A video on the Silicon Valley Bank situation is coming soon!
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About: Johnny Harris is an Emmy-winning independent journalist and contributor to the New York Times. Based in Washington, DC, Harris reports on interesting trends and stories domestically and around the globe, publishing to his audience of over 3.5 million on Youtube. Harris produced and hosted the twice Emmy-nominated series Borders for Vox Media. His visual style blends motion graphics with cinematic videography to create content that explains complex issues in relatable ways.
I don't think that's exactly how it works 😅 You should contact Money & Macro and the Plain Bagel if you want to get some expertise on monetary theory and finance
That's not true… Your oversimplification is missing a ton of things, and is leading you down a train of thought/conspiracy, it seems, that got disproven a long time ago, when bank runs were common.
They can't store all of the cash of all people at your local bank, because it's a massive risk, and people saying stuff like this causes bank runs. They can get the money, it just takes time to ship it.
Hope you talk with a financial expert before publishing your video, instead of making another video that discredits yourself, like the UFO video, and you causing bank runs.
This must also be how all these "tech" companies paying their workers 100k+ a year makes all that money on say…a free app. How that works? no fucking clue
I gotta say: you got one of these punchable faces I hear about
I don’t quite understand this but surely the video will help me!
Awesome, very excited
Didnt they adopt a law that allowed them to hold not even that 10% of your deposit?
Nowadays they do not even hold to 10% more like 1-2%. Or at least that was the reserve ratio in 2021 when I last checked.
Remenber I got blown away by Cold Fusion’s video named How is Money Created.
That's a Ponzi scheme 😂
So ponzi scheme
This wouldn't happen with an Islamic banking system
The last part,when everyone whats to withdraw at once…..you tend to the silicon Valley bank situation.
Wait people didn't know about this?
That's not how banks create money.
Fractional reserve banking
I don't think that's exactly how it works 😅 You should contact Money & Macro and the Plain Bagel if you want to get some expertise on monetary theory and finance
I thought when banks loan money to someone it's coz that someone wants to use it for a car or a house or a business not to store it in another bank 😂
Can't wait for the video Johnny
This also causes inflation
Omg, look, another person not understanding bank deposits
That's not true… Your oversimplification is missing a ton of things, and is leading you down a train of thought/conspiracy, it seems, that got disproven a long time ago, when bank runs were common.
They can't store all of the cash of all people at your local bank, because it's a massive risk, and people saying stuff like this causes bank runs. They can get the money, it just takes time to ship it.
Hope you talk with a financial expert before publishing your video, instead of making another video that discredits yourself, like the UFO video, and you causing bank runs.
Never been this hyped for an explainer video.
So what you sayin is banks are giant ponzi schemes.
This must also be how all these "tech" companies paying their workers 100k+ a year makes all that money on say…a free app. How that works? no fucking clue
It was never actually your money to begin with because all money is debt
When i was being taught in my school about economy , i used to think "what would happen if all the people withdrew the money at the same time."
That 10% thing is wrong, please don't be wrong in the video
Money 101. meh!
Loans should be interest free. Let’s see what happens then
The magic of fractional reserve banking 😂
That 's how capitalism is created , you want otherwise, Pray n Wait for Stone Age