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3 Banking Industry Truths You Should Know

The 3 banking industry truths you should know before giving them all your trust. Visit: http://www.golvercard.com/banking-industry-ebook

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3 Banking Industry Truths You Should Know

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  1. 3 Banking Industry Truths You Need To Know GolverCard.com | @GolverCard

  2. Banking Industry Truths Banking Industry Introduction: Of all the peculiarities about human nature, one of the most interesting in our opinion is that we’re so resistant to change. Humans simply don’t deal with it well. We tend to root. We find comfort in familiarity. Many of us prefer to suffer through something that we know rather than change things and risk the unknown. This is why people will work at a job they hate or continue working for bosses they dislike at jobs they despise…It’s the fear of change. GolverCard.com | @GolverCard

  3. 1) Banks Like To Gamble Banks Like To Gamble Traditionally, banks were no different than a secure storage facility: depositors would pay a fee in exchange for the bank safeguarding their savings. These days a lot of people might pay 50 bucks a month at a U-Store-It place to store $10,000 worth of things. So why not pay a small fee for a banker to store $10,000 worth of cash? The reason is that banks don’t operate like a storage facility. Banks, on the other hand, are actually ENCOURAGED to take your hard earned savings and make a few extra bucks on the side. GolverCard.com | @GolverCard

  4. Banks Like To Gamble You probably already knew that banks loan your money out at a profit. But did you know that government regulators allow banks to self-regulate when it comes to risk and leverage your money? Think of it as if, the US Nuclear Regulatory Commission allowed a nuclear power plant company to set their own safety specifications with no independent review. And if things go bad, the regulatory commission simply blamed the workers, instead of the company for it. GolverCard.com | @GolverCard

  5. Banks Like To Gamble Today, banks continue to use the same risky methodology and exposure they were using before 2008 in regards with your money, because it allows them to use excessive leverage and make large profits while being “helped” by taxpayers when things go wrong. Banks have never properly managed and mitigated risk, they just shift risk to us. So that at the end of the day, we pay for the consequences with our money and value. GolverCard.com | @GolverCard

  6. 2) Banking System Is Very Weak Banking System Is Very Weak You could just withdraw most of your balance in your bank account, then pay a small fee for a safety deposit box that you stuff full of cash. Cheaper. Easier. Better. Cash in your hand might pay 0% interest, but at least is outside the banking system... so nobody gambles with it. But there’s a huge problem with this approach: there’s very little physical cash in the system. GolverCard.com | @GolverCard

  7. Banking System Is Very Weak So just imagine if even 10% of people withdrew their money in cash –  there wouldn’t be enough cash in the system to support this demand. Result is that banks would subsequently collapse. Just like individual people calculate their ‘net worth’ by adding up all of their assets (cash, property, and investments) and subtracting liabilities (loans, credit card debt, etc.), banks, including the Fed have a net worth as well. But for the Fed, and its $57 billion net worth only constitutes about 1.28% of its massive $4.5 trillion balance sheet. This means that if the value of the Fed’s assets drops by more than 1.28%, the Fed will be bankrupt. GolverCard.com | @GolverCard

  8. Banking System Is Very Weak Consider the massive impact on the world if the central bank of the United States of America went bankrupt. We don’t have to look too far to find examples; Iceland’s central bank went bust in the early days of the 2008 financial crisis. And almost overnight the currency went into freefall. Acurrency is a liability of a central bank, and if you stop to think about it, the same is for any private financial institution or anyone who holds currency. When a central bank goes bust, its liability loses value, and so do you. But the data is overwhelming: the banking system is not safe! GolverCard.com | @GolverCard

  9. 3) Banks Do Not Protect You Banks Do Not Protect You From the US in 1933, to just like we saw in Cyprus in 2013. Governments have declare a ‘bank holiday’ and then impose some sort of freeze on withdrawals, while the they try to figure out if they will rescue the banks or not. And they do not do this to protect you, but to keep banks afloat. In the US, some of the more prevalent names in finance have started calling for an outright ban of cash, including many prominent economists. GolverCard.com | @GolverCard

  10. Banks Do Not Protect You Greece is another great example – they’ve already implemented a tax on cash withdrawals and wire transfers. If there’s one thing we love about Argentina, it’s that no rational person there trusts the government and banks. For years now, the government has heavily restricted the flow of funds out of the country. It’s actually a criminal offense to leave the territory with more than 10,000 USD in cash. Transferring money out of the country through the banking system requires significant paperwork. One of the first things they’ll do is bounce your funds transfer request to the tax office so that the government can ensure they’ve taken their fair share of your savings. GolverCard.com | @GolverCard

  11. Banks Do Not Protect You Then, whatever funds are allowed to leave must be transferred at the official exchange rate, which is presently about 30% worse than the street rate (what they call the ‘blue rate’). These measures are all different forms of capital controls, designed to prevent you from taking your money away from a destructive system. Which helps you serve them, instead of the other way around. When a government is bankrupt, the central bank is nearly insolvent, the banking system is illiquid, and an entire population suffers from interest rates that are either negative or below the rate of inflation. GolverCard.com | @GolverCard

  12. The Wrap Up At the end of the day, banks are not ALL bad, but they do things that you should be aware of BEFORE you give them all your TRUST and MONEY. You have options, better options for your money. Read page: http://www.golvercard.com/banking-industry-ebook GolverCard.com | @GolverCard

  13. GolverCard Explainer Video GolVerCard is An Innovative Savings and Payment System Backed by Gold and Silver. We offer the benefits of the precious metals industry through gold & silver, with all the advantages of the banking industry. Watch Our Explainer Video! Or click url: http://www.golvercard.com/introduction

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