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