The Role of Banks Most of what we have been using as money is issued by banks, in the form of credit to businesses and consumers. Banks originate this money after having underwriters rate the creditworthiness and solvency of the business or individual they are lending to. During boom periods, as economic activity grows, borrowers can qualify for larger loans – which expands the money supply. During recessions, especially depressions when people lose their jobs, the money velocity slows as p...| Intercoin
On April 24th, 2020, the Federal Reserve Board announced an interim final rule that removes this six per month limit on convenient transfers. This was in| Best Wallet Hacks
A few days ago in “EXPOSING THE ILLUSION: HOW MODERN ECONOMICS FUELS WEALTH INEQUALITY AND ZOMBIE MARKETS,” I discussed how current economic theories, often used to guide market decisions, are being contradicted by the actual results they produce. Right now, many are puzzled by how the USD, US yields, and...| JustDario
When depositing money in a bank, we usually forget that money you deposit in the bank isn’t ours anymore. We are essentially giving the bank temporary custody of our money in exchange for a promise that they will give us back the same amount (and sometimes more). Over the past decade, I have encountered numerous challenges dealing with banks across various countries, which made me realize that the promise to return your money isn’t always as straightforward as it seems.| erickhun.com
