You’ve probably never questioned how banks actually make money. Most people haven’t. But once you see the numbers—the profits, the leverage, and the risk—you might think twice about keeping your retirement savings in a bank account.
In this episode, I break down:
How banks use your money to earn 200% to 700% profits
What fractional reserve banking really means
Why the 2008 crisis wasn’t the last time the system failed
And why insurance companies that issue annuities play by an entirely different set of rules
If you’re comparing CDs, money markets, or checking accounts to annuities, this will help you see what’s happening behind the curtain—and why I don’t use banks to store my own money.
