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I've seen videos showing completely different understandings of how banks operate. It's WILD how something so fundamental in society is understood and explained differently by the educated folk.
Nice information
The UK hasnt had reserve requirements since 1981, Capital requirements/Basel determine what reserves UK banks need
Love it thank you 💜💪🏽
THIS IS THE OLD FRAMEWORK. BANKS DO NOT NEED YOUR MONEY TO MAKE LOANS.
Well whose money do they lend out then?
@@grassytramtracks Have you any idea how money is created?
Nope! money is created by the lending banks!
It's all imaginary.
I've seen videos showing completely different understandings of how banks operate. It's WILD how something so fundamental in society is understood and explained differently by the educated folk.
Nice information
The UK hasnt had reserve requirements since 1981, Capital requirements/Basel determine what reserves UK banks need
Love it thank you 💜💪🏽
THIS IS THE OLD FRAMEWORK. BANKS DO NOT NEED YOUR MONEY TO MAKE LOANS.
Well whose money do they lend out then?
@@grassytramtracks Have you any idea how money is created?
Nope! money is created by the lending banks!
It's all imaginary.