Banking Explained – Money and Credit

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Banking Explained – Money and Credit 5
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Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives?


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💬 Comments on the video
Author

There's brand new stuff in the Kurzgesagt Merch Shop. Check it out here: shop.kurzgesagt.org

Author — Kurzgesagt – In a Nutshell

Author

Give a man a gun, and he can rob a bank.

Give a man a bank, and he can rob the world.

Author — TacNayn

Author

Nowdays Quantum physics seems more understanding than banking °~°

Author — sayan mitra

Author

Bank robbery is an initiative of amateurs. True professionals establish a bank.

Author — Mr 05

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great video! (but "banco" in Italian means table)

Author — Marcello Ascani

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"A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain"

Author — Thanos

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It’s designed to be confusing so that normal people will leave em alone

Author — Alex Hashaga

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2008: Worst financial Crisis ever...
2020: Hold my beer

Author — SuSmallville

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If financial education can be introduced early enough in schools and the importance of Stocks investing and other financial commodities then we should have lesser poverty rate. I am just 7 months into stocks and I can tell the difference from my 9-5

Author — Glades Electrical Cooperative

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Could you guys please do a video on Cyptocurrency and Blockchain technology?

Author — Pukar Bhandari

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Me: Im gonna rob a bank.

Italian: Sure, rob our bench.

Author — Raptor Cora

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Short explanation:
You have a ball, you give me your ball and i will charge you when you want to use it.

Author — Vislav

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"The international banking system is an enigma" reminds me of Patrick Star saying "The innermaginations of my mind are an enigma"

Author — cridanh.owo2

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Is no one going to talk about how it says ΔSS on the chalkboard at 0:16

Author — guyse what is a surcumsision

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You forgot an important detail. Banks don't have to collect the money of their customers they can lend money they don't even possess.

Author — VR Wizart

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You forgot to mention Fractional Reserve Banking & the banks creating credit as debt.

Author — David Jennings

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When it comes to banks if the language is complicated it equates to FRAUD.

Author — Na Na

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'' Banking was made for a simper life, but it turned very, very controversial.''



And that's a fact.

Author — Борис Ценков

Author

0:38
Kurzgesagt: ok so this is a map of Italy
Sardinia: am I a joke to you?

Author — Shirubia

Author

I didnt understand shit but the animations are so cool

Author — waddup