Wealth DynamX Takes A Stand Against Financial Institutions | Grant Cardone TV

Wealth DynamX Takes A Stand Against Financial Institutions

In this Show

Banks borrow your money and lend it out to others while paying you little to nothing. It’s true! This is called Fractional Reserve Banking. When you deposit your money to a bank, they are allowed to lend your $1 to nine other people These 9 other people can now deposit their dollar into their bank who will then lend that 1/9th dollar to 9 other people. The result? Currency devaluation. We know this as inflation and fractional reserve banking is one of the main culprits behind it. Learn more: https://www.wealthdynamx.com/potential/