The History of Global Banking: A Broken System?

The video explores the evolution of global banking from its origins with Goldsmiths to modern-day practices. It highlights the role of banks as financial intermediaries and the challenges posed by central banking and debt. The video also discusses the potential for smaller banks to drive economic growth and the importance of maintaining trust in the financial system.

How does the modern banking system create money, according to the text?

What is the relationship between GDP and output as discussed in the text?

In what ways can smaller banks contribute to economic growth?

What are the characteristics of cooperative banks as mentioned in the text?