Thanks for watching! Sorry for a bit delay 😅 A quick reminder: all my videos have subtitles if you want to read along. If you enjoyed the video, please like, comment, and share with your friends so more people can learn. Don’t forget to subscribe for more content! I’d also love to hear your thoughts, ideas, and suggestions-feel free to share them here! Thanks once more for your support!
I was skeptical when I clicked this video. But, I was pleasantly surprised that it was to the point and factual. Keep up the good work. We really need youtubers with integrity coming forward and spreading the truth about the global monetary system.
@aloksrivastava7938 Thank you for your kind words and support! But, I'm really curious about why you felt skeptical when you clicked my video? If you're okay with sharing, then don't be hesitate to tell me for the better Explains 101 😊
@@Explains101 I was skeptical because many youtubers use serious subject matters like this one as clickbait. But, when you watch the video, they dish out information which is in total opposite direction of the subject matter they were supposed to provide. They make long lengthy videos filled with highly contradictory information while testing viewers patience, and at the end of the video, they give you a conclusion which doesn't make any logical sense at all--Much like a badly written work of fiction. Serious matters should not be treated like a work of fiction.
I'm glad that you understood my video! My channel's goal is to explain economy and finance to everyone, especially for them who don't come from financial related field 😊 Welcome to Explains 101, and stay tuned for more videos 😊
Fiat money is money that isnt backed to any commodity like gold instead its value is based on trust that it's worth something Petro dollar was an agreement by the US and major oil producing countries like Saudi Arabia, UAE e.t.c to sell their oil in USD.This move was to make sure the US dollar was the reserve currency(a currency that is accepted all over the world for trade between countries or general transactions) The thought behind it was that all nations require oil for energy and that would drive the demand for the USD making it stable and reliable as a reserve currency By the USD being the reserve currency the US gets to print money to get imports from any country but must be careful to prevent inflation.No other country has this ability and therefore the US will always and always try to protect the USD status as the reserve currency.
Years of confusion and answered in just 13 minutes while also introducing a whole new set of confusions. At least they are high level confusions though. Thanks.
i watched more then 30 hours of videos to understand the topic but bro said it was a waste of time just watch this one , pls keep the work going .....kudos to u sir
please make more videos , your information is really quick and simple to understand. Im a visual learner so thats why your youtube channel really help ppl a lot. thank you
Honestly your the goat. Found you on Instagram and I am interested in studying economics and finance for my future, so I decided to check out your channel. You the goat, pls keep making high quality videos.
Thank you so much for coming from Instagram to my UA-cam channel! 😊 Really appreciate that, and I'm very glad that you enjoyed my videos! Also, stay tuned for more videos 😊
This channel is actually good at explaining things in a basic and simple way. You have a great gift my friend! Continue doing this your channel will grow in no time. 🎉
I am a science student and I didn’t have any class at all in economics/business subjects or sth like that Recently I started a bank account and I’ve always wondered how a bank works, and the exchange rates of currencies, I’d like to thank you for answering my questions through simple explanations and visualisations Keep up the good work! :)
Guys pay your respect to this man who gave his time to do an animation with good exploitation to this video so we understand it in maximum 20 mins instead of hours or day or weeks or even months. The animation is very good and very good understanding. This dude is so underrated guys literally help this man out like his helping us. Keep up the good work bro❤.
Then, people who already had several money in their bank won't work because their money's value already increased. And if people dont work, the economy will crush.
I can't believe a 13 minute video teaches more than any public school would. If I ever need someone else to understand this stuff, this video will be the first thing I recommend. Thanks man!
I had Economics as an extra subject in my final years of High School, when I first learnt about Fiat money among other things. Back then I always used to wonder why countries had the need to devalue their own currency, but I could never understand it. I hated economics so much since then that I went into tech for my college years. It is only now that I'm finally at peace knowing why they do it and why values aren't as important. Amazing video, including all the hilarious country balls. Great work!
This is SUCH a GOOD video. Im an Econ major myself but studying all this in uni has been so LONG WINDED. Conversely you taught all of these concepts so smoothly, kudos bro. Subscribed and liked!
Thank you for your kind words! You can help me by sharing this video to your friends and family so more people can learn and I can also grow too, thank you :)
Thank you! If you like my video, you can help me by sharing this video to your friends and family, so more people can learn and I can grow too. Thank you :)
Ooh wow!😮 For the first time in a long while somebody like me who doesn't like mathematics is close to understanding how this money stuffs work. Thank you.
I don't know why but the whole images and their conversation are just trolling different countries' economy. Lol, i laughed my ass off by reading those conversations 🤣🤣🤣. Thanks, mate!
This video is really helpful. By the way, I hate the fact that today 1 dollar is 15 Ghanaian cedis and tomorrow it becomes 16 cedis and everything, especially computers is so expensive now.
@user-sam4465 Kind of annoying when our currencies are weaker than U.S.D. that makes all imported products feel expensive... But weaker currency does not always mean bad as developed countries like South Korea and Japan also have weak currency. Btw, thank you for your comment! 😄
Thank you for your idea! I plan to make a new series about the historical economy events. Stay tuned 😊 (lately, there are lots of other video requests. Please be patient 😅)
Thanks for watching! Sorry for a bit delay 😅
A quick reminder: all my videos have subtitles if you want to read along. If you enjoyed the video, please like, comment, and share with your friends so more people can learn. Don’t forget to subscribe for more content!
I’d also love to hear your thoughts, ideas, and suggestions-feel free to share them here!
Thanks once more for your support!
Thatnks to you for this content
@@zenddarksonThank you also for watching my video 😆
I was skeptical when I clicked this video. But, I was pleasantly surprised that it was to the point and factual. Keep up the good work. We really need youtubers with integrity coming forward and spreading the truth about the global monetary system.
@aloksrivastava7938 Thank you for your kind words and support! But, I'm really curious about why you felt skeptical when you clicked my video? If you're okay with sharing, then don't be hesitate to tell me for the better Explains 101 😊
@@Explains101 I was skeptical because many youtubers use serious subject matters like this one as clickbait. But, when you watch the video, they dish out information which is in total opposite direction of the subject matter they were supposed to provide. They make long lengthy videos filled with highly contradictory information while testing viewers patience, and at the end of the video, they give you a conclusion which doesn't make any logical sense at all--Much like a badly written work of fiction. Serious matters should not be treated like a work of fiction.
Years of confusion and answered in just 13 minutes. Thank you.
I'm really glad that you understood my video! Thank you 😊
He only needed the last 2 minutes, but hey, videos under 10 minutes rarely get recommended.
2x speed is real
Bro explained economics to a science student. Goat channel
Btw please explain FIAT MONEY and PETRO DOLLAR too
I'm glad that you understood my video! My channel's goal is to explain economy and finance to everyone, especially for them who don't come from financial related field 😊
Welcome to Explains 101, and stay tuned for more videos 😊
Fiat money is money that isnt backed to any commodity like gold instead its value is based on trust that it's worth something
Petro dollar was an agreement by the US and major oil producing countries like Saudi Arabia, UAE e.t.c to sell their oil in USD.This move was to make sure the US dollar was the reserve currency(a currency that is accepted all over the world for trade between countries or general transactions)
The thought behind it was that all nations require oil for energy and that would drive the demand for the USD making it stable and reliable as a reserve currency
By the USD being the reserve currency the US gets to print money to get imports from any country but must be careful to prevent inflation.No other country has this ability and therefore the US will always and always try to protect the USD status as the reserve currency.
@@wiredWhiz27"... _No other country has this ability_ ..."
We will see about that...
@@EchezonaDibia Nice one 😂
Fr
BEST economics teacher🎉🎉
Thank you 😊 I will explain more in the future, stay tuned
@@Explains101 bro you will have 1 million subs in more time thanks for the video
Thank you UA-cam for recommending me this masterpiece.
Finally UA-cam is on my side 😄
Years of confusion and answered in just 13 minutes while also introducing a whole new set of confusions. At least they are high level confusions though.
Thanks.
😂
I’m just now finding out the origins of the phrase “The gold standard”
This is so cute and sooo informative and funny I absolutely adore it thank you so much. Very beautiful video, pls male more❤
Bro explained perfectly in 13 minutes what took me about 1 year to learn from different sources :D Keep it up
I'm really happy that I can make you understand this topic easily!!! This time, I knew my video style is suitable for most people 😊 Thank you
i watched more then 30 hours of videos to understand the topic but bro said it was a waste of time just watch this one , pls keep the work going .....kudos to u sir
please make more videos , your information is really quick and simple to understand. Im a visual learner so thats why your youtube channel really help ppl a lot. thank you
Sorry to break it to you but visual learners don't exist meaning that there's no specific learning styles you specialise in.
Thank you for your support!!! I'm glad that you enjoyed my videos 😊
Stay tuned because more videos are on their way 😆
6:48 he actually added the meme😂
The most expensive good afternoon😂
Honestly your the goat. Found you on Instagram and I am interested in studying economics and finance for my future, so I decided to check out your channel. You the goat, pls keep making high quality videos.
Thank you so much for coming from Instagram to my UA-cam channel! 😊 Really appreciate that, and I'm very glad that you enjoyed my videos! Also, stay tuned for more videos 😊
When you get famous remember me, I have been there since you were at 330 subscribers
And when your fantasy becomes your legacy
Promise me a place
This channel is actually good at explaining things in a basic and simple way. You have a great gift my friend! Continue doing this your channel will grow in no time. 🎉
Bro you are the best, thanks for the free education i got from u!
No problem! I'm glad that you understood my video 😊 Stay tuned for more videos 😆
This video was enough to get me to subscribe
Thank you very much!!! 😊
Same here. Awesome video.
I am a science student and I didn’t have any class at all in economics/business subjects or sth like that
Recently I started a bank account and I’ve always wondered how a bank works, and the exchange rates of currencies, I’d like to thank you for answering my questions through simple explanations and visualisations
Keep up the good work! :)
@1:58 Yes, please do make a video about it
Noted! I will make it in the future! Stay tuned 😊
Subscribed and notification turned on @@Explains101
No intro no sponsor complete use of time you earned a subscriber
Thanks
Thank you very much for your donation!!! 😆 Stay tuned for more videos 😁
bro your quality content deserves more subscribers
You're a way better economics teacher than my friend economic university, great job!
Thank you for your kind words! Yes, most professors explain things with tonnes of terms and hard-to-understand language that make people confused...
This is surely the best channel on UA-cam. Pls we need more videos 🙏
Guys pay your respect to this man who gave his time to do an animation with good exploitation to this video so we understand it in maximum 20 mins instead of hours or day or weeks or even months. The animation is very good and very good understanding. This dude is so underrated guys literally help this man out like his helping us. Keep up the good work bro❤.
This man? It’s a bot
Thanks dude. Please make as many videos as possible.
This is very simple than whole book of economics
It’s more clearer to me now. Thank you!
why can't we just stop printing money to increase its value?
Then, people who already had several money in their bank won't work because their money's value already increased. And if people dont work, the economy will crush.
Debt and taxes going up
That's how governments finance itself, wars and all the free stuff
Search up "Weimar Republic" and you'll see why
There won't be circulation of currency and eventually your economy comes to a halt
Good explanation and quality, thanks
Thank you for your kind words! I'm glad you liked it! More videos to come 😊
I can't believe a 13 minute video teaches more than any public school would. If I ever need someone else to understand this stuff, this video will be the first thing I recommend. Thanks man!
Elegantly simplified and expressed. 👍🏻
Thank you so much.
Want video about
Fiat money and Petro dollar
Got it! I will make them later, stay tuned 😊
Your ability to make such a complex topic so easy to understand is commendable and your examples are extremely helpful too!!!
It just popped up in my fyp and now I'm hooked!!
I learned better economics here than school
I usually hate Ai generated voice yet the content quality of this channel is top tier,
Dude, this is such an entertaining and educational video.
I had Economics as an extra subject in my final years of High School, when I first learnt about Fiat money among other things. Back then I always used to wonder why countries had the need to devalue their own currency, but I could never understand it. I hated economics so much since then that I went into tech for my college years. It is only now that I'm finally at peace knowing why they do it and why values aren't as important. Amazing video, including all the hilarious country balls. Great work!
These types of videos are what make my internet payment worth it. KUDOS!!
Man i understand evrithing because he explainet as simple as possible excellent Channel i love it
Your the best economics channel on UA-cam. Make videos on all the questions you asked us , we'd love it
damn bro this video deserves a million views thanks mate for the knowledge
This is SUCH a GOOD video. Im an Econ major myself but studying all this in uni has been so LONG WINDED. Conversely you taught all of these concepts so smoothly, kudos bro. Subscribed and liked!
When UA-cam teaches you more than school. Big w for this dude
super easy and understandable video. great work
I'm really glad that you understood my video! Thank you for your support!
I want more know about economic phenomenon, like petrodollar, difference price goods on each country. Its awesome explanation btw 😁👏
You're going to reach 1 million subs!!!!!!!!
You got drowned me into this video with super depth of explanations and animations well.
these are the questions everyone thinks they have the answer to yet they cant answer it
This channel deserve more recognition istg
Thank you for your kind words! You can help me by sharing this video to your friends and family so more people can learn and I can also grow too, thank you :)
Wow well explained, keep up the good work
Great video. It was so insightful and fun.
You're surely the best economic channel on UA-cam. We wants more videos 🙏
Amazing 🔥💪🏻
I'm glad to be one of the first 5K subs ..
You're a legend in the making
Thank you for being my early subscribers! We will reach more than this!!! 😊
Thanks for this! Subbed!
wonderful work! please explain Fiat Money, Petrodollar and purposeful currency devaluation as well.
I would have never guessed you have 4k subs. The video quality is really good. Well explained
Thank you! If you like my video, you can help me by sharing this video to your friends and family, so more people can learn and I can grow too. Thank you :)
Ooh wow!😮 For the first time in a long while somebody like me who doesn't like mathematics is close to understanding how this money stuffs work. Thank you.
9:35 yes please
Noted! I will make video about Petrodollar in the future! Stay tuned 😊
thank you so much actually this was explained so well and it answered my questions about this topic. much love ❤️
great video 🤑
Thank you so much for your support! 😆
You are a seriously genius in explaining things simple.
Great vid mate
Highly educative
Keep it up❤🎉
this channel is so good
I don't know why but the whole images and their conversation are just trolling different countries' economy. Lol, i laughed my ass off by reading those conversations 🤣🤣🤣. Thanks, mate!
This channel need more views and subs ❤
thank you so much!! you just explained all ive been learning in scl in so less time!!!
Your videos are very informative they should go viral please remember me when you reach 1 million subscribers
@MdRanim-u8t Thank you so much! 😊 I will remember my subscribers, especially who supported me during my early journey 😄
Very insightful
Thank you for making such an informative video.
This video is really helpful. By the way, I hate the fact that today 1 dollar is 15 Ghanaian cedis and tomorrow it becomes 16 cedis and everything, especially computers is so expensive now.
@user-sam4465 Kind of annoying when our currencies are weaker than U.S.D. that makes all imported products feel expensive... But weaker currency does not always mean bad as developed countries like South Korea and Japan also have weak currency. Btw, thank you for your comment! 😄
your videos are hella informative , keep em coming
Absolute hidden and undiscovered gem, wish the most success to you and thank you!
Thanks, bro. You're the best. 💯
For a new channel, this is high quality information - from someone that understands this. Great job.
If I were a teacher, I will just play this video to my students. But I am not a teacher. Nice explanation, you got a new subscriber here!
Just discovered your channel. Subscribed!
Literally the best explanation
Kudos to the channel 🎉🎉
*Im subscribing to this guy!* It's literally straightforward explanation with a humour touch!!*
so great video, makes it very easy to understand
Better than my economic teacher 🗣️🔥
Wow! That was a brilliant explanation. Loved it. Instant sub and like.
really enjoy your video
Thank you so much! I'm glad that you enjoyed it 😆
Please make more videos please 🙌🏻 They give me insight of finances that are helpful for my college
I'm happy that my videos can help many people! Of course, I'll keep making new videos! So, thanks for watching, and stay tuned 😉
Very basic and nice I shared this with my cousin
It was enjoyable and educational at the same time. Love your video!
Please keep doing what you are doing
Im learning so much about money through your chann
Best subscription i have ever done! Very nice video. Easy to understand
great vid subbed
I‘m glad to be one of the first 10k Subscribers! Please make more like this! I would love to see how currency devaluation really works!
You make Economics fun🎉 I think i will like it now
Economy and money should be fun!!! And I'm glad to make you think that way 😊 More videos to come!!!
Alternate History Hub's new channel looking hella clean
The best video ive seen this year very easy explanation. I just want a video explaining why do ppl say bitcoin should be global currency
This is an amazing educational channel!
I will never forgive UA-cam for keeping this channel away from me!!!!!!!!!!!!!
Edit:
Instantly subscribed with all notifications 🥹
This was fantastic, thank you. I’m going to share this video because it was so helpful. Thumbs up!
Nicely explained all.
Bro explain 2008 financial crisis in your way..
Smash itttt
Thank you for your idea! I plan to make a new series about the historical economy events. Stay tuned 😊 (lately, there are lots of other video requests. Please be patient 😅)
Thanks for this informativ videos