A short YouTube discussion led by Richard Canfield arguing that individuals should consider "being their own banker". The clip includes a speaker's anecdote about a client's payment that went missing for seven weeks and the bank's lack of explanation or apology; the speakers use this as evidence that the traditional financial system is broken and unaccountable.
Chapters
Why you need to consider becoming your own banker because of these types of things that can happen.
My business received some revenue from a client, and for seven weeks the money was nowhere to be seen. No one could tell me where the money was. The bank couldn't tell me what happened to the money the client paid. So it's not like me and my team could stop providing services. But for seven weeks, the money was just missing. And then one day, the money finally showed up without any apology, any acknowledgement of wrongdoing. The traditional financial system is absolutely broken. I've got enough stories to back up my opinion on that that I don't understand why bankers and banks and credit unions, I don't know why they think they can wield the power that they do when they've severely damaged their own brand for the last 15, 20 years.