How is money generated? Must watch

[LakeFever]

https://m.youtube.com/watch?v=yLZUVsmUwZY

[Lake X Kid]

Lake Fever this video is informing.
Here is my summary of the first 25 minutes of the video.
~~~~~

Central Bank of England’s money supply:

In 1948 the physical cash was 17% in circulation.
In 2022 the coins & paper currency is less than 3%.
(97% of credit/loans as non-physical electronic-money — are similar to today’s crypto currency).

Prior to 1844 private banks (liken to Crypto Currency companies in the 21^st century) created their own bank notes/money.
However, inflation caused politicians to establish the Central Bank of England — as the sole generator of bank notes & coins.

Banks generate loans/credits which is debt. And unregulated excess supplied debt-loans creates’ inflation and/or unpaid defaults as loses on the debt-loans.

[Lake X Kid]

Mark Moss says the Federal Reserve will lose 300 Billion dollars in 2022.

Which means No Fed profits will be given to the government --- US Treasury to spend.

[Lake X Kid]

[Shaun K]

The federal reserve had a 100 yr plan devised at Jekyll Island, it's just a little late

[powerabout]

https://m.youtube.com/watch?v=yLZUVsmUwZY

Pretty good, was long winded but did stich together most things.
Josh Ryan Collin did explain that the bailouts dumped the money in housing and not industry, which is why most western countries are in the bin now as incrased property markets dont make you wealthy, only those that can speculate.
it certainly makes your kids poorer.
Didnt explain the basics of fractional reserver lending and why its needed in an economy.
Skipped internal versus external debt.
Skipped the overnight interbank loaning of paper gold and hence why gold price is 100% manipulated to keep it down
Nixon caused all this....
Yanis Varoufakis explain lots of this in his many youtubes as he was there as Greek finance minister while the EU trashed Greece showing the perfect example of how banks crush the small man.