Banking Explained – Money and Credit

2015-03-12

[public] 7.61M views, 200K likes, 4.49K dislikes audio only

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. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives?

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