Ep. 82 - The Truth Exposed: How Banks Really Work and What Changes Are Coming

Help Shape The HMO Property Show! Tell us what you love, what you'd change, and what topics you want next. Take our quick survey here: https://wkf.ms/419QNLa In this in-depth episode, Neil Gibbon delves into the inner workings of the current banking system and explains how it has become broken over time. He begins by outlining how fractional reserve banking allows banks to lend money that they don't actually have in reserves, which has expanded the money supply over the decades. Neil discusses his experiences trying to withdraw and transfer large sums of cash from banks, and how difficult they are making it for consumers to access physical money. Neil then talks about the enormous amount of money printing that central banks around the world have engaged in since the start of the COVID pandemic. He shares statistics on how over 80% of all US dollars in existence were printed in just an 18 month period from 2020 to 2021. Neil explains how this unprecedented money creation has led directly to the high inflation we are seeing today. Goods that used to cost a certain price are now much more expensive due to the devaluation of currencies as a result of the huge money supply expansion.   The main focus of the episode is on the upcoming shift that is beginning to take place towards central bank digital currencies (CBDCs). Neil warns listeners that this transition will give banks even greater control and surveillance over consumers' financial lives. He outlines how with a CBDC system, every single transaction a person makes could be tracked, monitored and have additional fees applied. Banks would know people's entire spending habits down to the smallest purchases. Neil also discusses issues like "de-banking", where certain individuals in countries like the UK are having their bank accounts closed for political reasons. Neil urges listeners to try and get control of as many tangible assets as possible, like real estate, before the full transition to digital currencies is complete. He believes people need to reduce their debt levels and remove themselves from being fully reliant on the traditional banking system. Overall, this episode provides a detailed look into the current problems with banks and money creation, as well as a concerning preview of what a fully digital financial system of the future may bring. Neil encourages taking action sooner rather than later to protect long term financial independence and privacy. Chapter markers: 0:00-5:00 Introduction 5:00-10:00 How the banking system works 10:00-15:00 Money printing and inflation 15:00-20:00 Upcoming changes to digital currencies   For more information, visit For those that prefer to watch you can also catch us on YouTube. Want help with your investment strategy? Reach out to us for a free, no-obligation initial chat with our team and see how we can help you with your investment journey. Book Now Join the Perth HMO and NDIS High Cashflow Investment Properties Facebook Group.   The HMO Property CoWebsite: www.thehmopropertyco.com Instagram: @the_hmo_property_co FaceBook: The HMO Property Co LinkedIn: The HMO Property Co YouTube: The HMO Property Co TikTok: thehmopropertyco_ Spotify: The HMO Property Show Apple Podcast: The HMO Property Show Living Rooms - https://livingrooms.com.au/ Disclaimer Nothing on this channel should be considered tax, financial, investment or any kind of advice. Everyone should do their own due diligence as only a professional diagnosis of your specific situation can determine which strategies are right for your situation. Our goal is to frequently feature edgy and actionable value, thought leadership and property/investment strategies.