The Biggest Bank Lie Ever Told – They Sold What Didnt Exist | I Allegedly

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Summary

➡ I Allegedly talks about how banks have been caught lending money they don’t have and trading precious metals they don’t own. This unregulated practice, known as fractional banking, has led to high interest rates and fees, especially affecting the poor. Now, the banks are facing the consequences of their actions. Additionally, the scarcity of precious metals like silver, which is in high demand for electronics and batteries, is causing its price to skyrocket, with predictions it could reach up to $250 an ounce.

 

Transcript

Hey, it’s Dan. Welcome back to I Allegedly. I’ve got a good one for you today because The banks were allowed to cheat and they’ve been caught and we’re seeing it all around us right now Please hit the like button. Please subscribe to the channel. We have a sponsor today Prima Labs, and I’ll talk about them in a bit, but Let me tell you a little story. Banks were allowed to lend money that they didn’t have. They were allowed to buy and sell precious metals that they didn’t have possession of and Everybody kind of looked the other way, but now it’s catching up to everybody.

Think about this You have a bank and you make a deposit. I’m just going to use round figures You put $100 in the bank. On average most people pull out 10% of their money at any given time So you’ve got $10 in your pocket. The bank has 90. What does the bank do? Well, they go lend that $90 out to people insurance products loans, home loans, equity lines, credit cards, everything. But the problem was the banks were not regulated from doing this over and over and over again with the same $90 and What you’re seeing is the fractional banking nightmare has caught up with these banks They have charged us egregious Interest rates.

They have charged us ridiculous fees They have preyed on the poor and the lowest end of the communities that have gone out and can’t afford this and people that are I get paid Friday. I’m gonna use my debit card. I may have some Some fees between now and then but ah, who cares? I’ll get through that horrible horrible idea Okay, so this is all catching up with the banks right now and you know Most people when they put their money in the bank, they think that the money’s there and that you know I my buddy’s sitting there Dan.

No, your money is not sitting there and Banks just didn’t do things like lending money. They invested in stocks They bought assets. They became investment banks and remember during the last economic downturn of 2008 They allowed places like Capital One the credit card company to become a bank Discover card to become a bank all these different places that had no business Putting the BANK line on themselves got that honor to do that Okay Historical anchor and pertinent, you know important things to look at, you know 1929 crash was built on the same principles we have today What we’re witnessing right now in the metals market is insanity now I have told you since the first day of this channel I Start talking about news We start saying you should own some silver for all everybody out there for the last Multiple years I have said one thing and it has gone one direction and that is up I’ve said the same thing about gold Hey, if you can’t afford gold get yourself into some silver because there’s just not enough mind every year to keep up with the demand Now when you go to CES the Consumer Electronics Show and you see places like Samson that want to build a battery That’s going to require basically two and a half pounds of silver in it to make that battery.

Oh What are they gonna get that they’re not they’re not they’re gonna have such problems But as silver the other day just crossed over a hundred dollars I am one of the people that believe that you’re gonna see gold hit six thousand dollars Where do they get that figure from Bank of America Bank of America said forget the five We’re gonna go to six and you could easily see silver surpass $150 now, I think it’s gonna be $250 an ounce. That’s what I think The problem that you have with all the precious metals right now is there are not enough Mining silver is mined as a by-product You just don’t pull silver out of the ground and find a nugget all these great tick-tock videos that people send me of where They go to a stream and they set up the little trough and everything flows through it and the guys gets you know I got eighteen hundred and eighty dollars the silver for a Saturday afternoon.

You don’t do that with silver Actually silver gold you don’t do that with silver that you do with gold You know for decades they weaken the banking laws they made it so that this was all possible but now it’s catching up and You know our money is not our money, but the ETFs for silver the Different ways of buying it have been nothing but problems. I love the silver miners guys I think that these places are going to go through the roof because what you’re going to see and Like Bob Kudler said is you’re gonna see places And businesses like Samsung like Tesla go out and buy their own silver mines We don’t want to mess with with buying it on the open market.

We don’t want to deal with foreign governments We want to own the mines. That’s what you’re going to see happen next Mark my words You know it’s it’s crazy We’ve seen so many things in the banking industry where they’ve taken over banks and they’re Labeling people corporations. They’re giving us different names instead of being depositors It is crazy, but one thing that’s not crazy is that the banks. I believe are in trouble I have been told that it’s silver cross the magic Parallel line that will never happen at $100 that we’re going to see margin calls and all these banks I Haven’t seen it yet guys Haven’t seen it yet because of the shenanigans because they’re a den of liars and because they’re allowed to cheat They’re going to manipulate they could be physically upside down, but this is different than owning a Popeyes chicken Hey, we need somebody to work the fryer We need somebody to work the front door you need somebody to sweep up you need somebody to maintain and clean the restaurant Okay, a bank a bank and these silver, you know reliant Organizations can do whatever they want right now.

They don’t have to be Operational and make a profit they’re going to tell you they’re making a profit, but they’re not going to so Fascinating guys absolutely fascinating read the articles below You know as fractional banking moved into silver banks sold ten times more credit than deposits. We know that Boy on banks or ten times more silver than they had. Well, you know what I want I want to drive over to my silver now. Here’s the thing. I Only deal with reputable companies and I love that I love that Hey, show me where the silver is that show me where the gold is that you know what they do they show me Oh, you go to this depository or the people own it themselves Showing me how that’s done buddy of mine on Friday You know, I had a doctor’s appointment and then We’re supposed to have lunch.

We had scheduled for like a month and I felt really bad that I made him wait and We got to spend you know, a few hours with lunch and hang up and having a good time Yes, we hear you. Thank you. What do you feel about silver and banking scams? Thank you anyways So after lunch, we’re driving back and I’m like, hey, let’s not hop in the freeway Spend a couple hours there. Let’s go to my savor favorite coin shop and let’s go see this guy And I want to get you’ll get a real education real quickly because this guy’s really knowledgeable.

So we walk in there and He is only buying silver right now Gold nobody wants to sell it, but he’s offering ninety-five percent You want to sell some gold it will give you ninety-five cents on the dollar for that right now the problem with silver right now is that junk silver ninety percent coins, you know six 1964 and Older is basically 65 times the values what they’re selling it for but you know what then I don’t want it I don’t want to buy it right now and I’m just gonna tell you know because of the fact that the Wholesalers don’t want it right now.

They don’t want the junk silver. So a dime a dime silver dime is six dollars and fifty cents Quarter is sixteen dollars and twenty-five cents to buy silver quarter right now the guys that’s insane Now I have a brother who God love him But he used to have a hobby that we made fun of him on hey cheapo. What are you doing today? Oh, yeah, looking through some quarters looking through some half dollars a half dollars Anyways, but what he would do is he’d go get himself 250 500 bucks worth of quarters and sit there in front of his TV shows and just go through open them up Go through it and find silver now we made fun of him for doing this But think about this this guy is hit his one night that he was like wow, you know what we did Last night found 22 silver quarters in there now It’s profit now.

He’s not stupid now. It’s now it’s real at this point You are going to see gold. I believe hit six thousand dollars amount. I believe you’re going to see silver hit 250 dollars now, but who cares? I’m not selling mine my friend that was there, you know, he had he had ornate Silver like I made my I allegedly coins that cost me about thirty bucks apiece to make and people are like Oh my gosh, you spent thirty dollars apiece on those you guys understand. They’re a collector’s item, but they’re worth over a hundred now Even on the open market this guy says I don’t care what you’re selling and I told you this before silver ever got to this Point Dan you wouldn’t be able to Differentiate oh, this is a maple leaf.

This is from Australia. It’s the Kruger Rand. It’s this it’s you know, all these different Silver Eagles Morgan’s nobody cares. Nobody cares. It’s that it’s that the ounces of silver He had a four ounce bar there. That was really cool that he would normally go out and get a premium for not anymore No, no, no, no, no, no It’s the price of the silver and right now He’s buying stuff scrutinizing and buying it now the advantage to a coin shop is that they have You know the guy the guy has gash.

Hey, listen, I just need just want to sell five ounces. You got 500 bucks on you No, I’ll give you 450 gonna see things like that right now It’s going to get a much bigger spread But these banks that were allowed to cheat on lending and cheat on everything else are getting exposed right now And you’re going to see a coming crash There’s more to cover on this Let’s talk about our sponsor my primal you know, we used to believe that coronary heart disease was caused by one thing and that was class and What RFK? Juniors taught us is that there’s so many things in the environment that affect us and affect our health Microplastics are a huge problem.

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It’s the same tricks. They’re selling things that they don’t own it started with you know subprime creating all the you know mortgage-backed securities and all these different products and now they’re getting their hand caught in the cookie jar when it comes to silver and this is going to end badly these people went out and They Let money for commercial buildings these buildings will never go down. I am telling you there is almost 800 billion dollars almost a trillion dollars worth of notes are gonna get called in very very soon and With that what you’re gonna see is you’re gonna see people lose Businesses and lose buildings and your land mode that you’ve been paying rent to be not gonna be able to own this building anymore So you need to find out the financial status of everybody right now that you do business with but The banks were allowed to do this the banks were encouraged to do this and there’s nothing that could be done about that My friend floating around anyways Okay, it’s a beautiful morning out here.

I want you to think about this they got caught You’re going to see this fluctuate. We used to talk about you know Silver going up ten cents twenty-five cents then cliff high said someday you’re gonna see five dollar jumps now We’re gonna see ten and twenty dollar jumps, but are you ready for this? Do you need to sell? You need to answer that personal question Your cell you need to sit there and say honey. We desperately need the money We need to pay off this we need to pay off that or you could go along with the ride I myself think that you haven’t seen anything yet The problem with this is that there’s going to be such a short squeeze.

They anticipate that there’s only 11% 11% of the actual silver based in the contracts that they sold understand guys think it’d go two hundred four hundred six hundred a Thousand dollars for an ounce of silver now will you be able to sell it you need to be able to go someplace? where they’re going to you know be reputable and be able to Pay you I Went into one place about week and a half ago, and they said Dan. We have so much cash right now It’s sickening they had a guard in there at this place And they said you know I said well gosh you know about two months ago.

You were post dating check Oh, not anymore again. Everybody’s got this FOMO thing and this place will sell you a one ounce two ounce whatever But then you get places like at max that have a ten thousand dollar minimum sale a Friend of mine at dinner with them an attorney, and it was yeah, I sold a few ounces of silver Not too long ago to at max And I said you know now they have a ten thousand dollar minimum showed them the image of that on their website That’s crazy guys.

You need to be able to get in and get out based on your own personal finances Don’t listen to me. Don’t listen to anybody else One thing that is crystal clear 100 ounce bars and above It’s gonna be a point in time. You’re gonna have difficulty unloading them to the right people Well, I always know the right people Dan, okay Okay, you’re the same guy that you know I had one guy write me and tell me how you know He’s a genius you got out at 60. He’s so great. You know good for him.

He made money bought in the 20s Sold something three times for three times the amount Yeah You know the six thousand dollars cash would have been ten Yeah, so you haven’t seen anything yet guys Hit the like button. Don’t forget. We have the private channel. I allegedly live which I love doing it’s all the uncensored content check it out today and Make good choices you want to get a hold of me hello at I allegedly comm The the website the good ones gonna be up soon. We’re gonna announce the winners for last month this week, so stay tuned and A lot of cool things are happening My buddy’s here, okay Okay, Rosie likes to swim with him See you soon stay warm okay, make good choices You
[tr:trw].

 

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