Have you ever wondered what bankers are supposed to do for you?
A banker, in the traditional sense, is a steward.
A steward is someone you trust with your money. They’re supposed to carry out your desires and invest wisely according to your standards.
A banker is also supposed to invest your money in a way that benefits his depositors and stockholders. If he consumed your money and spent it all on himself, he would be sent to jail.
That’s how things are supposed to be.
Unfortunately, if you peek behind the curtain of today’s bankers you’ll be shocked at what you find.
They’ve not only stolen your money, but they’re investing it in highly speculative ways.
If they make money they keep all the profits. However, if they lose it all they’ll simply say, “Ooops! We’re sorry” and depend on the taxpayers to bail them out.
Wall Street calls it “Privatized Profits and Socialized losses.” (They keep the profits and pass the losses on to you.)
A quick look back at the 2008 meltdown is all the proof you need.
I don’t want to shock you here, but today, once you deposit money in a bank, you no longer have control over it.
If you think I’m kidding, go down to your local branch and try to take out $5,000 or $10,000 IN CASH. (*Note: it’s a good idea to have 1-3 months living expenses in cash on hand…just in case there is an emergency “Bank Holiday” and the branches and ATM’s are shut down.)
Giving you $5,000 or in cash will drive everyone in the branch crazy.
They don’t keep much money in their branches.
Why, don’t they?
They’re afraid…and we’ll explain why when you become a Premium Subscriber to Simplifying Wall Street…In Plain English. (HERE)