
USA LOSING WORLD RESERVE CURRENCY STATUS? What This Means for You
ITM Trading Podcast
00:00
Banks in Russia Are Closed Out of the Swift System
The world is beginning to realize this, and i hope you are too. The number you see on your bank account doesn't represent some kind of cash deposit in a vault somewhere. It's simply a promise from the bank to you that it will pay you that amount should you need it. And all along these defaults, bailins, they're taking your money because the bank is in default and they need whatever they have. That's just a deposit. Where is that? Let me go back that and re read that to make sure that you fully understand that “i believe that i'm probably more ready"
Play episode from 27:16
Transcript


