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Banking 1 | Money, banking and central banks | Finance u0026 Capital Markets | Khan Academy

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Golds main reason it even has value is because its finite But your right, if the price goes high enough, people set up more mines and find more gold Its inflation rate is about 2 a year The problem is, like any asset, as the price goes up, people create or find more This is exactly why Bitcoin is more valuable than any asset in my opinion and the opinion of mathamatics Bitcoin price goes up and theres only so much that can be created Using that simple logic, it makes Bitcoin the most valuable asset of all time In the long run i think I will be right on this Thats why even some of the biggest banks are starting to diversify into it Thats why everyone should put some money into it because in the long run, it's only going in one direction and its not down
Comment from : @mattverville9227

You are absolutely wrong about gold, it's insanely useful in the electronics industry
Comment from : @rationalthinker9612

Gold though is a counter to inflation You can’t print more gold but the government can and does print more cash Gold represents wealth better Cash losses value People aren’t richer than what they were a decade ago, the value of a dollar is just worth less
Comment from : @tucker3284

This video is not correct Banks are not allowed to lend out money from depositors
Comment from : @annabelle_xoxx

MBA professor will explain this so hard in one month Here in just 11min I just understand how banks work
Comment from : @yassirabou

" Welcome to the world bank how can I be of service? "
Comment from : @WordUp2That

So all i need is 1M dollars in saving, got it
Comment from : @suddenxdeath

The only way this system can exist is by debasing the currency It's a hidden tax that seals from the value of your earnings via artificial currency inflation in the form of bank loans Banks buy debt securities with "money" created out of thin air It's the largest racket that should never have been allowed to happen
Comment from : @THEKITPLUG

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Comment from : @uzawtun9933

I’m not a smartass, but people store gold for reasons, so don’t say gold is useless Edit: I would say gold is technologically useless rather than say a single word useless
Comment from : @vanvihung8982

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Comment from : @uzawtun9933

So hard to pay attention at the gym LMAO
Comment from : @APerez89

RAS HOUSE MUSIC 🎶 Laborie beach 🏖️ St Lucia
Comment from : @gibbonholder3274

Good to know Khan had $1 million 13 years ago
Comment from : @lyhjiba

Gold is not useful other the fact that is pretty? What about being perfectly recycleable money? What about having chemical-physical properties that gives it a VARIETY of uses in electronics, chemistry, medicine? Your mobile phone/PC/tablet works thanks to gold that is also in it, with gold having certain properties, whether you believe in it or not
Comment from : @the_real_economics

Capitalism brilliantly explained
Comment from : @Utkarshkharb

Why cant i loan out money i don't have?
Comment from : @RHINOAPBT

The financial intermediary theory of banking, like the fractional reserve theory of banking is complete bunk Banks don't lend deposits The credit creation theory of banking is accurate Banks create money from nothing when they issue loans 97 of the money supply is actually bank credit denominated in dollars The quantity theory of money as an explanation for inflation is childish and completely wrong Inflation is either caused by demand pull or supply push forces
Comment from : @karfar8029

No
Comment from : @cyberprisoner6585

its 2021 and i still watch these videos
Comment from : @danielramnathsingh1076

Please give me reaction about this video
Comment from : @jennyroseesguerra4761

A clever way of illustrating the role of banking i By-gone days brToday banks do not lend deposit money but create their own bfake/b money called "credit" when they make a loan
Comment from : @jabel6434

Gold is better than paper money Fact
Comment from : @RamzLightz86

Amazing bro and to the point thanks alot for this easy explanation
Comment from : @Ewhayeb14

Lol when he says gold has no use, He has no idea
Comment from : @poppyflorist

Thank you🙏
Comment from : @Pokerface585

Great tutorial, thank you for this video
Comment from : @dlessandllow8545

Am still trying to understand private banking vs Ratail Banking
Comment from : @071144477

Taking toooo long to get to point skip the crap 3 min I’m outa here
Comment from : @joedoe-sedoe7977

Am I the only one who sees the irony in that this video was made in the middle of the financial crash?
Comment from : @deidara_8598

Too close to the mic, dude back off, or put a wind cover on it
Comment from : @JoseMcKinley

Completely wrong The money lent out is usually never less than or equal to the deposits
Comment from : @loveanimals-0197

Gold is also used in computer hardware and electronics Just so you know
Comment from : @Maniacal_Myc

dont do checking, only ever do [savings]ask around, youll know why
Comment from : @u-tubeeditor6696

ya
Comment from : @luissantiago2183

They don't teach you this stuff in school
Comment from : @grigoriyefimovichrasputin7897

What an explanation Thanks
Comment from : @ravitheja012345

Sal khan is the most extraordinary teacher that I've ever seen
Comment from : @lol-rw7yd

Many critical ill reviews on a 'decade' old tutorial on Banking ;)
Comment from : @ka9415

Bank 🏦br0:20 Savingsbr1:04 Entrepreneurs (projects/investments)br2:18 Gold “it’s pretty”br3:18 Goods and services and payment for thosebrbr5:30 Balance Sheetbr1 million to build a bank (solid safe Greek Temple looking building)brbr10 million investedbr9 million in loans (charge interest to bring in more money as interest income)br1 million left on hand in case people want their money back
Comment from : @michaelpisciarino5348

When government spends more than it collects in taxes,brit borrows money from a central bank, and must pay it back with interestbrGovernment never has the money when the loan is due,brso the burden of this debt falls on the taxpayer, me and youbrWhen local banks need money, they also borrow from a central bankbrA $10000 bond gets loaned out to its clients at 10 times the amountbrThe central bank and local banks create money out of thin airbrThere is nothing backing it, nothing substantial is there,brbut when incompetent government defaults and local banks fail,brwe the taxpayers must bail them all out, or face some time in jailbrThe federal withholding from every blue collar worker's paycheck,bris not taxes, it is our weekly loan payment for this perpetual debt,bra debt we did not create nor do we deserve,bryet we keep feeding those parasites at The Federal Reserve, bra privately owned bank, governed by a handful of businessmen,brwho have a stronghold on not just my country, but many worldwide nationsbrThese men hire untold lobbyists to put pressure on Washington,brto establish laws to protect their corrupt monetary systembrThere are more laws on the books protecting their banks and corporations,brthan there are laws protecting the human rights of our citizensbrBanking is in the business of manufacturing riskbrI say the risk is too great to allow banks and banking to continue to existbrIt is time for a new global emergent society,brgoverned by a Resource Based Economy
Comment from : @BILLYtheKidster

Its too slow and the presentation is jarring The 25 or so videos exhaustively covers the topic thats good but the presentation is frustratingly unattractive unappealing
Comment from : @zorro20010

Nice lecture
Comment from : @BDBankingSchool

This example is all over the place Khan redo the video with a better example
Comment from : @michaelhines9822

Thank you
Comment from : @dranfal1

ThanksbrbrTaking this class now and want to just get a B at this point and move on Like that you keep it basic, I don't necessarily want to be an economist, but the entrepreneur example did peak my interest
Comment from : @Angelofrock09

I thought you were going over fraction reserve banking in a different video? I wouldn't have watched the whole thing if I'd known you were discussing it now
Comment from : @thepiperreport8198

Everything can be considered as currency as long as people trust it
Comment from : @banglethanh8864

Long winded
Comment from : @koggism

thats not how you spell projects
Comment from : @cesarvelazquez3882

Do you guys think the author of this video doesn't know what gold does, in this video he's talk about what financially gold does
Comment from : @princejuba

I want to set up a web site that provides all the banking topics in order, Is there a shortcut to do that?
Comment from : @kcowan2000

ppl are complaining about the errors while i just want to say thank you!
Comment from : @jacobblack4732

blown away
Comment from : @poeticramblings3642

There is an error in this video The bank is not lending its customer's deposit its creating new money as loans and adding it to its deposits
Comment from : @americanscholarsoftruthand5940

OMG listen carefully at 3:58 They would dick no no dig hahahahaha
Comment from : @BoxNbox

Oh my gosh Don't get me wrong, it's so great to have someone explain all this stuff, but this video is so so slow paced I mean who cares if it's a million dollars or a million gold coins All this hesitating and very slow style ruin the whole video :/
Comment from : @anitatasko663

its nice to have someone who knows how to explain all this confusion, i mean the fractional banking system and how it really works in lay mans terms
Comment from : @bobsieshow

hahaha if you could go back in time you would see why gold is real money, and dollars are not Nice try sal
Comment from : @TuningFreak23

How about fiat currencies always crash and you use gold to hedge against inflation since your paper dollars return to their intrinsic value to 0
Comment from : @kingsolomon3332

Idk if it has already been mentioned but there's definitely a difference between gold and dollars Gold is far more stable as a substance than paper meaning it will last much longer before deteriorating into nothing, also gold is one of the best conductors so it actually has practicality
Comment from : @yiggytiblnibskin6151

They will DICK
Comment from : @AmineChM21

Hi I have question for u if you can help me pls I can't understand the different between the drawing bank and drawee if I want to pay a chq to my friend I'm the drawer and my friend payee my bank is X and my friend bank in Y which bank is drawing bank & drawee???
Comment from : @arak964

Gold is actually used in many computers, and is very good as transporting electric currents!
Comment from : @johncharles3907

He's Completely wrong about Gold Gold has intrinsic value, will outlast ANY Government and it's paper Currency, it doesn't rust or disintegrates, and it has industrial use As well as being pleasing to the eyes It's a tangible Globally Standardized assetunlike paper fiat which is backed byNothing(credit)
Comment from : @KingIzKash

before, we detested the moneylender now, we love the banker
Comment from : @yermomrhot

What He says is true and very true about gold Gold have value because made it to be beside that it's nothing, nothing at all
Comment from : @MoinSiddiqui

Um, dude, gold has intrinsic value other than being pretty and hard to counterfeit Wow You didn't think to research that? Besides, being hard to counterfeit is not some mild property of money - it is of paramount importance to an economy
Comment from : @CrannBethadh

What is the program he;s using? I can't figure it out
Comment from : @simonethistle9069

Another problem is that banks don't only lend money to entrepreneurs, but also people who don't really need it to let's say who just want a fancier car or something That's ok as long as they are able to pay it back, but the banks lend a lot of money to a lot of people of which they know they won't be able to pay it back Again, feedback would be appreciated, I like to keep learning :)
Comment from : @DavidRD

What you said about gold, that it's 'just pretty' is not true at all It has MANY applications in electronics, computers, dentistry, medical purposes, space travel, status symbols (jewelry), glass making and gold gilding (gold has the highest malleability of all metals) I'm watching this to get some more perspective on both the monetary system as well as the banking system (which I still think is a major scam today), but what most people don't seem to get is that a gold standard or any other way of backing a currency is crucial when it comes to currencies Thousands of fiat monetary systems have failed throughout history, they never workout out, they always crashed back to zero Do your own proper research!brbrI would appreciate any feedback on this by the way :)
Comment from : @DavidRD

"too brown for a vault" :P
Comment from : @keshiyarenganathan5372

Good point otherwise but "art" falls into the "Looks pretty" category
Comment from : @Munakoiso

"The money we use now is not so easy to counterfeit" Except by the central bank, that is
Comment from : @Rafael-rn6hn

I think he's showing a simplified structure to give a foundation or edifice to further topics He's mentioned this bank is a theoretical "first bank" for a "primitive culture" Therefore, no electronics, dental, space, medical or other industries use it for this demonstration
Comment from : @jayita69

It's always great to watch these videos as they are always an educational experience Many people only have experience with their banks through checking, savings, or some retail investment products This video shows that there is so much more to banking
Comment from : @InstTaxSolutionsLLC

I guess he uses an interactive whiteboard
Comment from : @Wolf480pl

it is probably a touch screen computer with a pen
Comment from : @erict6927

your english is good too bad your voice is god fucking awful
Comment from : @Leonar12345

could be using a stylus ^^
Comment from : @hoppybitter608

it doesn't balance tho you have 10 million in Assets and 11 million in Liabilities and Equity
Comment from : @Leonar12345

Maybe he uses a tablet?
Comment from : @ooltimu

No one in this world can write that nice with a mouse -__-
Comment from : @Zahidah13

Hey There! Thank you for this useful video By the way, I hear a lot of people keep on talking about Monezilax System (search on google), but I'm not sure if it is good Have you thought about Monezilax System? I have heard some great things about it and my cousin earn crazy amounts of money with it, but he refuses to tell me: (
Comment from : @bellatrikaarisnawan1308

Hey! Thank you for this helpful video By the way, I notice lots of people keep on talking about Monezilax System (just google it), but I'm not sure if it's good Have you tried using Monezilax System? I have heard some extraordinary things about it and my cooworker earn a ton of money with it, but he refuses to tell me: (
Comment from : @mohammadfariz5090