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Why Do We Have Central Banks?

Professor Dave Explains 61 views

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its all about control
Comment from : @mwfrazier4623

Its a scam made by 6 families to comtrol money supply
Comment from : @aldenpadilla1773

we have a central bank because of ((them))
Comment from : @pessiandpenaldomoments

Same reason we have tobacco and marijuana companies
Comment from : @rp5339

01:42 Functionsbr01:44 Functions | 1) Control monetary policybr01:55 Functions | 2) Manage currency exchangebr02:14 Functions | 3) Banking industry regulationbr02:18 Functions | 4) Acts as the government's bankerbr02:27 Functions | 4) Lender of last resort
Comment from : @clasesutnfrc8699

6- central banks have never stopped recessions and can not stop depressions The tightening or loosening of available currency by the government drives this Massive government injections of currency prevented a depression during Covid
Comment from : @gordonmichaels600

5- central banks have never stopped recessions and can not stop depressions The tightening or loosening of available currency by the government drives this Massive government injections of currency prevented a depression during Covid
Comment from : @gordonmichaels600

4- although the funds may come through the central bank as “lender of last resort” those obligations fall upon the nation since it is their currency
Comment from : @gordonmichaels600

Point 3- central banks can only set interest rates on debt under 2 years in duration, markets set all other rates
Comment from : @gordonmichaels600

Point 1- The central bank does not decide how much money is created, the government does that
Comment from : @gordonmichaels600

It's about people control
Comment from : @lauriekutcher4825

Regardless of the CB's purpose, they've repeatedly done a HORRIFIC job
Comment from : @elvispresley3234

Why pay taxes if fiat currency is created out of nothing Biggest scam in human history
Comment from : @royann55

Professor Dave is officially a tool of the New World Order
Comment from : @thewingedavenger1007

What are the historical consequences of fiat currency systems that have been overextended or mismanaged, and how might these lessons apply to our current financial system?
Comment from : @Jackson-l3r

You almost had me believing that the Fed was created for the betterment of society… instead of just a bunch of businessman printing debt out of thin air
Comment from : @PassiveCryptoGains

Why? To systematically rob the common people through the sin of usury
Comment from : @jonathankelly2655

All wars have been caused by usury and the evil banking system
Comment from : @shaunstark4263

It's about the bankers controlling the people It was created by bankers under a democrat administration in a panic over bank runs Not only that, but it turned into a way for the manipulation of the money supply I know, as I worked for these leftists for thirty years
Comment from : @thesilentgeneration

Okay, so if Central banks solved the problem why have we had a depression and several other recessions since 1913? Why did you not include the graph after 1913? Why do you not talk about how since the formation of the Federal Reserve the dollar has continuously lost value through inflation? Why did you not talk about why the cotton and land suddenly lost value? Why did you not talk about how the real problem with banks is fractional reserve policies?
Comment from : @Johnny_Utah333

"A bunch of hyper wealthy men got together an island in secret and created one of the most powerful institutes in the country and is seperate from the government But its okay because a lot of (((economists))) say its a good idea" Not that economists attract a certain crowd or anything either
Comment from : @stickydolphin5038

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Comment from : @tamlamoore7962

Central Banks exist so the government doesn't have to get tax payer approval to increase spending for some war or pandemic shutdown Instead they just print the money and cause massive recessions when the boom causes by the Fed finally busts
Comment from : @mikelewis495

Nice touch with the Communist Red Star on your shirtbrbrDid you get that by being considered such a good boy for making Pravda, by your comrades?brbrCome on and tell us Don’t be so modest!
Comment from : @firestick4991

The actual purpose of the Central Bank is to create money for the elites, by crashing economic assets so they can be scooped up by the elites for pennies on the dollar, eventually driving up the costs of said assets to be sold off in the next asset bubble, also of their creation, to crash the market again to rinse and repeat brbrIt’s the main mechanism the Establishment uses to get rich in the first place, and lock out the regular public from being as wealthy as them You’ll get a few successful mom and pop investors occasionally, but even they loose their assets when the CB adjusts rates We’re seeing this happening right now, with the last rate hikes destroying the real estate market What do you think happened after 2008? brbrWhen you see it, you can’t unsee it And it’s worldwide, too
Comment from : @firestick4991

You should watch the ideas of my Argentinian president Javier Milei that wants to close the central bank in my country, the info here is inaccurate, Inflation is exclusively a monetary phenomenon, thus printing money to "aid" only generates inflation within 18-24 months after printing money Many love central banks because John Maynard Keynes said so in his books
Comment from : @08Leanito

We can think of a Central Bank as a replicator source They can replicate any fiat currency around the world and in as many units you need
Comment from : @Jackson-l3r

Oligarchy illuminate satanism the money system for elitist parasites
Comment from : @AnthonyAndersen-f3x

There is no such thing as Capitalism under central bankingbrbrCentral banking is all about Crony Capitalism and promoting the interests of entities with their tentacles in govt and the central bankbrbrThe objective is to private profits and offload the losses / debts onto the backs of the productive working classbrbrbrBasically its a scam
Comment from : @mtrest4

You “forgot” to mention they use money as a tool of stealing from the people who work for the tokens they print brNot sure if fiat slave with Stockholm syndrome or a propagandist
Comment from : @FarfettilLejl

Uh… the banks made this
Comment from : @joeharmon3301

Worst video ever
Comment from : @sanketshinde1142

Because we are stupid
Comment from : @foucaulddubern2662

And when central banks use QE to keep afloat the retail/commercial banks because of the use of fractional reserve bankingbrbrIt hurts the poor and middle class by devaluing there currency brThe rich benefit through asset inflationbrbrThe whole game is total fraud
Comment from : @adiintel1

biggest scam money and banks
Comment from : @matteogottie6772

Central banks are private corporations that puppet governments, exploit citizenry and destroy those who don't comply This video is delusional 😂
Comment from : @taramoon9307

So since it's all about the moneythis makes the banks and bankers economic gospel more power than sovereign nations like Australia
Comment from : @lindsaypeacock5672

Try to shut it down and you'll end up like Abraham Lincoln and JFK
Comment from : @joeyholthusen6495

Why has the dollar lost most of its purchasing power over the last 50 or so years?
Comment from : @martyvee1

I think that the governor of the central bank and the bank’s relationship with the king may be about a class society with the lending of the king's money in exchange eg bank interest and that this should be investigated by a new state
Comment from : @vincentjacobsson3981

I think the king's relationship with Jesus may be about the people just borrowing the king’s money with the misleading parties
Comment from : @vincentjacobsson3981

Central banks should referee the banking system and the money supply They overstep their bounds when they become a player and lend money, charge interest, or buy securities This prevents them from being immune from politics and enables them to enrich themselves We need central banks, but not in their current corrupted form
Comment from : @paragonbook

To steal the wealth of the peasants by directing capital to the upper class through money printing and the issuance of debt
Comment from : @Bayliss21

The Fed is not federal and there are no reserves
Comment from : @Nateasnay

Cause the feds got jfk killed
Comment from : @Ebkdre007

Love the way you portray conspiracy theorists like if they dont have reasons to suspect people with this magnitude of power Kinda stupid of you dave not to takevthatvinto account
Comment from : @truehalofan117

we dont need central banks we need decentralisation
Comment from : @user-qr6iy7ck2z

Hmm so what do they do when both unemployment and inflation are high?? You cant raise and lower interest at the same timebrbrAnd what does private ownership mean? Do they make a profit? And how
Comment from : @Wisdomseeker1028

they just print gold out of trees, they are scammers
Comment from : @kitingmechanics

Central banks are evil and are the reason for many of the worlds problems
Comment from : @mikeanon432

To create a class of debt slaves to extract wealth from via taxes to cover the interest on heavy usury loans taken out by governments
Comment from : @The_noticer-u2b

Oh yes, we have so many less issues since we developed central banks… And by we, I mean Rothschilds
Comment from : @markstuart9545

The only people who would be at all skeptical of unelected institutions with the exclusive ability to create arbitrary amounts of money are crazy tinfoil hat lunatics?
Comment from : @MathematicFanatic

Dave forgot to mention that the panic of 1837 wasnt caused by no central bank brIt was caused by andrew jackson destroying the previous one
Comment from : @theq4602

Audit this clown before we get around to auditing the fed
Comment from : @daniels4338

"You need the central bank goyim !!!"
Comment from : @SH_Hof

Hey professor Dave, mind telling us how the fed was started, who owns them/controls them and why it was shutdown before Thanks!brbrEdit : is the fed suspicious? Or has it been?
Comment from : @kifter4254

Oy Vey!
Comment from : @Rayglobster

cause jews duh
Comment from : @csehszlovakze

You are a great teacher
Comment from : @Idudbbwididd

Why does my money rot like a sack of potatoes?
Comment from : @toLothair2

I like your voice sir
Comment from : @MSA_fansite

Wouldn’t a drop in cotton prices just make it easier for consumers to buy cotton? Oh does that contribute to the panic?
Comment from : @orionofvolga

because they're easier to access than eastern or western banks; they're instead right in the middle
Comment from : @PokeMaster22222

I didn't realize there had been so many Recessions and Depressions in such a relatively short amount of time I'm now a bit smarter, thanks to you!
Comment from : @OmniphonProductions

Are going to respond to tour?
Comment from : @chrisbrookes1983

Hey, you didnt show line for panics, depresions and resesions after 1920 Show us proof, that it works, man!
Comment from : @vojtechpikal183

End the fed!
Comment from : @flintan4885

The rampant gambling with crypto lottery tickets, which some want to call "currencies", is a pertinent example of how bad it goes without an institution to regulate and create stability
Comment from : @JohnnieHougaardNielsen

bulllsheeet
Comment from : @mbahmarijan789

Considering that the Federal Reserve issues currency from nothing do you think the so called National debt is actually debt?
Comment from : @RoadKing05FLHR

0:25 It's not true that the central bank has a monopoly on money creation/circulation Due to the fractional reserve system, all banks do that, whenever they lend money
Comment from : @jursamaj

Professor Dave, I mean it when I say that I genuinely love your content You diversify into so many (informational) genres that exist on YouTube in terms of the type of content you produce I watched you for your Chemistry videos, and ended up staying for you and your plethora of other videos
Comment from : @theslashbro4474

Central Banks (most particularly the US Federal Reserve) were established to Fund Wars while enriching the owners of those Financial Institutions which (in-turn) both Own & Control (legally) these Central Banks President Woodrow Wilson concluded that by establishing the US Federal Reserve he had essentially destroyed the sovereign power of the United States to self-governance and in so doing converted the US into an Imperialist Power Ever since the US Federal Reserve was established, the US has embarked on military adventures around the globe which continue today All useful functions of Central Banks could be better performed by a more empowered National Treasury Central Banks are non-essential and heavily corrupted institutions managed by international oligarchic super-elites
Comment from : @secondhorizon

I'd like to notice and appreciate the use of animation and continuous motion in the visuals It REALLY helps a lot, at least for people like me with pretty bad ADHD It keeps the visual engaging which helps reinforce the information as you narrate it (more so than unmoving panels)brbr(Edit:) To be specific, I'm talking about the "idle" animations while nothing is obviously changing in the visual Those really help the content stick
Comment from : @jammy3662

Professor! We still need you in Chemistry and Biology not here
Comment from : @bma4616

Kinda funny that maximizing employment is the first objective since Powell said they must raise unemployment to decrease inflation
Comment from : @infinitemonkey917

I remember seeing clips of Alex Jones and others going on and on about the Federal Reserve and thinking "Hm they make a few good points" brLooking back on it now, I realize how dumb both myself and the kooks were I was a dumb kid who didn't understand squat, and the kooks asked a thousand questions and made up their own answers
Comment from : @nathansamuelson

Professor Dave, can you explain why some people want to audit the fed, why some politicians don't want this, and what harm or good it could do?
Comment from : @JonAllenMichael

Conservative conspiracy ppl on Facebook: REEEEE
Comment from : @inovakovsky

Here come the Libertarians Come to spread stupidity throughout this comment section because they don't understand anything
Comment from : @canyonntt6969

Thanks Dave! Good explanation Would be curious to hear your thoughts on the USD not being back by gold During the pandemic the money printers were working overtime and while it probably prevented a prolonged market crash we are now facing the consequence with the high inflation
Comment from : @SharkytheSharkster