3 Banking Industry Truths You Should Know

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3 Banking Industry Truths You Need To Know
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Banking Industry Truths
Banking Industry Introduction Of all the
peculiarities about human nature, one of the most
interesting in our opinion is that were so
resistant to change. Humans simply dont deal
with it well. We tend to root. We find comfort in
familiarity.   Many of us prefer to suffer
through something that we know rather than change
things and risk the unknown.   This is why people
will work at a job they hate or continue working
for bosses they dislike at jobs they despiseIts
the fear of change.
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1) Banks Like To Gamble
Banks Like To Gamble Traditionally, banks were
no different than a secure storage facility
depositors would pay a fee in exchange for the
bank safeguarding their savings. These days a
lot of people might pay 50 bucks a month at a
U-Store-It place to store 10,000 worth of
things. So why not pay a small fee for a banker
to store 10,000 worth of cash? The reason is
that banks dont operate like a storage
facility. Banks, on the other hand, are actually
ENCOURAGED to take your hard earned savings and
make a few extra bucks on the side.
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Banks Like To Gamble
You probably already knew that banks loan your
money out at a profit. But did you know that
government regulators allow banks to
self-regulate when it comes to risk and leverage
your money?   Think of it as if, the US Nuclear
Regulatory Commission allowed a nuclear power
plant company to set their own safety
specifications with no independent review. And if
things go bad, the regulatory commission simply
blamed the workers, instead of the company for
it.  
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Banks Like To Gamble
Today, banks continue to use the same risky
methodology and exposure they were using before
2008 in regards with your money, because it
allows them to use excessive leverage and make
large profits while being helped by taxpayers
when things go wrong.   Banks have never properly
managed and mitigated risk, they just shift risk
to us. So that at the end of the day, we pay for
the consequences with our money and value.  
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2) Banking System Is Very Weak
Banking System Is Very Weak You could just
withdraw most of your balance in your bank
account, then pay a small fee for a safety
deposit box that you stuff full of cash.
Cheaper. Easier. Better. Cash in your hand
might pay 0 interest, but at least is outside
the banking system... so nobody gambles with
it. But theres a huge problem with this
approach theres very little physical cash in
the system.
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Banking System Is Very Weak
So just imagine if even 10 of people withdrew
their money in cash  there wouldnt be enough
cash in the system to support this demand.
Result is that banks would subsequently
collapse. Just like individual people calculate
their net worth by adding up all of their
assets (cash, property, and investments) and
subtracting liabilities (loans, credit card debt,
etc.), banks, including the Fed have a net worth
as well. But for the Fed, and its 57 billion
net worth only constitutes about 1.28 of its
massive 4.5 trillion balance sheet. This means
that if the value of the Feds assets drops by
more than 1.28, the Fed will be bankrupt.
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Banking System Is Very Weak
Consider the massive impact on the world if the
central bank of the United States of America went
bankrupt. We dont have to look too far to find
examples Icelands central bank went bust in the
early days of the 2008 financial crisis. And
almost overnight the currency went into
freefall. A currency is a liability of a central
bank, and if you stop to think about it, the same
is for any private financial institution or
anyone who holds currency. When a central bank
goes bust, its liability loses value, and so do
you. But the data is overwhelming the banking
system is not safe!
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3) Banks Do Not Protect You
Banks Do Not Protect You   From the US in 1933,
to just like we saw in Cyprus in 2013.
Governments have declare a bank holiday and
then impose some sort of freeze on withdrawals,
while the they try to figure out if they will
rescue the banks or not.   And they do not do
this to protect you, but to keep banks
afloat.   In the US, some of the more prevalent
names in finance have started calling for an
outright ban of cash, including many prominent
economists.
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Banks Do Not Protect You
Greece is another great example theyve already
implemented a tax on cash withdrawals and wire
transfers. If theres one thing we love about
Argentina, its that no rational person there
trusts the government and banks. For years now,
the government has heavily restricted the flow of
funds out of the country. Its actually a
criminal offense to leave the territory with more
than 10,000 USD in cash. Transferring money out
of the country through the banking system
requires significant paperwork. One of the first
things theyll do is bounce your funds transfer
request to the tax office so that the government
can ensure theyve taken their fair share of your
savings.
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Banks Do Not Protect You
Then, whatever funds are allowed to leave must be
transferred at the official exchange rate, which
is presently about 30 worse than the street rate
(what they call the blue rate).   These
measures are all different forms of capital
controls, designed to prevent you from taking
your money away from a destructive system.
Which helps you serve them, instead of the
other way around.   When a government is
bankrupt, the central bank is nearly insolvent,
the banking system is illiquid, and an entire
population suffers from interest rates that are
either negative or below the rate of inflation.
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The Wrap Up
At the end of the day, banks are not ALL bad, but
they do things that you should be aware of BEFORE
you give them all your TRUST and MONEY. You have
options, better options for your money. Read
page http//www.golvercard.com/banking-industry-
ebook
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