[VIDEO] Watkins tends to go on and on, however, what if he's right when he says ultimately that banks will become obsolete. In what way? Well I'm finding out how banks will only give you so much for your money.
So hopefully many of you have money in an interest-bearing account and we're in an environment of high inflation. I've been looking at interest rates for such accounts checking or savings and I realize I'm not getting a decent return. So one thing that Watkins would suggest is for example use some of your savings not all of course and that's my advice and put it into the stock market to start.
When you think about it the bank is doing roughly the same thing. With your money that you put into an account they're using that money to lend. That's capital for them and in an inflation environment I would think that if interest rates aren't great and probably not the best return.
No comments:
Post a Comment
Comments are now moderated because one random commenter chose to get comment happy. What doesn't get published is up to my discretion. Of course moderating policy is subject to change. Thanks!