In this whiteboard video I clearly explain how money is created by different parts of the global financial system. How central banks, governments & retail banks are now engaged in currency wars themselves, as well as the more broadly discussed global currency war. With so much money being created in recent years, how can so much of that be debt? And now we are in the midst of a global financial crisis, the only option for our debt based financial system is negative interest rates. But negative interest rates risk weakening the banks. So far the federal reserve has prevented a banking collapse by printing money & pumping it into the system. Recently they also began intervening in the corporate bond market. The bond bubble in corporate debt is another house of cards that could trigger a global financial crisis. The stock market is overvalued. Property is overvalued. Growth is slowing & it looks like we are heading for a global recession or depression. But central banks just keep printing money & encouraging governments to join the spending party & run massive fiscal deficits when they already have record government debt. It will take extraordinary measures to prevent the financial system from collapsing, pay all the unfunded liabilities & keep derivatives from collapsing the financial system. Why does all this money end up in the hands of the wealthy, making the rich richer? Why does all this money printing not lead to inflation? Why are economists worried about deflation? This video will clearly explain how central banks create money, how governments create money, how banks create money though loans via fractional reserve lending, how new digital currencies work, how they differ from cryptocurrencies & why banks, central banks & governments are all competing for control of the digital currencies they wish to launch. Finally, I'll explain how Bitcoin, cryptocurrencies & stablecoins offer a digital alternative to the current system for the first time in history.
Date of Recording: 3rd July 2020
---
đ Did you enjoy this episode? SUBSCRIBE for more!
đš For more Resources & Content:http://nuggetsnews.com.au/
đ Rather video? Tune in to our YouTube channel: https://www.youtube.com/c/nuggetsnews
#ď¸âŁ Connect with us:
Twitter:Â https://twitter.com/NuggetsNewsAU
Facebook:https://www.facebook.com/nuggetsnews
LinkedIn:https://www.linkedin.com/company/nuggetsnews
Instagram:https://www.instagram.com/nuggetsnewsaus/
Reddit:https://www.reddit.com/user/nugget_alex/
_________
â DISCLAIMER â Alex Saunders is not a Financial Adviser. All opinions expressed by Alex Saunders or his guests in this video are for informational purposes only and should not be treated as investment or financial advice of any kind. Any information provided during the video is general in nature and does not take into account the viewers specific circumstances. Nuggetâs News and its individual team members are not liable to the viewer or any other party, for the viewerâs use of, or reliance on, any information received, directly or indirectly, from the video in any circumstances.
The viewer should always:
1. Conduct their own research,
2. Never invest more than they are willing to lose,
3. Obtain independent legal, financial, taxation and/or other professional advice in respect of any decision made in connection with this video.
Â
Bitcoin, Cryptocurrency, Finance & Global News - March 22nd 2020
The FED To Print $1 Trillion A Day To Save Economy From Financial Collapse
The Financial System Is Collapsing - How To Become Your Own Bank
Repo market, Australian housing & of course Bitcoin: Rebel Capitalist Show!
Emergency Policy Implemented Worldwide To Save Global Economy From Financial Collapse
Financial Markets Price Meltdown [2020] - Bitcoin Was Made For This
Bitcoin, Cryptocurrency, Finance & Global News - March 15th 2020
Markets Are Crashing with Crypt0
Why Did Bitcoin's Price Crash So Hard Today & What Comes Next?
The Largest Financial Event Of Our Lifetime Is Upon Us - Raoul Pal of Real Vision
Trader Talk - Oil, Stocks, Bonds, Gold, Bitcoin & How To Prepare
Bitcoin, Cryptocurrency, Finance & Global News - March 8th 2020
Australian Housing Market & Economy - March Update
An Honest Conversation About Bitcoin, Ethereum & XRP Development with Sam I Am
How To Trade Bitcoin Options & Prediction Markets - FTX Tutorial
Bitcoin's Most Exciting Updates Are Coming In 2020 - Developer Jimmy Song
Bitcoin, Cryptocurrency, Finance & Global News - March 1st 2020
Largest Stock Market Fall In History - What You Need To Know
The Truth About Tron - An Honest Conversation With Justin Sun
Will Coronavirus Push The Australian Economy Into Recession?
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABORÂŽ TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money