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
Live Altcoin Research & Trade Ideas - Forks, Halvings & Drucks
Bitcoin, Ethereum, DeFi & Global Finance News â November 8th 2020
Bitcoin & Ethereum Explode Higher - Live Friday Night Hangout
Messy Markets As Trump Claims Victory. No Abiden To The Polls.
Nugget's Grill - An Honest Conversation With Axie Infinity on Gaming & Virtual Reality
Bitcoin, Ethereum, DeFi & Global Finance News - November 1st 2020
Bitcoin & Cryptocurrency Mining Update (October) â Industry News & Insight
This Month's Top Ethereum News, Innovation & Development - October2020
Money For Nothing - Commodities For Free - October Update
Bitcoin, Ethereum, DeFi & Global Finance News - October 25th 2020
Has Bitcoin Topped In The Short Term?
Non Fungible Tokens: News, Innovation & Development - October 2020 NFT Update
You Won't Believe What Happens Next - The Path To $100k
Is Digital The Answer To Money Printing? - Digital Finance Analytics (DFA)
Bitcoin, Ethereum, DeFi & Global Finance News - October 18th 2020
Correlations Are Changing As The Big Move Approaches
Crypto Demystified - Peak Prosperity
Reinventing The Monetary System with DeFi - Real Vision
How The RBA Chief Became The RBA Whistleblower Part 1 with Jo Walker from Jolly Swagman
Bitcoin, Ethereum, DeFi & Global Finance News - October 11th 2020
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