How do I start my ... By: MrLivePositive8. on 06 Apr 12, 06:59:30 How do I start my own commercial bank? With the current system that is the way to go. Although with the coming USD? collapse gold and silver would be very good too.
central bank does ... By: spark300c. on 27 Mar 12, 23:44:21 central bank does not need to have liability since it printed it and belongs to no saver outside the bank.?
thank you,Sal! You ... By: dadac123. on 03 Jan 12, 15:48:27 thank you,Sal! You made this complex problem so much more easier!
I found I never understood the open market operation before, but after hearing your explanation, the concept become clear in my mind.
And I just can't believe you did it in such a short time video!
I've followed your courses about the banking, and in 2 hours with your classes, I've? learned so much, even better than my whole semester in school!
So much thanks that I wanna say to you!
The whole FED is a ... By: WilliamNaville. on 20 Oct 11, 10:25:04 The whole FED is a stupid idea...banks that have a central reserve are less? applicabel to their mistakes,that plus that they have Insurance means they can go all out and spend all your money...If everybank had there own reserve (wich is not 10%,more like 30%) then you will never get a bank run...meaning banks cant invest more money ...but fuck that
The alternative to ... By: SimonEissen. on 20 Oct 11, 07:27:21 The alternative to a private banking system is one totally controlled by the government. If you live in a country that has no private banking, that gives the? government enormous monopoly power and control over the economy. Since there is no way to have government without politics, then you are the ones who are f***d.
It does not appear ... By: SimonEissen. on 20 Oct 11, 07:25:01 It does not appear you followed the lesson very closely. The 'Fed' is not a 'private bank', it is owned by the citizens of the US. There are no shares in the Fed traded anywhere. It is autonomous to a degree so? that it can stay independent of politics but it is still firmly in the public not the private sector. You do see shares of banks like Citibank, Bank of America and JPMorgan traded and they can be purchased by anyone who has the money, subject to anti-trust laws.
Lol americans are ... By: WilliamNaville. on 15 Oct 11, 07:13:50 Lol americans are held hostage by? a private bank...you guys are so fucked
How 100$ deposited ... By: specificquestion. on 30 Sep 11, 16:15:05 How 100$ deposited increases? the reserve of the nationalized bank?
I left out that the ... By: SimonEissen. on 28 Jul 11, 18:44:32 I left out that the amount the bank has on deposit with the Fed is also part of it's assets.? And banks don't hold on to 'collateral' but will 'liquidate' (sell) it as quickly as they can. Collateral could be a repossessed auto, boat or even a house. Banks want assets that produce income without having to get into another line of business like managing rental property or auto brokerage.
I see that I didn't ... By: SimonEissen. on 28 Jul 11, 17:29:47 I see that I didn't answer your whole question. Foreigners, including China, buy US treasuries with dollars. China and other countries that have a trade balance surplus? with the US end up with dollars in their banks. Those dollars could be used to buy US made goods and services or to buy our IOU's (treasury notes). Either way, the dollars get transferred from the foreign banks back to the US. Eventually, the treasury note is redeemed with interest so the dollars go out again.
So to answer your ... By: SimonEissen. on 28 Jul 11, 17:12:58 So to answer your question. The Fed sells treasuries to the Bank of China or whoever that it has 'bought' from the Treasury or from whoever has sold them a treasury bond or note (treasuries get traded up until they mature, they are a commodity). ? The Bank of China doesn't nor any other bank 'buy' a Treasury bond or note directly from the Treasury. That's the Fed's job as the banker for the Treasury.
Member banks ... By: SimonEissen. on 28 Jul 11, 16:58:34 Member banks maintain a 'reserve' account with the Fed that is a % of it's demand deposits and limits how much the bank may have out in loans. The Fed can boost the bank's reserves by 'buying' US treasuries. By increasing the reserve deposits the Fed can increase the lending capacity of it's member banks. That is how money gets 'created' by the? Treasury with the Fed. But money is also 'created' any time a bank increases the amount of loans it has out. Money is 'based' on credit.
The bank is also ... By: SimonEissen. on 28 Jul 11, 16:45:24 The bank is also audited by state and federal regulators like the FDIC and the Fed. The laws are designed to protect the bank's depositors before anyone else. Keeping the confidence of depositors is essential to the banking system. While depositors may legally 'demand' their money at? any time, the banking system would fail if too many depositors did that at the same time. Insuring deposits is designed to bolster depositor's confidence. So is the reserve system.
To understand banks ... By: SimonEissen. on 28 Jul 11, 16:35:54 To understand banks and money, you need to understand double entry accounting. Assets (debits) are balanced by liabilities and equity (credits). The bank's assets are the cash it has in it's vault but mostly it's loans and maybe some 'collateral' it has taken when a? loan went bad. The bank's liabilities are it's depositors accounts and CDs and maybe loans it has borrowed from other banks. Banks are regulated. The bank's shareholders will engage auditors to examine them.
Most of the money ... By: SimonEissen. on 28 Jul 11, 16:23:56 Most of the money supply is in the form of bank deposits. Only a small % is in the form of actual currency in bank vaults, cash drawers, purses and wallets at any time. Banks allow for moving large amounts of money across large distances very quickly - the economy depends on banks to do this. Banks also allow for large amounts of money to be brought? together to accomplish big operations and projects. Big business and big government with big banks "built this city".
The Fed is also the ... By: SimonEissen. on 28 Jul 11, 16:10:56 The Fed is also the banker for it's member banks. The Treasury has 'bank accounts' with the Fed. So do the member banks and so do foreign 'central banks'. The Fed is responsible for clearing all payments made between all it's account holders. Look at the back side of any canceled check that was paid to a company in another part of your state or part the country and you will see a? stamp by the Fed indicating the date they processed it.
ok -just so we all ... By: SimonEissen. on 28 Jul 11, 16:02:06 ok -just so we all know who does what. The dollars are printed by the Bureau of Engraving and coin is made by the US Mint - both are part of the Treasury Dept, not the 'central bank' which is called the? Federal Reserve, 'Fed' for short, in the US. The Fed was established by law and it's directors are appointed by the President, subject to Senate approval, but it operates independently, more or less, of the US government. The Fed acts as the banker for the Treasury.
thanks? man.... but ... By: zzakariaa. on 15 Jul 11, 09:42:09 thanks? man.... but i still need some clarifications. let say the central bank prints a 100$ bill, the central bank will sell it to let say china as I understand from your reply. what does the central bank get in exchange for the 100$ bill. and how is that a fund for the US treasury account ?
Banking is a ' ... By: SimonEissen. on 14 Jul 11, 17:47:41 Banking is a 'confidence' game.:-p
If depositors start to demand their money, the bank could find? that it has more loans out than the reserve requirement allows. The bank may then look to 'liquidate' loans - sell them to other banks or investors for cash or call them - forcing debtors to look for re-financing from other banks. If debtors cannot pay up or find other credit - they may go bankrupt and then the bank has even more bad loans to write off.
It's a reverse multiplier.
The money ... By: SimonEissen. on 14 Jul 11, 17:35:43 The money multiplier also works in reverse. When a bank loan is written down or off the bank's reserves are affected - the bank can't take the loss from the demand deposits, those are protected by law. The bank has less money to lend and may have to borrow or call in even good loans to be able to protect depositors' 'demand deposits'. Depositors that? lose 'confidence' in the bank may 'demand' their money. If too many depositors do that at one time, any bank will fail.
You got the reserve ... By: SimonEissen. on 14 Jul 11, 17:20:43 You got the reserve percentage backwards. A reserve ratio of 50% means the bank can lend out 50% of its demand deposits. With deposits of $200 the bank may loan $100. That $100 will get added to the total of demand deposits? in the banking system - all money that doesn't go under the mattress goes back into the banking system. Total demand deposits grow as banks make loans. As demand deposits grow, the banks make more loans, subject to the reserve requirement. It multiplies.
The central bank ... By: SimonEissen. on 14 Jul 11, 17:05:42 The central bank doesn't "print bank notes as needed', it sells them for the US Treasury and collect the proceeds from the buyer and adds the? funds to the US Treasury's accounts. The buyer can be anybody - American, foreign or the bank itself. This last option is what some say 'prints money' because it increases the total bank reserves and the money supply. Money, and the economy, also grows whenever any bank loans money against its demand deposits.
Because the banks ... By: Wamy85. on 23 Jun 11, 03:53:18 Because the banks can lend money at? a reserve ratio of 50 % -so for the 100 $ you deposited in- they will lend out 200 $ - which will increase the M1 by 200$ - Hope it helps- Cheers
how did? the 100 ... By: AsakuraAvan. on 14 Jun 11, 04:29:36 how did? the 100 dollars from the treasuries increase the money supply from 400 to 600?
Bank uses money to ... By: Keyguya. on 08 May 11, 00:09:30 Bank uses money to buy stuff like any company. They are not in it to hoard cash (which is useless).
So any? basically any interest bank makes is used, they may of course always hold some cash at hand for liquidity.
Someone finally wrote an article about this at mises.com. The fallacy of not having enough money to buy interest is getting broad. Interest happens in real world, not in monetary one.
Video duration: 105 seconds
Global video hits: 92155
Expert roller skater teaches how to do front to back transitions, and back to front transitions on roller skates, in this free roller skating video on for beginning roller skaters. Expert: Rahel Cook Bio: Rahel Cook has been roller skating for over 20 years. Filmmaker: Jay Windland
because accidents ... By: SuperCloudBerry. on 18 Mar 12, 18:57:06 because accidents happen...doesnt matter if you are an expert or not...just? sayin its better to be safe than end up with broken bones or your head split open...
I am a very ... By: Annika Szczyrbak. on 18 Mar 12, 03:22:43 I am a very experienced skater and this is the only step that i can not do. I was pleased to find this but highly disappointed at the video. She used confusing words at a too fast pace that i wasn't? able to understand at all. She also spoke as if she was a robot, and it would have been nicer if she was narrating in the background as she did the step.
u don't need to ... By: honeybunny230. on 17 Mar 12, 14:01:43 u don't need to blame it all on her she's an expert so why would? she need a freaking helmet, kneepads and elbow pads
Like if you were ... By: sgomezsophia. on 21 Dec 11, 22:09:39 Like if you were watching? the Boats.(:
Less? talk, more ... By: panterameetsrebel. on 28 Nov 11, 01:03:38 Less? talk, more demo.
Bonnie D.Stoir? ... By: SuperCloudBerry. on 29 Oct 11, 19:18:10 Bonnie D.Stoir? from San Diego Derby Dolls got waaay better instruction videos, and she's infinately better at explaining how things are done...i'd check those vids in stead...oh, and yeah, BIG safety FAIL on this vid ! where's her freakin helmet, kneepads and elbow pads ?! Looks like, and sounds like, a fresh meat XD
I'm not a roller ... By: aggsonice. on 12 Sep 11, 22:19:03 I'm not a roller skater but I'm a high level ice skater and I agree too many words and she just doesn't? seem to know mechanics/technique at all.
it sounds lyk shes ... By: Zanji1998. on 18 Aug 11, 00:58:19 it sounds lyk shes confusing herself -_-?
this is done easier ... By: Kindertautenleider. on 19 Jul 11, 22:09:03 this is done easier if you? first learn to skate backwards from standing still
its better to go? ... By: AdorableMiss13. on 15 Jul 11, 15:49:30 its better to go? sideways
great,? i can learn ... By: tranghotspero. on 07 Jun 11, 03:44:25 great,? i can learn it
*pause...pause*... ... By: ItsTracyy. on 13 May 11, 10:01:14 *pause...pause*....? HI!
you are fucking ... By: kayhar3. on 20 Apr 11, 21:20:30 you are fucking stupid, learn to spell, your kid should be? taken away from you
I can land double ... By: Donnylutz00. on 28 Mar 11, 04:59:53 I can land double salchows, and? this video confused me :)
basically,? if you ... By: madybear72. on 27 Mar 11, 20:08:22 basically,? if you are right handed, u take your left foot to the right side and turn first the left foot and then the right. if your left, you skate, turn your right foot to the left and turn your right leg after. you can do it eather way though...
its called being ... By: 0000music9999. on 13 Mar 11, 20:17:19 its called being cautious and plus every one makes mistakes and can fall.... i am pretty sure u dont want? a broken wrist then can't skate for 6 weeks
Well if I fall I ... By: Puggy9874. on 07 Mar 11, 02:46:18 Well if I fall I like to fall on the cheeks with a nice slow painful crash and? then get back up and leave with a limp
I my roller skating ... By: FaxuFromRoblox. on 18 Feb 11, 03:28:07 I my roller skating place you aren't even ALLOWED to wear helmets, knee pads, or elbow? pads.
if your a ... By: crazymoo456. on 04 Feb 11, 03:26:03 if your a proffesional skater, why do you where wrist guards.noone wears them at our rink and? we're doing much harder stuff then this shit!!
Hi :) I was ... By: TheKittyKatNat. on 28 Jan 11, 09:22:09 Hi :) I was wondering if there is anything to help me get my feet used to? being sidwways when tranisitioning? I can skate backwards then go to forwards but im having issues going forwards to back. I find i get a big circle happening then cant go back. What part am i doing wrong at all?
Thanks
XX
OMG...this woman ... By: thorjuan5. on 22 Jan 11, 22:11:18 OMG...this woman makes skating look boring...she sounds like someones mother!!! (I can say that coz I am someone's mother...hope I don't sound that dull when I'm in skate talk mode!!!) Been watching these clips to pick up tips for? my 7 year old, but he's better that her already...well done Conan....3 weeks skating & on grade 4 already...mummy luvs u!!!!
u? suck lady By: autumn172000. on 18 Jan 11, 13:38:02 u? suck lady
does this work with ... By: MrBob1101. on 18 Jan 11, 05:13:23 does this work with rollerblades??
haha, funny i've ... By: andlastly. on 05 Jan 11, 04:11:33 haha, funny i've seen so many expert village videos, i thought 'i? wonder if this one will be as bad as those'.. spoiler, it's worse.. ! It's like she's never been on skates until they filmed this ...? It seems it's better to watch instead of listen to her blab on using her hands, no. no. no.
when? your using ... By: Scatman4Caboose. on 29 Dec 10, 03:12:37 when? your using quads you wanna diagnol ur foot then bring the heel up and stop on the front stopper or the only stopper
rollerblades lean your heel back
Video duration: 101 seconds
Global video hits: 53738
Learn reverse cable fly back exercises to build strength and muscle tone in this upper body workout and fitness video. Expert: James Fitzgerald Contact: www.mvpfitness.us Bio: James Fitzgerald is a member of the American College of Sports Medicine & certified in Personal Training and Group Kickboxing through Fitness Instructor Training of Stafford, Texas. Filmmaker: Christian Munoz-Donoso
hey can anyone help ... By: judikerr. on 01 Dec 11, 05:33:59 hey can anyone help me out. i want to know? how to look bigger from the side. so do i need to work my back and chest muscles?
yup that's what he ... By: rjlas7. on 04 May 11, 13:49:16 yup that's what he was explaining? about.:)
mto bom!? By: gualbukerke. on 11 Apr 11, 17:21:42 mto bom!?
also
I believe its ... By: urhunted. on 07 Apr 11, 08:38:24 also
I believe its also for the Trapezius (upper back) and some other muscles like the Rhomboideus minor and major
correct me? if im wrong
Yes he does a good ... By: publicworks1. on 30 Mar 11, 02:46:51 Yes he does a good job on the crucial areas. I feel that some have criticized unfairly. He does the stuff he talks about, he "walks the walk" as they say.Doing this without the D handle gets more rotator cuff, and less gripping is involved. D handles are a different emphasis. This is best for infraspinatus and supraspinatus. More of a toning, therapeutic, kind of emphasis. I do these regularly. and Use D handles when I want to mash? a few heavies, mostly for deltoids days.
bad idea! best to ... By: flyjeepguy. on 17 Feb 11, 23:40:15 bad idea! best to use a D handle,?
White man trapped ... By: ThaGenius101. on 04 Feb 11, 18:08:50 White man trapped in a black mans? body.
Awesome trainer? By: DuckHeadlolz. on 15 Nov 10, 21:56:10 Awesome trainer?
thts wot i thought ... By: jodhan23. on 18 Oct 10, 11:26:16 thts wot i thought too but? if u keep a bend in the elbow, the weight is targeted onto th back nd off the shoulder
This is probably ... By: Vash2Red. on 25 Sep 10, 23:37:52 This is probably the only expert village video that has? good comments! Every other vid has something wrong or stupid happening according to some people
Excellent ... By: RigsPGT. on 13 Jul 10, 21:06:06 Excellent explanation on all of? his videos! Thumbs up!
dude helps a fucing ... By: poopmaster64. on 30 Jun 10, 17:56:50 dude helps a fucing lot, thank you very much, u? should be a fitness teacher
thanks? By: 9santo. on 13 Jun 10, 20:07:01 thanks?
thats tiger? woods By: streetpunk99. on 22 May 10, 16:24:20 thats tiger? woods
good videos you ... By: lilfanatic147. on 21 Jan 10, 17:23:05 good videos you make, dude. i love it when he says? 'again' :D
nice workout!? By: samson577. on 10 Jan 10, 02:23:23 nice workout!?
wow this is rare ... By: STOPDATHATER. on 04 Dec 09, 00:57:27 wow this is rare find, tempo instructions, as well as for form explanation. This was reaaally helpful.?
the best thing to ... By: dzydave0021. on 23 Nov 09, 05:09:03 the best thing to do isnt either one of them but rather utilize both types of this exercise.... that holds true for most exercise variations for any bodypart, as long as theres no? existing injury or pain utilize every type of variation of exercises often.. its the best way to stay growing
rear delts..? By: fukidomev2. on 12 Nov 09, 02:46:24 rear delts..?
All of your workout ... By: DarkFlip22. on 04 Apr 09, 23:01:17 All of your workout video's sir? are helping alot.
Thanks a bunch man. Seriously. =D
isn't this for? ur ... By: imsljr420. on 13 Jan 09, 04:22:43 isn't this for? ur rear delts
u can do it both at ... By: azsianwun. on 02 Jun 08, 04:36:53 u can do it both at a? time or single right ? doesn't matter
ur preference
thanks, this helps ... By: fantaworld. on 15 Apr 08, 19:02:51 thanks, this helps lots. Would it be counterproductive to do both sides at? the same time?
Video duration: 193 seconds
Global video hits: 2082
Sudeshna Majumdar is a graduate student at Syracuse University's School of Education studying Higher Education Administration. She describes her focus of working with first-generation undergraduate students, and the program she created called The Story Project -- a gathering of first-generation students who talk about their experiences, issues, and the habits of successful first-gen students.
Video duration: 93 seconds
Global video hits: 64162
Keep the fist pumping while doing a hip hop fist move. Learn the fist hip hop dance move in this free dancing video lesson from a choreographer. Expert: Keith Fitzpatrick Contact: keithfitzpatrick.com Bio: Keith Fitzpatrick has choreographed for the Dove Awards, and the CMT awards and is currently teaching Hip-Hop for dance studios in the Nashville, TN area. Filmmaker: Tim Brown
Thx to know more ... By: girishh1. on 21 May 10, 10:56:01 Thx to know more moves....;) You? rock!
thatnk you very ... By: apilado00. on 17 Feb 10, 20:50:04 thatnk you very much you helped me in? my school dance project!
^^
cool? By: supremorrr. on 18 Jul 09, 15:05:39 cool?
we are using? all ... By: fundybay1. on 01 Feb 09, 02:57:32 we are using? all of your moves for our first dane at our wedding thank you so much for your help your da man!
what? he is a fag? By: IWANT2HEARYOUSCREAM. on 17 Jan 09, 17:19:08 what? he is a fag?
fuck? u By: Sgalibudali. on 17 Jan 09, 11:41:25 fuck? u
energetic fun? ... By: 0542215909. on 23 Dec 08, 04:20:46 energetic fun? smart and loves this video
ANY GUYS UP? Ap
I had a project at ... By: gukievel. on 20 Oct 08, 19:11:09 I had a project at school? about dance and we had to create a dance to "Candy Shop" song... You helped a looooot! Thank you sooooo much!
This video gives a ... By: NationalHomebuyers. on 25 May 12, 09:01:11 This video gives a really interesting perspective, an? interesting watch. Thanks, National Homebuyers
Sounds like an ... By: UmTheMuse. on 14 May 12, 19:32:10 Sounds like an ingenious pyramid scheme, in a way, in that there's no value creation and each level is made to push the risk to the next level down. However, doesn't the IB face a new risk?
It seems to me that they now are at risk because they have to guess how much money? they can get from investors.
Even discounting agent-principal problems, it seems like the total risk should be higher, right?
3 people lost money ... By: PhilipTheDuke. on 01 May 12, 17:25:00 3 people lost money in MBS's?
Gays check out how? ... By: nokkont. on 19 Apr 12, 19:30:00 Gays check out how? to become popular Russian invention
/watch?v=Y-pztzYMasA&feature=g-upl&context=G2f02875AUAAAAAAAAAA
When the bank Sells ... By: devbodaghe. on 19 Feb 12, 02:38:01 When the bank Sells their mortgages to investment banks dont they charge a lil interest that way there not? just making their not just making their money back
I just want? to ... By: helloworld0714. on 30 Dec 11, 13:47:34 I just want? to clarify, the investment bank creates new corporation/ entity? what are example of this newly created corporations?
The 2 billion ... By: 01agni1. on 23 Dec 11, 09:20:54 The 2 billion dollars are cashflows over 10 years.Hence they are? not comparable to 100 M made now.To understand this further go to the concept of time value of money.
it's just a matter ... By: kweezyyy. on 06 Dec 11, 20:27:52 it's just a matter of the investment banks pushing the risk off their own plates. once IB's sell all the "corporation" shares, it doesn't matter as much? to the IB if people default on their mortgage payments and the corporation's cash flow dries up
who are some of ... By: rond02kg. on 07 Nov 11, 23:29:55 who are some of these "special purpose? entities" you speak of?
The math and the ... By: chocoboblue99. on 30 Sep 11, 01:59:59 The math and the model looks fun to play around with until someone defaults.
Then, a few more defaults and then there's a domino effect and? everyone has a sad face now. :(
just got one ... By: tcg4111. on 26 Sep 11, 20:35:22 just got one question and hopefully you can answer it soon enough for it to help...
why does the INVESTMENT BANK (green bank) make up a corporation which sells shares letting investors bank off the interest and principle payment as well? and therefore making only 100 M (in this case), when, if they kept the rights to? the mortage payments to themselves, theyd eventually be making 2 billion dollars (in this case)? provided the investmEnt bank had enough money to buy the rights from the LOCAL BANK
just got one ... By: tcg4111. on 26 Sep 11, 20:34:56 just got one question and hopefully you can answer it soon enough for it? to help...
why does the INVESTMENT BANK (green bank) make up a corporation which sells shares letting investors bank off the interest and principle payment as well? and therefore making only 100 M (in this case), when, if they kept the rights to the mortage payments to themselves, theyd eventually be making 2 billion dollars (in this case)? provided the investmEnt bank had enough money to buy the rights from the LOCAL BANK
just got one ... By: tcg4111. on 26 Sep 11, 20:34:45 just got one question and hopefully you can answer it soon enough for it to help...
why does the INVESTMENT BANK (green bank) make up a corporation which sells shares letting investors bank off the interest and principle payment as well? and therefore making only 100 M (in this case), when, if they kept the rights to the mortage payments to themselves, theyd eventually be making 2 billion dollars (in this case)? provided the investmEnt bank had enough money to buy the? rights from the LOCAL BANK
Hats off to Creater ... By: kannu12341. on 02 Aug 11, 18:39:45 Hats off to Creater of that movies.....awesome Explanation with simple examples.......:)? Thanks a lot
eASY & High ... By: NetTopJOB. on 30 Jul 11, 00:17:01 eASY & High Income? Job from the "NET"
forex-secrets@hotmail.com
very clear,
great ... By: RebelHQ. on 29 Jul 11, 06:57:21 very clear,
great stuff :]?
Weren't securitized ... By: doublek321. on 18 Jul 11, 12:25:56 Weren't securitized mortgages traded on the open market? If so, it seems strange to me that they would be since isn't there an upper limit to how much they should be able to go up? In this example, even if? all the people actually pay their mortgages, they only have to pay 7% interest. Therefore, there's an upper limit on the income stream. I'm wondering if these things ever traded above their potential worth (and if so - why)
where does the? ... By: prakashenator. on 24 May 11, 16:36:19 where does the? FNMA, GNMA, FHLMC comes into play?
nice and ... By: jaggernat. on 27 Mar 11, 13:40:24 nice and clear.thanks.?
It is important to ... By: spectrum0590. on 13 Dec 10, 08:35:54 It is important to own a home rather than renting. It is a long term investment compare if you prefer to rent. It's a waste of? money.
Thanks, Wikipedia ... By: joskoning. on 07 Dec 10, 20:43:10 Thanks, Wikipedia made no sense to me about this, as usual.?
The reason why Sal ... By: JasonRox88. on 25 Nov 10, 22:09:23 The reason why Sal is so successful at teaching because he knows his topics.
I believe the education system in the US/Canada is failing mainly because so many teachers fail to know their own topic. The focus is largely on teaching methods which in my opinion is useless without a proper understanding of the topic. I have seen easily hundreds (former teaching assistant) of students go into teaching and are CLUELESS to what they teach.? They are motivated and great people but they are CLUELESS.
@honest 4truth
i ... By: TopBreh. on 25 Nov 10, 17:00:13 @honest 4truth
i fink the investment banks set up the special purpose vehicles/entities (spv/spe) so they cud get the loans off their balance sheets.
in this video he says investment banks may have done this because they are not in the business of dealing with mortgage loans however i rekon that they knew a number of these loans were very very risky and so transferred this risk onto shareholders, mutual? funds, hedge funds and pension funds etc.
Video duration: 300 seconds
Global video hits: 448
Recorded on June 26, 2009, UC Riverside Chancellor Timothy P. White talks about UCR enrollment and other issues in the news with host Brad Pomerance as part of Charter Communications Original Programming. This segment was shown to Inland region Charter subscribers during breaks of CNN Headline News. These are edited by Chris Lenge and used with permission.
Latest comments made on this video:
By: MrLivePositive8. on 06 Apr 12, 06:59:30
How do I start my own commercial bank? With the current system that is the way to go. Although with the coming USD? collapse gold and silver would be very good too.
By: spark300c. on 27 Mar 12, 23:44:21
central bank does not need to have liability since it printed it and belongs to no saver outside the bank.?
By: dadac123. on 03 Jan 12, 15:48:27
thank you,Sal! You made this complex problem so much more easier! I found I never understood the open market operation before, but after hearing your explanation, the concept become clear in my mind. And I just can't believe you did it in such a short time video! I've followed your courses about the banking, and in 2 hours with your classes, I've? learned so much, even better than my whole semester in school! So much thanks that I wanna say to you!
By: WilliamNaville. on 20 Oct 11, 10:25:04
The whole FED is a stupid idea...banks that have a central reserve are less? applicabel to their mistakes,that plus that they have Insurance means they can go all out and spend all your money...If everybank had there own reserve (wich is not 10%,more like 30%) then you will never get a bank run...meaning banks cant invest more money ...but fuck that
By: SimonEissen. on 20 Oct 11, 07:27:21
The alternative to a private banking system is one totally controlled by the government. If you live in a country that has no private banking, that gives the? government enormous monopoly power and control over the economy. Since there is no way to have government without politics, then you are the ones who are f***d.
By: SimonEissen. on 20 Oct 11, 07:25:01
It does not appear you followed the lesson very closely. The 'Fed' is not a 'private bank', it is owned by the citizens of the US. There are no shares in the Fed traded anywhere. It is autonomous to a degree so? that it can stay independent of politics but it is still firmly in the public not the private sector. You do see shares of banks like Citibank, Bank of America and JPMorgan traded and they can be purchased by anyone who has the money, subject to anti-trust laws.
By: WilliamNaville. on 15 Oct 11, 07:13:50
Lol americans are held hostage by? a private bank...you guys are so fucked
By: specificquestion. on 30 Sep 11, 16:15:05
How 100$ deposited increases? the reserve of the nationalized bank?
By: SimonEissen. on 28 Jul 11, 18:44:32
I left out that the amount the bank has on deposit with the Fed is also part of it's assets.? And banks don't hold on to 'collateral' but will 'liquidate' (sell) it as quickly as they can. Collateral could be a repossessed auto, boat or even a house. Banks want assets that produce income without having to get into another line of business like managing rental property or auto brokerage.
By: SimonEissen. on 28 Jul 11, 17:29:47
I see that I didn't answer your whole question. Foreigners, including China, buy US treasuries with dollars. China and other countries that have a trade balance surplus? with the US end up with dollars in their banks. Those dollars could be used to buy US made goods and services or to buy our IOU's (treasury notes). Either way, the dollars get transferred from the foreign banks back to the US. Eventually, the treasury note is redeemed with interest so the dollars go out again.
By: SimonEissen. on 28 Jul 11, 17:12:58
So to answer your question. The Fed sells treasuries to the Bank of China or whoever that it has 'bought' from the Treasury or from whoever has sold them a treasury bond or note (treasuries get traded up until they mature, they are a commodity). ? The Bank of China doesn't nor any other bank 'buy' a Treasury bond or note directly from the Treasury. That's the Fed's job as the banker for the Treasury.
By: SimonEissen. on 28 Jul 11, 16:58:34
Member banks maintain a 'reserve' account with the Fed that is a % of it's demand deposits and limits how much the bank may have out in loans. The Fed can boost the bank's reserves by 'buying' US treasuries. By increasing the reserve deposits the Fed can increase the lending capacity of it's member banks. That is how money gets 'created' by the? Treasury with the Fed. But money is also 'created' any time a bank increases the amount of loans it has out. Money is 'based' on credit.
By: SimonEissen. on 28 Jul 11, 16:45:24
The bank is also audited by state and federal regulators like the FDIC and the Fed. The laws are designed to protect the bank's depositors before anyone else. Keeping the confidence of depositors is essential to the banking system. While depositors may legally 'demand' their money at? any time, the banking system would fail if too many depositors did that at the same time. Insuring deposits is designed to bolster depositor's confidence. So is the reserve system.
By: SimonEissen. on 28 Jul 11, 16:35:54
To understand banks and money, you need to understand double entry accounting. Assets (debits) are balanced by liabilities and equity (credits). The bank's assets are the cash it has in it's vault but mostly it's loans and maybe some 'collateral' it has taken when a? loan went bad. The bank's liabilities are it's depositors accounts and CDs and maybe loans it has borrowed from other banks. Banks are regulated. The bank's shareholders will engage auditors to examine them.
By: SimonEissen. on 28 Jul 11, 16:23:56
Most of the money supply is in the form of bank deposits. Only a small % is in the form of actual currency in bank vaults, cash drawers, purses and wallets at any time. Banks allow for moving large amounts of money across large distances very quickly - the economy depends on banks to do this. Banks also allow for large amounts of money to be brought? together to accomplish big operations and projects. Big business and big government with big banks "built this city".
By: SimonEissen. on 28 Jul 11, 16:10:56
The Fed is also the banker for it's member banks. The Treasury has 'bank accounts' with the Fed. So do the member banks and so do foreign 'central banks'. The Fed is responsible for clearing all payments made between all it's account holders. Look at the back side of any canceled check that was paid to a company in another part of your state or part the country and you will see a? stamp by the Fed indicating the date they processed it.
By: SimonEissen. on 28 Jul 11, 16:02:06
ok -just so we all know who does what. The dollars are printed by the Bureau of Engraving and coin is made by the US Mint - both are part of the Treasury Dept, not the 'central bank' which is called the? Federal Reserve, 'Fed' for short, in the US. The Fed was established by law and it's directors are appointed by the President, subject to Senate approval, but it operates independently, more or less, of the US government. The Fed acts as the banker for the Treasury.
By: zzakariaa. on 15 Jul 11, 09:42:09
thanks? man.... but i still need some clarifications. let say the central bank prints a 100$ bill, the central bank will sell it to let say china as I understand from your reply. what does the central bank get in exchange for the 100$ bill. and how is that a fund for the US treasury account ?
By: SimonEissen. on 14 Jul 11, 17:47:41
Banking is a 'confidence' game.:-p If depositors start to demand their money, the bank could find? that it has more loans out than the reserve requirement allows. The bank may then look to 'liquidate' loans - sell them to other banks or investors for cash or call them - forcing debtors to look for re-financing from other banks. If debtors cannot pay up or find other credit - they may go bankrupt and then the bank has even more bad loans to write off. It's a reverse multiplier.
By: SimonEissen. on 14 Jul 11, 17:35:43
The money multiplier also works in reverse. When a bank loan is written down or off the bank's reserves are affected - the bank can't take the loss from the demand deposits, those are protected by law. The bank has less money to lend and may have to borrow or call in even good loans to be able to protect depositors' 'demand deposits'. Depositors that? lose 'confidence' in the bank may 'demand' their money. If too many depositors do that at one time, any bank will fail.
By: SimonEissen. on 14 Jul 11, 17:20:43
You got the reserve percentage backwards. A reserve ratio of 50% means the bank can lend out 50% of its demand deposits. With deposits of $200 the bank may loan $100. That $100 will get added to the total of demand deposits? in the banking system - all money that doesn't go under the mattress goes back into the banking system. Total demand deposits grow as banks make loans. As demand deposits grow, the banks make more loans, subject to the reserve requirement. It multiplies.
By: SimonEissen. on 14 Jul 11, 17:05:42
The central bank doesn't "print bank notes as needed', it sells them for the US Treasury and collect the proceeds from the buyer and adds the? funds to the US Treasury's accounts. The buyer can be anybody - American, foreign or the bank itself. This last option is what some say 'prints money' because it increases the total bank reserves and the money supply. Money, and the economy, also grows whenever any bank loans money against its demand deposits.
By: Wamy85. on 23 Jun 11, 03:53:18
Because the banks can lend money at? a reserve ratio of 50 % -so for the 100 $ you deposited in- they will lend out 200 $ - which will increase the M1 by 200$ - Hope it helps- Cheers
By: AsakuraAvan. on 14 Jun 11, 04:29:36
how did? the 100 dollars from the treasuries increase the money supply from 400 to 600?
By: Keyguya. on 08 May 11, 00:09:30
Bank uses money to buy stuff like any company. They are not in it to hoard cash (which is useless). So any? basically any interest bank makes is used, they may of course always hold some cash at hand for liquidity. Someone finally wrote an article about this at mises.com. The fallacy of not having enough money to buy interest is getting broad. Interest happens in real world, not in monetary one.