5 Things About Money That Banks Don't Want You To Know

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[ProactiveThinker]

Use the coupon code "INVESTNOW" to get a 40% discount.

[Riggsnic_co]

Banks are selling mortgages. People always say it's a good option to buy at discount, but with the market turmoil and everything at stake in present economy, I'm thinking of buying stable coin to hedge against inflation, or is it all right saving over 350k ?

[chriswalter]

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

[CreativeCashflow]

At 17 years old they'll let you commit to 200k in student loans but won't give you a 20k business loan. Think about that for a second.

[FASTMEDIA]

🎯 Key Takeaways for quick navigation:

00:02 🏦 Money creation: Most money is created by banks through loans and digital entries, not physically printed by the government.
05:07 💼 Federal Reserve Ownership: The Federal Reserve is owned by other banks in the US, making it a system controlled by major financial institutions.
07:26 🤔 Banks not acting in your best interest: Banks prioritize profits over customer interests, so it's essential to be cautious and make informed financial decisions.
08:50 💰 Bank treatment based on wealth: Wealthier individuals receive better banking terms and services compared to those with limited assets.
09:46 🏦 Banks for parking money, not investing: Banks should be viewed as places to manage money, and better investment opportunities lie in stocks rather than traditional bank accounts.

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[noel_r]

I skipped school and started to work for the government as soon as i could. That way i could get an easy and higher loan for my first house to buy at 21 years old. My friends were studying for years and got thousands of study debt. When they finally got done with the study at 27 years old they had to pay off a big amount of money. When they are around 30 years old they can't buy a house because house prices are so high now they can't loan enough money so they are forced to rent. While i bought my 4th house now at 26 years old and sold the other 3 with a big profit life is so easy now because of this skip school and work for government method. After i sell this house with profit i just buy back a smaller house half the price. Now i can use 50% of my last house that i sold to buy real estate (garages or other things to rent out) Because of those choices i can stop working my job for years sooner than my friends or just work 2 to 3 times a week and live a easy life and have so much more time to enjoy life or hobbies. The 8 years that they studied extra i could invest a nice amount of money in stocks and real estate. Not saying studies are not smart but financially its much easier to skip school in my opinion. :p

[SurajSinghTomarArya]

Banks charging low interests to wealthy isn't some shady back door conspiracy. It's simple wholesale discount. If you purchase one item you pay the MSRP. If you purchase 1000 of it you get discounted price.

[jobotmang]

Thank you for this eye-opening analysis many don't know.

[DistributistHound]

Very comprehensible explanation I've seen so far, you get entangled once you try to make sense of the relationship between finance and economy. Also explaining how banks create money ex-nihilo, explaining fractional reserve system although I've found recent explanation showing that banks treat differently loans and credit to customers money.
And finally how all money is DEBT.
However it doesn't mention how this breaks havoc in the economy.

[dressydress]

Other than borrowing with interest from private financiers like Fed Reserve Banks, World Bank, IMF, or stealing resources of another country, what’s a better and fair way to fund all the activities of one’s own nation?

[AhsanHabib]

Insightful for starter who wants to understand money!

[gicardee]

the 90% that the bank is allowed to lend represent how much the US dollar has lost its value since the gold standard was abolished.

[exposingproxystalkingorgan]

Most people have no financial knowledge.

[RebelScumJack]

Thanks for the useful info!
Godspeed and God bless!

[luciller.benton]

At the very least, I now grasp the concept of leverage.
Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.

[nutlange]

Such great advise, wise I knew all this as a youngster.. Been saying for many years to my family and friends; banks are a business and one is in business to make profit !!

[davids_blog]

This video opened my eyes again
Thank you

[kaede]

When you put your money in the bank, you are the lender, the bank is the borrower, and it gives you less than 1% of interest. Meanwhile the bank is going to lend you or another person for 7%+ of interests for the same money you just put in ( essencially using other people's money aka OPM to do business). Pay Attention that is NOT 6% extra profit, that is 600% extra profit and they have this so well oiled up that they can do this 17 times in a fiscal year, 12 in a recession. Almost sounds like a racket isn't it?

[sitalisitali]

Back again with another one 🔥🔥this content is excellent 👌, i cant believe its for free, thank you very much

[DEHDON]

No one can convince to buy anything I don't need or I didn't go looking for. I tell salesman NO! WITH EASE.