Thanks for watching! Sorry for a bit delay 😅 A quick reminder: all my videos have subtitles if you want to read along. If you enjoyed the video, please like, comment, and share with your friends so more people can learn. Don’t forget to subscribe for more content! I’d also love to hear your thoughts, ideas, and suggestions-feel free to share them here! Thanks once more for your support!
I was skeptical when I clicked this video. But, I was pleasantly surprised that it was to the point and factual. Keep up the good work. We really need youtubers with integrity coming forward and spreading the truth about the global monetary system.
@aloksrivastava7938 Thank you for your kind words and support! But, I'm really curious about why you felt skeptical when you clicked my video? If you're okay with sharing, then don't be hesitate to tell me for the better Explains 101 😊
@@Explains101 I was skeptical because many youtubers use serious subject matters like this one as clickbait. But, when you watch the video, they dish out information which is in total opposite direction of the subject matter they were supposed to provide. They make long lengthy videos filled with highly contradictory information while testing viewers patience, and at the end of the video, they give you a conclusion which doesn't make any logical sense at all--Much like a badly written work of fiction. Serious matters should not be treated like a work of fiction.
I'm glad that you understood my video! My channel's goal is to explain economy and finance to everyone, especially for them who don't come from financial related field 😊 Welcome to Explains 101, and stay tuned for more videos 😊
Fiat money is money that isnt backed to any commodity like gold instead its value is based on trust that it's worth something Petro dollar was an agreement by the US and major oil producing countries like Saudi Arabia, UAE e.t.c to sell their oil in USD.This move was to make sure the US dollar was the reserve currency(a currency that is accepted all over the world for trade between countries or general transactions) The thought behind it was that all nations require oil for energy and that would drive the demand for the USD making it stable and reliable as a reserve currency By the USD being the reserve currency the US gets to print money to get imports from any country but must be careful to prevent inflation.No other country has this ability and therefore the US will always and always try to protect the USD status as the reserve currency.
Years of confusion and answered in just 13 minutes while also introducing a whole new set of confusions. At least they are high level confusions though. Thanks.
i watched more then 30 hours of videos to understand the topic but bro said it was a waste of time just watch this one , pls keep the work going .....kudos to u sir
please make more videos , your information is really quick and simple to understand. Im a visual learner so thats why your youtube channel really help ppl a lot. thank you
This channel is actually good at explaining things in a basic and simple way. You have a great gift my friend! Continue doing this your channel will grow in no time. 🎉
Honestly your the goat. Found you on Instagram and I am interested in studying economics and finance for my future, so I decided to check out your channel. You the goat, pls keep making high quality videos.
Thank you so much for coming from Instagram to my TH-cam channel! 😊 Really appreciate that, and I'm very glad that you enjoyed my videos! Also, stay tuned for more videos 😊
I am a science student and I didn’t have any class at all in economics/business subjects or sth like that Recently I started a bank account and I’ve always wondered how a bank works, and the exchange rates of currencies, I’d like to thank you for answering my questions through simple explanations and visualisations Keep up the good work! :)
Guys pay your respect to this man who gave his time to do an animation with good exploitation to this video so we understand it in maximum 20 mins instead of hours or day or weeks or even months. The animation is very good and very good understanding. This dude is so underrated guys literally help this man out like his helping us. Keep up the good work bro❤.
Then, people who already had several money in their bank won't work because their money's value already increased. And if people dont work, the economy will crush.
I had Economics as an extra subject in my final years of High School, when I first learnt about Fiat money among other things. Back then I always used to wonder why countries had the need to devalue their own currency, but I could never understand it. I hated economics so much since then that I went into tech for my college years. It is only now that I'm finally at peace knowing why they do it and why values aren't as important. Amazing video, including all the hilarious country balls. Great work!
This is SUCH a GOOD video. Im an Econ major myself but studying all this in uni has been so LONG WINDED. Conversely you taught all of these concepts so smoothly, kudos bro. Subscribed and liked!
I can't believe a 13 minute video teaches more than any public school would. If I ever need someone else to understand this stuff, this video will be the first thing I recommend. Thanks man!
This video is really helpful. By the way, I hate the fact that today 1 dollar is 15 Ghanaian cedis and tomorrow it becomes 16 cedis and everything, especially computers is so expensive now.
@user-sam4465 Kind of annoying when our currencies are weaker than U.S.D. that makes all imported products feel expensive... But weaker currency does not always mean bad as developed countries like South Korea and Japan also have weak currency. Btw, thank you for your comment! 😄
I don't know why but the whole images and their conversation are just trolling different countries' economy. Lol, i laughed my ass off by reading those conversations 🤣🤣🤣. Thanks, mate!
Thank you! If you like my video, you can help me by sharing this video to your friends and family, so more people can learn and I can grow too. Thank you :)
Just wonder when you hit millions of subscriber ... such a enormous potential you have bro ...🎉 Thinking of investing in your channel on interest rate ... just kiddin bro 😂😂
Ooh wow!😮 For the first time in a long while somebody like me who doesn't like mathematics is close to understanding how this money stuffs work. Thank you.
I have a question. Let’s say I’m the dictator of Examplestan and I want to become rich. I know that printing trillions of Examplestani dollars will cause hyperinflation, so first I peg the Examplestani dollar 1-to-1 with the US Dollar. Then, I print 1 trillion Examplestani dollars and trade them for 1 trillion USD. Who would be able to stop me?
Yes, nobody will accept your Examplestani dollar even when you peg it 1 U.S. Dollar = 100 Examplestani Dollar. I mean you can see like nobody wants Venezuelan Bolivar even after the Venezuelan government redominated the currency
Also if I'm not wrong pegging a currency to another is not as simple as a statement. You need to have reserves to back it up where if your currency falls you need to buy it back to lower the supply and bring the price back up. So having well managed reserves (and large enough reserves) is key. Some back it up with gold, others with oil, etc.
If you print more money after pegging 1 to 1, the prices of products in your country will follow. A water bottle costing $1 will be $5 or $10 depending on how much more money you print. People in your country don't see any benefits from that.
I understood the topics covered before I watched it, but the sad part (for me) is, I needed 5 years of ecomomics collage to fully understand things this guy so simply explained in 12 minutes.
Thank you for your kind words! You can help me by sharing this video to your friends and family so more people can learn and I can also grow too, thank you :)
Bro ur explanation is dope, y dont u start a series on economics, like teaching every major concepts effortlessly.... Make a video on FRACTIONAL RESERVE , its impacts good or bad nd y many consider it scam u know whom i talking abt 😅
Brother.. the combination of AI voice I usually watch on some TikTok Minecraft parkour with the gold mine of information is just perfect!! Keep going 💪. Subscribed!
"when Greece had an economic crisis in 2009"... As if it ever ended... Anyhow the video is great, you explained it so well I could understand you despite having a headache!
Thanks for watching! Sorry for a bit delay 😅
A quick reminder: all my videos have subtitles if you want to read along. If you enjoyed the video, please like, comment, and share with your friends so more people can learn. Don’t forget to subscribe for more content!
I’d also love to hear your thoughts, ideas, and suggestions-feel free to share them here!
Thanks once more for your support!
Thatnks to you for this content
@@zenddarksonThank you also for watching my video 😆
I was skeptical when I clicked this video. But, I was pleasantly surprised that it was to the point and factual. Keep up the good work. We really need youtubers with integrity coming forward and spreading the truth about the global monetary system.
@aloksrivastava7938 Thank you for your kind words and support! But, I'm really curious about why you felt skeptical when you clicked my video? If you're okay with sharing, then don't be hesitate to tell me for the better Explains 101 😊
@@Explains101 I was skeptical because many youtubers use serious subject matters like this one as clickbait. But, when you watch the video, they dish out information which is in total opposite direction of the subject matter they were supposed to provide. They make long lengthy videos filled with highly contradictory information while testing viewers patience, and at the end of the video, they give you a conclusion which doesn't make any logical sense at all--Much like a badly written work of fiction. Serious matters should not be treated like a work of fiction.
Years of confusion and answered in just 13 minutes. Thank you.
I'm really glad that you understood my video! Thank you 😊
He only needed the last 2 minutes, but hey, videos under 10 minutes rarely get recommended.
2x speed is real
Bro explained economics to a science student. Goat channel
Btw please explain FIAT MONEY and PETRO DOLLAR too
I'm glad that you understood my video! My channel's goal is to explain economy and finance to everyone, especially for them who don't come from financial related field 😊
Welcome to Explains 101, and stay tuned for more videos 😊
Fiat money is money that isnt backed to any commodity like gold instead its value is based on trust that it's worth something
Petro dollar was an agreement by the US and major oil producing countries like Saudi Arabia, UAE e.t.c to sell their oil in USD.This move was to make sure the US dollar was the reserve currency(a currency that is accepted all over the world for trade between countries or general transactions)
The thought behind it was that all nations require oil for energy and that would drive the demand for the USD making it stable and reliable as a reserve currency
By the USD being the reserve currency the US gets to print money to get imports from any country but must be careful to prevent inflation.No other country has this ability and therefore the US will always and always try to protect the USD status as the reserve currency.
@@wiredWhiz27"... _No other country has this ability_ ..."
We will see about that...
@@EchezonaDibia Nice one 😂
Fr
Thank you TH-cam for recommending me this masterpiece.
Finally TH-cam is on my side 😄
Years of confusion and answered in just 13 minutes while also introducing a whole new set of confusions. At least they are high level confusions though.
Thanks.
😂
@1:58 Yes, please do make a video about it
Noted! I will make it in the future! Stay tuned 😊
Subscribed and notification turned on @@Explains101
BEST economics teacher🎉🎉
Thank you 😊 I will explain more in the future, stay tuned
@@Explains101 bro you will have 1 million subs in more time thanks for the video
This is so cute and sooo informative and funny I absolutely adore it thank you so much. Very beautiful video, pls male more❤
Bro explained perfectly in 13 minutes what took me about 1 year to learn from different sources :D Keep it up
I'm really happy that I can make you understand this topic easily!!! This time, I knew my video style is suitable for most people 😊 Thank you
i watched more then 30 hours of videos to understand the topic but bro said it was a waste of time just watch this one , pls keep the work going .....kudos to u sir
please make more videos , your information is really quick and simple to understand. Im a visual learner so thats why your youtube channel really help ppl a lot. thank you
Sorry to break it to you but visual learners don't exist meaning that there's no specific learning styles you specialise in.
Thank you for your support!!! I'm glad that you enjoyed my videos 😊
Stay tuned because more videos are on their way 😆
This channel is actually good at explaining things in a basic and simple way. You have a great gift my friend! Continue doing this your channel will grow in no time. 🎉
Honestly your the goat. Found you on Instagram and I am interested in studying economics and finance for my future, so I decided to check out your channel. You the goat, pls keep making high quality videos.
Thank you so much for coming from Instagram to my TH-cam channel! 😊 Really appreciate that, and I'm very glad that you enjoyed my videos! Also, stay tuned for more videos 😊
I am a science student and I didn’t have any class at all in economics/business subjects or sth like that
Recently I started a bank account and I’ve always wondered how a bank works, and the exchange rates of currencies, I’d like to thank you for answering my questions through simple explanations and visualisations
Keep up the good work! :)
6:48 he actually added the meme😂
The most expensive good afternoon😂
When you get famous remember me, I have been there since you were at 330 subscribers
And when your fantasy becomes your legacy
Promise me a place
No intro no sponsor complete use of time you earned a subscriber
Bro you are the best, thanks for the free education i got from u!
No problem! I'm glad that you understood my video 😊 Stay tuned for more videos 😆
This video was enough to get me to subscribe
Thank you very much!!! 😊
Same here. Awesome video.
bro your quality content deserves more subscribers
Thanks
Thank you very much for your donation!!! 😆 Stay tuned for more videos 😁
You're a way better economics teacher than my friend economic university, great job!
Thank you for your kind words! Yes, most professors explain things with tonnes of terms and hard-to-understand language that make people confused...
Guys pay your respect to this man who gave his time to do an animation with good exploitation to this video so we understand it in maximum 20 mins instead of hours or day or weeks or even months. The animation is very good and very good understanding. This dude is so underrated guys literally help this man out like his helping us. Keep up the good work bro❤.
This man? It’s a bot
Thanks dude. Please make as many videos as possible.
This is surely the best channel on TH-cam. Pls we need more videos 🙏
You're going to reach 1 million subs!!!!!!!!
why can't we just stop printing money to increase its value?
Then, people who already had several money in their bank won't work because their money's value already increased. And if people dont work, the economy will crush.
Debt and taxes going up
That's how governments finance itself, wars and all the free stuff
Search up "Weimar Republic" and you'll see why
There won't be circulation of currency and eventually your economy comes to a halt
Your ability to make such a complex topic so easy to understand is commendable and your examples are extremely helpful too!!!
This is very simple than whole book of economics
It’s more clearer to me now. Thank you!
Thanks!
Thank you very much for the super thanks!!! 😊🙏
I had Economics as an extra subject in my final years of High School, when I first learnt about Fiat money among other things. Back then I always used to wonder why countries had the need to devalue their own currency, but I could never understand it. I hated economics so much since then that I went into tech for my college years. It is only now that I'm finally at peace knowing why they do it and why values aren't as important. Amazing video, including all the hilarious country balls. Great work!
This is SUCH a GOOD video. Im an Econ major myself but studying all this in uni has been so LONG WINDED. Conversely you taught all of these concepts so smoothly, kudos bro. Subscribed and liked!
I usually hate Ai generated voice yet the content quality of this channel is top tier,
these are the questions everyone thinks they have the answer to yet they cant answer it
It just popped up in my fyp and now I'm hooked!!
I learned better economics here than school
Elegantly simplified and expressed. 👍🏻
I can't believe a 13 minute video teaches more than any public school would. If I ever need someone else to understand this stuff, this video will be the first thing I recommend. Thanks man!
Thank you so much.
Want video about
Fiat money and Petro dollar
Got it! I will make them later, stay tuned 😊
Your the best economics channel on TH-cam. Make videos on all the questions you asked us , we'd love it
Dude, this is such an entertaining and educational video.
Man i understand evrithing because he explainet as simple as possible excellent Channel i love it
This video is really helpful. By the way, I hate the fact that today 1 dollar is 15 Ghanaian cedis and tomorrow it becomes 16 cedis and everything, especially computers is so expensive now.
@user-sam4465 Kind of annoying when our currencies are weaker than U.S.D. that makes all imported products feel expensive... But weaker currency does not always mean bad as developed countries like South Korea and Japan also have weak currency. Btw, thank you for your comment! 😄
Good explanation and quality, thanks
Thank you for your kind words! I'm glad you liked it! More videos to come 😊
I don't know why but the whole images and their conversation are just trolling different countries' economy. Lol, i laughed my ass off by reading those conversations 🤣🤣🤣. Thanks, mate!
damn bro this video deserves a million views thanks mate for the knowledge
I want more know about economic phenomenon, like petrodollar, difference price goods on each country. Its awesome explanation btw 😁👏
When TH-cam teaches you more than school. Big w for this dude
Great vid mate
These types of videos are what make my internet payment worth it. KUDOS!!
wonderful work! please explain Fiat Money, Petrodollar and purposeful currency devaluation as well.
Wow well explained, keep up the good work
You got drowned me into this video with super depth of explanations and animations well.
I would have never guessed you have 4k subs. The video quality is really good. Well explained
Thank you! If you like my video, you can help me by sharing this video to your friends and family, so more people can learn and I can grow too. Thank you :)
super easy and understandable video. great work
I'm really glad that you understood my video! Thank you for your support!
this channel is so good
Great video. It was so insightful and fun.
You're surely the best economic channel on TH-cam. We wants more videos 🙏
thank you so much actually this was explained so well and it answered my questions about this topic. much love ❤️
Thanks for this! Subbed!
You are a seriously genius in explaining things simple.
great video 🤑
Thank you so much for your support! 😆
Amazing 🔥💪🏻
I'm glad to be one of the first 5K subs ..
You're a legend in the making
Thank you for being my early subscribers! We will reach more than this!!! 😊
*Im subscribing to this guy!* It's literally straightforward explanation with a humour touch!!*
The best video ive seen this year very easy explanation. I just want a video explaining why do ppl say bitcoin should be global currency
Bro explained economy to a youngster. Goat channel. Btw pls make the vids that you said youd make in the vid.
great vid subbed
Very insightful
Very basic and nice I shared this with my cousin
Bro how u have so few subs? Your explanation was so ez that i understood something i didnt understand watching millions of vids. Thx
Just discovered your channel. Subscribed!
For a new channel, this is high quality information - from someone that understands this. Great job.
Just wonder when you hit millions of subscriber ...
such a enormous potential you have bro ...🎉
Thinking of investing in your channel on interest rate ...
just kiddin bro 😂😂
Absolute hidden and undiscovered gem, wish the most success to you and thank you!
If I were a teacher, I will just play this video to my students. But I am not a teacher. Nice explanation, you got a new subscriber here!
Ooh wow!😮 For the first time in a long while somebody like me who doesn't like mathematics is close to understanding how this money stuffs work. Thank you.
I have a question. Let’s say I’m the dictator of Examplestan and I want to become rich. I know that printing trillions of Examplestani dollars will cause hyperinflation, so first I peg the Examplestani dollar 1-to-1 with the US Dollar. Then, I print 1 trillion Examplestani dollars and trade them for 1 trillion USD. Who would be able to stop me?
The problem is nobody will buy the examplestani because there is no demand
Yes, nobody will accept your Examplestani dollar even when you peg it 1 U.S. Dollar = 100 Examplestani Dollar.
I mean you can see like nobody wants Venezuelan Bolivar even after the Venezuelan government redominated the currency
Also if I'm not wrong pegging a currency to another is not as simple as a statement. You need to have reserves to back it up where if your currency falls you need to buy it back to lower the supply and bring the price back up. So having well managed reserves (and large enough reserves) is key. Some back it up with gold, others with oil, etc.
If you print more money after pegging 1 to 1, the prices of products in your country will follow. A water bottle costing $1 will be $5 or $10 depending on how much more money you print. People in your country don't see any benefits from that.
@@Explains101what creates the demand for a specific currency?
I understood the topics covered before I watched it, but the sad part (for me) is, I needed 5 years of ecomomics collage to fully understand things this guy so simply explained in 12 minutes.
Your videos are very informative they should go viral please remember me when you reach 1 million subscribers
@MdRanim-u8t Thank you so much! 😊 I will remember my subscribers, especially who supported me during my early journey 😄
Please keep doing what you are doing
Im learning so much about money through your chann
Highly educative
Keep it up❤🎉
9:35 yes please
Noted! I will make video about Petrodollar in the future! Stay tuned 😊
really enjoy your video
Thank you so much! I'm glad that you enjoyed it 😆
This channel deserve more recognition istg
Thank you for your kind words! You can help me by sharing this video to your friends and family so more people can learn and I can also grow too, thank you :)
Bro ur explanation is dope, y dont u start a series on economics, like teaching every major concepts effortlessly.... Make a video on FRACTIONAL RESERVE , its impacts good or bad nd y many consider it scam u know whom i talking abt 😅
your videos are hella informative , keep em coming
Wow! That was a brilliant explanation. Loved it. Instant sub and like.
I‘m glad to be one of the first 10k Subscribers! Please make more like this! I would love to see how currency devaluation really works!
Please make more videos please 🙌🏻 They give me insight of finances that are helpful for my college
I'm happy that my videos can help many people! Of course, I'll keep making new videos! So, thanks for watching, and stay tuned 😉
Thanks for this informativ videos
thank you so much!! you just explained all ive been learning in scl in so less time!!!
Best subscription i have ever done! Very nice video. Easy to understand
Literally the best explanation
Kudos to the channel 🎉🎉
Brother.. the combination of AI voice I usually watch on some TikTok Minecraft parkour with the gold mine of information is just perfect!! Keep going 💪. Subscribed!
great video!!
Thank you for watching! Stay tuned for more 😊
"when Greece had an economic crisis in 2009"... As if it ever ended...
Anyhow the video is great, you explained it so well I could understand you despite having a headache!
This channel need more views and subs ❤
Alternate History Hub's new channel looking hella clean
you video are good. do more videos in this way of explaining.