Financial System Explained in 60 Minutes Like You're 5
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.
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Evan Carmichael
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Financial System Explained in 60 Minutes Like You're 5
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