Do You Really Know Who Owns Your Money?

Do the banks own your money?

Not all of mine, because most of mine isn't in the bank.

Why is that?

Because the banks own your money. The way I see it, 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. Now let me ask you this, someone who has the title deeds to their house, do they own the house?

Yes.

Miss your mortgage payments for three months and then tell me who owns your house. So you've got title deeds that say Rob Moore is the proud owner of this mansion. If I miss my mortgage payments for three months, my bank will claim that house off me. The bank has first charge. So actually the bank owns my house and I believe it's the same with money. Now you can either be a loaner or an owner when it comes to money and assets. And if you have title of your gold and silver, your crypto or anything that no one can get their hands on, you are an owner. But as soon as you give the money to the bank, it's essentially a loan to them.

How does that work?

Well, think about it, they now have your money. So it's either a gift or a loan. I tell you what, it's not, it's not, oh, we'll look after your pension, we'll secure your future, we are humanitarian. It's none of that. The banks are a for profit corporation and their goal is to maximize shareholder value. And they make money from you and your money. So they need your money. Well, the central banks print it so the central banks can make money out of nothing. And then the central banks spread it down into the commercial banks. That's how the money flow works.

And they do that through loaning debt?

Yeah, yeah, essentially a loan. Because when you go to the bank for a loan, it's usually not existing money, it's usually just created. They call it money printing, but it's not even cash, so it's not even printed. It's just a 10,000 pound debt created. And then they loan you that 10,000 pounds that they didn't earn and then they pass the debt on to you and now you're in debt and you pay them interest and they earn on the interest and then they securitize it on one of your assets and if you don't pay, they seize your assets. So the reason I think that the banks own your money is once they've got it, they choose what to do with it.

What do they do with it?

Well, there's six things they do with it. It's funny because I posted about this on LinkedIn just yesterday. They lend it, they invest it. Oh, do you know what? I'll come to numbers three, five and six. So essentially, they lend it, invest it. And get this, this is an absolute scam. You should read the terms and conditions by the way of your bank. If you've got much money in it, the banks can use your money for their operational costs. So in the bank's terms and conditions, the bank reserves the right to use funds generated through deposits for operational expenses in maintaining secure and efficient banking services. That is a quote. So that means the banks can use your money for their expenses.

It's the phrase, funds generated as if they've sold a product or a service. So many people, ordinary people, that don't know this stuff. Okay, I've got my money. Yeah, I've worked hard, nine to five, yeah. Exchange your time, yeah, I've got my two grand. Let me put that in the bank for safety, because, you know, I don't want to have it in cash because what if a house fire or something, and they've gone, oh, we've. We've earned that money. We've generated this money this month. Anyway, we need to pay an electricity bill in Barclays, Peterborough, so we'll just use Kane's money to pay that bill. That's fucking scary.

Yeah, yeah. That was a shocker to me. I knew that they lended it.

Loaned it, yeah.

I knew that they invested it. I didn't know they could use it to run their operational costs. But if you think about it, if there's ever a run on the banks or the banks become illiquid or they go bust, you have bailouts, like, any way the banks fail, you lose and they win. So if the banks fail and go bust, you may lose your deposits. And then what happens is what's called a bailout. And a bailout. I always find this funny. Government funds. There are no government funds. There's only your funds. There's no government money. There's only taxpayer money. The government doesn't make any money, just takes it off of us in tax. So a bailout from the bank is you and I bailing the bank out when it lost our money. So we're paying to maybe get our money back. So that's a bailout. A bail in is when they use our savings and deposits to fund themselves out of a load of shit. So they either take it from the taxpayer or they take it from the saver and the saver and the taxpayer are the same thing. A bailout or a bail in, it's the same thing. Now if you could start a company, earn some money and then there was no risk if it went wrong, you wouldn't lose anything and you would just get bailed out. You would just keep over trading, you would oversell because you wouldn't care if you went bust because you know you're going to get bailed out. I mean, you know, now if you have a limited company on llp, if you go bust, you have shareholders, you have debt, you could even get bad credit. You could, you know, lose your home. If you mismanage your limited company, the banks, they'll get bailed out or bailed in. Either way, we'll pay for it. I mean, I don't know if it's a scam or a genius idea. I don't know. It's, it's like a Trojan horse or it's like stealth, hidden in plain sight. They can literally gobble up your savings to bail them in, gobble up your tax money to bail them out. And now if you look at the fourth of six things I think that the bank scam you on, they can use your fund for operational expenses.

So when they're lending it, is that from, okay, you deposit money and then that just pays the mortgage for somebody else. So that's the money that they would then lend to me for my mortgage.

Maybe. I mean, they're probably not going to be transparent about all the money flow, but they can either lend or invest your money at a 10 to 1 ratio. So fractional reserve banking, it's a system whereby there's a rule that they have to hold a percentage of the deposits, the deposits of the savings or the working capital in your current account. So no fractional reserve is. They can't lend any of your money. 10% fractional reserve means they keep 10% of the savings and they can lend out the other 90%. So essentially they can lend 9 pounds out of 10, $9 out of 10. And that's roughly what the fractional reserve is at the moment. So that's not much liquidity. If a client paid you for a year's service and then you went and loaned or spent 90% of it, that's called insolvency. You are trading knowingly insolvent, and you can be struck off as a director for that. That could even be fraud if you do it knowingly. Whereas the banks, via the governments and the governments and the central banks are essentially one entity. They have made a rule for themselves, which is a different rule for an entrepreneur, which is they can knowingly trade insolvently and they can lend 90% of the deposits out, which means if 11% of the savings and deposits in the bank were requested on the same day, they are insolvent and they couldn't afford to pay the depositors. And that's what happens in a bank run.

How is that legal?

Well, if you ran the bank of England or the bank of the World, maybe you'd make your own rules. I mean, anything's legal to those who make the law. Yeah. So it's just one rule for them, one rule for us. But that shocked me and I've got hundreds of comments on my LinkedIn post about this. I've gone through some of. They, in their terms and conditions, can use your money for operations. They can also lend your money. Quote, the bank may lend deposited funds to other customers or businesses, subject to regulatory gap guidelines. Well, the regulatory guideline is if they take $10, they can lend nine of it out. And you ask me a question, where do they lend it? To other customers or businesses. So anyone they want?

Basically, yeah.

Because who are they going to lend to? Customers or businesses, people or companies. So basically the bank can lend. May means can. Yeah, Customers or businesses means anyone with a fucking pulse, subject to regulatory guidelines, I. E. Fractional reserve banking rules. So basically they can lend your money to whoever they want. And what if who they lend your money to goes bust like happened in 2008?

Explain that.

Well, in 2008 all these banks were just repackaging loans and lending them again and repackaging loans and lending them again and borrowing from uncreditworthy people and then repackaging and relending out all those loans. So there was essentially a loan Ponzi scheme going on and you don't need many people to go bust or fall behind on their house payments for that to fall over like a house of cards, like it did in the 2008 crash. And the economy feels like it's very vulnerable right now. And banks feel like they're very vulnerable right now. There's banks in America going bust, there's banks in Japan going bust. Do you know there was a bank in Japan that went bust and it made a statement saying your savings are now national assets. Imagine getting a letter saying your hard earned savings for your entire life are just now owned by the state. Now when you go over towards Russia, China, etcetera, A bit more communist out there. I've got a Russian acquaintance who built up a business really hard over many years in Russia and then the state just took it off him. So I suppose I feel grateful to be in the west where we've got. I mean, it's. Nigel Farage told me that they are far left socialists. Now Labour, they are moving towards socialists, but we still have some Western capitalism where you still own your own property and you own your own business, but they can lend your money to anyone however they want. Because here's the thing, what's supposed to happen is the government make the rules for the banks, but they're just in cohorts making rules for each other. They can invest your deposit. So the bank may invest deposit funds in secure investment vehicles to generate returns. Well, define secure. Because in 2008 they weren't secure. They did whatever they wanted. And do they pay you a part of their profit?

No.

Well, do you get a statement from the bank each month saying, thanks for lending us your money, Cain. We. We've made 8% this year on your money. Here's 4% of it. Thank you. No, why is it that interest rates can be 5%, but then you go to Barclays and look at the savings account there and you get 1.6%? Yeah. They can lend your money out to a factor of 10 to 1.

I saw something the other day that was. Some banks are lending up to six times people's salary now, right. And the deposits that were taking were 5%. So that seems very similar to what you're saying about 2008 of. Well, they're probably lending to people that perhaps they shouldn't be, because if you're getting a loan six times your salary and you don't have to put down a big deposit, you're just going to get a load of people with mortgages they can't afford.

The thing with humans and institutions, because they're run by humans, is they don't learn their lessons. Like, if you and I lived till we were 500, we'd have seen 15 year cycles for the last hundred years, the hundred years before, the hundred years before, the 100 years before, it wouldn't be many cycles for us to go, we're repeating our same mistakes here. We need to do something different. But because a cycle lasts about 15 years and I think part of it is generational, because if I got the lesson from the last cycle in 2008, because I'm 45. Or you didn't because you're 25, so how old are you? In the last recession? About four.

Yeah.

So how old were you in 2008?

Fourteen.

Right. So you were too young to know the impact. You weren't even starting a business at 14. So you don't actually know what a recession is. That is being in it. So you can't get the lesson. I do because I was in it and it might take me two cycles to properly get the lesson because I might make the same mistake twice. So maybe I'll get the lesson in 30 years. But you haven't had the lesson yet. So. And also you get these new young, hungry, you know, dog with two dick bankers coming in and you know, the older, more mature bankers, remember 2008, the new young hungry bucks. Done. So really banks should learn their lessons and not lend at 5% deposits, which is 95% loan to value and not lend at 6 times income. But you know, you have competitive market forces and you know these challenger banks might come in or maybe the banks aren't making as much profit as they like or maybe interest rates are going down. So they want to be competitive and it's a major risk to. Well, here's the thing, I was going to say it's a major risk to the bank. But remember we bail out the banks so there's no downside risk or penalty for the banks to make stupid loans.

Like that, do whatever the fuck they want.

Yeah, because they know they'll get bailed.

Out or bailed in and basically any individual that works there never goes to jail or nothing ever happens.

How many people went to jail after the 2008 crash for everything that they did with all these toxic loans and you know, taking all this risk? None. How many of the politicians went to prison for locking us down and ruining the economy? None. They don't, don't even get a fine. So yeah, so the human beings are going to do what they can get away with.

That is scary. What were some of the points that you wanted to tease for later on?

I. You want me to tell them now?

Yeah.

Well, the six things that really the banks can do with your money. Because you asked me at the start who owns your money and I said the banks. If they've got it, they own it. Here's why. Number one, they can lend it. I've already talked about that. Number two, they can invest it. Already talked about that. And if they lend it or invest it, there's no guarantee they're going to get it back. And if they don't get it back, you're not getting it back. Number Three, they can restrict your account. So savings accounts are subject to withdrawal limitations, which are enforced to comply with federal regulations. So if they decide, oh, we don't want you to invest your money in crypto, do you know most banks now only let you invest five grand a month in crypto? Five grand a month? 1500 a day limit. So they've decided it's your money, but they've decided they don't want you to put it in crypto. My friend called up the bank and asked for 20,000 pounds of his own money. And the lady said, what's it for? He said, none of your business, it's my money. She said, not sure we can do that. You'll need to come into the bank. So the next day, he marched into the bank and he went and looked in the eyes of a person and said, I'd like to take £20,000 of my own money out, please. She said, what's it for? He said, none of your business, it's my money. She said, unless we know specifically what it's for, you cannot withdraw £20,000. Now, the banks will say, oh, anti money laundering, blah, blah, blah. But basically they choose if they give you your money and how much money.

So how much can I draw out?

Well, it depends. 10,000, 20,000. Go in and ask for. Let's say you've got 100 grand in the bank, go in and ask for it in cash. I mean, look, maybe they haven't got 100 grand in cash in stock, I accept that. But maybe they'd take two or three days to get that cash in stock. But they will not let you withdraw your own money.

So I can't withdraw it. I can't invest it into crypto. It stays there. They lend it out or pay their own bills with it.

Yeah, and they can repackage your money and make toxic loans out of it, but you can't put it into crypto.

So fucking irritating every time I speak to you.

But it's not irritating, but useful. Yeah, it is, by the way, in good times. Does any of this matter much? Probably not. If the banks are doing fine and you're doing fine and the economy is doing fine, you'd probably be all right. But in terms 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.

No. I mean, they can print it, but that puts national debt up. So they'll either come for your gold or they'll go for your money in your bank. This happened In Cyprus, they literally took the money from savers and deposited where they've literally taken your savings. Oh, we'll have 60% of your money. So when things aren't. So when times are hard or economies aren't growing or there's political unrest or there's even social unrest like there is now, this is when your money's at risk. Do you want to risk this?

I'll ask in a minute about what we can do about this, but I'm really intrigued.

You want to finish this?

Yeah.

So, as I said, number four is they can use your money to fund their operational costs, which means they can use it to buy elastic bands, paper clips, have their senior managers go and have dinners and buy expensive food and champagne and whatever else they might decide to do with your money. Okay. Number five is there's limitations on liability and risk. I. E. Deposits are insured up to a certain amount. The bank is not liable for losses beyond insured limits in cases of significant economic events. Significant economic events could be anything. So they could basically decide. Now, in the UK they tell you you're insured up to £85,000. Let me ask you this, have you ever tried to claim on insurance? Have you ever tried to claim for watch insurance or car insurance? There's lots of videos going viral of me on the Internet ranting about trying to claim on my Aston Martin DBS insurance when someone reversed into me and it put my premium up. Even though she reversed into me, she had a thousand pound Toyota, probably a 50 quid repair bill. I have a 300 grand Aston Martin DBS 5 grand repair bill and I can't claim on my insurance and I can't claim on her insurance because it put. And I can't claim on. And I can't claim on my insurance through her insurance because it puts my premium up even though she crashed into me. It's the same with the banks. Have you tested this 85,000 pound insurance limit? Like, how do you know they're going to pay out? And here's where they get really clever. You assume the insurance is per bank. So let's say you've got more than 85 grand, you're going to put it in NatWest and RBS and Lloyds. Do you know NatWest and RBS and Lloyds are all owned by the same bank? And do you know that your insurance is per banking group, not per bank? And If RBS and NatWest and Coutts and everyone else are owned by the same bank, you're actually insured for 85. Even though you've got 85 times 6 or 85 times 7 in your bank.

See, it's even worse than that because I thought it would be per account, not per bank. So it's not per account, it's not per bank, it's per group.

Yeah. And there aren't many banking groups. No, because banks are monopolies. So, yeah, they can limit their liability and pass the risk on to you. Oh, and by the way, these deposits are insured by the governments. The governments are insolvent. The governments are trillions in debt. So let's say you wanted to borrow some money off me. And you're 18. And I'm like, you're 18, mate, you're going to need to get a guarantor. And you give me a guarantor of someone who's 3 trillion in debt, I'm going to go, fuck off. That's not your guarantor because they're in debt. So you go bust, I go to them, they're bust. Well, the government is the guarantor for these insurance policies within the bank. The government is bust.

It's got no money.

Yeah. So good luck getting that back. Now, if you've got silver or gold or your own crypto, or you've got title deeds to, you know, real estate, or you've got watches or art or fine wines or classic cars or anything physical, no one can get it off you. It is yours. All right, there's two more things. So actually there's seven, not six. They can withhold you withdrawing money. Now, they will say, oh, we think there's been a security risk. We're just going to freeze your funds. So they can freeze your funds for as long as they want if they choose, and they'll tell you if you're being scammed. The bank reserves the right to impose temporary restrictions on withdrawals. All right. They say do protect the financial integrity of the institution. Ah. Not to protect your financial integrity or your money. Let me read this again. The bank reserves the right to impose temporary restrictions on withdrawals to protect the financial integrity of the institution in times of economic instability, that is, the bank protects themself and freezes your money and they've got your money and they decide.

Well, I suppose the scam only works because the general public trusts them.

Yeah. Yeah. And maybe people like me are reducing the trust in the banks. Now, do I think this is immoral? I don't think it's for the betterment of humanity, but I'm not sure if it's Immoral. It's just human nature. If you have all the power to make the rules that benefit you. Mmm. It's human nature. But it's not the public service that the banks market to you. You know, we are the custodian of your money. We look after your future, we secure your pension and your retirement. No, that's not what they do. Now, this last one, so there's actually seven, not six. This is the biggest shocker. Debanking. So my friend Nigel Farage got debanked. And what it means is we've decided to shut your account and they can shut your account. And by the way, if they can freeze your money, they can shut your account and freeze your money. Andrew Tate told me that the banking institutions froze £16 million of his money. And he said, the questions I would have. And he said, the questions I'd have had to have answered. And he said, the questions I'd have had to have answer. And the proof and the hoops I'd had to have jumped through and given them, it wasn't worth it. I wrote off the 16 million. So the banks made it impossible for Andrew tate to get 16 million of his own money back. That is what he told me face to face. And they can debunk you. Do you know why? Because they don't agree with your views. This got exposed in the uk. Good on Nigel Farage. Love him or hate him, I don't care. They debunked him and he went, wait a minute, that's wrong. And I want to know why. And he got internal emails and memos and basically they said, well, oh, he's a bit of a right wing extremist. Oh, he's a racist. Oh, let's kick him out of our banks. You should be able to have a bank account, regardless of your views. If you don't vote politically for who we want, we can shut you down. We are the banks. To me, that's a massive scam. So now there are tens of thousands, maybe more, hundreds of thousands of what they call PEPs, politically exposed persons, I. E. If they don't like a social media post of you, they can write to you and go, you are debanked. You have 30 days, 60 days. We're shutting your account and they can withhold your money. Therefore, they may say, right, we want your inside leg measurement, we want your tax returns, we want all your receipts, we want this, that, the other and the other before we're giving you your money back.

And in a cashless society, that is scary.

This is why people need to wake up. Oh, it's so convenient just to tap your phone. It's convenient to give them a fiver as soon as there's no cash. Their ability to do this goes up by 10x and your freedom goes down by 10x. This shit is real.

So what do I do about it?

Number one, you keep minimum money in the bank. Now, I get that it's convenient. I get that, you know, you can pay direct debits and your standing orders and you can tap that, that's fine. I'm not saying the banks don't have a purpose. They are convenient in many ways. And also they store it fairly securely so you don't have to store it at home, although it doesn't beat inflation like people think it does. So I'd say keep the minimum amount in the banks and then invest the rest and invest in assets that beat inflation that you control. The banks control your money, not you. And savings do not beat inflation in the banks. So really, that's, that's the best thing you can do. That's why I buy gold, that's why I buy silver, that's why I have watches, that's why I have cars, that's why I have businesses, that's why I have property, that's why I have art that I own and control.

So I know you said on a previous episode we did, when the shit hit the fan in Covid, you were having to look at assets like, okay, what do I sell to keep us afloat? You know, is it one of the cars? Is it a few watches? Is it whatever? You've got all of these physical assets that people may know about, don't know about, who knows? But it means when shit goes south, you're okay.

And it means it's yours and you own it and you've got it and you can liquidate it, because how do you know that your investments through the bank. This is something we've not mentioned yet. You might go to the bank for your current account. You might have your business bank with them, you might have your savings with them. But a lot of people go through their banks and they get financial advice from 21 year olds on how to invest your money who, who work in a bank earning 25 a year doesn't stack up there. But you might do your ISA and you might have higher interest bank accounts where there's limits on how you can take your money out. You might do your stock market and everything else through the bank. I don't do all that through the Bank. I do that through independent plat. I don't do all that through the bank. I do that through independent platforms like Hargreaves, Lansdowne or Vanguard. I want to know that I'm investing and managing my own money direct, even with my savings accounts because I do have some. I don't go through the banks, I go through investing platform, obviously into banks, but in independent banks and spread them around and I just use it for liquidity.

So if people want to find out more about this stuff, what can they do next?

Join Rob Team. Rob Team is my digital financial freedom platform, essentially my global money school. I mean I'm going for universities, I'm going for college, I'm going for the banks and governments and like, I guess revolutionizing and disrupting financial education. My mission in life is to help as many people on this planet get better financial knowledge. That's what I teach in ROB Team. I think it's a human right for you to get good financial education. It's a right, a birthright of yours. But we are being controlled propagandaed and we're not being given unbiased, neutral information. Rob Team has that because it's less than 20 pence a day. It's basically an admin fee. You can cancel any time. There's no ongoing contract. And it teaches you to start, scale your business, make, manage and multiply money, build multiple streams of recurring income. It helps you learn how to invest and control your own money. And this concept now of decentralization and custodianship of your own money, it never used to be a thing. Your money was your money, now your money isn't your money. And Rob Team teaches you how to own and control your own money and and build real generational wealth. The link is Rob Taim, you just literally type in R O B T E A M. I've got loads of new exciting content coming up soon. So I've actually got one of my secret accountants to do a four part deep dive live masterclass on how to get your tax bill down. I've also got my 15 hour money mastermind university where I taught how the banking and the money system works and then how you can play the banks at their own game and win. I'll give you an example. A mentor taught me, if you borrow a million quid from the bank, you have the problem. If you borrow 100 million from the bank, they have the problem. So I'll teach you how to build generational wealth playing the banks at their own game, Rob Team. And if you don't risk anything. You risk everything.