The Recent Bank Runs: How Fractional Banking Works and Why We Have Booms and Busts in our Economy - Episode 267

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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