The Banking System Explained in 14 Minutes

Alux breaks down how banks really work and how they quietly shape the entire economy. Grow like the 1% with the Alux app: https://alux.com/app How Banks Invent Money Legally:    • How Banks Invent Money Legally   We put together a FREE Reading List of the 100 Books that helped us get rich: https://www.alux.com/100books In this alux video we'll answer the following questions: 1. How do banks actually make money from your deposits? 2. What is fractional reserve banking and how does it work? 3. Where does new money in the economy actually come from? 4. What role does the central bank play behind the scenes? 5. How do banks decide who gets a loan and who doesn't? 6. What happens to your money after you deposit it? 7. How do interest rates ripple through the entire economy? 8. What would happen if everyone tried to withdraw their money at once? Tools: Protect yourself online with NordVPN: https://www.nordvpn.com/alux Get a free audiobook when you sign up: https://www.alux.com/freebook Start an online store today: https://www.alux.com/sell Sell an online course: https://try.thinkific.com/f5rt2qpvbfok - Get Rich Playlist:    • Get Rich Playlist - Alux.com   Take Action Playlist:    • TAKE ACTION by Alux.com   All Sunday Motivational Videos:    • Sunday Motivational Videos   Book Club:    • Alux.com's Book Club   - Social Media:   / alux     / alux     / aluxcom   --- Alux.com is the largest community of luxury & fine living enthusiasts in the world. We are the #1 online resource for ranking the most expensive things in the world and frequently referenced in publications such as Forbes, USAToday, Wikipedia and many more, as the GO-TO destination for luxury content! Our website: https://www.alux.com is the largest social network for people who are passionate about LUXURY! Join today! SUBSCRIBE so you never miss another video: https://goo.gl/KPRQT8 -- To see how rich is your favorite celebrity go to: https://www.alux.com/networth/ -- For businesses inquiries we're available at: https://www.alux.com/contact/