How Banks ACTUALLY Work
Add me on Instagram: GPStephan
PROMOTIONAL OFFER: Get Up To 12 FREE STOCKS when you sign up and make a deposit using my paid affiliate link for WeBull:
GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER:
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: – $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
For business inquiries, you can reach me at grahamstephanbusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice.
I’m a 13 year old who wants to earn money what should I do?
it’s different everywhere and based on people but maybe asking to do easier tasks for some money is a start
But a lawnmower and start knocking on doors.
What’s your location? Are you trying to make money by yourself or would you have someone with you? Do you have access to a vehicle that someone can drive you around in?
@ALMMFI live in Ca I have a e-bike it’s getting fixed tho and yes I’m tryna make money by myself
Sell coke
Its a ponzi scheme
Everyone pull all your money on Oct 31st! lol
Jokes on you. I ain’t got no money to get 😂
@tomaslekkasand no EBT anymore 😂
Lol
AML/KYC headache here we come!
sounds like a ponzi scheme with extra steps
How? You can still take all your money out. They’re just praying you don’t. And typically you never need to, so what’s the issue with banks? I’m not a fan of bailing them out for poor investment decisions but people who just hate banks in general typically are flat earth types anyways 😂
Cause it is lmao 🤣 it’s all fake money backed by “the economy” look up how private investment made the American consumer not needed! 😂
The fed actually reduced the reserve requirement to 0% in 2020
Hasn’t that been rolled back ?
That isn’t entirely true. Yes, cash reserves are not a requirement. But banks are still required to have reserves on deposit with the Federal Reserve. That is mostly because the main way people spend money is with checks or their debit/credit card. So it doesn’t make sense to have a ton in cash reserves when you mainly need it on deposit with the Fed to cover checks that customers write.
10% is for AAA home loans, Subprime auto loans might be 20% that is part of the reason the rates are so high on those loans.
Service based cash business. I used to take my neighbors trash to the community dumpster and collect recycling from my local tourist area. The recycling center was next door to the local food market.
He litterly described a ponzi scheme
Banks the only permitted Ponzi scheme just remember how many times they’ve already failed
You think that with all the loan interest that banks make at some point they can make the amount customers have.
A pyramid scheme
Banks are evil and unnecessary that forced their way into daily life.
They aren’t required to keep a majority of funds saved up but god forbid you go beneath a threshold for even a second and get hit with massive fees
One could argue that if banks are evil and unnecessary then people wouldn’t use them. Yes, I do work in banking. But it isn’t as cut and dry as you are making it seem. Some banks treat their customers like scum. But most banks are just trying to do right by their customers and still make a tiddy profit.