Are ANY Banks Safe Now? 🤔

Are any banks safe right now? This is a question I'm getting asked a lot. In the last week, 3 major banks have gone bust. Now, we have to be careful here because, um, one of the regulators of Silicon Valley Bank, they said that the reason that Silicon Valley Bank went bust is because it was both illiquid and insolvent. But the problem is, that's every single bank. Every single bank in the world is trading with illiquidity and insolvently, and it is knowingly doing it. So if you are an entrepreneur like I am and you run a company and you trade knowing you don't have enough money to cover your debts, knowing that you're using customer money, client money, um, and knowing that you couldn't repay your debts, that's called trading insolvently, and that's actually not legal. You could be struck off as a director. In fact, you can go to prison for that. But every single bank is trading knowingly and legally insolvently, and it is illiquid. The fractional reserve system allows the bank to store a very small amount of the deposits and lend and invest a factor of 10. So for every dollar it legally has to hold, it can then go and lend and invest 10. So imagine if the whole world and the public knew that every bank was illiquid and every bank was trading insolvently, what would the whole world do? The whole world would go and ask for the money. That would be called a bank run, and the whole system would collapse. And this, by the way, is why they don't teach you about money in schools and university, because their whole system for creating money out of thin air and just charging you interest Think about interest. Interest is rent on money. But if the money wasn't earned, the money is just created out of thin air, and they charge you rent on money that they didn't create or work for, you could argue that that's usury. And that happens. So I believe more banks will go bust. Why? One, because they're all trading illiquidly and insolvently, but also because people are becoming more and more aware. People know about Silicon Valley Bank going under, they know about Credit Suisse going under, and people are now getting more wise and savvy. And, you know, obviously people like me are putting a lot of content out there on this. So people are asking me, yeah, but Rob, you need a bank account, you know, I've got savings, what do I do with it? And I understand you can't just take all your money out of the bank and never use a bank again, that's not practical. So one thing I would say is choose a bank with a lot of history. And proof. Now, unfortunately, that doesn't always work because Credit Suisse was over 150 years old and it still went bust and got taken over, or was insolvent and got taken over. Now look, there are some banks that have lasted hundreds of years. Do you remember the recession of 2008 in the banking crisis? Well, actually, Santander was fine through that process. Um, because I guess it had, um, maybe more capital reserves. Um, I'm going to talk about a couple of things in a minute which are good things to watch, um, for the banks. Um, so what I would say is this: try not to have more than a couple of months' living expenses in any one bank. Now, yes, you have the Financial Services Compensation Scheme, the insurance on your money, but I wouldn't like that to be tested. Everyone assumes that your money is insured up to £85,000 per bank, but I would not like it to be the case where a bank has gone bust and been taken over and that is tested, because you know insurance companies don't always pay, and I do think it's a bit naive for us to trust those insurance companies. So make sure you've got maximum 1 to 2 months living expenses in, in any one bank, and if you're lucky enough, for example, or smart enough to have built up, say, 12 months of living expenses, you probably want them in 6 different bank accounts. I know someone who's got more than 50 different bank accounts and their money diversified across all of them. Yeah, it's a bit of a logistical headache, but would you rather have a logistical headache but be safe and secure? So diversify your money into the bank accounts. The next thing is you need to remember what savings are for and what savings are. So the banks will tell you, 'Oh, saving is for your future nest egg, for your retirement, for your pension.' That's a lie. That's just not true. Because, um, for at least 12 years straight, savings have been lower than inflation, which means that savings are a net negative. Your wages haven't gone up over inflation, and interest rates on savings are lower than inflation. And even when interest rates are going up and they're 4% and 5% and more, they're still half of inflation, which means you're losing minimum net 5-6% plus a year, even if you can squeeze out 4 or 5% interest. So you need to know that savings is just a way for the banks to profit, and savings lose money every year. So what you need to do is look to save, one, for the discipline of not spending, and then two, to invest. So people think that savings is for your future. It's not. It's for banks' profit. So what— why would you save then? Well, number one, saving is better than spending, so it's a good discipline for you. Get money management and discipline. But then as soon as you've got enough, invest. Invest in an Omega MoonSwatch, invest in a deposit to buy a property, invest in gold, invest in the S&P 500, invest in the FTSE 100, invest to start a business. You know, there's 5 or 6 different things that you can do with savings that are probably going to get a better return. Now, the thing with the banks is they're supposed to be the safest. And they're supposed to have the lowest risk. But now the banks aren't the lowest risk, the lowest returns are not fair exchange. I believe that gold is a much lower risk than banks right now. I actually believe that the S&P 500 or the FTSE 100 long term is a lower risk than a bank right now. So I'm not prepared to have the low trade-off of low return, because if I'm having low return, I want absolute high security and low risk. Keaton said, I suggest people look at what a bank bail-in or bailout is. Yeah, I mean, when banks are rescued, it's paid by the taxpayer. So essentially, um, we give our money to the banks, they earn on our money, we risk our money, we pay interest to the banks, and the banks haven't created labor or created any value for that money. They've just created it out of thin air. We pay interest on them, we pay tax to the system, and then when the banks go under, we use our tax-paid money to bail them out. That's essentially the banking system. So it's a lose-lose for you and a win-win for the bank. Okay, so diversify your money, spread it into different bank accounts, into different assets. Know that saving is just to build up an investment pot and manage your money emotions and create discipline. Have you noticed, by the way, how Bitcoin has boomed? As the trust in the banks has got— it's almost been inverse. In this last week, as the 3 banks have gone bust, um, notice that Bitcoin went from $19,000 and something to $28,000 and something. Isn't that interesting? So let me ask you this: are you making plans to diversify and de-risk your money? Are you turning your savings into investments into recurring income? Are you self-insuring your money? Because knowing that the banks won't— how do you self-insure your money? You You invest in assets, you get recurring income, you make sure that it's not central bank or government reliant. People think that bonds are safe. I don't think bonds are very safe anymore. So if you'd like to make, manage, and multiply your money, get better financial education and knowledge, create multiple streams of recurring income, diversify your money, insure your money, and build this residual recurring and passive income from assets and capital that you control, you must learn to earn, and I believe you must invest in yourself because you are your best asset. You pay yourself the best return. And so I invite you to join Rob.team. Rob.team is my digital financial freedom platform. It costs you less than 20 pence a day. It's virtually free. Costs like less than a large coffee a month. You can cancel anytime, no ongoing contract, and there's hundreds of hours of courses, resources, masterclasses, and educational material. On making, managing, and multiplying money, on protecting your money, on diversifying your money, on creating multiple streams of recurring income, learning how to invest, learning how to beat the system. And to join Rob.team, it's really easy. Just open up a new web page right now and type in R-O-B dot T-E-A-M. Rob.team. And for less than 20 pence a day, you can cancel anytime. No ongoing contract, no risk to you. You can get better financial education that they don't want you to know in schools. Because the system doesn't want you to know how the system works, because then you'll know it's illiquid and insolvent and you won't have any of your money in the system and the system will collapse. And the system relies on you as a consumer. It consumes you. It sucks your blood. Oh, let's earn interest from you for the rest of your life. Let's tax you for the rest of your life. So actually, if you're awake, if you're financially awake, you're actually a threat to the system. System. And Rob.team will help you become financially aware and financially awake and financially independent. Um, and like I said, um, no ongoing contract, less than 20 pence a day, you can cancel anytime. So just open up a new web page, type in Rob.team. There's nearly 10,000 movers, shakers, changemaker members just like you. You can do collaborations and partnerships. You can learn to start a business. You can learn to start a side hustle. You can build multiple streams of recurring income. Chris has said here, Rob, I heard you're behind the Matrix, heard you're part of the elite. As if! Would I really be saying all this if I was part of the Matrix? As if! Um, Keaton's gonna check out rob.team. Remember, do it now, because when you end this video, life will get in the way, you'll get distracted. Um, but you know, I've got probably 40 to 50 different masterclasses purely on money— making it, managing it, multiplying it, ensuring it, diversifying it, increasing producing it, creating multiple streams of it, creating passive income on it. Remember, I wrote the UK's best-selling book, Money. I have the podcast Money, so I'm well trained and versed in this. People say to me, 'Oh, Rob, what are your qualifications? What are your financial qualifications?' Well, people who are financially qualified are usually broke. People who are actually qualified to run a business— because I've been running a business for 17 years, I've done more than £150 million in revenue, I did £23 million in gross revenue last year alone. So, you know, I'm actually doing this. I'm walking the walk, and, um, I have no ties to the system. I'm an entrepreneur, and I want to help people become entrepreneurs. I want you to help you become self-sufficient. John said, what's the best way to start my kids on being financially smart? Well, John, um, any Rob.team member, their kids get free membership. So, you know, I've got a foundation. I like to help young entrepreneurs So when you join rob.team, um, you can allow your children to come and join and learn for free. That's my way of giving back. So thanks for tuning in. Hope you found this content useful. Are any banks safe? Probably not. 3 have gone under in a week. Um, Silicon Valley Bank— the reason they went bust according to the regulators is they were illiquid and insolvent. Every bank is illiquid and insolvent. The whole system goes down if we don't trust the story that the banks tell you. The banks believe— make you believe that, oh, you're going to save and earn money and grow your wealth and retire and have a pension. This is an outdated story. This does not work. Um, 150-year-old bank in the name of Credit Suisse went under. More will follow. So make sure you join rob.team and learn how to earn, diversify, insure, and grow your wealth. Just type in rob.team. T-E-A-M. There's a 9-module, 10-hour How to Invest series there. There's, um, a masterclass on the 6 fastest ways to 10 grand a month, on the 5 fastest ways to 100 grand a year clear, on how to beat the money matrix. I did a whole masterclass on how to beat the money matrix. So thanks for tuning in. I'll see you in Rob.team. I wonder if you wouldn't mind sharing this because I think we need to get this message out to the masses because most people still don't understand this. 'Oh, well, I'm all right because the banks insure my money, and the banks are the safest place to put your money.' No, no, no, no. Hit the share button and make sure that you look after your friends, your family, and the people that follow you on social media. And remember, if you don't risk anything, you risk everything.