We’re no longer on the Fractional Reserve System, but instead on an Infinite Reserve System, wherein banks are no longer required to hold a portion of the deposits to lend out, and NOW They’ve also changed savings accounts to be viewed as essentially checking accounts. Most people need to wise up like Today….
Are you a jet-setting babe who wants to stay ahead of the game when it comes to your finances? Then listen up, because I’ve got some insider bank knowledge that you need to know!
First things first: did you know that traditional savings accounts are now essentially checking accounts? That’s right, the interest rates on savings accounts have plummeted to the point where they’re hardly worth the trouble. Meanwhile, checking accounts are offering less perks and benefits than ever before. This might seem like a small thing, but it’s actually a huge shift in the banking world that most normal people don’t even realize.
But that’s just the tip of the iceberg when it comes to the risks of traditional banks. You see, many people assume that their money is safe and secure in a bank account, but the truth is that banks are just as vulnerable to financial crises as any other institution. Remember the 2008 recession? Banks all around the world collapsed or had to be bailed out by the government. If you had all your money in a bank account at that time, you could have lost everything.
So what’s a jet-setting babe to do? Well, for starters, you should consider diversifying your assets. Don’t just rely on a bank account to keep your money safe. Invest in bonds, Gold, Silver, crypto, land or even digital real estate to spread your risk around. And if you do decide to keep some money in a bank account, make sure you choose a bank that’s stable and reliable. Do your research and read up on the bank’s financials before you commit.
Another option is to look into alternative banking solutions, like online banks or fintech companies. These companies often offer higher interest rates and better perks than traditional banks, without the same risks. Plus, they’re often more convenient and user-friendly than brick-and-mortar banks.
At the end of the day, it’s all about being informed and proactive when it comes to your finances. Don’t just assume that the traditional banking system is the best or only option. Explore your options, do your research, and make informed decisions that will keep your money safe and growing. As a jet-setting babe, you deserve the best, and that includes the best financial advice and options available.
The average person knows only to save money in a bank account or a tin can....time to wise up!
