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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This was originally published on: fkpost.com/documentaries-…
I personally learned through all these videos. No amount of books could teach me what these videos taught me.
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This Part II is for folks who want to me more educated (informed?) about the world of banking and finance. The economy is not an easy concept to grasp, but at least having an understanding can undoubtedly help navigate both testing and opportune times.
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
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.