Banking 5: Introduction to Bank Notes

Banking 5: Introduction to Bank Notes

Introduction to bank records (which we have been some-more informed with than we realize).


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25 Responses to 'Banking 5: Introduction to Bank Notes'

  1. Corporations8MyBaby - March 24th, 2010 at 9:20 am

    excellent point. perfect ivanleo. these are people who have problems in thinking in systems.

  2. ivanleo - March 24th, 2010 at 9:20 am

    People who constantly point out the Fed is privately owned also constantly fail to notice the profits of the Fed must, by law, be paid to the US treasury.

  3. ivanleo - March 24th, 2010 at 9:20 am

    Then please send me all your worthless banknotes, I’m sure I can find some use for them

  4. AtheismIsWiked - March 24th, 2010 at 9:20 am

    To be honest I didn’t give a shit about any of this, I just wanted to learn something new.

    Afterwards, I feel a lot more educated. I love your videos. I wish all teachers worked like you. I don’t think I would be lost without your help since I’ve always done fine without it, but with it I’ve been able to move a lot fast.

    Thanks a million.

  5. biagiolembo - March 24th, 2010 at 9:20 am

    sorry,
    what happens to the cash when it is used to pay back loans?? does the bank keep that cash for itself??

  6. pickmanfox - March 24th, 2010 at 9:20 am

    @cv45fg56hg83sd91
    As long as the currency is not backed by anything the government can always adjust its value. If they wanted to increase the value of the dollar they could, but it might have worse consequences economically than letting it shrink (for example, the Chinese government deliberately keeps their currency less valuable than the dollar to keep their exports cheap.)

    On the gold standard, the value of the dollar is tied to the availability of gold, which is harder to control.

  7. pickmanfox - March 24th, 2010 at 9:20 am

    @cv45fg56hg83sd91
    No, if you owe someone money or buy something from them you can pay off the debt using gold – if they agree to accept gold. If you offer them cash to settle the debt, though, they have to accept it, as it is “legal tender”. It’s up to them whether they accept payment in gold, or chickens, or any other form.

  8. GtheMVP - March 24th, 2010 at 9:20 am

    you need to clone yourself so you can spread your common sense better, this world needs it!

  9. apricotsnms516 - March 24th, 2010 at 9:20 am

    so is there an actual vault full of gold in the us?

  10. cv45fg56hg83sd91 - March 24th, 2010 at 9:20 am

    Didn’t USA drop the gold standard? So does it mean owning gold is illegal and transactions based on gold metal are not allowed within US of A? Really, why don’t the US go back to a gold standard in order to save the shrinking & sinking dollar?

  11. cv45fg56hg83sd91 - March 24th, 2010 at 9:20 am

    I bought some nice banknotes for my collection on a Banknotes website, but since I had to pay (they were not free to me unfortunately) so I will not advertise their website on here, but the currency I bought are so nice. And I’m not sure if bank note collectors need something to deposit or store them in?

  12. Evulmeh - March 24th, 2010 at 9:20 am

    This is actually more in depth :) And a lot less biased towards an OH SHI- conclusion.

  13. ivanleo - March 24th, 2010 at 9:20 am

    It’s not true that only 1 bank per country issues banknotes. In the United Kingdom banknotes are issued by the Bank of England, the Bank of Scotland, the Royal Bank of Scotland, Cydesdale Bank, Ulster Bank, Northern Bank, the Bank of Ireland and First Trust Bank.

  14. pagalmadman1 - March 24th, 2010 at 9:20 am

    hey u can also try money as debt video on youtube…….its more fun as they have made animations to explain the same thing sal has tried………

  15. pagalmadman1 - March 24th, 2010 at 9:20 am

    although i dont live in united states of america (nor have been there as of yet)…….still now i seem to know more than most of americans…..lol

  16. Darkestaxe - March 24th, 2010 at 9:20 am

    For those saying banknotes no longer represent anything because of the gold standard, the gold was never actually worth anything much either.

    Bank notes (money) is worth the goods and services it will buy. Golds primary value is how much MONEY people will pay for it because they THINK it’s worth money.

    So please watch more (or read a book) or be quite. Spreading disinformation makes it easier for banks to get people to pressure congress into helping them fuck up our economy further.

  17. uraijit - March 24th, 2010 at 9:20 am

    Except bank notes no longer represent ANYTHING. The only thing they’re guaranteed to be good for is to pay taxes…

    Today’s bank notes aren’t worth the paper they’re printed on. They represent NOTHING.

  18. ilikadapepsi - March 24th, 2010 at 9:20 am

    you should do it

  19. jackuy12345 - March 24th, 2010 at 9:20 am

    ??? why u reply me for dude? wtf?

  20. Kin94285 - March 24th, 2010 at 9:20 am

    notes were taken off gold in 1970 by nixon.

  21. Kin94285 - March 24th, 2010 at 9:20 am

    generally everything works good. It’s how the economy has grown for the last couple of hundred years. Of course there are hiccups here and there..

  22. at1212b - March 24th, 2010 at 9:20 am

    Therein lies the greatness of the Fed… there is aparently something backing it.

    Let’s just call it elixir

  23. jackuy12345 - March 24th, 2010 at 9:20 am

    keep them up!!!!

  24. jackuy12345 - March 24th, 2010 at 9:20 am

    lol this is a example that he assume everything went good and the wealth is created, assuming no bad accidents happened, yea if the wealth was fake the multiplier would not be working but yea… just a positive example

  25. Schroeder182 - March 24th, 2010 at 9:20 am

    bank of george bush…lol.


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