3 Shocking Truths Most People Don’t Know About Money In Bank Accounts
By Nick Giambruno – Doug Casey International Man (direct from email received)
Henry Ford astutely observed that a revolution would occur overnight if people truly understood the banking and monetary system. That’s because modern banking is an elaborate illusion that deceives people into a false sense of security… until it’s too late.
Large banks can fail in hours, and life savings can evaporate overnight. The US banking system is especially vulnerable, as the collapse of Silicon Valley Bank and other recent events have shown.
Why do so many people put their confidence and life savings into an unstable system? I would say it’s because they do not understand three fundamental truths about modern banking.
#1. The money isn’t yours.
#2. The money isn’t actually there.
#3. The money isn’t really money.
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