How Banks Create Money - Macro Topic 4.4

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Jacob Clifford

Jacob Clifford

Күн бұрын

Money doesn't grow on trees, but it does grow in banks. I explain how banks create money and how to use the money multiplier. For more practice go to my website www.ACDCecon.com or watch the unit playlist videos. Please subscribe and leave a comment. You rock!
Monetary Policy and Despicable Me
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Пікірлер: 719
@richardbutt9442
@richardbutt9442 5 жыл бұрын
i wish my teacher could have just taken 10-15 minutes and explained like this and not just confuse everyone for an hour
@ntandoquinton6935
@ntandoquinton6935 4 жыл бұрын
MAY BE WASNT HAVE MENTAL VISUAL UNDERSTANDING OF THE TOPIC
@AryanRayCS
@AryanRayCS 4 жыл бұрын
I still didn't get ,can u explain dis?
@AryanRayCS
@AryanRayCS 4 жыл бұрын
I still didn't get ,can u explain dis?
@hi_its_lucy
@hi_its_lucy 4 жыл бұрын
@@AryanRayCS why 2 times?
@federalmayhem
@federalmayhem 3 жыл бұрын
@@user-kz7ly2nb5b That's why they're teachers. They failed at everything else.
@tatutaylor
@tatutaylor 5 жыл бұрын
stopped watching the video to comment on his ACDC belt. that man is stuntin
@seemlyme
@seemlyme 3 жыл бұрын
Tatu Taylor System is the problem 🏡 Our Life should be around these Great Qualities..... 1, Show all living creatures; all the love and kindness as much as you can. 2, Only try to be honest with yourself. If you try to be honest with others, you will get into big trouble soon or later. 3, Aim only one target at a time; otherwise you are chasing two rabbits and you will miss both. So, the reason behind it. Have one powerful reason and never ever give up the one you want the most. 4, Don't try to be good person only but be the powerful person. We will grow to be the one or we will die. There is no other choice. 5, Always learn and look for to improve something your life. 6, You are not alone. Love and faith the high power reduces unnecessary stress in life. But never completely rely on it. 7, Success and happiness are the byproducts of our usefulness. So, always increase the possibility of success. 8, Life is not going to be easy. Because of our unnecessary things. Eliminate all the unnecessary things as much as you can by organising yourself well with the environments. 9, Never believe anything without the proper evidences. 10, Always try to give more than you take. Because it is dignity/ character of the divinity within you. 🌎 As long as people continue to see themselves as separate from everything else, they lend themselves to being completely enslaved. Success depends on how well we relate to everything around us. Joy comes from that bliss of connectedness. I believe that unarmed truth and love will have the final word in reality. To love; you should have good heart. I am a good person until I see a person better than my standard of goodness. Being good is the progress towards a worthy cause. Love is God. Whoever lives in love, lives forever. How selfish it is to try to keep something forever? Love is all about nourishing, nurturing, sharing and expanding the love within you for all. The principle to which we adhere to is that we have kindness of love at heart for the whole of mankind. As long as there is the unnecessary differences within us; we can not live peacefully so we have to eliminate all the unnecessary differences among us so we can love all. People abilities may vary but not there true love. If we love a person/ God for a reason then we love the reason but not the person. No reason is the reason to love the person because true love never fails. So do not compare or measure the true love as first or the last but love all truly. If you love people truly then you can understand people. If you don't love then you don't understand people at all. People are controlled by system why? The Cyclical Consumption is the current economy all over the World. It is making the scarcity problems of the earth finite resources to deteriorate day by day. Current Monetary System is legalised theft. Real money is Gold and Silver. Scarcity gives the money more value. Real money won't lose it's value. When Governments stay away from Gold & Silver then very easy to transfer the wealth / resources to upper class the Rich (Corporatocracy) Elite. When the Governments are printing out more new fiat currency with reserve banks, our old currency is losing its purchasing power everyday. They are printing millions of currency everyday. All governments and laws are existing right now to transfer wealth to upper class the rich elite. The USA Government & other Governments are in many countries, bailed the investment banks & financial institutions in 2008 against the majority of the people. There is no democracy in any countries. Because of the Money System based on profits motive only above all else even humans lives and well-being. So, we do not have freedom to protect our values with the money so on. The violence, bankruptcy & all the negativities are build into the Monetary System of our society. All are owned (including ourselves) by Reserve Bank. Which is private cartel the corporation. So, in legal system, we are legally considered as chattel the properties. They make money in the capital markets with our birth certificates. They do not consider us as Humans. That's the truth. We are at the invisible war with the Elites (Corporatocracies). We have to fight for our Freedom. Resource Based Economy is the Solution. We have to declare the earth resources as the heritage of all the people of this world. So everyone has access to it. Please have your research about zeitgeist movement then you know the truth more. Truth About Health/Drugs Industry Because Of It Your Life At High Risk The drug industry is a 1/2 trillion dollars a year worldwide conglomerate. Almost 300 billions dollars just in North America. That is really big business. What would happen if everyone were well? There is no money in health. You see, good health makes a lot of sense but it doesn't make a lot of dollars. Because everything they do is toxic. Every drug they use, prescription drugs, all drugs are liver toxic, bar none. If you've had amalgam fillings put in your mouth by dentists. It is highly toxic. There's cancer because most of the chemos are themselves carcinogens. To view the tumor as the cancer and we know the tumor is not the cancer. The cancer industry is 200 billions dollars a year. The more work they get, the more profit there is. You have to dismantle; If the truth ever came out about what we would need to do. 30% of people of females in America are at risk of getting, will get cancer of the breast. The ones that are already dead have been grossly mistreated by the medical profession and by the government that supposedly is supposed to encourage free research and development of all possibilities. Why would medical doctors who studied medicine and practice medicine and are heavily funded by pharmaceutical companies why would they go and look into vitamins? That they never had the answer orthomolecular. And as more and more of our population start taking their health into their own hands, there's going to be even more and more of changes. It can't go on the way it is. The system is failing apart. We must make nutrition the primary prevention strategy for the population. You are what you eat. You are everything that you have ever done to yourself. The choices you make directly affect the outcome of your life. - (Food Matters Documentary in Netflix) 😊 Well, I truly love God. I am not religious but very spiritual person. So, I believe 1) Religion is the beliefs in someone experiences But spirituality is having my own experiences. The mainstream religions people promote religious ideology by giving guidelines and guide but In my spiritual life; I do not want anyone or anything between God and me to restrict my freedom to worship God. 2) We do not need any authorities to do good work. The god work is the good work always. In contrast; organised mainstream religions are claiming that they have the authorities to do God works as leaders so on. 3) God is not capable of doing wrong thing, change the past for us and create anything out of nothing for us. Nothing means not anything. So, even God is limited. The mainstream religious people believe that God is unlimited. 4) God wants us to take responsibilities for our righteousness life but not for all the consequences of our actions because they are continued to exist among us. So, How can god punish us for all our consequences? The mainstream religious people believe we are full of sins because of all our actions. 5) Freewill is an illusion. People always choose the perceived path of greatest pleasure. So, we do not have choices all the time. In contrast teachings of the mainstream religions are promoting people to do god's will always because we all have choices of freewill always. 6) We can not separate everything into groups. So, everything for good and evil and there's no success and failure for everything. If everything is real then real things can not be threatened. Once you come to understand that God/The Holy Spirit is in each of us, You will no longer need a Book to tell you how to live. Then why we need religious scriptures? The Virtue is the expression of the basic goodness in our actions. The Basic goodness is the fundamental worthiness of every individuals. We are worthy to God always in everything. 7) Beliefs in a cruel God makes a cruel man. No matter what; every living creatures has the right to live and What makes their life cheap? Everything depends on everything. Nothing too big or too small in value. We can not love and hate at the same time; Being a vegetarian means love without cruelty happily. The mainstream religious people are killing people and sacrificing animals in the name of God. They promote God's cruel punishments. The Punishment is endless for Sinners/Devil according to religious scriptures. But God is love always. Overcome hate with love. If all religions for peace, unity? No way. Because they are not for peace. 8) Well, The God gave us everything to go from moment to moment in our lives as we do our part and pray only to thank god then the Love is in progress. The Love is always for everyone. We are always worthy of the God's love. Our greatest fear is; not to be loved by anyone but we are all loved by someone. When we eliminate all our unnecessary differences among us then true peaceful life is possible with the true love. If we can't find the peace within ourselves then we will never find it anywhere else. 9) This is the Fight for independence and freedom of humanity to worship God freely without religious guide and guidelines to restrict us. Unnecessarily, We do not want third party controls over us in anything ; especially in spirituality. 10) Revive Survive Thrive. Sincerely, The Real Peacemaker against religious oppression. kzfaq.info/get/bejne/fsimdtt-y8mvpmg.html kzfaq.info/get/bejne/kMV9q82V18qbg6s.html kzfaq.info/get/bejne/rbKqmMScsKmalnk.html kzfaq.info/get/bejne/hp6me8Rp36qbmo0.html kzfaq.info/get/bejne/pq96e62rqbfHgoE.html
@daviddorough2039
@daviddorough2039 3 жыл бұрын
@@seemlyme longest comment ive ever seen
@ljhearn123
@ljhearn123 9 жыл бұрын
Hey! I just wanted to say that you helped me SO much in my college macroeconomics class; so thank you so much for making these videos! You're energy in these videos actually makes them fun to watch and you break it down into much easier steps than my professor!!
@bsnews7614
@bsnews7614 5 жыл бұрын
Sadly non of what Jacob says in this video is true. Under law banks don't take deposits nor do they make loans. When you think you're depositing money in a bank you're actually lending your money to the bank. The bank can do what it likes with its new money and you become a creditor of the bank. When Jacob describes banks making loans they are actually buying promissory notes with newly created money. This is not based on any fractional reserve - the money does not come from existing deposits or from any other account inside or outside the bank. 0/10 for accuracy Jacob. Could do better.
@Bearlyhan
@Bearlyhan 4 жыл бұрын
Same here!
@seemlyme
@seemlyme 3 жыл бұрын
ljhearn123 System is the problem 🏡 Our Life should be around these Great Qualities..... 1, Show all living creatures; all the love and kindness as much as you can. 2, Only try to be honest with yourself. If you try to be honest with others, you will get into big trouble soon or later. 3, Aim only one target at a time; otherwise you are chasing two rabbits and you will miss both. So, the reason behind it. Have one powerful reason and never ever give up the one you want the most. 4, Don't try to be good person only but be the powerful person. We will grow to be the one or we will die. There is no other choice. 5, Always learn and look for to improve something your life. 6, You are not alone. Love and faith the high power reduces unnecessary stress in life. But never completely rely on it. 7, Success and happiness are the byproducts of our usefulness. So, always increase the possibility of success. 8, Life is not going to be easy. Because of our unnecessary things. Eliminate all the unnecessary things as much as you can by organising yourself well with the environments. 9, Never believe anything without the proper evidences. 10, Always try to give more than you take. Because it is dignity/ character of the divinity within you. 🌎 As long as people continue to see themselves as separate from everything else, they lend themselves to being completely enslaved. Success depends on how well we relate to everything around us. Joy comes from that bliss of connectedness. I believe that unarmed truth and love will have the final word in reality. To love; you should have good heart. I am a good person until I see a person better than my standard of goodness. Being good is the progress towards a worthy cause. Love is God. Whoever lives in love, lives forever. How selfish it is to try to keep something forever? Love is all about nourishing, nurturing, sharing and expanding the love within you for all. The principle to which we adhere to is that we have kindness of love at heart for the whole of mankind. As long as there is the unnecessary differences within us; we can not live peacefully so we have to eliminate all the unnecessary differences among us so we can love all. People abilities may vary but not there true love. If we love a person/ God for a reason then we love the reason but not the person. No reason is the reason to love the person because true love never fails. So do not compare or measure the true love as first or the last but love all truly. If you love people truly then you can understand people. If you don't love then you don't understand people at all. People are controlled by system why? The Cyclical Consumption is the current economy all over the World. It is making the scarcity problems of the earth finite resources to deteriorate day by day. Current Monetary System is legalised theft. Real money is Gold and Silver. Scarcity gives the money more value. Real money won't lose it's value. When Governments stay away from Gold & Silver then very easy to transfer the wealth / resources to upper class the Rich (Corporatocracy) Elite. When the Governments are printing out more new fiat currency with reserve banks, our old currency is losing its purchasing power everyday. They are printing millions of currency everyday. All governments and laws are existing right now to transfer wealth to upper class the rich elite. The USA Government & other Governments are in many countries, bailed the investment banks & financial institutions in 2008 against the majority of the people. There is no democracy in any countries. Because of the Money System based on profits motive only above all else even humans lives and well-being. So, we do not have freedom to protect our values with the money so on. The violence, bankruptcy & all the negativities are build into the Monetary System of our society. All are owned (including ourselves) by Reserve Bank. Which is private cartel the corporation. So, in legal system, we are legally considered as chattel the properties. They make money in the capital markets with our birth certificates. They do not consider us as Humans. That's the truth. We are at the invisible war with the Elites (Corporatocracies). We have to fight for our Freedom. Resource Based Economy is the Solution. We have to declare the earth resources as the heritage of all the people of this world. So everyone has access to it. Please have your research about zeitgeist movement then you know the truth more. Truth About Health/Drugs Industry Because Of It Your Life At High Risk The drug industry is a 1/2 trillion dollars a year worldwide conglomerate. Almost 300 billions dollars just in North America. That is really big business. What would happen if everyone were well? There is no money in health. You see, good health makes a lot of sense but it doesn't make a lot of dollars. Because everything they do is toxic. Every drug they use, prescription drugs, all drugs are liver toxic, bar none. If you've had amalgam fillings put in your mouth by dentists. It is highly toxic. There's cancer because most of the chemos are themselves carcinogens. To view the tumor as the cancer and we know the tumor is not the cancer. The cancer industry is 200 billions dollars a year. The more work they get, the more profit there is. You have to dismantle; If the truth ever came out about what we would need to do. 30% of people of females in America are at risk of getting, will get cancer of the breast. The ones that are already dead have been grossly mistreated by the medical profession and by the government that supposedly is supposed to encourage free research and development of all possibilities. Why would medical doctors who studied medicine and practice medicine and are heavily funded by pharmaceutical companies why would they go and look into vitamins? That they never had the answer orthomolecular. And as more and more of our population start taking their health into their own hands, there's going to be even more and more of changes. It can't go on the way it is. The system is failing apart. We must make nutrition the primary prevention strategy for the population. You are what you eat. You are everything that you have ever done to yourself. The choices you make directly affect the outcome of your life. - (Food Matters Documentary in Netflix) 😊 Well, I truly love God. I am not religious but very spiritual person. So, I believe 1) Religion is the beliefs in someone experiences But spirituality is having my own experiences. The mainstream religions people promote religious ideology by giving guidelines and guide but In my spiritual life; I do not want anyone or anything between God and me to restrict my freedom to worship God. 2) We do not need any authorities to do good work. The god work is the good work always. In contrast; organised mainstream religions are claiming that they have the authorities to do God works as leaders so on. 3) God is not capable of doing wrong thing, change the past for us and create anything out of nothing for us. Nothing means not anything. So, even God is limited. The mainstream religious people believe that God is unlimited. 4) God wants us to take responsibilities for our righteousness life but not for all the consequences of our actions because they are continued to exist among us. So, How can god punish us for all our consequences? The mainstream religious people believe we are full of sins because of all our actions. 5) Freewill is an illusion. People always choose the perceived path of greatest pleasure. So, we do not have choices all the time. In contrast teachings of the mainstream religions are promoting people to do god's will always because we all have choices of freewill always. 6) We can not separate everything into groups. So, everything for good and evil and there's no success and failure for everything. If everything is real then real things can not be threatened. Once you come to understand that God/The Holy Spirit is in each of us, You will no longer need a Book to tell you how to live. Then why we need religious scriptures? The Virtue is the expression of the basic goodness in our actions. The Basic goodness is the fundamental worthiness of every individuals. We are worthy to God always in everything. 7) Beliefs in a cruel God makes a cruel man. No matter what; every living creatures has the right to live and What makes their life cheap? Everything depends on everything. Nothing too big or too small in value. We can not love and hate at the same time; Being a vegetarian means love without cruelty happily. The mainstream religious people are killing people and sacrificing animals in the name of God. They promote God's cruel punishments. The Punishment is endless for Sinners/Devil according to religious scriptures. But God is love always. Overcome hate with love. If all religions for peace, unity? No way. Because they are not for peace. 8) Well, The God gave us everything to go from moment to moment in our lives as we do our part and pray only to thank god then the Love is in progress. The Love is always for everyone. We are always worthy of the God's love. Our greatest fear is; not to be loved by anyone but we are all loved by someone. When we eliminate all our unnecessary differences among us then true peaceful life is possible with the true love. If we can't find the peace within ourselves then we will never find it anywhere else. 9) This is the Fight for independence and freedom of humanity to worship God freely without religious guide and guidelines to restrict us. Unnecessarily, We do not want third party controls over us in anything ; especially in spirituality. 10) Revive Survive Thrive. Sincerely, The Real Peacemaker against religious oppression. kzfaq.info/get/bejne/fsimdtt-y8mvpmg.html kzfaq.info/get/bejne/kMV9q82V18qbg6s.html kzfaq.info/get/bejne/rbKqmMScsKmalnk.html kzfaq.info/get/bejne/hp6me8Rp36qbmo0.html kzfaq.info/get/bejne/pq96e62rqbfHgoE.html
@hunimuniful
@hunimuniful 3 жыл бұрын
@@bsnews7614 ap macro curriculum is much more simpler than real economic system but as an ap student this is how i should learn the subject
@nathankapsimallis1677
@nathankapsimallis1677 6 жыл бұрын
Your videos are brilliant - no one explains these concepts as clear as you. I have watched many of your episodes, absolute legend thanks heaps.
@hypno159753
@hypno159753 8 жыл бұрын
We need to have an International Appreciate Mr. Clifford Day. These videos are incredible.
@TheBandFiles
@TheBandFiles 3 жыл бұрын
These videos are incredibly wrong, when describing how banks create money.
@varunpathak9677
@varunpathak9677 3 жыл бұрын
@@TheBandFiles and May you explain yourself?
@AUstinnesc
@AUstinnesc 11 ай бұрын
I find myself at a crossroads, uncertain whether to liquidate my $250,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current bear market.
@sherryie2
@sherryie2 11 ай бұрын
Investing in stocks can be a wise decision, especially if you have a reliable trading system that can lead you to fruitful days of success.
@corrySledd
@corrySledd 11 ай бұрын
@@sherryie2 Factos!! Since the market became extremely volatile and pressure increased (I should be retiring in 17 months), I took the decision to work closely with a financial advisor. It has already been 9 months and counting, and I have made approximately 600K net from all of my holdings.
@McElvinn
@McElvinn 11 ай бұрын
@@corrySledd That's impressive! I could really use the expertise of this advisor.
@corrySledd
@corrySledd 11 ай бұрын
@@McElvinn credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up
@McElvinn
@McElvinn 11 ай бұрын
@@corrySledd Thanks for the info, i found her website and sent a message hopefully she replies soon.
@eugenethekorean
@eugenethekorean 9 жыл бұрын
ACDC I'm insanely in love with your motivation and initiative to not only make these effective videos, but also make it interesting and unique! Please keep up the good work and thanks for helping me :) Btw, Is Clifford your real name? haha
@Yingyingzhang062
@Yingyingzhang062 5 жыл бұрын
Thank you, Mr. Clifford!! You make the content so easy to understand!! I will definitely recommend your channel to my friends!!
@smilesalot528
@smilesalot528 7 жыл бұрын
Hi Mr. Clifford, I watched your videos in high school when I took AP micro and am so thankful because now that I am in college here I am watching your AP macro videos! They are SO helpful this topic makes so much more sense now.
@DumbledoreMcCracken
@DumbledoreMcCracken 6 жыл бұрын
He's wrong in every way.
@MissChonny
@MissChonny 8 жыл бұрын
You are absolutely incredible. Your videos are fantastic and you explain everything nice and short but completely delved. Excellent!!!!!
@Jassy19981
@Jassy19981 8 жыл бұрын
they should just play these videos in class, maybe it'll reduce my tuition
@cdelcarmen90
@cdelcarmen90 8 жыл бұрын
wow, short, clear, and to the point. thank you!
@mikaelawaters99
@mikaelawaters99 7 жыл бұрын
I'm a senior college and your videos have helped me an embarrassing amount. thanks dudee
@kofikoranteng1447
@kofikoranteng1447 7 жыл бұрын
You have this flawless way of explaining economics! You truly are a genius! Your in depth videos have contributed immensely to my 'A' in macro, thanks so much!
@DumbledoreMcCracken
@DumbledoreMcCracken 6 жыл бұрын
His explanation is full of mistakes because he doesn't understand the math.
@TheBandFiles
@TheBandFiles 3 жыл бұрын
@@DumbledoreMcCracken He also has been taught a series of myths about how banks create money. This is not the channel to learn macroeconomics.
@DumbledoreMcCracken
@DumbledoreMcCracken 3 жыл бұрын
@@TheBandFiles my view is that banks create *secured* (e.g. mortgages) loans out of nothing in exchange for a lien on the real property. I don't know where the money comes from that is paid during credit card purchases. I think personal lines of credit come from deposits.
@oliverhantu910
@oliverhantu910 2 жыл бұрын
@@DumbledoreMcCracken Please explain to the rest of us where his math is wrong.
@oliverhantu910
@oliverhantu910 2 жыл бұрын
@@TheBandFiles What is the channel to learn macroeconomics then?
@hnt7961
@hnt7961 4 жыл бұрын
I like how you highlighted the part “new money” which was left out by my lecturer. Thumbs up!!!
@FantasiaBouchez
@FantasiaBouchez Жыл бұрын
Thank you fro the way you take the time to discuss with us a better way of learning Economics. It seems so much easier to learn from.
@danishhassan6534
@danishhassan6534 7 жыл бұрын
god bless you Mr Clifford. its remarkable; amount of effort you put in. great
@wick2573
@wick2573 2 жыл бұрын
Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life
@Michael-bx1sb
@Michael-bx1sb 2 жыл бұрын
I have heard a lot about investments with Clara and how good she is, please how safe are the profits?
@estherjack6027
@estherjack6027 2 жыл бұрын
@@Michael-bx1sb I have also been tradingwith her. profits are secured and over a 100 percent return on investment.
@estherjack6027
@estherjack6027 2 жыл бұрын
My first investment with Clara gave me upto $53,000 and that has made me invest without the fear of losing, I got four of my friends involved with her already.
@Michael-bx1sb
@Michael-bx1sb 2 жыл бұрын
@@estherjack6027 wow that's very nice Please how can i be able to reach out to your broker, my income stream is in a mess.pls
@Michael-bx1sb
@Michael-bx1sb 2 жыл бұрын
Pls how I can get in touch with this Expert Clara?
@olitemps2131
@olitemps2131 8 жыл бұрын
can we all take a second to say how awesome this guy is. Saved me.
@BigDaddy9754
@BigDaddy9754 4 жыл бұрын
Very simple to understand, thank you for keeping this simple.
@justinejolliffe1666
@justinejolliffe1666 6 жыл бұрын
I was driving myself nuts trying to understand this concept and now I'm 99% closer to getting it!
@fatsounderscorem
@fatsounderscorem 7 жыл бұрын
Dude I watched you last semester for EKN113, now we have a new lecturer and he suggested this video in his notes... I now know why I did well in the first semester. YOU THE PLUG FAM!!!
@waleedharbi1149
@waleedharbi1149 8 жыл бұрын
Very nice and easy to understand, because you guys keep it simple. I didn't under stand the money multiplier well, but the video still perfect. Keep Goin Buddy !
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+waleed harbi Thanks. Here is a video to help you with the multiplier. Also you can check out the Macro Unit 4 playlist on my channel. kzfaq.info/get/bejne/iNeHjNCCtuC8qKc.html
@waleedharbi1149
@waleedharbi1149 8 жыл бұрын
Thank you so much Jacob for this quick respond. I'll check out these videos. You are amazing, just keep going. Thank you :)
@abdullahhilkafi1370
@abdullahhilkafi1370 7 жыл бұрын
Guуs I ааm mаking mу living frоm home with thе helр оf nest gеnееerаtionаutоmаtеd binаrууy trаding sуyуstеm hеrе is thе websitе >>> twitter.com/a80ca9b34b9a7b175/status/742671681655853056 reсоmmended to аll...........................// Hоw Bаnks Crеate Моnеу аnd thе Мonеу Мultiplier Mасrо 4 8
@arjun01235
@arjun01235 7 жыл бұрын
you can gain lots of information or process of money multiplier on following link arjnpanthi.blogspot.com/search/label/Monetary%20based%20model%20of%20money%20supply%20through%20Money%20multiplier
@ivanbosnjak9240
@ivanbosnjak9240 6 жыл бұрын
ACDCLeadership great video, can you answer sjete diesel money to pay interest come from?
@sachinchhetri4834
@sachinchhetri4834 6 жыл бұрын
No words to say.. Yours videos are simply amazing... Thanks
@khomotsobashele6501
@khomotsobashele6501 9 жыл бұрын
God Bless you man! Saving our grades one video at a time :)
@zilzzz7661
@zilzzz7661 3 жыл бұрын
Thank you for making it so clear. I finally understand the whole concept
@isabelmontoya3692
@isabelmontoya3692 8 жыл бұрын
I feel like I love him now
@hannahma1276
@hannahma1276 5 жыл бұрын
it helps a lot!!! I have struggled for these concepts for a really long time and this video just clearly explained everything!!!
@laitsman8662
@laitsman8662 4 жыл бұрын
@Jacob Cliffford Thank you so much for your videos! They have been a lifesaver for my college ECO201 course during the COVD-19 pandemic. Especially since my classmates and I haven't been receiving any online lectures from our prof. due to the shutdown. Thank you!
@atiasharmin4159
@atiasharmin4159 6 жыл бұрын
thanks a lot, all of your videos are so simply explained. Very useful!
@urbanachiever54
@urbanachiever54 4 жыл бұрын
This was actually quite well-explained, thank you.
@sailesh0092
@sailesh0092 7 жыл бұрын
Thank you for the knowledgable and easy lecture. I wish my Econ professor would explain it as you did.
@MrHarveyrex23
@MrHarveyrex23 2 жыл бұрын
Then your econ teacher would be unemployed and looking for a new job if he/ she did that.
@1lee178
@1lee178 8 жыл бұрын
YOU ARE THE BEST ECON TEACHER I'VE EVER SEEN! THANK YOU SO MUCH. I AM PAYING MORE THAN $10,00 TO TAKE ECON CLASS IN SCHOOL, BUT YOUR VIDEO WORTH MORE THAN THAT.
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+이석영 I'm glad I was able to help. Please subscribe and tell your friends:)
@BGANESH91
@BGANESH91 5 жыл бұрын
its $1,000 .... better get the money back and watch these videos
@v1ck0n
@v1ck0n 8 жыл бұрын
Thank you for your clear & simple explanation:)
@Infinitexz
@Infinitexz 9 жыл бұрын
I was having trouble understanding this from my MacroEcon college class. It makes sense now! Thanks
@MissChonny
@MissChonny 8 жыл бұрын
+Infinite As was I!! I re-watched my lecture online for my uni exam tomorrow morning and this makes perfect sense!
@speacialsedition
@speacialsedition 8 жыл бұрын
graduated from high school 3 weeks ago, but im still watching this video, not because i didnt understand this but rather because its a very cool concept, and have to thank mr cliford for making this concept easy to understand
@nexiarobert3200
@nexiarobert3200 6 жыл бұрын
very useful, thank you very very much. i did banking and finance back in college, but this short video help me understand it to the simplest, but not simpler. thank you =)
@potatoes4lifersxd813
@potatoes4lifersxd813 6 ай бұрын
thank you, thank you, THANK YOU! I was literally so confused about this concept and I'm working on my final now so I have to describe how banks create money. It literally made no sense to me, but you made it finally click. Again, thank you so much!!
@harh3101
@harh3101 7 жыл бұрын
Thank you, we need more people to see these kind of information to educate oneself.
@DumbledoreMcCracken
@DumbledoreMcCracken 6 жыл бұрын
He got just about everything wrong.
@CJusticeHappen21
@CJusticeHappen21 7 жыл бұрын
This actually helped me out a lot, thanks man.
@umerwajahat1540
@umerwajahat1540 4 жыл бұрын
This guy's a legend
@el_chapo_ibn_john_al_drakowski
@el_chapo_ibn_john_al_drakowski 4 жыл бұрын
I AGREE BRO
@seemlyme
@seemlyme 3 жыл бұрын
Umer Wajahat System is the problem 🏡 Our Life should be around these Great Qualities..... 1, Show all living creatures; all the love and kindness as much as you can. 2, Only try to be honest with yourself. If you try to be honest with others, you will get into big trouble soon or later. 3, Aim only one target at a time; otherwise you are chasing two rabbits and you will miss both. So, the reason behind it. Have one powerful reason and never ever give up the one you want the most. 4, Don't try to be good person only but be the powerful person. We will grow to be the one or we will die. There is no other choice. 5, Always learn and look for to improve something your life. 6, You are not alone. Love and faith the high power reduces unnecessary stress in life. But never completely rely on it. 7, Success and happiness are the byproducts of our usefulness. So, always increase the possibility of success. 8, Life is not going to be easy. Because of our unnecessary things. Eliminate all the unnecessary things as much as you can by organising yourself well with the environments. 9, Never believe anything without the proper evidences. 10, Always try to give more than you take. Because it is dignity/ character of the divinity within you. 🌎 As long as people continue to see themselves as separate from everything else, they lend themselves to being completely enslaved. Success depends on how well we relate to everything around us. Joy comes from that bliss of connectedness. I believe that unarmed truth and love will have the final word in reality. To love; you should have good heart. I am a good person until I see a person better than my standard of goodness. Being good is the progress towards a worthy cause. Love is God. Whoever lives in love, lives forever. How selfish it is to try to keep something forever? Love is all about nourishing, nurturing, sharing and expanding the love within you for all. The principle to which we adhere to is that we have kindness of love at heart for the whole of mankind. As long as there is the unnecessary differences within us; we can not live peacefully so we have to eliminate all the unnecessary differences among us so we can love all. People abilities may vary but not there true love. If we love a person/ God for a reason then we love the reason but not the person. No reason is the reason to love the person because true love never fails. So do not compare or measure the true love as first or the last but love all truly. If you love people truly then you can understand people. If you don't love then you don't understand people at all. People are controlled by system why? The Cyclical Consumption is the current economy all over the World. It is making the scarcity problems of the earth finite resources to deteriorate day by day. Current Monetary System is legalised theft. Real money is Gold and Silver. Scarcity gives the money more value. Real money won't lose it's value. When Governments stay away from Gold & Silver then very easy to transfer the wealth / resources to upper class the Rich (Corporatocracy) Elite. When the Governments are printing out more new fiat currency with reserve banks, our old currency is losing its purchasing power everyday. They are printing millions of currency everyday. All governments and laws are existing right now to transfer wealth to upper class the rich elite. The USA Government & other Governments are in many countries, bailed the investment banks & financial institutions in 2008 against the majority of the people. There is no democracy in any countries. Because of the Money System based on profits motive only above all else even humans lives and well-being. So, we do not have freedom to protect our values with the money so on. The violence, bankruptcy & all the negativities are build into the Monetary System of our society. All are owned (including ourselves) by Reserve Bank. Which is private cartel the corporation. So, in legal system, we are legally considered as chattel the properties. They make money in the capital markets with our birth certificates. They do not consider us as Humans. That's the truth. We are at the invisible war with the Elites (Corporatocracies). We have to fight for our Freedom. Resource Based Economy is the Solution. We have to declare the earth resources as the heritage of all the people of this world. So everyone has access to it. Please have your research about zeitgeist movement then you know the truth more. Truth About Health/Drugs Industry Because Of It Your Life At High Risk The drug industry is a 1/2 trillion dollars a year worldwide conglomerate. Almost 300 billions dollars just in North America. That is really big business. What would happen if everyone were well? There is no money in health. You see, good health makes a lot of sense but it doesn't make a lot of dollars. Because everything they do is toxic. Every drug they use, prescription drugs, all drugs are liver toxic, bar none. If you've had amalgam fillings put in your mouth by dentists. It is highly toxic. There's cancer because most of the chemos are themselves carcinogens. To view the tumor as the cancer and we know the tumor is not the cancer. The cancer industry is 200 billions dollars a year. The more work they get, the more profit there is. You have to dismantle; If the truth ever came out about what we would need to do. 30% of people of females in America are at risk of getting, will get cancer of the breast. The ones that are already dead have been grossly mistreated by the medical profession and by the government that supposedly is supposed to encourage free research and development of all possibilities. Why would medical doctors who studied medicine and practice medicine and are heavily funded by pharmaceutical companies why would they go and look into vitamins? That they never had the answer orthomolecular. And as more and more of our population start taking their health into their own hands, there's going to be even more and more of changes. It can't go on the way it is. The system is failing apart. We must make nutrition the primary prevention strategy for the population. You are what you eat. You are everything that you have ever done to yourself. The choices you make directly affect the outcome of your life. - (Food Matters Documentary in Netflix) 😊 Well, I truly love God. I am not religious but very spiritual person. So, I believe 1) Religion is the beliefs in someone experiences But spirituality is having my own experiences. The mainstream religions people promote religious ideology by giving guidelines and guide but In my spiritual life; I do not want anyone or anything between God and me to restrict my freedom to worship God. 2) We do not need any authorities to do good work. The god work is the good work always. In contrast; organised mainstream religions are claiming that they have the authorities to do God works as leaders so on. 3) God is not capable of doing wrong thing, change the past for us and create anything out of nothing for us. Nothing means not anything. So, even God is limited. The mainstream religious people believe that God is unlimited. 4) God wants us to take responsibilities for our righteousness life but not for all the consequences of our actions because they are continued to exist among us. So, How can god punish us for all our consequences? The mainstream religious people believe we are full of sins because of all our actions. 5) Freewill is an illusion. People always choose the perceived path of greatest pleasure. So, we do not have choices all the time. In contrast teachings of the mainstream religions are promoting people to do god's will always because we all have choices of freewill always. 6) We can not separate everything into groups. So, everything for good and evil and there's no success and failure for everything. If everything is real then real things can not be threatened. Once you come to understand that God/The Holy Spirit is in each of us, You will no longer need a Book to tell you how to live. Then why we need religious scriptures? The Virtue is the expression of the basic goodness in our actions. The Basic goodness is the fundamental worthiness of every individuals. We are worthy to God always in everything. 7) Beliefs in a cruel God makes a cruel man. No matter what; every living creatures has the right to live and What makes their life cheap? Everything depends on everything. Nothing too big or too small in value. We can not love and hate at the same time; Being a vegetarian means love without cruelty happily. The mainstream religious people are killing people and sacrificing animals in the name of God. They promote God's cruel punishments. The Punishment is endless for Sinners/Devil according to religious scriptures. But God is love always. Overcome hate with love. If all religions for peace, unity? No way. Because they are not for peace. 8) Well, The God gave us everything to go from moment to moment in our lives as we do our part and pray only to thank god then the Love is in progress. The Love is always for everyone. We are always worthy of the God's love. Our greatest fear is; not to be loved by anyone but we are all loved by someone. When we eliminate all our unnecessary differences among us then true peaceful life is possible with the true love. If we can't find the peace within ourselves then we will never find it anywhere else. 9) This is the Fight for independence and freedom of humanity to worship God freely without religious guide and guidelines to restrict us. Unnecessarily, We do not want third party controls over us in anything ; especially in spirituality. 10) Revive Survive Thrive. Sincerely, The Real Peacemaker against religious oppression. kzfaq.info/get/bejne/fsimdtt-y8mvpmg.html kzfaq.info/get/bejne/kMV9q82V18qbg6s.html kzfaq.info/get/bejne/rbKqmMScsKmalnk.html kzfaq.info/get/bejne/hp6me8Rp36qbmo0.html kzfaq.info/get/bejne/pq96e62rqbfHgoE.html
@aristojuan7926
@aristojuan7926 3 жыл бұрын
one of my classmates ask this exact question and the professor keep saying is money created comes out of nowhere without a real explanation, this is the explanation that I was looking for, now I get it, its not magically lol
@dakloos316
@dakloos316 8 жыл бұрын
absolutely magnificent explanation!
@IkieC
@IkieC 7 жыл бұрын
Really helpful! Think you helped a lot of people understanding this subject as well as all the other subjects you post videos about. At least you helped me;) Keep up the good work!
@DumbledoreMcCracken
@DumbledoreMcCracken 6 жыл бұрын
His explanation is full of mistakes because he doesn't understand the math.
@a_green_cat
@a_green_cat 2 жыл бұрын
thank you so much, I was having such a hard time understanding what actually happens and why money is created in the first place. 4 days of question marks only for you to clarify my confusion in 4 minutes haha
@brycejones6095
@brycejones6095 4 жыл бұрын
This helped a lot understanding a lot of questions I had about deposits and possibly loans.
@georgephiri759
@georgephiri759 4 жыл бұрын
I love how you just make sense... thank you
@rockstar2934
@rockstar2934 5 жыл бұрын
You have no idear how long it took me to find a video like this thanks heeps
@abundant_AF
@abundant_AF 3 жыл бұрын
Such a gifted teacher you are! Wow!
@miffyhoseok
@miffyhoseok 9 жыл бұрын
Thank you so much, it's so much clearer now!
@amirestebari1470
@amirestebari1470 5 жыл бұрын
Thank you for such a great help!
@BiffcheeseSpinoccoli
@BiffcheeseSpinoccoli 6 жыл бұрын
This is great! Thanks for making these vids.
@myloz6013
@myloz6013 3 жыл бұрын
Just subscribed. Excellent explanation thank you
@camillealey3389
@camillealey3389 4 жыл бұрын
I loved the video! You have a way of explaining complicated things in a simply and easy to understand way!
@faabihakhan
@faabihakhan 8 жыл бұрын
this was more helpful than i expected !
@nathanlee4560
@nathanlee4560 4 жыл бұрын
came for my test tomorrow subbed for the acdc belt
@YYYValentine
@YYYValentine 3 жыл бұрын
Very great video. Explained very clearly.
@isaacpedavada5132
@isaacpedavada5132 8 жыл бұрын
You are the Adam Norris of Econ!!! (Adam Norris was for AP US History) Either way that was a lot of help thanks!
@joelsundresan727
@joelsundresan727 2 жыл бұрын
Been watching and learning from ur videos since last year thanks u r the best teacher 👍👍
@NoodlzB
@NoodlzB Жыл бұрын
Amazing 👏 you made this so easy to understand! Thank you🙂
@mohangurusamy7490
@mohangurusamy7490 7 жыл бұрын
Thank you for this. Please make a video about negative interest rates.
@thanakritthanaathiporn5153
@thanakritthanaathiporn5153 2 жыл бұрын
Clearer than MRU explanation, Thanks
@ananyatrivedi8627
@ananyatrivedi8627 8 жыл бұрын
omg!! fantastic explaination ....thank you so much !!!! :))) ---from india!
@manikbhola6075
@manikbhola6075 9 жыл бұрын
Very Nice & easy to understand !
@junkalunk
@junkalunk 5 жыл бұрын
So very helpful, much thanks.
@abhinavitsmebellamy
@abhinavitsmebellamy 4 жыл бұрын
Great stuff. Thanks!!
@zai8822
@zai8822 5 жыл бұрын
you and my instructor are the best
@Doc.O.K.
@Doc.O.K. 4 жыл бұрын
Very well explained.thanks helped a lot
@opsihota2118
@opsihota2118 5 жыл бұрын
best explanation I've seen so far
@sinagheb8212
@sinagheb8212 8 жыл бұрын
You've helped me soooooo much !!! thank you! I would recommend any economics student , like me, to watch your video! thank you!
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+Sina Gheb Thank you Sina. Please make sure to subscribeand let me know if you need me to cover anything specific
@sinagheb8212
@sinagheb8212 8 жыл бұрын
+ACDCLeadership I already did! for sure I will let you know!!
@2random628
@2random628 8 жыл бұрын
this is a great video. you look like 49ers great Steve Young
@KK-bq5ee
@KK-bq5ee 4 жыл бұрын
I watched the video and clicked subscribe! It’s a fantastic video
@AliKhan-cj3ee
@AliKhan-cj3ee 3 жыл бұрын
You sir are an absolute godsend.
@yizhoudeng8556
@yizhoudeng8556 7 жыл бұрын
Great videos!!! Thank you so much
@andydidyouhear
@andydidyouhear 9 жыл бұрын
Wow, what a great video!! Awesome!
@abdullahal-muhaya2210
@abdullahal-muhaya2210 6 жыл бұрын
Man this is very clear! Love this! For those who are complaining, if you don't understand basic math, don't blame him please 😂
@zerohero109
@zerohero109 6 жыл бұрын
Thank you very much! Help me alot
@Akafun666
@Akafun666 6 жыл бұрын
Sir you are a GOD, thank you for the help!
@michellewu9404
@michellewu9404 6 жыл бұрын
Omg thank u ur a life saver!
@mcconnellz14
@mcconnellz14 9 жыл бұрын
Shout out to all PEARS!!! This video saved me a lot of time and stress thank you
@hatrang5143
@hatrang5143 Жыл бұрын
Thank you so much for this explanation
@DmitriiBragari
@DmitriiBragari Жыл бұрын
Thank you for this video, it was really helpful!
@jamesbaker4598
@jamesbaker4598 5 жыл бұрын
Hey Jacob, Question let's say there was a country with just one bank. Could it be possible that the bank could lend out to multiple borrowers and charge them at a lower rate than interest to the depositor?
@bushrashahid7790
@bushrashahid7790 6 ай бұрын
Wonderful as always
@JAFFER3657
@JAFFER3657 9 жыл бұрын
Nice work dude you are awesome it really helps to understand the concepts
@fergaldownes
@fergaldownes 5 жыл бұрын
Whats up man, extremely nice account that you have here. Nice one.
@dlessandllow8545
@dlessandllow8545 3 жыл бұрын
Thank you for this video. It is useful.
@BecomeAWebDev
@BecomeAWebDev 3 жыл бұрын
good explanation ... finally got it!!!!
@jusaksiahaan9308
@jusaksiahaan9308 4 жыл бұрын
I am new in economics, but easily catch up your explanation..thankyou
@kundif4311
@kundif4311 5 жыл бұрын
Thanks. lively and clear
@MD-nb1te
@MD-nb1te 3 жыл бұрын
You're an absolute Legend
@karfar8029
@karfar8029 2 жыл бұрын
Banks don't lend deposits or reserves. Banks create money when they lend. Deposits are used to balance the books. He's describing the fractional reserve theory of banking, which is complete bunk. The credit creation theory of banking is accurate.
@andrewau1993
@andrewau1993 6 жыл бұрын
Can we say that the following is true: That reducing the reserve ratio equals to increasing monetary supply and that increasing the base money base with reserve ration held constant are acts of increasing money supply.
@damla3843
@damla3843 7 жыл бұрын
Great, thank you!
@samstubbs429
@samstubbs429 3 жыл бұрын
This helped me so much thank you!!!
@TheMacC73
@TheMacC73 7 жыл бұрын
wow that helped a ton, thank you
@laughoutloudlove
@laughoutloudlove 8 жыл бұрын
Really helpful! Thanks a lot
@JacobAClifford
@JacobAClifford 8 жыл бұрын
+Farina Farik You are welcome Farina
@hahajenlee
@hahajenlee 9 жыл бұрын
i've been commenting on like every other video but thank u so much mr. clifford u are seriously the man
@MrTiBoTi
@MrTiBoTi 8 жыл бұрын
That's a nice explanantion of the money multiplier, but I'd like to add that maybe a few assumptions should be mentioned. In this explanation for example there is the silent assumption that all loaned out money goes back into the deposits, which doesn't hold true in reality. People hold some of their money in cash which this money multiplier doesn't obey. I was taught that the money multiplier must also take into account which fraction of the deposits the public wants to hold in cash. This of course makes the multiplier more complex but still manegeable easy. Are there any more additions to be made about the money multiplier?
@Moetallica
@Moetallica 7 жыл бұрын
I read somewhere that Angus Young passed his econ exams because of this channel.
@user-rj9zx3un2h
@user-rj9zx3un2h 4 жыл бұрын
All the lecture hour in 4minutes, perfect
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