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11,139,854 Views ā¢ Nov 26, 2023 ā¢ Click to toggle off description
Views : 11,139,854
Genre: People & Blogs
Date of upload: Nov 26, 2023 ^^
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User score: 0.00- Overwhelmingly Negative
RYD date created : 2024-07-06T10:02:17.362108Z
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YouTube Comments - 9,799 Comments
Top Comments of this video!! :3
I too asked to withdraw $2000 but all they kept saying was āput down the gunā and āsomebody call the policeā
2.6K |
"Jamie, pull up the video of the bear going to the bank."
202 |
Another fun fact for the uninitiated;
The government doesn't "own" the money supply. Its loaned to them by a private bank called The Federal Reserve. The government then has to pay back this loan, with added interest, with money they collect from you through taxes, under threat of prison if you don't comply.
66 |
I tried to get $2000 out and they refused as well. To be fair, there was only $3.45 in the account.
5.6K |
"Annnnd its gone"
"Wh-what do you mean"
"All of it, its gone"
2.3K |
Very simplified explanation of fractional reserve
54 |
Actually, if you deposit 100, the bank will then loan 1,000, as they only need to have deposits of 10% of the loans they have extended.
32 |
āā¦walks into the bankā¦ā
shows a fucking train station
2.2K |
For context, Joe asked if he wanted to split a pizza
685 |
That's why I use a credit union instead of a bank.
2 |
I wish more people understood how money and lending works. We don't teach it, and people are operating in an economic system they don't understand.
19 |
"I'd like to take out $2000"
"Sir, this is a train station"
988 |
Thats how insurance works, insurance is just hoping everyone doesnāt get sick at the same time
620 |
Whoa, that was a close one...good thing I'm broke š¤¬š¤£š¤£š¤£
1 |
Thatās why I keep all my money in my memory š
1 |
Our bank holds 225K. If someone wants more than 30k we have to schedule a federal pickup to arrive the next day
643 |
Thatās exactly why Rosevelt closed the banks during the depression
1.8K |
Agreed. Had a friend close out his account of only $10k - took the major bank 4 days to come up with the cash and they had to pull it from 5 locations across town in a city of almost a million people.
11 |
Yeah man we were all taught this early on in grade school. That's a huge part of the great depression discussion
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@MrBackpacker90
7 months ago
This is why I play it safe and never have any money to begin with
27K |