Banking Explained – Money and Credit

Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives? Support us on Patreon so we can make more videos (and get cool stuff in return): https://www.patreon.com/Kurzgesagt?ty=h Steady: https://steadyhq.com/de/kurzgesagt Merchandise:  https://shop.kurzgesagt.org Newsletter: http://eepurl.com/cRUQxz Facebook: http://bit.ly/1NB6U5O Twitter: http://bit.ly/2DDeT83 Instagram: http://bit.ly/2DEN7r3 Discord: https://discord.gg/cB7ycdv The Voice of Kurzgesagt: Steve Taylor: http://voice-pool.com/en/english/ The music from the video is available here! http://epicmountainmusic.bandcamp.com/track/banking http://soundcloud.com/epicmountain/banking http://www.epic-mountain.com Help us caption & translate this video! http://www.youtube.com/timedtext_cs_panel?c=UCsXVk37bltHxD1rDPwtNM8Q&tab=2