- 1 min
Where Do Banks Get the Money When They Give You a Loan?
From Danielle DiMartino Booth Quill Intelligence with Professor Richard Werner explaining: "Where Do Banks Get the Money When They Give You a Loan?" (in 5 minutes or less) "Is it from deposits...or is it from excess reserves at the central bank...or is it just created out of nothing, out of thin air, invented?" Short Version: They book the loan as an asset and create a customer claim on the bank (aka a bank deposit) into your account as liability. Not exactly how Jimmy Stewar
- 1 min
Bronx Population Growth
Borough of The Bronx was on its way to return to its 1970 post-war high population of 1.47 million, but recent estimates are showing that Covid-19 may have reversed that growth. Fun Fact: The Bronx has 1.4 million people but only 2 movie theaters. Paul Mangione Fort Schuyler Advisors www.ftschuyler.com #bronx #bronxrealestate #nyc #nycrealestate #population #nycpopulation #demographics #nycdemographics #movies #movie #movietheaters #movietheater #business #innovation #covid19