will have the final word in reality. To love; you should have good heart. I am a good person until I see a person better than my standard of goodness. Being good is the progress towards a worthy cause. Love is God. Whoever lives in love, lives forever. How selfish it is to try to keep something forever? Love is all about nourishing, nurturing, sharing and expanding the love within you for all. The principle to which we adhere to is that we have kindness of love at heart for the whole of mankind. As long as there is the unnecessary differences within us; we can not live peacefully so we have to eliminate all the unnecessary differences among us so we can love all. People abilities may vary but not there true love. If we love a person/ God for a reason then we love the reason but not the person. No reason is the reason to love the person because true love never fails. So do not compare or measure the true love as first or the last but love all truly. If you love people truly then you can understand people. If you don't love then you don't understand people at all. People are controlled by system why? The Cyclical Consumption is the current economy all over the World. It is making the scarcity problems of the earth finite resources to deteriorate day by day. Current Monetary System is legalised theft. Real money is Gold and Silver. Scarcity gives the money more value. Real money won't lose it's value. When Governments stay away from Gold & Silver then very easy to transfer the wealth / resources to upper class the Rich (Corporatocracy) Elite. When the Governments are printing out more new fiat currency with reserve banks, our old currency is losing its purchasing power everyday. They are printing millions of currency everyday. All governments and laws are existing right now to transfer wealth to upper class the rich elite. The USA Government & other Governments are in many countries, bailed the investment banks & financial institutions in 2008 against the majority of the people. There is no democracy in any countries. Because of the Money System based on profits motive only above all else even humans lives and well-being. So, we do not have freedom to protect our values with the money so on. The violence, bankruptcy & all the negativities are build into the Monetary System of our society. All are owned (including ourselves) by Reserve Bank. Which is private cartel the corporation. So, in legal system, we are legally considered as chattel the properties. They make money in the capital markets with our birth certificates. They do not consider us as Humans. That's the truth. We are at the invisible war with the Elites (Corporatocracies). We have to fight for our Freedom. Resource Based Economy is the Solution. We have to declare the earth resources as the heritage of all the people of this world. So everyone has access to it. Please have your research about zeitgeist movement then you know the truth more. Truth About Health/Drugs Industry Because Of It Your Life At High Risk The drug industry is a 1/2 trillion dollars a year worldwide conglomerate. Almost 300 billions dollars just in North America. That is really big business. What would happen if everyone were well? There is no money in health. You see, good health makes a lot of sense but it doesn't make a lot of dollars. Because everything they do is toxic. Every drug they use, prescription drugs, all drugs are liver toxic, bar none. If you've had amalgam fillings put in your mouth by dentists. It is highly toxic. There's cancer because most of the chemos are themselves carcinogens. To view the tumor as the cancer and we know the tumor is not the cancer. The cancer industry is 200 billions dollars a year. The more work they get, the more profit there is. You have to dismantle; If the truth ever came out about what we would need to do. 30% of people of females in America are at risk of getting, will get cancer of the breast. The ones that are already dead have been grossly mistreated by the medical profession and by the government that supposedly is supposed to encourage free research and development of all possibilities. Why would medical doctors who studied medicine and practice medicine and are heavily funded by pharmaceutical companies why would they go and look into vitamins? That they never had the answer orthomolecular. And as more and more of our population start taking their health into their own hands, there's going to be even more and more of changes. It can't go on the way it is. The system is failing apart. We must make nutrition the primary prevention strategy for the population. You are what you eat. You are everything that you have ever done to yourself. The choices you make directly affect the outcome of your life. - (Food Matters Documentary in Netflix) 😊 Well, I truly love God. I am not religious but very spiritual person. So, I believe 1) Religion is the beliefs in someone experiences But spirituality is having my own experiences. The mainstream religions people promote religious ideology by giving guidelines and guide but In my spiritual life; I do not want anyone or anything between God and me to restrict my freedom to worship God. 2) We do not need any authorities to do good work. The god work is the good work always. In contrast; organised mainstream religions are claiming that they have the authorities to do God works as leaders so on. 3) God is not capable of doing wrong thing, change the past for us and create anything out of nothing for us. Nothing means not anything. So, even God is limited. The mainstream religious people believe that God is unlimited. 4) God wants us to take responsibilities for our righteousness life but not for all the consequences of our actions because they are continued to exist among us. So, How can god punish us for all our consequences? The mainstream religious people believe we are full of sins because of all our actions. 5) Freewill is an illusion. People always choose the perceived path of greatest pleasure. So, we do not have choices all the time. In contrast teachings of the mainstream religions are promoting people to do god's will always because we all have choices of freewill always. 6) We can not separate everything into groups. So, everything for good and evil and there's no success and failure for everything. If everything is real then real things can not be threatened. Once you come to understand that God/The Holy Spirit is in each of us, You will no longer need a Book to tell you how to live. Then why we need religious scriptures? The Virtue is the expression of the basic goodness in our actions. The Basic goodness is the fundamental worthiness of every individuals. We are worthy to God always in everything. 7) Beliefs in a cruel God makes a cruel man. No matter what; every living creatures has the right to live and What makes their life cheap? Everything depends on everything. Nothing too big or too small in value. We can not love and hate at the same time; Being a vegetarian means love without cruelty happily. The mainstream religious people are killing people and sacrificing animals in the name of God. They promote God's cruel punishments. The Punishment is endless for Sinners/Devil according to religious scriptures. But God is love always. Overcome hate with love. If all religions for peace, unity? No way. Because they are not for peace. 8) Well, The God gave us everything to go from moment to moment in our lives as we do our part and pray only to thank god then the Love is in progress. The Love is always for everyone. We are always worthy of the God's love. Our greatest fear is; not to be loved by anyone but we are all loved by someone. When we eliminate all our unnecessary differences among us then true peaceful life is possible with the true love. If we can't find the peace within ourselves then we will never find it anywhere else. 9) This is the Fight for independence and freedom of humanity to worship God freely without religious guide and guidelines to restrict us. Unnecessarily, We do not want third party controls over us in anything ; especially in spirituality. 10) Revive Survive Thrive. Sincerely, The Real Peacemaker against religious oppression. kzbin.info/www/bejne/fpPZdKuDm8h-rJY kzbin.info/www/bejne/kJCwqZ2ap8lqidk kzbin.info/www/bejne/rX3dlpShgKhpnKc kzbin.info/www/bejne/hmnZeZRur6lqoLs kzbin.info/www/bejne/pnqteX2webaWiK8

[@hunimuniful]

@@bsnews7614 ap macro curriculum is much more simpler than real economic system but as an ap student this is how i should learn the subject

[@mikaelawaters99]

I'm a senior college and your videos have helped me an embarrassing amount. thanks dudee

[@hypno159753]

We need to have an International Appreciate Mr. Clifford Day. These videos are incredible.

[@TheBandFiles]

These videos are incredibly wrong, when describing how banks create money.

[@varunpathak9677]

@@TheBandFiles and May you explain yourself?

[@nathankapsimallis1677]

Your videos are brilliant - no one explains these concepts as clear as you. I have watched many of your episodes, absolute legend thanks heaps.

[@wick2573]

Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life

[@Michael-bx1sb]

I have heard a lot about investments with Clara and how good she is, please how safe are the profits?

[@estherjack6027]

@@Michael-bx1sb I have also been tradingwith her. profits are secured and over a 100 percent return on investment.

[@estherjack6027]

My first investment with Clara gave me upto $53,000 and that has made me invest without the fear of losing, I got four of my friends involved with her already.

[@Michael-bx1sb]

@@estherjack6027 wow that's very nice Please how can i be able to reach out to your broker, my income stream is in a mess.pls

[@Michael-bx1sb]

Pls how I can get in touch with this Expert Clara?

[@karfar8029]

Banks don't lend deposits or reserves. Banks create money when they lend. Deposits are used to balance the books. He's describing the fractional reserve theory of banking, which is complete bunk. The credit creation theory of banking is accurate.

[@kofikoranteng1447]

You have this flawless way of explaining economics! You truly are a genius! Your in depth videos have contributed immensely to my 'A' in macro, thanks so much!

[@DumbledoreMcCracken]

His explanation is full of mistakes because he doesn't understand the math.

[@TheBandFiles]

@@DumbledoreMcCracken He also has been taught a series of myths about how banks create money. This is not the channel to learn macroeconomics.

[@DumbledoreMcCracken]

@@TheBandFiles my view is that banks create *secured* (e.g. mortgages) loans out of nothing in exchange for a lien on the real property. I don't know where the money comes from that is paid during credit card purchases. I think personal lines of credit come from deposits.

[@oliverhantu910]

@@DumbledoreMcCracken Please explain to the rest of us where his math is wrong.

[@oliverhantu910]

@@TheBandFiles What is the channel to learn macroeconomics then?

[@1lee178]

YOU ARE THE BEST ECON TEACHER I'VE EVER SEEN! THANK YOU SO MUCH. I AM PAYING MORE THAN $10,00 TO TAKE ECON CLASS IN SCHOOL, BUT YOUR VIDEO WORTH MORE THAN THAT.

[@JacobAClifford]

+이석영 I'm glad I was able to help. Please subscribe and tell your friends:)

[@BGANESH91]

its $1,000 .... better get the money back and watch these videos

[@Jassy19981]

they should just play these videos in class, maybe it'll reduce my tuition

[@smilesalot528]

Hi Mr. Clifford, I watched your videos in high school when I took AP micro and am so thankful because now that I am in college here I am watching your AP macro videos! They are SO helpful this topic makes so much more sense now.

[@DumbledoreMcCracken]

He's wrong in every way.

[@umerwajahat1540]

This guy's a legend

[@el_chapo_ibn_john_al_drakowski]

I AGREE BRO

[@seemlyme]

Umer Wajahat System is the problem 🏡 Our Life should be around these Great Qualities..... 1, Show all living creatures; all the love and kindness as much as you can. 2, Only try to be honest with yourself. If you try to be honest with others, you will get into big trouble soon or later. 3, Aim only one target at a time; otherwise you are chasing two rabbits and you will miss both. So, the reason behind it. Have one powerful reason and never ever give up the one you want the most. 4, Don't try to be good person only but be the powerful person. We will grow to be the one or we will die. There is no other choice. 5, Always learn and look for to improve something your life. 6, You are not alone. Love and faith the high power reduces unnecessary stress in life. But never completely rely on it. 7, Success and happiness are the byproducts of our usefulness. So, always increase the possibility of success. 8, Life is not going to be easy. Because of our unnecessary things. Eliminate all the unnecessary things as much as you can by organising yourself well with the environments. 9, Never believe anything without the proper evidences. 10, Always try to give more than you take. Because it is dignity/ character of the divinity within you. 🌎 As long as people continue to see themselves as separate from everything else, they lend themselves to being completely enslaved. Success depends on how well we relate to everything around us. Joy comes from that bliss of connectedness. I believe that unarmed truth and love will have the final word in reality. To love; you should have good heart. I am a good person until I see a person better than my standard of goodness. Being good is the progress towards a worthy cause. Love is God. Whoever lives in love, lives forever. How selfish it is to try to keep something forever? Love is all about nourishing, nurturing, sharing and expanding the love within you for all. The principle to which we adhere to is that we have kindness of love at heart for the whole of mankind. As long as there is the unnecessary differences within us; we can not live peacefully so we have to eliminate all the unnecessary differences among us so we can love all. People abilities may vary but not there true love. If we love a person/ God for a reason then we love the reason but not the person. No reason is the reason to love the person because true love never fails. So do not compare or measure the true love as first or the last but love all truly. If you love people truly then you can understand people. If you don't love then you don't understand people at all. People are controlled by system why? The Cyclical Consumption is the current economy all over the World. It is making the scarcity problems of the earth finite resources to deteriorate day by day. Current Monetary System is legalised theft. Real money is Gold and Silver. Scarcity gives the money more value. Real money won't lose it's value. When Governments stay away from Gold & Silver then very easy to transfer the wealth / resources to upper class the Rich (Corporatocracy) Elite. When the Governments are printing out more new fiat currency with reserve banks, our old currency is losing its purchasing power everyday. They are printing millions of currency everyday. All governments and laws are existing right now to transfer wealth to upper class the rich elite. The USA Government & other Governments are in many countries, bailed the investment banks & financial institutions in 2008 against the majority of the people. There is no democracy in any countries. Because of the Money System based on profits motive only above all else even humans lives and well-being. So, we do not have freedom to protect our values with the money so on. The violence, bankruptcy & all the negativities are build into the Monetary System of our society. All are owned (including ourselves) by Reserve Bank. Which is private cartel the corporation. So, in legal system, we are legally considered as chattel the properties. They make money in the capital markets with our birth certificates. They do not consider us as Humans. That's the truth. We are at the invisible war with the Elites (Corporatocracies). We have to fight for our Freedom. Resource Based Economy is the Solution. We have to declare the earth resources as the heritage of all the people of this world. So everyone has access to it. Please have your research about zeitgeist movement then you know the truth more. Truth About Health/Drugs Industry Because Of It Your Life At High Risk The drug industry is a 1/2 trillion dollars a year worldwide conglomerate. Almost 300 billions dollars just in North America. That is really big business. What would happen if everyone were well? There is no money in health. You see, good health makes a lot of sense but it doesn't make a lot of dollars. Because everything they do is toxic. Every drug they use, prescription drugs, all drugs are liver toxic, bar none. If you've had amalgam fillings put in your mouth by dentists. It is highly toxic. There's cancer because most of the chemos are themselves carcinogens. To view the tumor as the cancer and we know the tumor is not the cancer. The cancer industry is 200 billions dollars a year. The more work they get, the more profit there is. You have to dismantle; If the truth ever came out about what we would need to do. 30% of people of females in America are at risk of getting, will get cancer of the breast. The ones that are already dead have been grossly mistreated by the medical profession and by the government that supposedly is supposed to encourage free research and development of all possibilities. Why would medical doctors who studied medicine and practice medicine and are heavily funded by pharmaceutical companies why would they go and look into vitamins? That they never had the answer orthomolecular. And as more and more of our population start taking their health into their own hands, there's going to be even more and more of changes. It can't go on the way it is. The system is failing apart. We must make nutrition the primary prevention strategy for the population. You are what you eat. You are everything that you have ever done to yourself. The choices you make directly affect the outcome of your life. - (Food Matters Documentary in Netflix) 😊 Well, I truly love God. I am not religious but very spiritual person. So, I believe 1) Religion is the beliefs in someone experiences But spirituality is having my own experiences. The mainstream religions people promote religious ideology by giving guidelines and guide but In my spiritual life; I do not want anyone or anything between God and me to restrict my freedom to worship God. 2) We do not need any authorities to do good work. The god work is the good work always. In contrast; organised mainstream religions are claiming that they have the authorities to do God works as leaders so on. 3) God is not capable of doing wrong thing, change the past for us and create anything out of nothing for us. Nothing means not anything. So, even God is limited. The mainstream religious people believe that God is unlimited. 4) God wants us to take responsibilities for our righteousness life but not for all the consequences of our actions because they are continued to exist among us. So, How can god punish us for all our consequences? The mainstream religious people believe we are full of sins because of all our actions. 5) Freewill is an illusion. People always choose the perceived path of greatest pleasure. So, we do not have choices all the time. In contrast teachings of the mainstream religions are promoting people to do god's will always because we all have choices of freewill always. 6) We can not separate everything into groups. So, everything for good and evil and there's no success and failure for everything. If everything is real then real things can not be threatened. Once you come to understand that God/The Holy Spirit is in each of us, You will no longer need a Book to tell you how to live. Then why we need religious scriptures? The Virtue is the expression of the basic goodness in our actions. The Basic goodness is the fundamental worthiness of every individuals. We are worthy to God always in everything. 7) Beliefs in a cruel God makes a cruel man. No matter what; every living creatures has the right to live and What makes their life cheap? Everything depends on everything. Nothing too big or too small in value. We can not love and hate at the same time; Being a vegetarian means love without cruelty happily. The mainstream religious people are killing people and sacrificing animals in the name of God. They promote God's cruel punishments. The Punishment is endless for Sinners/Devil according to religious scriptures. But God is love always. Overcome hate with love. If all religions for peace, unity? No way. Because they are not for peace. 8) Well, The God gave us everything to go from moment to moment in our lives as we do our part and pray only to thank god then the Love is in progress. The Love is always for everyone. We are always worthy of the God's love. Our greatest fear is; not to be loved by anyone but we are all loved by someone. When we eliminate all our unnecessary differences among us then true peaceful life is possible with the true love. If we can't find the peace within ourselves then we will never find it anywhere else. 9) This is the Fight for independence and freedom of humanity to worship God freely without religious guide and guidelines to restrict us. Unnecessarily, We do not want third party controls over us in anything ; especially in spirituality. 10) Revive Survive Thrive. Sincerely, The Real Peacemaker against religious oppression. kzbin.info/www/bejne/fpPZdKuDm8h-rJY kzbin.info/www/bejne/kJCwqZ2ap8lqidk kzbin.info/www/bejne/rX3dlpShgKhpnKc kzbin.info/www/bejne/hmnZeZRur6lqoLs kzbin.info/www/bejne/pnqteX2webaWiK8

[@aristojuan7926]

one of my classmates ask this exact question and the professor keep saying is money created comes out of nowhere without a real explanation, this is the explanation that I was looking for, now I get it, its not magically lol

[@justinejolliffe1666]

I was driving myself nuts trying to understand this concept and now I'm 99% closer to getting it!

[@speacialsedition]

graduated from high school 3 weeks ago, but im still watching this video, not because i didnt understand this but rather because its a very cool concept, and have to thank mr cliford for making this concept easy to understand

[@a_green_cat]

thank you so much, I was having such a hard time understanding what actually happens and why money is created in the first place. 4 days of question marks only for you to clarify my confusion in 4 minutes haha

[@olitemps2131]

can we all take a second to say how awesome this guy is. Saved me.

[@cdelcarmen90]

wow, short, clear, and to the point. thank you!

[@hnt7961]

I like how you highlighted the part “new money” which was left out by my lecturer. Thumbs up!!!

[@Yingyingzhang062]

Thank you, Mr. Clifford!! You make the content so easy to understand!! I will definitely recommend your channel to my friends!!

[@Countstep0099]

I find myself at a crossroads, uncertain whether to liquidate my $250,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current bear market.

[@devereauxjnr]

Investing in stocks can be a wise decision, especially if you have a reliable trading system that can lead you to fruitful days of success.

[@2024Red-j5t]

@@devereauxjnr Factos!! Since the market became extremely volatile and pressure increased (I should be retiring in 17 months), I took the decision to work closely with a financial advisor. It has already been 9 months and counting, and I have made approximately 600K net from all of my holdings.

[@Petroguest-i4g]

@@2024Red-j5t That's impressive! I could really use the expertise of this advisor.

[@2024Red-j5t]

@@Petroguest-i4g credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up

[@Petroguest-i4g]

@@2024Red-j5t Thanks for the info, i found her website and sent a message hopefully she replies soon.

[@waleedharbi1149]

Very nice and easy to understand, because you guys keep it simple. I didn't under stand the money multiplier well, but the video still perfect. Keep Goin Buddy !

[@JacobAClifford]

+waleed harbi Thanks. Here is a video to help you with the multiplier. Also you can check out the Macro Unit 4 playlist on my channel. kzbin.info/www/bejne/iKK6iqCHht-LrtU

[@waleedharbi1149]

Thank you so much Jacob for this quick respond. I'll check out these videos. You are amazing, just keep going. Thank you :)

[@abdullahhilkafi1370]

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[@arjun01235]

you can gain lots of information or process of money multiplier on following link arjnpanthi.blogspot.com/search/label/Monetary%20based%20model%20of%20money%20supply%20through%20Money%20multiplier

[@ivanbosnjak9240]

ACDCLeadership great video, can you answer sjete diesel money to pay interest come from?

[@potatoes4lifersxd813]

thank you, thank you, THANK YOU! I was literally so confused about this concept and I'm working on my final now so I have to describe how banks create money. It literally made no sense to me, but you made it finally click. Again, thank you so much!!

[@duduzerapw5612]

This video is wrong

[@fatsounderscorem]

Dude I watched you last semester for EKN113, now we have a new lecturer and he suggested this video in his notes... I now know why I did well in the first semester. YOU THE PLUG FAM!!!

[@FantasiaBouchez]

Thank you fro the way you take the time to discuss with us a better way of learning Economics. It seems so much easier to learn from.

[@sachinchhetri4834]

No words to say.. Yours videos are simply amazing... Thanks

[@MissChonny]

You are absolutely incredible. Your videos are fantastic and you explain everything nice and short but completely delved. Excellent!!!!!

[@sailesh0092]

Thank you for the knowledgable and easy lecture. I wish my Econ professor would explain it as you did.

[@MrHarveyrex23]

Then your econ teacher would be unemployed and looking for a new job if he/ she did that.

[@Infinitexz]

I was having trouble understanding this from my MacroEcon college class. It makes sense now! Thanks

[@MissChonny]

+Infinite As was I!! I re-watched my lecture online for my uni exam tomorrow morning and this makes perfect sense!

[@abdullahal-muhaya2210]

Man this is very clear! Love this! For those who are complaining, if you don't understand basic math, don't blame him please 😂

[@rockstar2934]

You have no idear how long it took me to find a video like this thanks heeps

[@sinagheb8212]

You've helped me soooooo much !!! thank you! I would recommend any economics student , like me, to watch your video! thank you!

[@JacobAClifford]

+Sina Gheb Thank you Sina. Please make sure to subscribeand let me know if you need me to cover anything specific

[@sinagheb8212]

+ACDCLeadership I already did! for sure I will let you know!!

[@nathanlee4560]

came for my test tomorrow subbed for the acdc belt

[@harh3101]

Thank you, we need more people to see these kind of information to educate oneself.

[@DumbledoreMcCracken]

He got just about everything wrong.

[@ДиасБахтиаров-ю5д]

thank you, now I won't fail my macro course :)

[@isabelmontoya3692]

I feel like I love him now

[@opsihota2118]

best explanation I've seen so far

[@eugenethekorean]

ACDC I'm insanely in love with your motivation and initiative to not only make these effective videos, but also make it interesting and unique! Please keep up the good work and thanks for helping me :) Btw, Is Clifford your real name? haha

[@khomotsobashele6501]

God Bless you man! Saving our grades one video at a time :)

[@lc_plays9535]

Quick tip for you guys: If you are having trouble doing the money multiplier, try doing this instead. Use the same formula (1/reserve ratio) and with the number you get multiply it with the amount of money deposited. And for the last part subtract the initial money that was deposited from the new amount of money you found: For example $200 was deposited and the reserve ratio is %20 percent. The money multiplier is 1/.2 which is 5. Now multiply 5 by 200 you get $1000. Subtract the initial 200 from the new 1000 you found which is 800 and that would be the increase in the money supply. Hope this helps.

[@thanakritthanaathiporn5153]

Clearer than MRU explanation, Thanks

[@IkieC]

Really helpful! Think you helped a lot of people understanding this subject as well as all the other subjects you post videos about. At least you helped me;) Keep up the good work!

[@DumbledoreMcCracken]

His explanation is full of mistakes because he doesn't understand the math.

[@Moetallica]

I read somewhere that Angus Young passed his econ exams because of this channel.

[@nexiarobert3200]

very useful, thank you very very much. i did banking and finance back in college, but this short video help me understand it to the simplest, but not simpler. thank you =)

[@OnePhoenix77]

Like I said in my ''Macro Economics'' class when the professor explained this to a baffled college crowd : MAGIK !

[@jusaksiahaan9308]

I am new in economics, but easily catch up your explanation..thankyou

[@KK-bq5ee]

I watched the video and clicked subscribe! It’s a fantastic video

[@joelsundresan727]

Been watching and learning from ur videos since last year thanks u r the best teacher 👍👍

[@KingScorpio84]

in other words this world consists of 2 people those who work for money and those who print and spend it or let others work for it, so that has replaced the religious nobility

[@ritira20mila]

Not necessarily. The financial system, of which banks are the main component, has a "nobility" - when it is properly, wisely, and not short-termly managed - because it serves to move capital from those who have it and don't need it for production to those who don't have it and need it for production. The financial system is work done, work that keeps the economy going (that's why financial crisis are so damaging to the economy).

[@mcconnellz14]

Shout out to all PEARS!!! This video saved me a lot of time and stress thank you

[@hannahma1276]

it helps a lot!!! I have struggled for these concepts for a really long time and this video just clearly explained everything!!!

[@isaacpedavada5132]

You are the Adam Norris of Econ!!! (Adam Norris was for AP US History) Either way that was a lot of help thanks!

[@90sbaby4eva]

Such a gifted teacher you are! Wow!

[@danishhassan6534]

god bless you Mr Clifford. its remarkable; amount of effort you put in. great

[@camillealey3389]

I loved the video! You have a way of explaining complicated things in a simply and easy to understand way!

[@Akafun666]

Sir you are a GOD, thank you for the help!

[@hildabilak1126]

Nice as im a grade 12 student I learned so much appreciation

[@julianloke633]

best vid i edged to this

[@laitsman8662]

@Jacob Cliffford Thank you so much for your videos! They have been a lifesaver for my college ECO201 course during the COVD-19 pandemic. Especially since my classmates and I haven't been receiving any online lectures from our prof. due to the shutdown. Thank you!

[@AliKhan-cj3ee]

You sir are an absolute godsend.

[@v1ck0n]

Thank you for your clear & simple explanation:)

[@sumsumiho]

omg thank you, it was so confusing until i came across your video

[@ayandantuli3982]

I am a South African ecos student, and I would like to make sure if the feds are the equivalent of the reserve bank or not?

[@danielpessegueiro6343]

yes

[@zilzzz7661]

Thank you for making it so clear. I finally understand the whole concept

[@BigDaddy9754]

Very simple to understand, thank you for keeping this simple.

[@739jep]

The money multiplier/fractional reserve banking system is a myth. Bank lending isn’t constrained by reserve requirements. Banks can borrow whatever reserves they need to meet their requirements. They don’t loan out deposits , money creation is a simply an entry on a ledger - it comes from nowhere. It is true that banks create money out of thin air , but it is constrained by demand for loans , capital and liquidity requirements (which differ from Reserve requirements)

[@landcruiserfan4206]

Yes, this is correct. The process that Clifford describes in the video is a myth, and has no place in modern economics. It would've operated the way he describes it prior to 1971 though, when the US was on the gold standard. The modern banking system creates loans out of thin air, i.e., loads create deposits

[@faabihakhan]

this was more helpful than i expected !

[@brycejones6095]

This helped a lot understanding a lot of questions I had about deposits and possibly loans.

[@МюжгянДжафарова]

All the lecture hour in 4minutes, perfect

[@hahajenlee]

i've been commenting on like every other video but thank u so much mr. clifford u are seriously the man

[@OscarVitte-j5g]

really well explained, thank you so much sir !!

[@AndyDrudy]

The thing I cannot understand is - when banks offer interest rates lower than the rate of inflation (the current norm), they are disincentivizing customers depositing money with the banks. If customers fail to deposit money with the banks, then the banks have no money to lend. People then put their money into things like property which pushes up property prices and potentialy creates a bubble. (Pardon my spelling!)

[@generalsalami8875]

Absolutely. Cheap credit does a lot of unexpected things. It misallocates resources to undemanded/lesser demanded ventures, creates a tug-of-war over resources, increases the present consumption & acquisition of goods (which distorts our time preference), creates a dependency on continuous overvaluations, & distorts price signals (because of relative price stickiness, unequal velocity within different sectors, & circular demand within scarce demanded goods [assets]). Speculation increases as lesser educated consumers spend & borrow. They have not went through the thorough process of elimination that normally happens in the free market. When these malinvestments inevitably must end & the spigots of cheap credit are cut, a _'deflationary death spiral'_ must ensue. You *have to* allow resources to be freed up, consumption to be detered, & then properly allocate them to where they're demanded. If not, attempting to correct malinvestments within the system will crash the economy. Market set interest rates & a scarce divisible currency naturally fix this. Banks & borrowers must compete for scarce savings. Through interest rates, these funds are allocated to demanded ventures. In direct proportion to how demanded they are & how much consumption is detered through saving. Since there's no inflationary effects, our time preference of consumption & production is balanced, thereby allowing projects to reach their full potential. Artificially cheap inflationary credit interferes with needed corrections & exacerbates structural issues. We need to raise rates, default, & let the market properly restructure. Building up our productive capacity is the only way to viably get demanded goods & services. There's no shortcut.

[@georgephiri759]

I love how you just make sense... thank you

[@ananyatrivedi8627]

omg!! fantastic explaination ....thank you so much !!!! :))) ---from india!

[@atiasharmin4159]

thanks a lot, all of your videos are so simply explained. Very useful!

[@econ4every1]

+ACDCLeadership First, before I'm critical, I like to say something positive. I think the work you are doing to educate the public is awesome. This stuff, as far as I'm concerned should be taught as a subject right beside English and math. Virtually anything worth doing in society costs money and if you don't understand how the money system works haw can you ever advocate a political or policy decision if you don't know the ultimate ramifications with respect to money? Moving on..... This video has it backwards. The unspoken implication here is that a bank must attract deposits _berfore_ it can make loans or "deposits create loans". But banks don't have to wait for deposits in order to make new loans (this completely invalidating this explanation). A bank can make a loan (which creates a new deposit) and secure the required reserves (if necessary) _after_ the loan is made. If the borrower banks at the same bank s/he borrows from (say a loan of $100), nothing changes except that the bank adds $100 on the asset side, the new loan, and $100 on the liability side, the deposit. Reserves stay exactly the same. Of the borrower moves the $100 to another bank, then the original bank must now acquire the reserves, but since the borrower borrowed first, the reserves now exist somewhere int he banking system. The loan _creates_ a deposit and therefore it's true to say that "loans create deposits", 180 degrees the opposite of what's explained in this video. If you, the reader, really understand the implication here, under the "deposits create loans" explanation given here, the total amount that can be lent in the banking system is some multiple of money that exists in the economy. The other implication is that as the number of loans increases, the supply of loanable funds decreases, that is, the supply of loanable money declines as the demand for loans increases, thus interest rates should increase as the supply of loanable funds decrease. This is not what we see in banking. Banks can make loans and secure the required reserves after the fact. Now the Fed can manipulate reserves as a way to control interest rates, but the Fed has pledged to _always_ be the lender of last resort. The availability of reserves and the demand (or lack of) for loans is not directly connected. By way of analogy, if you go on a trip in a car, the number of lights between you and where you are going doesn't determine the length of your trip, but, they will affect it. The Fed sets the price of money based on prevailing economic conditions, not on the availability of reserves. That is, the Fed has a mandate to keep inflation within a certain range and promote stability. If the demand for loans increases, but the Fed feels that the current rate (whatever it is) must be maintained to meet its policy objectives, then rates will stay the same. If necessary, the Fed, in order to offset higher demand for loans will add reserves through open market operations. Conversely, the demand for loans can stay the same and the Fed can decide that rates should be higher. The Fed manipulates the reserve availability via the buying and selling of assets between itself and the private sector, but since the Fed will always make reserves available to banks that request them, the real change is the cost of reserves, or it would be true to say the availability of reserves at a particular rate. That is, if the Fed raises rates from 2% to 3% it is true to say that there are no longer any reserves to be had from the Fed at 2%, but obviously, that's not the same as saying there are _no_reserves.

[@DumbledoreMcCracken]

Nope

[@onee]

Something important however is that when you stop time, and add the required reserves with the actual money owned by someone. You still have $100. Since the first depositer (and every other depositer) has $0 in his wallet if he puts $100 in the bank, and once the loaner (and every other loaner) used his money he will also have just $0 in his wallet. The money supply only increases on the balance sheet, and increases in reality if the banks gets their loans back, and people start to empty their savings accounts. That's why I don't see it as money created out of thin air. Because if the bank actually did create money out of thin air, they wouldn't have a problem paying off people during a bankrun. This is my point of view. Feel free to correct me if you think I'm wrong.

[@isabelmontoya3692]

+onee Yes, this is why I always got so confused when they said "out of thin air"

[@kramericaindustries65]

onee after the first step, the person assumes that their $100 is still in the bank when in reality $90 is loaned out. Therefore the bank has "$100" and the borrower has $90. Therefore there is an extra $90 and hence 'money out of thin air'

[@zerohero109]

Thank you very much! Help me alot

[@CJusticeHappen21]

This actually helped me out a lot, thanks man.

[@MD-nb1te]

You're an absolute Legend

[@raisulislamrakib1023]

I am going to give your references in my assignment, because you help me a lot. thanks

[@duduzerapw5612]

This video is wrong buddy

[@urbanachiever54]

This was actually quite well-explained, thank you.

[@martinverbeek8862]

the loans have to be paid of one day, but the interest charged on those loans was never created so you get inflation in the short term but very rapid deflation in the long term. That why QE doesnt cause that much inflation on the ground. Its offsetting deflationary forces caused by the second component of FRB.

[@NoodlzB]

Amazing 👏 you made this so easy to understand! Thank you🙂

[@YYYValentine]

Very great video. Explained very clearly.

[@2random628]

this is a great video. you look like 49ers great Steve Young

[@khadijahamid6905]

3:22 why we said it will hold 100 $ and how did we get the 4 ?

[@zai8822]

you and my instructor are the best

[@bokakotorska4416]

And thats how banks create money from nothing. For example, in my country(Serbia), CBS(Central Bank of Serbia) set a required rate of reserves at 5%, but in 2 years, required rate of reserves is 0%. So, in two years, banks can lend all its deposits deposited before 2 yrs.

[@duduzerapw5612]

This is not how banks work

[@bushrashahid7790]

Wonderful as always

[@michellewu9404]

Omg thank u ur a life saver!

[@msslilyofgoldenia]

How is it that no one see the scam in this magic trick ? >.

[@kanaler5924]

It is scary how few people care that their moneys value is being depreciated by banks printing money and diluting the money suply. A dollar isn't what a dollar used to be.

[@samalheid6630]

democracy. most of the people don't know about this, so the few that do can't do anything. The elite also buys politicians with fake money

[@Taurungames]

In my country people have to pay an anual tax on their homes. And if you don't pay you are kicked out of your own house. I ask how can people not riot when they essentialy have to pay rent to live in their homes. Complacency, normalization of the absurd

[@concerned1]

@@Taurungames which country are you?

[@Taurungames]

@@concerned1 Brazil. I searched a bit and discovered most countries have some sort of property tax, though.

[@manikbhola6075]

Very Nice & easy to understand !

[@jmenpk16]

This guy is awesome!

[@JacobAClifford]

+jmenpk16 Thanks. Please tell your friends

[@JAFFER3657]

Nice work dude you are awesome it really helps to understand the concepts

[@BecomeAWebDev]

good explanation ... finally got it!!!!

[@ermoulis]

The reserve requirements must be in cash owned by the bank and stored physically in the bank vault (vault cash), plus the amount of the commercial bank's balance in that bank's account with the central bank (what is called M0 money) . The bank multiplies that money by x10 and creates the M1 money (which he loans). He can't use the M1-M0 money to create more money . The total cash reserve of all banks are fixed, to the amount defined by central bank. Only the central bank creates money from thin air but this is another topic.

[@hatrang5143]

Thank you so much for this explanation

[@DmitriiBragari]

Thank you for this video, it was really helpful!

[@amarmajeed1733]

Thank you for the enlightenment. -Amar A. M. (Indian)