RTD Ep:20 "Currency Created Out Of Thin Air" - Charles Hugh Smith (Why Things Are Falling Apart)
Economy | Information | History | Online | Facts | World | Global | Money
Thanks for watching RTD Interviews. Leave a comment and share. Charles Hugh Smith, creator of the blog oftwominds.com, sits down to discuss his book "Why Things Are Falling Apart" and the economy. Visit the RTD Bookstore to support Charles Hugh Smith as well as the RTD channel► http://rethinkingthedollar.com/bookstore In our discussion we cover the following topics: 1. What comes to mind when you hear the words "Rethinking the Dollar"? 2. Why monetary education is so important in today's economy? 3. What would the Charles Hugh Smith global state of the economy address entail? 4. Why he wrote the book, Why Things Are Falling Apart? 5. Why is understanding debt, money and leverage so important? 6. What are some of the structural problems that are causing things to fall apart? 7. What his thoughts are on the reserve status of the dollar? 8. What people can learn about he Greece debt crisis? For more information and to follow Charles Hugh Smith's work you can visit: http://www.oftwominds.com/blog.html Rethinking the Dollar ► http://www.rethinkingthedollar.com Facebook ► https://www.facebook.com/rethinkingth... Twitter ► https://www.twitter.com/rethinkindollar RTD Android App ► https://goo.gl/RrcOlv Test your Money IQ: How much do you know about the Dollar? Click here ► http://goo.gl/o5Jj2B Join the RTD Community and get the beginners guide to understanding money. Free eBook: "The Simplicity of Money" click here ► http://goo.gl/iYCZje DISCLAIMER: The financial and political opinions expressed in this interview are those of the guest and not necessarily of "Rethinking the Dollar". Opinions expressed in this video should not be relied on for making investment decisions and do not constitute personalized investment advice. The information shared is for the sole purpose of education.
Comments
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Fractional reserve banking doesn't let banks loan out more than they have on deposit. It lets them loan out most, or all, of a deposit. However banks can make loans without any deposit at all because when a bank makes a loan it becomes a deposit elsewhere. i.e. as the loan is spent or transferred it becomes a deposit elsewhere. So the bank then borrows that deposit back or it can borrow overnight from the reserve bank while it waits to find the new deposit. Simple stuff this guy should know, commercial banking isn't complex.
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