The recent bank runs. How does fractional banking work? Is it really profitable until it all stops?
Links and Resources from this Episode
- DISCLAIMER
- For resources and additional information of this episode go to http://engineeroffinance.com
- Connect with Ken Greene
http://engineeroffinance.com - Office 775-624-8839
- https://www.linkedin.com/in/ken-greene
- https://business.facebook.com/GreeneFinance
- https://nypost.com/2023/03/13/first-republic-bank-falls-over-60-after-svb-signature-collapse/
- https://www.federalreservehistory.org/essays/glass-steagall-act#:~:text=The%20Glass%2DSteagall%20Act%20effectively,D.%20Roosevelt%20in%20June%201933
- https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/
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Episode Highlights
- How do banks work?
- Ken’s thoughts on the fractional banking system
- Banks and credit unions lending out money at a higher interest rate
- How media often simplifies complicated financial concepts
- The government’s role in preventing a total economic collapse
- The dangerous practice of fractional banking and its potential to cause a house of cards effect
- Risks of a strong crash in the housing and stock markets
- The importance of liquidity and diversification for individuals
- Being prepared for potential economic downturns
- Investments in gold, silver, and cryptocurrencies as hedges against inflation and the risks and concerns associated with them
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