Episode 22: Banks Suck! Why They’re Failing You and How You Can Beat Them at Their Own Game

Why do banks seem to always be one step ahead while consumers get left behind? In this episode, Rich discusses the broken banking system, exploring how it impacts your finances and what you can do about it. He shares real-life stories of how banks prioritize their interests over those of their clients and discusses an alternative approach to lending that empowers individuals.

You’ll learn how to:

• Understand fractionalized banking and how it benefits banks
• Use fractional lending to your advantage
• Navigate bank limitations and find better alternatives
• Protect yourself from poor banking practices
• Build a reliable, community-driven lending system

What You’ll Learn in This Episode:

(00:27 - 01:00) Banks fail you due to fractionalized banking and liquidity issues.

(02:10 - 03:00) Banks prioritize liquidity and target borrowers with money, not defaulters.

(03:15 - 04:00) Liquidity problems cause banks to call in loans unexpectedly.

(05:20 - 06:00) Foreclosures result in auction failures with no buyers..

(07:15 - 08:00) The banking system makes decisions that benefit themselves, not clients.

(09:15 - 10:00) The magic of fractionalized banking—lending out more than deposits.

(11:15 - 12:00) Banks profit by charging high interest on loans with little risk.

(12:10 - 13:00) Private lending vs. banks: Risk and return differences.

(13:10 - 14:00) Comparing private sector lending with banks' system of fractional lending.

(15:15 - 16:00) Why banks don’t care about individuals, but private lenders do.

(16:10 - 16:48) The opportunity to become a responsible lender and challenge banks.

Who This Episode is For:

• Anyone interested in learning how the banking system works
• People wanting to understand how to beat the banks at their own game
• Real estate investors looking for insights into bank practices
• Private lenders are curious about fractional lending
• Anyone interested in how banks make money and how to challenge their system

Why You Should Listen:

If you're tired of banks controlling your financial destiny, this episode will give you the knowledge to take charge. Rich Lennon’s personal experiences with the banking system and real-life stories will change how you view traditional financial institutions.

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