ECO3311_10AM_10754639
3/9/2013 11:32:13 pm
The money in circulation is always owed to someone but in owing it to one person, the other person has some sort of capital or asset now. This exchange creates a functioning society; so, even though The Fed perpetuates debt, our economic system needs a little bit of debt in order to function. Our country as a whole obviously needs to pay off those trillions of dollars, but our nation's economic system needs personal and business-owned debts to function.
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8/16/2020 10:11:16 pm
Commercial bank issued money is matched dollar for dollar by a debt. In contrast CENTRAL bank money is not.
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ECO3311_10AM_11024211
3/17/2013 06:30:33 am
The video talks about debt and rising inflation, but completely ignores gdp, which has seen steady growth since the 20's.
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ECO3311_10AM_10359883
3/17/2013 11:54:07 am
This video begins by describing how money is created. Only 3% of the US currency actually exists in paper. Money that is in circulation is always owed to someone (it is created out of debt). The money banks loan out can be created out of virtually thin air because there is a demand for it. It goes on to discuss inflation.
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ECO3311_10AM_10368955
3/17/2013 01:28:05 pm
This video explains how bonds work and possibly why our country is in so much debt. It talks about how a majority of money is not tangible, making it easier for Americans to spend because it doesnt hit home with them as much.
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ECO3311_10AM_10367178
3/17/2013 01:32:11 pm
Debt, which typically has a negative stigma, is what inherently drives the U.S. economy’s circulation of money. According to the video, if all debts were to be paid, the current U.S. economy would collapse- this debt in other words creates our nation’s functioning economy. Yet The Fed has the authority to “create new money” basically out of thin-air which is subconsciously absorbed by the public as a tax in the form of inflation. However with this creation of new money the purchasing power of the U.S. dollar is devalued increasingly as more money comes into circulation.
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ECO3311_10AM_10347983
3/17/2013 01:38:32 pm
One of the comments above states that the video didn't talk about the impact the Fed has on GDP and that is ridiculous to me. When they create inflation, or lower it for that matter, with creating new money, it directly impacts the US GDP.
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ECO3311_10AM_R10397973
3/17/2013 02:01:07 pm
Money=debt. Every dollar that people have is owed to someone by someone. Inflation is a secret tax by the government. Money has inflated by 96% in 94 years. As more money is created, more debt is also created. Only 3% of money is physical currency and the rest is digital.
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ECO3311_10AM_R10041962
3/17/2013 02:35:48 pm
This video is an eye opening experience for those that do not fully understand how the monetary system works in our country. Essentially, our entire currency is nothing put passing debt. This is why solving the debt issues of our country are so difficult and complex. A mere 3% of our currency is paper money, and the value of the dollar has degraded by 96% in 94 years, that is insane to think about.
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ECO3311_10AM_R10753383
3/17/2013 03:16:16 pm
i personally think it is absurd the way our economy was built and has grown. cool we are a superpower, but money is debt and debt is money? this to me is just completely absurd
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ECO311_10AM_R10368938
3/17/2013 03:18:20 pm
This video explains how the monetary system works. It gives an example of how the money supply is expanded. Banks accept promissory notes in exchange for credits. If there is a demand for the loan then the bank is able to give it to the customer. For every deposits that occurs about 9 times that amount can be created out of thin air. This explanation allows for people like me to realize what is going on in the monetary world.
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ECO3311_10AM_R10384246
3/17/2013 11:42:06 pm
This video explains how the Federal Reserve and the monetary system are running our countries economy. The way the video talks about debt is eye opening for Americans. The economy is running on debt, without it, we would not have an economy. It is sad that that is what our economy has come to.
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ECO3311_10am_R10350543
3/18/2013 01:13:35 am
The video basically explains how a little bit of debt is necessary for a successful economy. I would be interested to find out if they could put a number on the amount of debt that is healthy for an economy.
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ECO3311_10AM_R10353584
3/18/2013 01:19:07 am
It's interesting to me that our monetary system in our country runs the way it does. It's weird to think that our economy is basically running on debt. Thus it makes sense why our debt problem is so complex and hard to fix. Only 3% of our currency is paper money
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ECO3311_10AM_R10401826
3/18/2013 02:05:35 am
This video explains the complicated process of the money creation process. It is interesting to think that there is a lot of information the general public does not know about the money creation process.
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ECO3311_10AM_R10398433
3/18/2013 02:40:48 am
It is interesting to me how money = debt. Before watched this video, I think the Fed and U.S. government create money to pay off the debt. But in reality, the money is created by debt. In other words, without debt, the whole U.S. economy is going to collapse. However I am wondering that are there any certain standards for the debt to measure the health of our economy.
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Econ3311_10AM_R10359215
3/18/2013 03:23:58 am
The video begins by explaining how the fed creates the money and how only 3% of all money is physical, the rest is in computers alone. It explains how government bonds are made out of debt, and 10% of deposits go into reserves. Thus the rest of the deposit is loaned out and repeated over and over again. Therefore for ever deposit occurred in the banking system about 9 times that amount is made out of thin air. This blows my mind of how much debt is created with just one deposit, our economy basically survives off of debt.
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ECO3311_10AM_10416074
3/18/2013 04:20:42 am
Only 3% of money being physical. That means that there is an overwhelming amount of electronic money. In my opinion, in the future, physical currency will cease to exist. Everything will eventually be done through computers. The penny is worth close to nothing at this point in time. It costs more to create the penny than the penny is actually worth. This video claims that United States currency has devalued about 1% each year since the Fed was created. Things are only going to get worse. So much debt is created by the government alone. The United States needs to make adjustments to our monetary process.
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ECO3311_10AM_01949911
3/18/2013 04:51:35 am
This video breaks down the process of our monetary system and the opperations that are federal reserve takes. The dollar continues to decrease in value within the United States as we continue to print more and more money. Our debt that we hold is eventually going to catch up to and really take a negative effect on the nation if we do not get our spending under control and quit printing money at a rediculous speed.
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ECO3311_10AM_10308474
3/18/2013 08:30:49 am
This video talks about America's monetary system, focusing on the Fed and the Government. It also talks about the creation of money through debt, and the process of creating the monetary supply out of thin air. Very interesting.
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ECO3311_10AM_10348227
3/18/2013 09:24:31 am
This video talks about the Federal Reserve and the monetary system. The U.S. is basically running on debt, and it is explained in the video why we need a little debt to be successful. It is really eye opening to realize that only 3% of money is actual cash.
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ECO3311_10AM_01962677
3/18/2013 11:54:12 am
This video is explaining how money creation is made possible through fractional-reserve banking. It’s crazy to think that only 3% of money is physical and 97% is digital. This is due to because banks keep only a fraction of deposits as reserves, extra reserves can be used to back up and create additional money that did not exist before hand. Fractional Reserve Banking plays such a key role in our government because it heavily relies on the money creation process when conducting monetary policy.
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ECO3311_10AM_10486537
3/18/2013 12:30:12 pm
The video talks about how new money is created: from debt and thin air. It also talks about how inflation works and how the government controls inflation.
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ECO_3311_10AM_10376927
3/18/2013 12:44:47 pm
The video talked about Federal Reserve and the debt that is running the U.S. economy. The U.S. is basically running on debt and just creating money through fraction reserve banking. It is crazy to think only 3% of the money is physical in the system at a time.
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ECO3311_10AM_10388981
3/18/2013 12:53:52 pm
This video explains the Federal Reserve System and how we create money with debt and thin air. It is interesting to see that our country is basically running off of debt. The video also discusses how only 3% of money is tangible and the effect of bonds.
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Eco3311_10AM_10331075
3/18/2013 01:06:36 pm
This video talks about how paper is made. I like money and appreciate it uses, what I don't understand is how the government is willing to create money simply on a whim of what it wants. I believe our dollars are more valuable when they are backed by gold or silver. While the dollars are backed up by our government our economy would be significantly more stable if there was actual financial backing other than the words of our government.
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ECO3311_10AM_10317765
3/18/2013 01:33:57 pm
This video talks about debt and how new money is created from it. It talks about how money was handled before the Federal Reserve Bank came to exist. Money is debt and debt is money. It's is crazy to think that only 3% of money is physical while 97% is digital.
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ECO3311_10AM_10363467
3/18/2013 01:43:09 pm
This video talks about the money system the US is using. It states that money is equal to debt, which means that money is always owed to someone no matter what. Only 3 percent of money in the United States is actually
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ECO3311_10AM_10476435
3/18/2013 01:54:09 pm
The video discusses the money exchange between the government and the Federal Reserve. To increase the money supply the fed buys bonds and to decrease money supply the fed sales bonds. Only 3% of money is in actual paper and the other 97% is in a computer.
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Darcia J. Cuellar
3/18/2013 02:26:19 pm
In modern money mechanics, it describes its objective as a basic process of money creation in a fractional reserve banking system. The U.S. needs money so they swap government bonds for federal reserve notes with the Federal Reserve. Thus, money being equivalent to debt, 3% is actual paper and the remainder is in a computer. Our country is digging it's own debt basically.
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ECO3311_10AM_10461857
3/18/2013 02:28:11 pm
In modern money mechanics, it describes its objective as a basic process of money creation in a fractional reserve banking system. The U.S. needs money so they swap government bonds for federal reserve notes with the Federal Reserve. Thus, money being equivalent to debt, 3% is actual paper and the remainder is in a computer. Our country is digging it's own debt basically.
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ECO3311_10AM_10357422
3/18/2013 02:53:04 pm
This video talks about the Federal Reserve and the monetary system. It shows us that only 3% of money is actual paper and the rest is in a computer. This video also puts into perspective the US dept and how our economy deals with it.
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10457422
3/18/2013 02:54:27 pm
I wrote the wrong R#. It is suppose to be 10457422
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ECO3311_10AM_10403052
3/19/2013 12:19:01 pm
The video talks about how money is created out of debt and creates this paradox as money is going into the economy. This is why we can't just 'create' our money to get us out of debt.
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ECO3311_10AM_10305499
3/19/2013 12:49:12 pm
the video talks about how debt is necessary in the process to create money, and how most of the so called money today is basically made up and in computer systems.
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ECO3311_10AM_10497190
3/19/2013 03:05:17 pm
The video is talking about how money is created without any backing. Its talking about how the game is played when we create money out of thin air saying we will pay it back knowing we can not.
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ECO3311_10AM_10362519
3/20/2013 12:26:56 am
This video was very interesting and informative about something I have never really heard brought up before in this way. In the simplest way, it basically describes how money is created relative to economic debt. Debt in the economy is compulsory for money to be created, but then again, money cannot just be produced to get us out of debt.
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ECO3311_10AM_R10359871
3/20/2013 01:10:51 am
This was a very interesting video about money creation in a fractional reserve banking system. It shows how money is basically created out of nothing which is why they say its debt.
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ECO3311_10AM_R10426000
3/20/2013 02:05:13 am
This video is talking about how money is created. Money is simply created without any backing. This becomes a debt that will be difficult if not impossible to pay off in the future.
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eco3311_10am_roo854069
3/20/2013 09:51:53 am
This video discusses the creation of money and how it impacts the nation. The way the fed controls the supply is funny because they have been putting limits and controls in place to regulate the economy. Yet if they havent been regulating the economy who knows how thr economy would be working today.
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ECO3311_10AM_R10349355
3/20/2013 12:00:19 pm
This video mainly talks about how money is created, and thus the more money that is created the more debt we as a nation acquire. It was amazing to me that only 3% of the money is actually physical paper, and the rest is digital. The federal government puts an immense amount of control on our economy and that they produce the money, but even though they control it, they can't just produce more money to get us out of debt.
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ECO3311_10AM_R10362171
3/20/2013 12:14:52 pm
This video mainly talks about rising inflation and debt that has been created in this nation as a whole. The debt that our nation is facing will sadly be tough to come out of later on in the future.
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ECO3311_10AM_R1034892
3/24/2013 09:34:22 am
The main point of this video is to talk about how money is created. When money is made, it also creates debt, because the money is not coming from anywhere, but instead simply being created.
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ECO3311_10AM_R10431405
3/25/2013 05:29:55 am
This is a very interesting video about our monetary policies and what is a major factor that continues to put the U.S. further into debt. The video discusses the fact that when money is created it is not backed by anything such as gold or silver. This causes inflation and it also causes the value of the U.S. dollar to drop.
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ECO3311_10AM_R10361503
3/25/2013 10:03:50 am
This video talks about the monetary system and how money is created. It also talks about debt, which is necessary to create money. Our economy would collapse without debt. I was very surprised to learn that only 3% of money is actually tangible.
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11/19/2014 08:05:19 pm
good sharing you putting up.nice video for banking Epic Research also put daily all Indian market view.
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