Bankless Why Banks Suck, The Great Taking & How To Prepare | Mel Mattison
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Jul 22, 2024 
Mel Mattison, a former Wall Street asset manager and author of 'Quoz,' delves into the flaws of traditional banking systems that he argues are corrupt and centralized. He discusses the dangerous alliance between governments and banks and the necessity for disruption. The conversation explores the economic implications of this 'unholy alliance' and the potential for a financial reset. Mattison also highlights the role of cryptocurrency as a means to regain financial autonomy and prepare for future economic shifts.
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Central Banks' Purpose
- Central banks manipulate the system, siphoning wealth into government hands.
- This allows governments to fund activities like wars, enriching the wealthy elite.
Bank of England's Origin
- King William III, needing funds for war, struck a deal with bankers.
- They gained the right to print money, giving it to the king and collecting interest, establishing the Bank of England.
Banks' Dual Nature
- Banks, like addictive substances, offer short-term benefits but carry long-term risks.
- They provide services like lending and payments, but their core function enriches the elite.
