This Would Be Illegal… (Unless You’re a Bank)

This Would Be Illegal… (Unless You’re a Bank)

You’re not going to believe what banks are legally allowed to do with your money, cuz if anyone else tried this, they’d be in jail.In this video, I walk you through a financial system that looks like a scam… but is completely legal, because the people running it wrote the rules. At first, it might sound like I’m talking about a shady crypto exchange — customer funds re-lent out, leveraged bets, no permission, no consent, no accountability. But I’m not talking about crypto at all.I’m talking about your bank.Fractional reserve banking is often treated like a boring economics term, but once you see what it actually means — and how it affects your savings, your purchasing power, and the very money you use — it starts to look like the biggest financial fraud of the last 100 years.And the craziest part? They don’t even hide it.It’s just been normalized.If you’re rethinking the system right now, there is an alternative. That’s where Bitcoin comes in.00:00 - This sounds like a crypto scam…00:33 - But it’s not illegal. It’s your bank.01:05 - The biggest scam hiding in plain sight01:40 - How fractional reserve banking works02:45 - Where your money actually goes03:33 - What causes bank runs04:10 - Why FDIC insurance is a confidence game05:00 - Banks vs FTX: what’s the real difference?06:05 - The hidden cost of bailouts06:40 - The scam behind the modern monetary system07:27 - 1971: When it all changed08:00 - The system isn’t broken — it’s rigged08:25 - What makes Bitcoin different09:10 - If this is fraud… we’ve been scammed since birth09:30 - Final thoughts + call to actionValue 4 Value: If you enjoyed this content feel free to zap me some sats via the lightning network: MFTAB@coinos.io or https://coinos.io/mftabNYKNYC. Buy Bitcoin and withdraw to self custody with Bitcoin Well. Use my referral link for a chance to win free sats: https://bitcoinwell.com/referral/mftabFollow MFTAB: @MFTAB https://x.com/thesatdaddyprimal.net/mftabhttps://www.tiktok.com/@thesatdaddyhttps://open.spotify.com/show/4b58uoQo9Xl7RsbsbbAqAhhttps://podcasts.apple.com/us/podcast/my-favorite-thing-about-bitcoin/id1788973938http://fountain.fm/show/YqXJoHuG6qYRBmDW1k37

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Episoder(194)

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