George Gammon, Released on 5/27/20
The banks no longer have reserve requirements! 👉 WHAT DOES THIS MEAN FOR YOU? 👈 The Federal Reserve came out with the bombshell announcement and Mike Maloney did an excellent video outlining the insanity of the whole thing. One of the biggest areas of confusion for the average person, is how bank reserves actually work. So in this video I wanted to expand on what Mike outlined, so I guess you could call it “George Gammon Reacts To Mike Maloney!” Also, why would the Federal Reserve eliminate the reserve requirements? What’s their motivation?
1. How most people see the banking system (it’s wrong).
2. How the banking system, and reserves actually work.
3. Why would the Federal Reserve eliminate the reserve requirements in the first place?
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and shifted his focus to real estate, where he has remodeled and flipped 40+ properties in and out of the United States. Recently focusing on Medellin, Colombia. He controls a multi million dollar real estate portfolio which focuses on buying distressed properties, remodeling, and selling or renting. Currently, in addition to running his real estate investments, George produces “George Gammon“, a YouTube Channel that will help you build and protect wealth through investing, real estate and an extreme dose of the economic RED PILL.
George Gammon: Is Your Money Safe? Shocking Answer… (Bank Reserve Secrets Revealed!) added by Herman James on
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So is congress finally discussing bringing back Glass Steagal? Just as good a question is why did congress allow this ‘no reserve’ requirement — it seemed only yesterday that the banks were given orders to hold a percentage in reserve. Next, was their holdings of gold being allowed to be included as part of their required reserves. Now, this? Is the president and Steve Menuchin (sp) working to prevent what you are seeing as a power grab? Or, is the Fed working with the president and the Treasury in preparation for the overdue financial collapse and feel that it can be handled better if the reserves were all in one place (at the Fed). But, if the Fed goes to negative interest rates and put the smaller banks in that vulnerable situation, threatening their existence … well then, where is congress to protect depositors’ monies? The FDIC … I don’t think so. And, how long would it take for a person to get access to any funds the FDIC covered if their bank closed? It’s their monies and that money is relied on to function in this world. It’s no wonder more and more people are not trusting banks!