How The Banking System Is Making You Poorer (Without You Finding Out)

Get a 10-Day Free Trial of Market Insiders: https://theminoritymindset.com/Market-Insiders . . Banks make money by lending money. If you over leverage, it's pretty obvious that you can go broke. However, banks have another hidden way of making you poor Subscribe To Our Channel: http://bit.ly/M2YouTube 🚨Read Our FREE eBook🚨 Get Richer Sleeping - Investing 101: http://bit.ly/m2InvestingeBook How Banks Are Making You Poorer Without You Finding Out 0:15 - Banks make money from interest and fees 0:45 - The banking system is designed to make the majority of people poorer even if you don’t have any debt 1:40 - The bank makes more money when they have more money to lend out 2:25 - The banks use Fractional Reserve Lending to print money out of thin air 3:03 - Only banks can do Fractional Reserve Lending 3:22 - Who pays the price when banks print money out of thin air 4:10 - Printing money creates a hidden tax called inflation 4:30 - Saving money is losing 5:05 - How to spend your money so it makes you money 5:50 - Why you need to buy income producing investments What Is The Minority Mindset? The Minority Mindset has nothing to do with the way you look or what kind of family you're from. It's a mindset. Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000. Think from the mindset of a consumer and be the provider, that's the Minority Mindset. Don't be the majority. #MIH #ThinkMinority #FinancialLiteracy Twitter: @M2JaspreetSingh Personal Instagram: @M2JaspreetSingh Instagram: http://www.Instagram.com/MinorityMindset Facebook: http://www.Facebook.com/MinorityMindset See more & read our blog! http://www.TheMinorityMindset.com This Video: https://youtu.be/C7osfyLO23w Channel: https://www.youtube.com/MinorityMindset Video host: Jaspreet Singh