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Episode 52: Fractional Reserve Banking, Inflation and the Federal Reserve
Description
There can be lots of different reasons to get started in IBC - but one of the biggest ones is the banking system itself.
In this week’s episode, the guys decide to take a step back and look at some of the broad reasons why IBC has made so much sense for so many people. They take a break from the specifics to review the banking system. How does it actually work? How did it come to be? And most importantly: what is so wrong about it?
Additionally, Dave and Paul also explore inflation and demonstrate how it’s a short trip downstream from the banks themselves. You won’t want to miss this foundational episode!
Episode Highlights
(0:00) - Introduction
(0:29) - Episode beginning
(2:03) - Live Q/A info
(3:56) - Inflation and fractional reserve banking overview
(10:55) - Focusing in on the history of banking
(15:55) - Inflation
(21:06) - Back to reserve banking
(30:03) - Episode wrap-up
Join us on February 16th at 7pm Central time for a live Q&A with Paul and Dave! Register here:
https://us06web.zoom.us/meeting/register/tZIkd-ioqDspEtCvgXUz6_tETGYVCUNpI9vf
Is IBC for you? Use this link to schedule and intro call with us:
https://calendly.com/dave-743/wealth-warehouse-intro-call
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email:
davidandpaul@theibcguys.com