Show Notes
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Rob explains who really owns your money once it's in the bank. He covers seven ways banks can use, restrict, and take your deposits, from paying their bills to freezing accounts based on your political views. He shares real examples, including Andrew Tate's frozen £16 million and Nigel Farage's account closure.
KEY TAKEAWAYS
• Banks control your deposits, not you! They can lend out 90% of your money under fractional reserve rules and use the rest for their operating costs.
• Deposit insurance has limits, the £85,000 protection applies per banking group, not per bank, and relies on the debt heavy government as guarantor.
• Banks can block access to your money including setting withdrawal limits, restricting crypto purchases and they can demand explanations for large withdrawals.
• Account closures happen for political reasons. Banks can close accounts based on your views or social media posts, as seen with Nigel Farage and Andrew Tate.
• Banks can operate knowing they can't pay if just 11% of customers want their money back at once. The system allows legal insolvency.
• Physical assets give real control, gold, silver, property, and other physical items can't be frozen or seized like bank deposits.
BEST MOMENTS
"If you borrow a million quid from the bank, you have the problem. If you borrow a hundred million from the bank, they have the problem."
"Andrew Tate told me that the banking institutions froze 16 million pounds of his money... I wrote off the 16 million."
"The banks can use your money for their operational costs... they can use it to buy elastic bands, paperclips, have their senior managers go and have dinners."
"As soon as there's no cash, their ability to do this goes up by 10x and your freedom goes down by 10x."
VALUABLE RESOURCES
bit.ly/Robsupporter
rob.team
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979
See omnystudio.com/listener for privacy information.
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