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I’ve taken all my cash out of banks and this is where I’ve put it.

I've taken all my cash out of banks and I've put it somewhere else that's both safer and gets me a higher return. The economy has changed.

Watch on YouTube I’ve taken all my cash out of banks and this is where I’ve put it.

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Format
Short
Origin
MoreMozi Shorts
Transcript
Full transcript on this page

Key takeaways

  • Why don't they talk about this?
  • That's the business.
  • Why would they tell people?

Chapters

  1. 0:00
    Abschnitt 1 I've taken all my cash out of banks and I've put it somewhere else that's both safer and gets me a higher return.
  2. 0:27
    Abschnitt 2 You can go to whatever exchange you invest on, go and buy a bond.

Full transcript

Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.

2 segments

0:00I've taken all my cash out of banks and I've put it somewhere else that's both safer and gets me a higher return. The economy has changed. There's inflationary pressures, crypto has crashed, stocks have crashed. What do you do with your cash? When you put cash into a [music] bank, they take your money for 0.1% a year and then they give it to the government and the government gives them 4% a year, 40 times what they pay you. Who is more likely to go under? Bank of America, United States government. Bank of America. Who pays me more? US government. Buy US Treasuries.

0:27You can go to whatever exchange you invest on, go and buy a bond. It is not complicated. I'm not seeing Treasuries as an investment vehicle. I'm seeing it as a bank account. Why don't they talk about this? They are happy to take your money and go make 5% on it and pay you 0.1. That's the business. Why would they tell people?