New video by Evan Carmichael on YouTube
Financial System Explained in 60 Minutes Like You're 5 🚀Grow your YouTube channel with BrandLytics at: https://brandlytics.ai ✎ Get free access to our vault of PDF summaries for every YouTube video here: https://ift.tt/gxnuIqZ ✎ Check out my NEWEST video: https://goo.gl/E0eE6m ✎ The modern financial system can feel like a rigged game where nobody ever taught you the rules, causing the cash in your bank account to lose value every single day to inflation. This video breaks down exactly how the money machine works, moving from the shift to fiat currency in 1971 to the way the Federal Reserve uses interest rates to control the economy. You will learn the incredible history of AP Janini, the legendary founder of Bank of America, who proved that the entire banking system is built on simple human trust, and see how things like fractional reserve banking and credit scores control your regular life. ✎ To stop being a passive passenger and beat this system, you need to understand how ...