big difference between smaller banks giving out local loans to help folks start homes /businesses and the megaliths who crashed the economy through their own greed and fantastical financial instruments
I don't like bankers either but I don't vote for bankers. My difference from bill is I don't get mad at bankers for being out of control, I get mad at the government that not only allows them to do so but encourages it and is in bed with them. I blame the government not bankers. I expect bankers to be self interested.
There's a great study done by a professor, who studied bankers and found them the most unethical individuals in the world.. even worse than lawyers ...and government officials....🤣🤣🤣
@@michaelallen1154really? I’m reading this after an auto ship tried to charge me $600 for a $50 piece that we got and we figured out how to fix free by the time arrived . Yeah - was that in a study ? Resource or just know everything ? 😂
That's $250k insured for each account and you can put your money in multiple insured accounts at the same bank with a lot less risk than putting overage into wealth management. Doesn't that guy know that any bank wants your money and will accommodate you with a spreadsheet of accounts to keep it insured as long as they can use your money. Even low risk investments carry a risk of enduring a complete market crash that can decimate what wealth you have. I have some relatively low risk investments and I've lost 35% in the last 2 weeks because the whole market is down. If I had that in a savings account i wouldn't have to hope for recovery before even thinking about closing out and it would have been perfectly safe.
"Play long enough, you never change the stakes, the house takes you. Unless, when that perfect hand comes along, you bet big, and then you take the house." ---Danny Ocean
The Creature from Jekyll Island: A Second Look at the Federal Reserve The problem isn't banks or even fractional reserve banking I think this guy is really smart about economics but he is caught up in learning about it from a school which you need of course but still reading books like the ones I listed above help you understand Bill's Pov
@@michaelallen1154it’s way more than that tho. They game the system to seize nearly everything as much as statistically possible as there’s no moral obligation to stakeholders anymore (customers, employees, local communities in other countries) . Used to be - till eco moist forgot his name and some bs court decision said the ONLY obligation is shareholder interest? Which is about “25 people”, parading around as if it’s the people. It’s not .
0:24 no banks made it possible to convince some one it should take thirty years to pay back a house and a frame to make it easy to rob imine if they miss a payment
@2:24 edited out! Gonna be careful these days in this FREE SPEECH country... I wouldn't be surprised if Bill himself took it out... but I also wouldn't be surprised if RUclips took it upon themselves!
Free speech is between you and the government, not a private company like youtube. It doesnt apply to them, because what you say is published by them and not you, which means its them saying what you wrote or recorded. And they are not obligated to post anything you say if they donte want to, because there is no Forced Speech law.
@@kuzzbillington6392 Don't think I'm not going to reply to this... I can see your buzz kill name... I am just tired of your socialist movement and explaining to people your warped thinking... but you're going to get an education... i've been through this one! You are obviously somebody who's been deeply indoctrinated!
For an institution to be that powerful in the economic world, you can’t tell me there aren’t elite private stockholders. It’s a private central bank trying to act federal.
Also, interest rates are higher for Black & Brown people. It's been proven many times. Me and a white friend that makes the same amount of money as me and we both have great credit.
I know alot of white people shafted on interest rates too, not sure how racist some places can be but I know for fact they will fck anyone they can lol
Lol and yet being pro banks, pro corporations and their greedy, soulless messed up tactics in order to obtain as much profits as possible, is a very common conservative mindset. "Doesn't matter if it's immoral, as long as it's legal"
Приколы
When an ignorant, over confident person is suddenly bestowed the knowledge from Finance 101. 🤦🏼♂️
...and being brainwashed by modern conservatism.
Imagine not being a banker and still white knighting bankers.
This is a result of 'Intro to Finance,' and being brainwashed by modern conservatism.
To be fair, you don’t have to practice something to defend it.
Those are the same people that white knight Soros and the WEF. Disregard NAMBLA though. It's an alt right conspiracy theory😒
He's a finance major. He's gonna end up at JPMorganChase
big difference between smaller banks giving out local loans to help folks start homes /businesses and the megaliths who crashed the economy through their own greed and fantastical financial instruments
Yep, couldn't have said it better
Makes you wonder where all that pandemic money went...
@@XX32XX622 the billionaires.
Don't blow it.
Keep it simple.
Count your money.
Looks like someone just took intro to finance lmao.
I don't like bankers either but I don't vote for bankers. My difference from bill is I don't get mad at bankers for being out of control, I get mad at the government that not only allows them to do so but encourages it and is in bed with them. I blame the government not bankers. I expect bankers to be self interested.
It's because of lobbyists who bribe the politicians. The politicians aren't the ones making the decisions
@@j-rey- That's how it works. They make a decision to recieve the bribe and then allow those banks to draft the bills they propose.
Me as soon as I saw the title:
Oh jeeeeeezesh
You are man bro! Love the podcast! Keep it going and I'll keep listening, thanks for all the good advice.
There's a great study done by a professor, who studied bankers and found them the most unethical individuals in the world.. even worse than lawyers ...and government officials....🤣🤣🤣
Just like auto mechanics and and used car dealerships. They'll rip you off every chance they get.
I like how you want us to think you put in the effort to evaluate the quality of the study but not enough effort to remember who wrote it.
@@cisium1184 chill, a bunch of geniuses couldn’t remember names it’s not that crazy
@@sloanmagnum5009 not like they used to be. The web has a way of generally keeping auto shops honest in a way that didn't happen before the web era.
@@michaelallen1154really? I’m reading this after an auto ship tried to charge me $600 for a $50 piece that we got and we figured out how to fix free by the time arrived . Yeah - was that in a study ? Resource or just know everything ? 😂
literally not enough money to pay back all the debt, if that's not crabs in a bucket I don't know what is
Regular people VS the Rich. That's the battle.
Wait til he learns stocks drop precipitously after hours to without stop limits working 😂
Legendary preach bro world's fucccccked
@1:46 I think you're talking about "fractional reserve lending"!
The reason houses are so expensive is because of the banks...
That's $250k insured for each account and you can put your money in multiple insured accounts at the same bank with a lot less risk than putting overage into wealth management. Doesn't that guy know that any bank wants your money and will accommodate you with a spreadsheet of accounts to keep it insured as long as they can use your money. Even low risk investments carry a risk of enduring a complete market crash that can decimate what wealth you have. I have some relatively low risk investments and I've lost 35% in the last 2 weeks because the whole market is down. If I had that in a savings account i wouldn't have to hope for recovery before even thinking about closing out and it would have been perfectly safe.
Or a CD which is earning around 4.85% for 12 months for deposits of $5,000 and up in most cases.
I got one word for you. You listening? Derivatives! That has brought the system to it knees.
Yes!
Bernie Burr.
Ask that kid if that’s not what the Bernie madoff victims did? 😂😂
Dude the person who wrote this .... lives in a Earth with no pollution
“white women are the victims victim” PREACH!!!!
To the young college student: Please read 'The Creature from Jekyll Island' by G. Edward Griffin.
The house always wins
"Play long enough, you never change the stakes, the house takes you. Unless, when that perfect hand comes along, you bet big, and then you take the house." ---Danny Ocean
Yes bill! Yes bill! YEEEESSSS BIIILLLL!!! This man, he knows. ‘No one gives a fuck, bcus we’re all tied into the lie’ - Ginger Shakespeare. Beautiful!
this also aged well
The Creature from Jekyll Island: A Second Look at the Federal Reserve
The problem isn't banks or even fractional reserve banking I think this guy is really smart about economics but he is caught up in learning about it from a school which you need of course but still reading books like the ones I listed above help you understand Bill's Pov
@Lurk ... It's interest on loaned money that makes the banker end up eventually owning everything.
@@michaelallen1154it’s way more than that tho. They game the system to seize nearly everything as much as statistically possible as there’s no moral obligation to stakeholders anymore (customers, employees, local communities in other countries) . Used to be - till eco moist forgot his name and some bs court decision said the ONLY obligation is shareholder interest? Which is about “25 people”, parading around as if it’s the people. It’s not .
I agree with the kid. BONDS BONDS BONDS. GOVERNMENT BONDS! JAMES BONDS
James Bonds 😎
0:24 no banks made it possible to convince some one it should take thirty years to pay back a house and a frame to make it easy to rob imine if they miss a payment
I want 10 min of my life back
I want the 1.2 seconds it took u to read that back.
I blame Telstra.
You're a thousand times smarter, buying a piece of land, than keeping your money in a bank..
(Keeping your money in a bank is an idiot move.....)
Yezzir
Pretty common knowledge but yeah
Someone's a touch brainwashed by modern conservatism.
@2:24 edited out! Gonna be careful these days in this FREE SPEECH country... I wouldn't be surprised if Bill himself took it out... but I also wouldn't be surprised if RUclips took it upon themselves!
Free speech is between you and the government, not a private company like youtube. It doesnt apply to them, because what you say is published by them and not you, which means its them saying what you wrote or recorded. And they are not obligated to post anything you say if they donte want to, because there is no Forced Speech law.
@@kuzzbillington6392 Don't think I'm not going to reply to this... I can see your buzz kill name... I am just tired of your socialist movement and explaining to people your warped thinking... but you're going to get an education... i've been through this one! You are obviously somebody who's been deeply indoctrinated!
The federal reserve isn’t a corporation Bill. He genuinely doesn’t know what he’s talking about.
I'm 50% sure that's sarcasm, but in case it isn't: He was alluding to how, while isn't a duck, it sure quacks like one
For an institution to be that powerful in the economic world, you can’t tell me there aren’t elite private stockholders. It’s a private central bank trying to act federal.
It sure as shit isn't Federal.
Nah, risk really isn’t the determining factor in loan rates, maybe a quarter to half a percent.
Also, interest rates are higher for Black & Brown people. It's been proven many times. Me and a white friend that makes the same amount of money as me and we both have great credit.
I know alot of white people shafted on interest rates too, not sure how racist some places can be but I know for fact they will fck anyone they can lol
"Racism against white people isn't the same as racism against people of color."
Reminds me of that one Austrian guy that immigrated to Germany 🤔
He's a kid... college is a liberal playground!
Lol and yet being pro banks, pro corporations and their greedy, soulless messed up tactics in order to obtain as much profits as possible, is a very common conservative mindset. "Doesn't matter if it's immoral, as long as it's legal"
Yeah because you guys are so dumb 😂
He's not " one of the good ones", lol he's one of the weak ones.
Say it again