Money From NOTHING! | The Canadian Money Printer (How the Government Pays for Pandemic Spending) скачать в хорошем качестве

Money From NOTHING! | The Canadian Money Printer (How the Government Pays for Pandemic Spending)

Money is being created out of thin air, and it affects every single Canadian. In this video, we'll break down exactly what's happening so that you can understand how 4-5 Billions Dollars is being created in Canada each week, and what it means for you. --- Become an OFFICIAL MEMBER of the channel:    / @russellmatthews   (or JOIN Button) Start Investing (+$10 Bonus): https://my.wealthsimple.com/app/publi... Buy Cryptocurrencies (+$20 Bonus): https://bitbuy.ca/sign-up?c=TCATMF7MP Join our DISCORD Server to Discuss and Ask Questions:   / discord   Become a FREE subscriber: https://bit.ly/3jcltCp Instagram:   / askrussell   For business or one-on-one investing/real estate agent consulting inquiries, or to work with Russell to purchase or sell property in the Greater Toronto Area, contact via this email address: russell@askrussell.ca Microphone: https://amzn.to/36weYHT Camera: https://amzn.to/2OrTh4U Audio Interface: https://amzn.to/3nKt5Qj Studio Lights: https://amzn.to/34Qa7z4 Headphones: https://amzn.to/30Q9vrF --- 0:00 Intro 1:07 How Do They Pay 2:14 Money From Nothing 5:44 Why are they doing this? 7:23 Inflation 8:20 Rich/Poor Gap Increases 9:51 The Dilemma A new challenger has entered the ring, and their name is the Bank of Canada. This isn’t like the other banks, this is a Central Bank. It doesn’t have the same goals of making tons of money like the other banks do, and people can’t open accounts there. Its main goal is keeping Canada’s financial system strong. The Bank of Canada isn’t paying these banks in “money”, at least in the traditional sense. They’re paying them in a special kind of money, with special rules, that they themselves create just by adding zeros on a computer, called “settlement balances”. For sake of explanation, we’ll refer to these settlement balances as “special money”. But, and here’s the catch, the big banks can’t withdraw the special money and use it as normal money. They have to keep it in that account. But they can use it to loan out money, and borrow money from, the other big banks who have accounts at the bank of Canada. Because of this, Big Banks have a whole bunch of extra money - or as they like to call it, “liquidity”. This extra money amplifies itself, and makes its way into the economy when banks lend out money to people or businesses, most significantly, through the huge amount of mortgages being given out to Canadians. Homebuyers use their mortgage to buy a house, and the seller of that house gets to keep and use the money they’ve made from selling. This is how the government is able to spend the ridiculous amounts of money that it does on the programs and supports many Canadians have come to depend on. And it’s all thanks to the Bank of Canada buying billions of dollars worth of Government Bonds, with special money called Settlement balances, which they created out of thin air. The Bank of Canada’s Quantitative Easing process is what many people believe to be a large part of the reason Canadians have seen a huge housing boom during the pandemic, one of the worst social challenges in our history. So you can probably see the dilemma. Without the creation of this new money, vulnerable Canadians may not have received the support they needed, but at the same time, the very same process might be making it harder and harder to cross the gap between poor, and wealthy. --- End Music Credit: www.bensound.com DISCLAIMER: This video is intended to be used for entertainment purposes only, and is not to be interpreted as advice, financial, investing, legal or otherwise. Any decision or action made by any viewer of this video is entirely at the discretion of that individual. Russell Matthews does not warrant or represent that any information is accurate. This description contains affiliate links, and if you purchase an item, a portion of the sale will go towards supporting the channel, at no additional cost to you.