Hey, everybody, Jake and Gino here. And last week, we had the money talk. We're talking about what money is. This week,

I'm going to be talking about banking, but it's a completely different topic. Gdaddy, how we doing?

Jake, this is an awesome topic. And by the way, everybody, down below, like button, subscribe to the Jake and Gino channel.

I think this may shift your whole mindset of what the banking is

and how you can take control of your financial life. Anyone who can control the flow of money

in their lives is going to be much wealthier. If you are the bank in your own life, you are going

to be wealthier. Now, the banking system is set up. Most people don't know how the banking system works. They think there's checking, savings, you go in, you put your money. Bankers

want your money. Now, why do they want your money? They're going to lend your money out. It's called

a fractionalized system. Let me give you an example. Jake goes into the bank. He puts a dollar

of reserves in the bank. He gives

the banker a dollar. That banker goes out and magically lends 10 to 15 to $20 on that $1. It's called

the velocity of money. It's an amazing thing. Can you imagine doing that? Jake and I would go to

jail if we did that,

but banks, they do that. So I'm going to give real numbers, simple numbers. Let's say the bank

gives Jake 1% on his money on that $1. Jake is making one penny on that. The banker goes out

and lends it at 4%. So he's lending out $10 at 4%.

Now, what is that?

Is that 40 cents, whatever, whatever that comes out to?

Now, think about that.

He's paying a penny, but he's making 40 cents.

He's making an amazing amount of money.

Do you see why these banks have amazing buildings? You walk in now, Capital One

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