The recent bank runs. How does fractional banking work? Is it really profitable until it all stops?


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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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