Exposing the GREATEST Banking Scam!

Exposing the banks as the greatest Ponzi scheme ever. A lot of people, especially Bitcoin evangelists, believe that the banking system, the central banking system, is one of the greatest Ponzi schemes. And I'm going to discuss what the banking system is how it uses you, uses you, and how you can use it back on itself to your advantage. Now, the problem I have with the banking system, the education system, is that they are smoke and mirrors. They are veils and fronts, and they're not transparent. I don't have a problem with a corporation making money. But the problem when it does it with a veil of, hey, yeah, the banks are for the people, save your money with us and earn interest, you— it's great to have money in the banks because it's safe. This is bullshit. This is absolute bullshit. And actually, when you go behind it The bank's job is to make money, and they're not transparent about that. The banks are set up to make money. The banks aren't set up to help you save, to help you invest, to pay you interest, to protect your money, to ensure your money. These, these functions are not the purpose of the banks, but the mass populace has been led to believe through indoctrination and hypnosis that this is what the banks are for and they do, and they do not. I can't work out if the— you— the central banking system is one of the best inventions of humanity or the greatest scams of humanity, or the greatest Ponzi scheme, should I say, of humanity. So what are the banks for? They are not for you to save and earn and protect and ensure your money. They are to make money, end of. Who do the banks make money from? You. What do they make money from? Your money. Sean Paul has just said here, you don't get rich saving money, you get rich investing money. The rich don't get rich saving money. They don't. The poor think they make money by saving money because they've been indoctrinated and hypnotized to believe that. The rich know that you do not get rich saving money and giving it to the banks. You get rich investing money. And when you give money to the banks, what do they do? Lend and invest the money. So the rich do it themselves and get rich. The broke give it to the banks, and the banks get rich, and the broke get broke. And this is how the system works. So here's an interesting thing to think about: is the money that's in the bank that you gave them, is it an asset to them or a liability to them? What is it on the balance sheet? Well, if it's cash, shouldn't it be an asset? But it's not theirs, therefore it's a liability. So it's an asset and a liability, but actually it's a liability because it isn't theirs. Because anything that isn't yours on your balance sheet is a liability, not an asset. So then how do they turn that liability into an asset? They lend it out. To who? To you. They borrow it off you, the people, and then they lend it back to the people. And it's a liability on the balance sheet. And by the way, when you give it to them, it's now become your liability. Your money should be your asset, but your money becomes a liability when you give it to the banks, because the banks can lend it out and earn on it, but you can't. And you're earning less than inflation on it. And they don't insure it, and they might keep it. Hmm. So money is actually a liability to the banks. That's why they lend it out, and they lend it back to the people who essentially loaned it to them. But here's the thing: if you loan money, you want interest, right? If you loan money, you want security, right? If you loan money, you want collateral and a guarantee to get it back, right? And if you loan money, you want to make profit on it, right? And you want the profit to be measurable against the risk, i.e., the higher the risk, the higher the profit, right? Wrong! Completely wrong. You don't get any of that when you give your money to the bank, but the banks get all of that. So is that the greatest invention ever? A system to convince the populace to give them all their money to get no upside benefit, all downside risk, but then the banks get all upside benefit and no downside risk? That is either the greatest invention in humanity or it is the greatest fucking scam and Ponzi scheme. So here's what happens. You save your money, but you know, you get negligible interest. They lend it out, and they lend it out at the bank's interest rate, which is way more than they give you. They might give you 0.5% or 1%. They might lend out at 5% or more, so they make a massive, massive margin. You're losing because inflation is more than interest rates. They're making a massive margin on your money, and they're not passing any of that profit back to you. And you are complicit, and you think your money is safe, and you think you're making money. Now, by the way, you know, when you talk about this, what do you get accused of being? Oh, conspiracy theorist. Oh, doom-mongering. Yes. Okay, so the banks take your money as a liability, they lend it back to you, turn it into an asset, they make money on the interest that they charge you, and then that cash becomes their profit and that becomes an asset. So they turn the liability of your cash into an asset of profit by interest on the money that they lend you, but you don't make any money, right? Here's the next thing: they don't want you to draw it out. Have you noticed it's getting harder and harder to draw your money out? Oh, you want to draw out cash? Oh, you can't do that, money laundering. Oh, you want to move that money around? Oh well, you've got that limit on the bank every day to draw out or to exchange. Or wait a minute, click all these buttons. Is it a scheme? Is it a scam? Blah blah blah. And it gets harder and harder and harder to get your money out. Why? Because the banks don't want you to take your money out. If you take your money out, the banks can't make money. The banks need your money in the bank to make money. So that's why it's getting harder and harder and harder and harder to withdraw your money. But of course, again, they don't tell you this shit. This is the whole smoke and mirrors thing. Now, money needs trust. No trust, no money. So the banks have to give you a story that you trust. It's safe, it's secure, it's insured, and earn a return. Oh, better than cash. Don't leave the money in the banks. Savings is good. So they give you, tell you all this story. Most of that is not true, by the way. Um, people say to me, oh yeah, but Rob, your money's insured in the banks, all right? Up to 85 grand, it's insured. Your money is not insured. You think it is. That's the story you've been told. Because if you knew the truth, you wouldn't give your money to the banks. If you knew that the banks could turn your money into their assets, they could freeze withdrawals whenever they chose and stop you withdrawing your money. If you knew that to be the truth, you wouldn't give them your money. That is the truth. It's happened in Japan, it's happened in Lebanon, it happened with Northern Rock in 2008 in the UK. And as the economy gets worse, and as people trust banks and the systems less, and as there is more exposure of this information, and as there are more challenger decentralized currencies like Bitcoin, people will finally wake up and go, holy shit, the banks is a great big Ponzi, or the banks are a huge profit center using us to make profit and not passing any of it to us. We'll all go fucked up, we'll all take our money out, and the banks will go, 'Wait a minute, we haven't got any.' Because here's another thing, there's a system called the fractional reserve banking system, which means the banks can legally lend out 90% of your deposits. Now, I own a company, right? Let's say you buy a product off me. I cannot legally lend out 90% of that money because I become insolvent. I.e., I am spending someone else's money that they have given me for a product or service. This just happened with FTX. I mean, Sam Bankman-Fried looks like he's created one of the biggest corporate frauds ever. He may go to jail for decades because he took money in on an exchange and then he used it for his other companies, and he's going to go to jail. The banks fucking do that. And they can do that legally. That's called fractional reserve banking. So why can't an entrepreneur do it but the banking system can? And people say that the banking system and the government are separate entities. They are not. They are not. That's just again another fucking story. Because the governments can just create the rules. So the banks can trade insolvently. They can take £100 of yours and lend out £90, give you virtually no interest and make a load of profit. and then if there's some problem with the economy or some kind of rule, um, they'll just go, sorry, assets frozen, bank closed, can't have your money. By the way, um, generally speaking, taxation and money generated by the system is used to fund wars. I'll maybe talk about that another time. So I want to I tell you this because, look, I'm actually not saying this is all bad. I'm saying this is possibly one of the best business models and inventions I've ever seen. But it also could be the biggest scam and Ponzi ever. The reason people call it a Ponzi is because money goes down in value over time because of inflation. And as the government print more money and make it, um, less scarce Um, it goes down in value, and the government can print away their own debt so they can keep borrowing more money and creating more debt, and they can erode it through devaluing money. So money goes down in value over time, and it seems to be having this velocity momentum where the more time goes on, the more it's going down in value. And inflation is 10% or 15% like it has been, money is going down 10 to 15% a year. So it's the money's sort of going down like that, because, you know, initially gold, your money was worth 99.9% of what you had in your hand. Okay, that's my gold, let's call that a dollar. That gold coin's worth a dollar, it's actually worth 99 cents point 9, because it's 99.9% pure gold. And for years or decades, that's what it's worth. But then people put a bit of lead in it, and now it's worth 98, 97, Uh, but with time, we seem to have this compounded momentum of the devaluation of money where it's worth less and less and less and less and less. And the, um, central banks and the government can perpetuate that and wipe out their own debt. So that's why people call, um, money the greatest— or the fiat currency system the greatest Ponzi scheme, because, um, you're never going to be able to get back what you lost in the value of your money. They can turn up interest rates when they want and earn loads more money, or essentially they can control inflation when they want and erode their debt and erode the value of money as and when they want. Turn the heat up, turn the heat down. And we've got nothing, no control, there's nothing we can do about it, nothing at all. So is this the greatest scam and Ponzi scheme that's ever been created, or is this the most genius business model that's ever been created? I'm not sure. What I don't like though is the smoke and mirrors. And the allure and the bullshit marketing and story that you're given even through your childhood, through your parents, through indoctrination, that the banks are set up for you and they're friendly and that's where you put your money and it's the best thing to do with your money. And you're taught really that saving is investing and that's how you grow your money, and it's a fucking lie. Now here's the thing, there are 3 stages to going from zero to billionaire. Stage 1 is you've got to learn the rules of money. Stage 2 is you can start breaking the rules of the masses of money. And then stage 3 is you make the rules of money. And the billionaires and the central banks, they make the rules of money, and that's why they become billion-dollar enterprises or individuals. Now, here's the solution to this, or at least what I think we can do. I love to learn from everything— good, bad, and ugly. Try not to do bad and ugly things, but you can still learn from bad and ugly things and try and take the best bits and do good with it. So actually, you can learn how the banks make and create money, how they use you. You could almost call it usury, what they do to you with your money in the banks. But actually, if you're smart, you can learn the rules of money and how the banking system works, and you can play them at their own game. And that's called being an entrepreneur, being an investor. So I would never give a decent amount of money to the banks because the banks are going to go and earn on it, and I'm not. So I'm going to do what the banks do, which is I'm going to take capital and I'm going to invest it, except the return comes to me, not to the banks. And in fact, I'm going to use the banks like they use me. So I want to buy a property asset. I'm not giving my cash to the banks, I'm putting my cash into the property asset so I can earn the interest on it, not the banks. And then I'm going to go to that bank that wanted to lend my money out, and I'm going to borrow money from that bank. And that bank will lend me money on property. And yeah, okay, I've got to pay the bank interest, but I'm using the bank's money instead of the bank using my money, and I turn the game back on the banks. By the way, the banks will play this game because they want interest from me. So when you learn how to play the banks at their own game and become an investor like the banks are, and you learn to turn your liability of cash into an asset, you win the game. You build multiple streams of income, you become an investor, you build assets, you become decentralized, you don't rely on the banks, you're not going to lose a shitload of money when there's a run on the banks. Now look, if you'd love to learn more of this, I wrote the UK's best-selling book on money called Money. I'm actually writing a new book called Money Matrix, exposing the money system and teaching you how to leverage the money system for your own benefit and gain. If you'd love to learn how to do this, become an entrepreneur, an investor, make, manage, and multiply money, create multiple streams of income, be decentralized, self-insured, and play the banks at their own game to become rich, like the rich do, I recommend you join Rob.team. Rob.team, it's my digital financial freedom platform. There's hundreds of hours of content on the subjects I've just mentioned. You can join now. It costs less than 20 pence a day. You're charged monthly. It's basically a large coffee. You can cancel anytime, no ongoing contract. So to join, to protect yourself from the fiat banking system and make, manage, and multiply money and become an investor and turn the rules of the game from the banks making profit out of you, to you making profit out of them, go join rob.team right now. Simply open up a new web page, type in r-o-b dot t-e-a-m. Open any web page anywhere where you can type in a URL, and all you do is type in r-o-b dot t-e-a-m. I can see people going because I can look at the numbers. So type in r-o-b dot TEAM. Go join nearly 10,000 movers, shakers, changemakers, and disruptive entrepreneurs. Observe the masses, do the opposite. Be greedy when others are fearful, and fearful when others are greedy. Make sure that you make profit out of the banks instead of the banks making profit out of you. But you just need to learn how to do that. If you found this content useful and interesting, you learned something, then imagine what you could learn, um, with hundreds of hours of courses, resources, and masterclasses in Rob team. I do Sunday session lives every Sunday. I do various events on making, managing, or multiplying money, monetizing social media, becoming an investor, becoming an entrepreneur, um, making sure that you have multiple streams of recurring income, digital assets, physical assets. You name it, it's in rob.team. So final call, go join rob.team by typing in R-O-B dot T-E-A-M. Rob dot T. See you in the members area, because right now with what's going on in the world— big crash coming, big recession coming— it's vital that you learn how to protect your money, make, manage, and multiply money, um, and that you don't fall victim to when the banks crash, because they did in '08, and what's to say they won't again? You don't want your money getting wiped out by inflation. You don't want the banks earning all the interest and you earning nothing. So it's vital. You must become your own independent financial advisor because you are the only one that's independent about your money. You must learn how to invest your own money and get a return on your own money because the banks don't care about you. So, quick summary: the banks are there to make money, not to serve you. They make money from your savings that they lend out. They don't actually give you hardly any interest or return. They charge the bank, essentially, the bank, oh, I'm a bank, I want to charge whatever I want in interest, and they make a massive margin on your money. Um, they turn your— your money is supposed to be an asset, they make it a liability to you and an asset to them. They lend it out, you take all the risk, there is no insurance, there is no guarantees. They can lend out 90% of your money. If you— if everyone— if, if 11% of the populace wanted their money back, banks couldn't pay it back because 90% of it's been lent out. We're pretty close to maybe the situation where 11% of the populace might want their money out of the banks. And what pisses me off is the smoke and mirrors and the lack of transparency around this. But then maybe that system would fail if— because money is supposed to be based on trust, except that There is no honesty with the banking system that I can see. But as a business model, it's pretty fucking smart. But as a servant to humanity, is it net good for humanity? No, it's not, because it's not there to serve you. It's supposed to be a public institution. It's not. It's a private corporate enterprise. Something to think about. So I'll see you in Rob.team. Thanks for tuning in. Let me know what you think in the comments. And remember this: if you don't risk anything, you risk everything. And I wonder if you might share this. We need to get this message out to as many people as possible. I'm stuck right in the middle between genius business model of the banks and greatest Ponzi scheme I've ever seen. Let me know what you think in the comments. Thanks for tuning in.