The banks no longer have reserve requirements! ??'? WHAT DOES THIS MEAN FOR YOU? ??'^ The Federal Reserve came out with the bombshell announcement and Mike Maloney did an excellent video outlining the insanity of the whole thing. One of the biggest areas of confusion for the average person, is how bank reserves actually work. So in this video I wanted to expand on what Mike outlined, so I guess you could call it "George Gammon Reacts To Mike Maloney!" Also, why would the Federal Reserve eliminate the reserve requirements? What's their motivation?
1. How most people see the banking system (it's wrong).2. How the banking system, and reserves actually work.3. Why would the Federal Reserve eliminate the reserve requirements in the first place?
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and shifted his focus to real estate, where he has remodeled and flipped 40+ properties in and out of the United States. Recently focusing on Medellin, Colombia. He controls a multi million dollar real estate portfolio which focuses on buying distressed properties, remodeling, and selling or renting. Currently, in addition to running his real estate investments, George produces "George Gammon", a YouTube Channel that will help you build and protect wealth through investing, real estate and an extreme dose of the economic RED PILL.