?? Work at Pickup Points � Flexible schedule

Why Your Money Isn’t Safe in the Bank

Tom Bilyeu 68 views

Download

Download Video

Comments

True
Comment from : @antidavictory2135

He's describing 'fractional reserve lending '
Comment from : @societyreborn33

Actually they don't need to keep any reserves anymore
Comment from : @FluidAsset

All is he explaining in the most basic For the dumbest people out there in the dumbest words possible So u can understand how the system worksbrYes what he is describing is called the "Fractional Reserve Banking System" for anybody who wants to know the future of your money Itll all be CBDC U have no choice Ull have an illusion of choice one day One will out weigh the other Cuz guess what happens to the money oh it's gone? Cuz what he just says right at the end
Comment from : @Obiwannadoobie777

Fear fear fear Boring Everyone’s known this for so long now I don’t know why making a video on this like it’s some revolutionary new information for us all and everybody is not going to run to the bank at the same time like if everybody did anything at the same time? Every system would crash whatever it is if everyone tried to sell the house at the same time guess what it’s not going to happen, if buys toilet paper at the same time, there’s going to be catastrophe like it’s such a stupid analogy
Comment from : @cx_n1

I bet this guy sounds like a genius to the MAGA dummies He makes it sound like he re-invented the wheel
Comment from : @MrSteeDoo

I guess this would be considered news to most MAGA morons
Comment from : @MrSteeDoo

Nothing new
Comment from : @LeeSmith-f4f

Maybe thats wy banks do not want you to put your cash in bitcoin 😅
Comment from : @PeterNevberg

Spitting facts
Comment from : @tanyasharadamba1264

Created Money or Made it Vanish like a Magician into Pockets of Corrupt Politically Connected Rich People and Corrupt Corporations? Because they Can Repeat Losing Everything and Come Back to the Poor Working Masses for Bail Outs 😅
Comment from : @Brinjal-yu1vi

The government don’t have any money,they take it from us
Comment from : @VirgilHathaway-zj3xq

Tom became successful because he overcame his biggest obstacle of life His Ears
Comment from : @MJ-ge6jz

Rules changed, no reserves required
Comment from : @Califboy115

I believe it's 20 to 1 not 10 to one which is even worse
Comment from : @John-zp6lu

So it is a big Scam??😢😂
Comment from : @raymundogonzalez6450

I love this guy Somebody had to say that out loud!❤❤
Comment from : @gulden_lover

Notice at the end he said they can't give 'their' money back - it's not their money - it's ours !br Banks, like Governments, have no money of their own, their only intermediaries - middle men if you like
Comment from : @jamesbarbour8400

Currency 😮😊
Comment from : @harekokeel1937

This is called Fractional Reserve Banking
Comment from : @richdouche8253

If they had to mark to market their assets (particularly commercial real estate), they would not satisfy their reserve requirements and they would fail, anyway
Comment from : @norrispg4212

Besides not teaching about how banks actually work in at least the American school system, they also never really taught how to invest in a wealth health way Much of society is just indoctrinated to pay taxes and remain in debt unfortunately Thank God for internet education that at least shines light and gives the option to learn proper investing so the young and the old may have somewhat of a chance to have some wealth for needs and wants
Comment from : @Emmanuelwithus

Im my own bankbrI leave almost nothing with those theives
Comment from : @islesanctum833

This is all from the jews Hmmmmm
Comment from : @chinchintabete

because all the money is just made up yes, even what is deposited is not real money, unless it is cash
Comment from : @nopasghetti1

Unfortunately, holding your cash under your mattress pays you no interest and your cash depreciates from inflation Only gold, silver, real estates, commodities have real worth while printed money might as well be Monopoly Game money 😂
Comment from : @exposingproxystalkingorgan4164

You loose money when you have it in a bank, card payment fees, withdrawal fees, transfer fees, and so on The only reason we use banks is because we get payed there
Comment from : @someone46018

To a great extent, the banking system is basically a legitimized usury industry
Comment from : @gilsonsangulukaniphiri5018

Scary! 😮
Comment from : @kathleenhack

I went to my bank to withdraw $12,500 in cash to buy something They didn’t have it At the time I had over $250k in that bank
Comment from : @JABINVA

YouTube is full of guys like this that point out how screwed up our money system is, but NONE of them offer a better alternative
Comment from : @AJK1971

The other side is its not safe to keep it at home either The cops will confiscate it and call it drug money
Comment from : @williamgilley7061

THE FEDERAL RESERVE IS UNCONSTITUTIONAL
Comment from : @joseaguilarjr660

This guy is a total genius Also I’m retarded
Comment from : @upstartfenix

Ponzi scheme
Comment from : @JohnDoeMS

Banks are no different than Casino's with one small exceptionthey're allowed to make greater risks
Comment from : @sirpreamclientele

So what about FDIC??? Is this not the government insurance agency that guarantees your money 🤑 is safe up to $450,000 ???
Comment from : @DKisOk

Don't forget the government bails out wall street but not main street
Comment from : @AstorSkywalker

Banks don’t loan out their reserves
Comment from : @MicahBanks-m4t

That’s only half the truth my friend
Comment from : @darkskincarpenter2543

Gosh this man looks so sick
Comment from : @sandrabentley8111

Thank you stupid Christian Zionists
Comment from : @scotttheo3711

It's protected more than btc
Comment from : @9FINGA

So what do you suggest people do to store money?
Comment from : @MrKingJavo

BTC fix This
Comment from : @peterlustiger6361

Tell me something I don’t know! What’s next: you are going to tell us that playing football on an interstate highway is dangerous?
Comment from : @Zbigniewmarek-dr8oy

😮😮😮😮
Comment from : @butterflyrebelde

Another reason why 💰 🤑 💸 💲 🪙 💶 es retardado
Comment from : @user-re9hw2rd1j

I thought during Covid it was literally changed to 0 reserves
Comment from : @mikewhitmire7043

Misleading headline, most banks in the US are backed by the FDIC less than 250k you’ll be alright, you can argue better use of your money in xyz type of account, but this video misses context
Comment from : @chrisp6869

I would like him to explain Unfunded Liabilities, which are $222 trillion dollars
Comment from : @robertortiz7853

Next he'll tell us the earth is flat
Comment from : @seti1130

Fractal reserve you moron If the banks didn't do it the federal reserve would It's the prolivitization of the creation of the money supply that's goveremed by the fed instead of implented by them This guy is a fucking idiot Go back to entertainment
Comment from : @seti1130

Spot ON!!!
Comment from : @rurikmckaiser543

And they can loan that money 7 times
Comment from : @GodsGlorythroughCorey

Banks don't need even your "ten dolars"brto create money
Comment from : @jadwigabudzynska6522

Good old fractional reserve
Comment from : @frankschlegel9126

It’s called fractional reserve lending and it should be illegal
Comment from : @PandaFPV

In Sweden the government guarantees deposits up to $100 000
Comment from : @mathiasnilsson300

the ultra wealthy already own everything it's only a matter of time
Comment from : @Ctozzy95

Bankers, industrialist and such powers that b are the inventors of the school system, so they don't want you to know about money and it's workings Monies and functions of such and actions of such , are not taught in public schools
Comment from : @ElleckBuilding

Hey everyone, go cash out your bank account all at the same time Watch them freak out
Comment from : @jedem4158

Oh dear
Comment from : @carmenfreeman693

He said absolutely nothing that is not already known by most
Comment from : @lfk53

Yeah that's why there's the FDIC - thank you for not telling us anything new
Comment from : @davemackie4424

Funny thing is that you learn that in high school At least in Switzerland And this buy talks as if he just invented the wheel
Comment from : @dudli01

And they said to Crypto industry: "Same risks , same rules " and all crypto exchanges must keep their : Gold, commodities, cash whatever balance they are forced to comply depending on jurisdictions: 1/1usd for all cryptos tokens they're offering they must keep their cash or whatever reserves that cryptos platforms can self audit and verify Bigger exchanges over collateralized for a long time such as Binance and Kraken, Coinbase , BybitbrbrSo same rules ? Does your fiat bank offer auditable reserves ? Not in my country at least ✅ no fiat banks i'm aware about actually 👎⚠️ brbrAsk any Ai's about the process on how rich getting much richer each years using debt fiat printed central banks devaluating our national currencies and how politics who does have enough capital to speculate on inflation and devaluation make their money on middle and low class to tax workers/ payers 📈⚠️🤬🌏
Comment from : @simonbackwash

what podcast episode is this?
Comment from : @karolisurbonas3562

This man admits of neither comprehension nor wisdom about which he speaks
Comment from : @RobertCUlon

Big Safe In The House
Comment from : @NupeAtl

If you put $10 in a bank, they can lend out $100brIt is not nine dollars It is $100 brIt USUED to be like that brWhen the system collapsed in 2008, they were landing out $100 and only keeping 3 to 4 dollars in reserves brIn 2020 because of an “existential crisis” they were able to make loans with zero reserves
Comment from : @tktimber418

👍❤❤👍
Comment from : @Nguyenminhkhoa-ol6wf

Lend your money @ 10brGive You 2
Comment from : @carltom2818

Yeah, it's the velocity of money
Comment from : @Dudefromnh

You should explain to people what that $9 does when it goes on and on and on explain to him what happens when it goes to the Federal Reserve for the Banks loan
Comment from : @chedelrio-baker1088

Yet the same forces dictate that transaction taxes don’t work So the banks can print imaginary money but society isn’t allowed to benefit from its creation and movement
Comment from : @michaelfletcher9156

This is dishonest banking Central bank style
Comment from : @Mike-fb5xx

Wrong again, big ears Banks have full banking of sipc to get anyone 250k of deposits back on demand brThis guy is not smart
Comment from : @andrewmarusic1975