JOE ROGAN: How The Banking System Really WORKS🏦

you could stroll right into the bank tomorrow and you could go I” d like to take out$ 2,000 and they can claim no you can” t have it so when you enter your financial institution and you offer them $100 to open up a monitoring account simply to make it an easy number they they hold $10 and they loan out $90 currently there” s another individual who gets a loan for $90 this individual doesn” t simply hold his $90 he goes and places it in the bank and so the bank holds 10% of that cash and afterwards car loans out 90% of that to someone else that then puts that deposit and after that they take 10% so when you actually look at the impact of it there” s like not virtually as much deposit as all of us think we have in the so essentially if everybody entered into the financial institution or even just a lot of people came into the bank and stated we” d like to withdraw our cash there” s nowhere near adequate money for them to offer you so inherently the entire point is sort of a home of cards

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