Are any banks safe right now? This is a question Rob has been asked a lot after three major banks have gone bust and in this episode, he gives his thorough answer as well as what you can do to help protect your money.
KEY TAKEAWAYS
- The fractional reserve system allows all banks to legally trade insolvently yet this isn’t widely recognised or known but the population.
- If everyone wanted their money from the banks the entire system would crash.
- As people become more aware of how the system works, more banks will struggle and go bust.
- You can’t never use a bank again but what you can do is choose a bank with a lot of history and keep your money in other places too.
BEST MOMENTS
“Every single bank is trading knowingly and legally insolvently”
“I believe more banks will go bust”
“Try not to have more than a couple of months living expenses in one bank account”
VALUABLE RESOURCES
https://robmoore.com/
bit.ly/Robsupporter
https://robmoore.com/podbooks
rob.team
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979
See omnystudio.com/listener for privacy information.
