Meet My Personal Banker | THC 303
The Hardcore Closer Podcast
Ryan Stewman
4.9 • 1.5K Ratings
🗓️ 6 April 2023
⏱️ 31 minutes
🧾️ Download transcript
Summary
Michael Jones: Man of the Community and Advocate for Financial Security
Federal Regulators Force Abrupt Bank Shutdown
If you're reading this, you might be freaking out a bit, especially with the Feds taking over and shutting down the Silicon Valley Bank a couple of weeks ago.
But, everything you see that comes to a head is usually rooted in decisions made.....sometimes good and sometimes shit......SVBG failed due to bad decisions with cash, such as investing in Treasury bonds and not being able to give it out on demand.
Banks around the world are struggling with the mismanagement of cash. The biggest banks are too big to fail, but smaller mid-market tier banks are offering safe havens for business owners to store their money. These banks use ICS and Cedar accounts to spread the money across multiple banks in a network to ensure the funds are safe
Michael Jones is my personal banker and I've been working with him for years. He is involved in the community, running for city council in McKinney, TX, managing an economic development board with a budget of $22 million, and managing a restaurant that employs adults with special needs.
What You'll Learn:
- People are now looking to use CDEs, ICS accounts, and other banking programs to protect their money instead of making more interest off it.
- Banks are tightening credit due to the pandemic and blockchain technology is being used to digitally store titles.
- Michael Jones is involved in the community and running for city council in McKinney, TX, managing an economic development board with a budget of $22 million, and managing a restaurant that employs adults with special needs.
Cash used to mean freedom for most people. It was not traceable and quite frankly, is still widely used and preferred to this day by many people. But there's an issue.....the Government can't track you the way they want to.
They want to be in your lives. All the way in. So, one way to control you is to control your money. Everything is tracked, accounted for, and if they have to in some cases, it will be rationed. Right now there are a lot of people up in arms due to realizing there may be things they have to do they can't control.
This episode is going to give you a little insight into what you can expect and the reason the banks are going through a transition right now.
How to Get Involved:
This planet is based on an algorithm and with every positive action, there is an adverse reaction.
Ryan Stewman rose and overcame a life of addiction,
Imprisonment, divorce, and circumstances that would break the spirit of the average human being.
He went on to create a powerful network of winners and champions of life and business creating a movement that quickly changed lives one day at a time.
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Transcript
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| 0:00.0 | I'm here with with my banker guys. I brought my banker in here. This is the guy that that my |
| 0:07.1 | money's in their bank for many of you that listen to show you know that back in last year |
| 0:13.0 | November, December bank for American man. It just gave me the boot, you know what I mean? |
| 0:16.6 | And luckily I had ran into you Mike like, you know, shit, maybe a week before that. And |
| 0:22.1 | I was like, told me you're going to have to find a new bank and I was like, I know a guy. |
| 0:25.1 | It's like perfect timing. And honestly, for me, it's hard to leave a bank. It is because |
| 0:30.4 | you got automatic drafts and everything over there. So for me, it was like ripping the bandaid |
| 0:34.3 | off. It forced me to get over with you guys, which has really been a huge blessing. So, you |
| 0:39.9 | know, the reason why I got you here, Mike is, you know, a lot of, a lot of talking the news |
| 0:44.2 | about banks and everything else. We got so called Valley bank that fell apart and everything |
| 0:49.2 | else. And, and I know that the public's got a lot of questions. So what are you seeing out |
| 0:54.1 | there? It's the state of banking right now because a lot changed the last three weeks, you know. |
| 0:58.4 | Oh, man. Yeah. So let me start off by saying thank you for having me here. Oh, yeah. And |
| 1:02.4 | actually, thanks for being a client, you know, you know, relationships are everything, man. |
| 1:06.9 | And, you know, the fact that you had mentioned, you know, the situation with Bank of America, |
| 1:10.6 | which obviously when we met, I didn't know anything about that and it just popped up on you. |
| 1:14.1 | You know, a lot of things that can be fixed is just by having bank relationships. Now, talking |
| 1:18.8 | about, you know, SVB, I'll just call Silicon Valley bank just by SVB. So use that acronym |
| 1:24.2 | here. They make it short. But, you know, they failed for a weird reason. And it was a, it's |
| 1:29.8 | a reason that wasn't ever accounted for through Dodd-Frank or anything like that. It's, they |
| 1:34.7 | were actually cash heavy. Most banks fail because they're out of cash and there's a run on the bank |
| 1:40.0 | and there's no money to give them. They actually were cash heavy. They just made bad decisions |
... |
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