I once watched a really nice video that explained the fractional reserve banking system with a simple cartoon. It really changed the way I thought about money and our banking system. I’ll post the first part here and I recommend you watch the remaining videos. It is a 5 part series. You can find the rest of the videos by searching “money as debt” on Youtube. You can also order them online at MoneyasDebt.net. I have to admit that it gets a little ‘conspiracy theory’ like at the end, but what great independent production doesn’t?
[youtube rC720Cl3N-0]
If you didn’t get a chance to see all of the blog swap posts that we also participated in, here is the list.
Narrow Bridge wrote about my journey to become a DJ at Beating Broke.
Beating Broke wrote about shoe shopping at Narrow Bridge.
Barbara Friedberg got a really nice couch and shared the experience at Wealth Informatics.
Suba doesn’t think the rent is too damn high, in fact, Suba thinks it is worth it and shares at Barbara Friedberg Personal Finance.
Mr. and Mrs. BP spent a lot when they got a dog. Read about it at 101 Centavos.
101 Centavos went nuts on an anniversary, but you know what that can get you… Read about it at Broke Professionals.
My post at Bucksome Boomer is I Spent How Much?! My Birthday Trip to the Bahamas.
Kay Lynn spent her heart out on a new car with all the bells and whistles and you can read about it at Financial Success for Young Adults.
Derek got a sweet new digital camera and tells us about it at My Personal Finance Journey.
Jacob has splurged a couple of times on travel and outdoor gear and has no regrets and shares the experiences at My Life and Finances.
Miss T. likes to splurge on travel. We have something in common. The difference? She wrote about it at Live Real Now.
Jason is a fan of the luxury of vacation. You can read about it at the Prairie EcoThrifter.
Squirrelers went to Europe for three weeks. Totally worth it! Read about it at Money Sanity.
Money Sanity likes good champagne. I can’t judge, I like good Scotch. Read about why at Squirrelers.
Melissa took 10 days and took the trip of a lifetime to visit a friend in China. Read about it at The Saved Quarter.
The Saved Quarter bought a Blendtec blender. Yes, the blender from “will it blend.” The story is at Mom’s Plan. (In case you were wondering, this blender can blend anything. Well, anything but Chuck Norris.)
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101 Centavos says:
February 27, 2011 at 6:14 pm (UTC -4 )
Hi LaTisha, thanks for the link back to the Splurge posts…
Jacob @ My Personal Finance Journey says:
February 27, 2011 at 6:25 pm (UTC -4 )
Thanks for mentioning my article on how I splurged on vacations and outdoor gear!
John says:
April 25, 2012 at 5:48 pm (UTC -4 )
It’s fun thinking about how our banking system works, but ultimately many of us just have to operate within the system we are given – we can’t necessarily understand it all but we know that if we do “action Z” that “action Y” will result.
LaTisha Styles says:
April 25, 2012 at 9:50 pm (UTC -4 )
Very true, we are really all just parts of the system.
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Saturday Recap 3-5 » Financial Success for Young Adults says:
March 22, 2011 at 7:56 pm (UTC -4 )
[...] I once watched a really nice video that explained the fractional reserve banking system with a simple cartoon. It really changed the way I thought about money and our banking system. Continue Reading . [...]