If you want to better educate yourself on banking, money, economics, and payments, I highly recommend watching the documentaries below. #banking#money payments #economy#economics#cryptcorrency
A 🧵 on the best-related documentaries...
Four Part Series. This is Part I.
97% Owned - Economic Truth documentary - How is Money Created
How The Economic Machine Works by Ray Dalio
FEDERAL RESERVE 100 years of Money for Nothing
Four Horsemen - Feature Documentary - Official Version
What the 1% Don't Want You to Know
Bill Moyers and Economist Paul Krugman explains how the United States is becoming an oligarchy - the very system our founders revolted against.
The book they discuss is Thomas Piketty "Capital in the Twenty First Century".
I will do a separate thread on the best books that I have read for banking, economics, payment, etc.
The Money Masters - History of Central Banking 1996 Documentary
Princes of the Yen: Central Bank Truth Documentary
The Spider's Web: Britain's Second Empire (Documentary)
Money, Banking, and the Federal Reserve
Century of Enslavement - The History of The Federal Reserve
The Economics of Fractional Reserve Banking | Joseph T. Salerno
The Creature From Jekyll Island | G. Edward Griffin
This one also deserves another mention:
The Creature from Jekyll Island | G. Edward Griffin
Zeitgeist Addendum: The Fractional Reserve Banking
"Collusion: How Central Bankers Rigged the World" | Talks at Google
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I happened to get started in payments & banking, because the technology company that I had founded, went bankrupt. Totally broke. For many years I told people, I decided to move on. That's not the truth. We were as broke as fuck by 2008. By 2010 it was time to packup.
By the time I turned 40 in 2010 (yes, do the math as to how old I am today), I was looking for a place to start anew in. One colleague in @StateBank_Pak gave me the challenge to find an ACH processor (in the US) that would process remittances for #Pakistan.
How hard could that be? Well, it was fucking hard. Every time someone heard the word "Pakistan" the phone went dead, the email communication ceased or I was bluntly told, PK is not a territory they can work with. Fuck that I said. I keep on trying.
Why #Crypto is good for #Pakistan: A certain company in #Pakistan wanted to buy specialized hosting & domains from #Pakistan for US$ 3,000 (pay up for the year in advance) to get a discount.
Their bank demanded a host of paperwork for the SWIFT wire-transfer and then denied the request. Said, person-to-business US Dollar transactions not allowed.
They tried their credit card, only to be continually be rejected due to fraud concerns with the hosting/domain provider in the US.
Regarding this pandemic, everyone is worried about their future, especially from a financial point of view. Here is what I am telling/sharing with everyone I know.
(a) Assume the worst, you're laid off, 50% of more decline in fixed assets, and very limited liquid assets - what is your plan?
(b) Those who are not thinking ahead will be hurting the most.