Rob reveals how banks really operate with your money. From shocking operational practices to the truth about bank bailouts, Rob exposes the seven ways banks control your deposits and why you might not truly "own" your money. This episode is a wake-up call about the banking system and offers practical solutions for protecting your cash!

 

KEY TAKEAWAYS
Banks can legally use your deposited money for their operational expenses, including paying their own bills and staff expenses, effectively treating your deposits as their generated funds rather than your property in safekeeping.
The fractional reserve banking system allows banks to lend out 90% of deposited money, meaning they only keep 10% of deposits on hand - if 11% of depositors wanted their money at once, the bank would be insolvent.
Banks can restrict your withdrawals and control how you use your money, including limiting crypto purchases and requiring explanations for large withdrawals, while they freely invest and lend your money as they choose.
In times of economic crisis, banks can be "bailed out" using taxpayer money or "bailed in" using depositor savings, meaning you pay for their mistakes either way through taxes or lost savings.
The bank deposit insurance limit (£85,000 in the UK) applies per banking group, not per bank account or bank brand, meaning multiple accounts at different banks owned by the same group share one insurance limit.
Banks can "debank" individuals based on their political views or social media posts, freezing or restricting access to funds, which becomes an even greater threat to personal freedom in an increasingly cashless society.

 

BEST MOMENTS

"If you want to be sure what you have in your hand, in your safety deposit box, under your mattress, or only you have access to, you own. What you don't, you don't."

"The banks are a for-profit corporation and their goal is to maximise shareholder value and they make money from you and your money."

"In times of revolution, wars, because countries need trillions to fund wars. Who do they need it from? Us. Because governments don't have their own money."

 

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.

Rob reveals how banks really operate with your money. From shocking operational practices to the truth about bank bailouts, Rob exposes the seven ways banks control your deposits and why you might not truly "own" your money. This episode is a wake-up call about the banking system and offers practical solutions for protecting your cash!
&nbsp;
KEY TAKEAWAYS
<ul>
<li>Banks can legally use your deposited money for their operational expenses, including paying their own bills and staff expenses, effectively treating your deposits as their generated funds rather than your property in safekeeping.</li>
<li>The fractional reserve banking system allows banks to lend out 90% of deposited money, meaning they only keep 10% of deposits on hand - if 11% of depositors wanted their money at once, the bank would be insolvent.</li>
<li>Banks can restrict your withdrawals and control how you use your money, including limiting crypto purchases and requiring explanations for large withdrawals, while they freely invest and lend your money as they choose.</li>
<li>In times of economic crisis, banks can be "bailed out" using taxpayer money or "bailed in" using depositor savings, meaning you pay for their mistakes either way through taxes or lost savings.</li>
<li>The bank deposit insurance limit (&pound;85,000 in the UK) applies per banking group, not per bank account or bank brand, meaning multiple accounts at different banks owned by the same group share one insurance limit.</li>
<li>Banks can "debank" individuals based on their political views or social media posts, freezing or restricting access to funds, which becomes an even greater threat to personal freedom in an increasingly cashless society.</li>
</ul>
&nbsp;
BEST MOMENTS
"If you want to be sure what you have in your hand, in your safety deposit box, under your mattress, or only you have access to, you own. What you don't, you don't."
"The banks are a for-profit corporation and their goal is to maximise shareholder value and they make money from you and your money."
"In times of revolution, wars, because countries need trillions to fund wars. Who do they need it from? Us. Because governments don't have their own money."
&nbsp;
VALUABLE RESOURCES
<a href="https://robmoore.com/">https://robmoore.com/</a>
bit.ly/Robsupporter&nbsp;&nbsp;
<a href="https://robmoore.com/podbooks">https://robmoore.com/podbooks</a>
<a href="https://robmooreteam.spiffy.co/checkout/robteam-of/">rob.team</a>
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 &ldquo;Life Leverage&rdquo; Host of UK&rsquo;s No.1 business podcast &ldquo;The Disruptive Entrepreneur&rdquo;
&ldquo;If you don't risk anything, you risk everything&rdquo;
CONTACT METHOD
Rob&rsquo;s official website:&nbsp;<a href="https://robmoore.com/">https://robmoore.com/</a>&nbsp;
Facebook:&nbsp;<a href="https://www.facebook.com/robmooreprogressive/?ref=br_rs">https://www.facebook.com/robmooreprogressive/?ref=br_rs</a>
LinkedIn:&nbsp;<a href="https://uk.linkedin.com/in/robmoore1979">https://uk.linkedin.com/in/robmoore1979</a>
&nbsp;
See omnystudio.com/listener for privacy information.

The Money podcast, by best-selling author of “Money”, Rob Moore, will dive into how to make, manage and master money. How to know more, make more and give more. How to save, invest and raise money. The story, history and psychology of money. The good, bad and naughty of money. Rob will use his experience of going from debt at 26, to becoming a millionaire by 31. Rob will call upon his contacts and interview millionaires, billionaires, economists and money masters from all walks of life. Rob will draw all his experience from starting from nothing, and building the huge podcast the “Disruptive Entrepreneur”, with his on the ground, real business experience. The Money podcast is for anyone who wants to make more money in a job, profession or passion, for money masters and money disasters. They say money doesn’t make you happy, Rob says “It does!”.

The Money podcast, by best-selling author of “Money”, Rob Moore, will dive into how to make, manage and master money.

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