How Money Works
How Money Works
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Why BlackRock is Building a New Stock Market... In Texas
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#business #finance #texas
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Last week Blackrock (the world's largest asset manager), and Citadel Securities (the world's largest hedge fund) teamed up to make a major announcement that could reshape global financial markets. They were going to team up to create a new wall street… in Texas.
These two companies have the financial muscle to make a “Texas Stock Exchange” viable, but the question is… why? The startup exchange that will be located in Dallas is already taking shots to challenge the dominance of the New York Stock Exchange and the NASDAQ which are both located in New York City and are by far the largest exchanges in America, and also the largest exchanges in the world. Both of these incumbents are private businesses that make money by providing a place where public stocks and other financial instruments can be traded securely.
They make their money by charging companies that want to list on their exchange a one time IPO fee and an ongoing annual fee. The New York Stock Exchange is really not much different to a farmers market where businesses will pay the market organizer for the right to sell their stuff in a place with lots of customers. The only difference is that instead of beets, and artisanal honey, they are selling shares in their company. If the New York Stock Exchange is like a farmers market then the NASDAQ is like ebay, it’s still a marketplace but it’s all done online.
The NYSE is owned by a company called Intercontinental Exchange whos shares you can buy on the New York Stock Exchange so apart from a lot of regulatory paperwork there is nothing too special about these companies. As long as a business gets approval from the Securities and Exchange Commission there is nothing to stop them from establishing their own stock exchange wherever they want.
The reason they both happen to be located in New York City has more to do with legacy than any pragmatic benefits of operating in a state that is actually not particularly business friendly.
The New York Stock Exchange was formed when New York was still a trading center and the NASDAQ set up there in 1971 because at the time the city was the undisputed business capital of America and back then physical proximity was much more important than it is today even though it has always been an electronic exchange.
So why is this new challenger bucking the trend and setting up in Texas?
Well… why not Texas?
So it’s time to learn How Money Works to find out why some of the most powerful financial institutions in the world want to build a new Wall Street in Texas.
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Відео

How Companies Cheated Price Fixing Laws... With Math
Переглядів 251 тис.14 днів тому
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Job Security is Dead... and Nobody Cares
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The American Dream Isn't Dead... You Just Can't Afford It
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Non-Competes Ruined Your Career... Now They Are Banned
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Business "Ethics"
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Why Billionaires Are Desperate To "Live" In Florida
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Why Billionaires Are Refusing To Retire
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WTF Do Think Tanks Actually Do?
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The Spectacular Rise (and Imminent Collapse) of Private Equity
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Have Real Estate Agents Ruined Real Estate?
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Is The IRS Finally Taxing Rich People?... Well Sort Of
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Is The Collapsing Relevance of a College Degree... A Good Thing?
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Why A Real Estate Crash Won't Make Homes Affordable... For You
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The (Overdue) Collapse of the 9-5 Job
Переглядів 2,5 млн3 місяці тому
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The Dumbest Business Idea in History
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The Dumbest Business Idea in History
The Deadly Monetization of Nursing Homes
Переглядів 244 тис.4 місяці тому
The Deadly Monetization of Nursing Homes
Why CEOs Always Fail Upwards
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Why CEOs Always Fail Upwards
WTF Does Private Equity Actually Do?
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WTF Does Private Equity Actually Do?
The Homeless Industrial Complex
Переглядів 858 тис.4 місяці тому
The Homeless Industrial Complex
When Everything's A Crisis... Nothing Is
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When Everything's A Crisis... Nothing Is
What Happens To The Real Estate Market When All The Boomers... Die?
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What Happens To The Real Estate Market When All The Boomers... Die?
Corporate America's Desperate Race To Trademark... Everything
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Corporate America's Desperate Race To Trademark... Everything
Why Everything Is A Scam (Except For Scams)
Переглядів 820 тис.6 місяців тому
Why Everything Is A Scam (Except For Scams)
The Bankruptcy Boom
Переглядів 912 тис.6 місяців тому
The Bankruptcy Boom
If Companies Are Desperate For Workers... Why Can Nobody Find A Job?
Переглядів 1,5 млн6 місяців тому
If Companies Are Desperate For Workers... Why Can Nobody Find A Job?
Why Billionaires Try So Hard To Look "Poor"
Переглядів 1,4 млн6 місяців тому
Why Billionaires Try So Hard To Look "Poor"
The Average American Sees 10,000 Ads A Day - How Does It Still Work?
Переглядів 294 тис.7 місяців тому
The Average American Sees 10,000 Ads A Day - How Does It Still Work?
Can We Afford For Everybody To Be Financially Responsible?
Переглядів 771 тис.7 місяців тому
Can We Afford For Everybody To Be Financially Responsible?
The (Overdue) Collapse Of Short Term Rentals
Переглядів 3 млн7 місяців тому
The (Overdue) Collapse Of Short Term Rentals

КОМЕНТАРІ

  • @user-pj6tn2wg1m
    @user-pj6tn2wg1m 4 години тому

    maybe it's just because the kids in rich family don't have to study hard.

  • @mt.shasta9127
    @mt.shasta9127 5 годин тому

    I’ll tell you what happens, your Boeing plane will fall apart mid air, your prepaid rental car won’t be there, your flight will be delayed, when the Uber driver on crack gets you to the hotel you’ll get the wrong type of room, then the toilet in your room won’t work, then you will be overcharged for your room. At the restaurant the food will be wrong and cold. And on and on it will go….its the end of empire….your on your own.

  • @mt.shasta9127
    @mt.shasta9127 5 годин тому

    America is bad for workers

  • @NS-ms5eg
    @NS-ms5eg 5 годин тому

    Good talking points. A lot of these reasons can be applied to Australia as well.

  • @nobilesnovushomo58
    @nobilesnovushomo58 5 годин тому

    Using Elon Musk on a video for short term gain is just biased of you. The man is anything but short term gain, and refused to let SpaceX be publicly traded, and Tesla’s still run by engineers, who implicitly designed a car they knew people were going to engage the self-drive function (even if not ready) and are dedicated to seeing it come to fruition.

  • @cmyk8964
    @cmyk8964 8 годин тому

    I'll take the 7-day shipping discount instead of paying the full expedited shipping price

  • @TheBlackWaltz
    @TheBlackWaltz 9 годин тому

    I forsaw this happening 20 years ago when I was in high-school. College was never meant to be for everyone. It was always meant to be for specific careers that do require extra schooling. Most jobs do not require anything like that.

  • @JohnSmith-qe6fb
    @JohnSmith-qe6fb 9 годин тому

    I have some constructive criticism for your channel. You need more variation in your cadence of speaking, especially the tail end of every sentence. It was incredibly distracting.

  • @GulsenGokmen-yn8bd
    @GulsenGokmen-yn8bd 9 годин тому

    Yes! The prize pool on 4RABeT is huge. Can’t wait to see who wins big for this T20 worldcup Good luck everyone!

  • @HaticeAydin-ik7wc
    @HaticeAydin-ik7wc 9 годин тому

    Loving the excitement of t20 worldcup on 4RA. The promo for 30 bets is too good to miss! Let’s keep betting

  • @NeslihanMuhammet
    @NeslihanMuhammet 9 годин тому

    Made a few more bets on 4RABAT, already won some bonuses. The community here is amazing, sharing tips and celebrating wins

  • @CengizMustafa-gh6ov
    @CengizMustafa-gh6ov 9 годин тому

    Bet on West Indies today on 4rabit. The variety of bets and great bonuses keep me coming back for this T20 worldcup

  • @HazanMustafa
    @HazanMustafa 9 годин тому

    Can't wait bro for the next match, betting with 4RABIT has made this t20 worldcup so much more thrilling

  • @iremOmer-tm9ql
    @iremOmer-tm9ql 9 годин тому

    And getting winnings out is as easy as placing bets, 4rbt's withdrawal process is smooth, no hassle at all

  • @OkkesPinar
    @OkkesPinar 9 годин тому

    Just placed another bet on today's match through 4RA, their live betting is a game-changer, literally live action!

  • @SalihaElif-ty6by
    @SalihaElif-ty6by 9 годин тому

    I tell everyone, if you're into T20, 4rabit is where it's at, especially with all these exclusive offers they keep dropping

  • @MucellaBurcu
    @MucellaBurcu 9 годин тому

    Man I won a few bets already this World Cup season on 4RABAT, the promotions they run are just too good to miss out on

  • @HandanZerin
    @HandanZerin 9 годин тому

    Totally man ever since Fench joined 4ra, the insights and the tips have really helped me make smarter bets

  • @EsraReyhan-yp7vs
    @EsraReyhan-yp7vs 9 годин тому

    And bro don't get me started on Aaron Fench as ambassador, feels like 4RABT has upped their game big time!

  • @NazimGonca
    @NazimGonca 9 годин тому

    Yeah man, the interface on 4rabit is super user-friendly, never miss a chance to win, thanks to it being so quick

  • @AyseHasan-kf7uc
    @AyseHasan-kf7uc 9 годин тому

    Guys, 4RABeT makes it so easy to bet on t20 worldcup matches, literally takes seconds to place a bet

  • @SedaSuheyla
    @SedaSuheyla 9 годин тому

    Playing on 4rabit during the t20 worldcup is double fun like cricket and casino together

  • @SuayipMahmut-uq3fp
    @SuayipMahmut-uq3fp 9 годин тому

    Totally yaar 4ra has really upped their game and the bonuses are just too good

  • @YusufMustafa-tb7ol
    @YusufMustafa-tb7ol 9 годин тому

    Did you guys notice how fast the loading times are on 4RABT no lags at all

  • @DilekMirac
    @DilekMirac 9 годин тому

    Same here yaar the prizes on 4RABT are amazing feels like a festival

  • @AhmetMelda
    @AhmetMelda 9 годин тому

    I tried the slots game too made like 10 spins and hoping for that merch set

  • @MehmetAli-ju3nk
    @MehmetAli-ju3nk 9 годин тому

    Me too bro 4RABeT is so exciting I love playing casino games there also

  • @AhmetElif-ei6zb
    @AhmetElif-ei6zb 9 годин тому

    I already placed 30 bets on crash trying to win those Apple AirPods 3

  • @VolkanHaci
    @VolkanHaci 9 годин тому

    Yeah bro the interface is so smooth and easy to use I love betting on the t20 worldcup there

  • @DilekNurhan
    @DilekNurhan 9 годин тому

    Wow 4RABET is so cool yaar the interface is super user-friendly

  • @drewyoung2102
    @drewyoung2102 10 годин тому

    Private equity firms like Black Rock are basically fraud on all balance sheets. Interesting to see what flies follow them

  • @airsoftbuddy83
    @airsoftbuddy83 11 годин тому

    You ever call a company and want to talk to a human? Too bad,they were replaced with a shitty recorded message with endless prompts needed to achieve the simplest action all because according to you, that job was bullshit 🤷🏼‍♂️

  • @matthewstar2880
    @matthewstar2880 12 годин тому

    well, they're just gonna have to accept the consequences when people leave and they go bankrupt

  • @PatrickWilkinson-he9iu
    @PatrickWilkinson-he9iu 12 годин тому

    🌹I will forever be indebt to you I will continue to preach about your name to the whole world to know you have saved me from a very huge financial debt which just little investment thanks so much( Ava Brenda Harry)

    • @CarlStrand-oe6uz
      @CarlStrand-oe6uz 12 годин тому

      Congratulations you are really doing well, my finance are in rally in mess right now and great tip will really go along way in shaping my life im open for idea

    • @OskariMottola
      @OskariMottola 12 годин тому

      What a testimony!!! 🙏🙏🙏I'm genuinely curious to know how you earn that much monthly I have been duped several occasions and really hurts

    • @SaraMedina-xv8of
      @SaraMedina-xv8of 12 годин тому

      I work at a restaurant here in Houston Texas. Things have been really difficult as I'm a single mom and trying my best to pay bills and take care of my daughters.

    • @PatrickWilkinson-he9iu
      @PatrickWilkinson-he9iu 12 годин тому

      I started pretty low investing in forex though with $1000 thereabouts. The returns came massively. Ava trading platform is Amazing

    • @AudIversen
      @AudIversen 12 годин тому

      YES!!! That's exactly her name( Ava Brenda Harry) so many people have recommended highly about her I'm huge beneficiary of her platform from Brisbane Australia 🇦🇺

  • @optick3554
    @optick3554 12 годин тому

    Texas is fixing to be another liberal hub if this happens. Be careful y'all.

  • @sssssnake222
    @sssssnake222 13 годин тому

    Go woke, go broke.

  • @desiv1170
    @desiv1170 13 годин тому

    The tricky part is this is really a corporate problem, not a work problem. If corporations treat employees badly, it makes sense that many people will get the idea that work is bad. I don't agree that work is bad, as I have always worked (too) hard and yet I generally love working... But if the end result of this is that enough people complain (and quit or stop trying, which actually hits their bottom line) and that work gets better, then I think that would be a good thing. While I don't think anti-work movement makes sense as a financial concept, if the anti-work movement makes working conditions/pay better, then I don't see that as a bad thing... I think this type of thing cycles... Corporations give people jobs. Corporations start treating people badly. People react (unions, quitting, government intervention, etc.) affecting corporations. Corporations treat people better (because they have to, not because they want to). And it repeats... Tho it does feel really out of balance right now.. I really do think wages need to increase for things to get better. I'm just not sure when that is going to happen meaningfully. That doesn't fix everything, but I do remember coming home from a job while in high school and I was frustrated because it was a bad day there. And my dad said "It's a good thing they pay you then..." And that did make me feel better. Work isn't always great, but that's why you get paid... (Or that's what I've told myself.) But if you don't get paid well enough, it's no longer worth it. And when corporations are treating people badly/not paying, it doesn't mean work is bad. It means corporations are... Look at Tesla laying off staff at the same time Elon gets his ... what.. $56B stock bonus??? What kind of a message does that send?

  • @joeschmoe5231
    @joeschmoe5231 13 годин тому

    Inflation makes sure we're always in a race to keep up, smh.

  • @JohnSmith-qe6fb
    @JohnSmith-qe6fb 15 годин тому

    I stopped watching Ramsey because of exactly what you said- just saying the same thing over and over. Don't take on massive debt, work, work, and work, and then don't put all your eggs in one basket.

  • @downykitten6439
    @downykitten6439 16 годин тому

    Not entirely accurate. The top 1% have less than 1% of the kids who will inherit homes noone but top 10%-ers can feasibly afford. The rich rent from each other, not grandpa Jim's 800 square foot ranch style home. This is fearmongering.

  • @kobe51
    @kobe51 16 годин тому

    This country was founded on the idea of you work for free (or very little) and I get all the money

  • @dianabailey9757
    @dianabailey9757 16 годин тому

    The people you work with are not your friends. The less personal information any of them have about you, the better off you will be. Its a job, not a marriage. You are a cog in their machine no matter what the pr is. Do your job. Be polite. Be on time. Show up for events and leave early . Drive home sober. Cultivate a rich life away from your job. Your quality of your life will remain high.

  • @soccertwelves1225
    @soccertwelves1225 17 годин тому

    Love your honesty. I know the truth bothers you but this is the messed up leaders we have.

  • @avayu2289
    @avayu2289 17 годин тому

    Dumbest idea ever from those redundant Silicon Valley VC Grifters! 🤮

  • @LorenRyburn-hx8gi
    @LorenRyburn-hx8gi 17 годин тому

    You Tube makes me hate more, more, more.

  • @Stratelier
    @Stratelier 17 годин тому

    If corporations are persons, then "fiduciary duty" is slavery.

  • @SiriusB88
    @SiriusB88 17 годин тому

    In my home country, education is free for any citizen. The view outside countries such as the US might differ in the sense that becoming a graduate does not require an astronomical financial investment (there are private universities here as well, of course). Therefore, the only thing required from you as a student is mere effort and dedication. It is for this reason that college education is still significantly valued. Another factor to consider is the infamous ROI. I belong to the social sciences, and I simply like to study and learn, as simple as that may sound. Few people here go to university expecting to earn huge salaries. And no, my home country is not Cuba.

  • @NicholasLi10
    @NicholasLi10 18 годин тому

    “Both side” oh please it’s the fucking republicans

  • @rufusmcgee4383
    @rufusmcgee4383 19 годин тому

    I was consulting for a company on a project. After a successful rollout, they made a 9-month push to get me to work full-time instead. I finally agreed and six months later, after the next phase of the project was over, I was fired. Insiders said they wanted out of my contract but still wanted me to complete the project and considered employee salary as the cheaper alternative.

  • @user-md3rm3yt1w
    @user-md3rm3yt1w 19 годин тому

    Sn 602330