The recent bank runs. How does fractional banking work? Is it really profitable until it all stops?

Links and Resources from this Episode

• DISCLAIMER
• For resources and additional information of this episode go to http://engineeroffinance.com
• Connect with Ken Greene http://engineeroffinance.com
• Office 775-624-8839
• https://www.linkedin.com/in/ken-greene
• https://business.facebook.com/GreeneFinance
• https://nypost.com/2023/03/13/first-republic-bank-falls-over-60-after-svb-signature-collapse/
• https://www.federalreservehistory.org/essays/glass-steagall-act#:~:text=The%20Glass%2DSteagall%20Act%20effectively,D.%20Roosevelt%20in%20June%201933
• https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/ 

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Episode Highlights

• How do banks work?
• Ken’s thoughts on the fractional banking system
• Banks and credit unions lending out money at a higher interest rate
• How media often simplifies complicated financial concepts
• The government’s role in preventing a total economic collapse
• The dangerous practice of fractional banking and its potential to cause a house of cards effect
• Risks of a strong crash in the housing and stock markets
• The importance of liquidity and diversification for individuals
• Being prepared for potential economic downturns
• Investments in gold, silver, and cryptocurrencies as hedges against inflation and the risks and concerns associated with them

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