So all these global central bankers they get together at the Bank for International Settlements in Basel and they decide exactly what they want to be doing and then they go out and they sprinkle the jawbone and the fairy dust and they act in coordinated ways. Welcome to Bankless, where we explore the frontier of internet money and internet finance.

This is Ryan Sean Adams, and David's at a conference, so I'm not here with David Hoffman, just me today,

and I'm here to help you become more bankless.

The question today, a timeless bankless question,

why do banks suck?

I think banks suck is kind of the reason we started this bankless thing.

And it's never been because we hate banks. It's just we feel like they need to be

disrupted and crypto is the technology that's going to disrupt the existing banking system.

The current state is banks take too much and they give too little, but we've never done a podcast focusing directly on the question of why banks

suck until today.

Our guest is pretty clear on the reason that banks suck.

He thinks they've become far too centralized,

that they're unbalanced, that they're short-sighted,

that they're corrupt, and getting more corrupt by the year.

He thinks that power is tilted away from the people and into the hands of this central banking

Cabal, as he calls it.

He thinks the relationship between sovereign governments

and private banks, that his governments and banks is an unholy alliance that needs to be

unwound. And further, and most importantly, he thinks the incentives at play right now

mean that we're headed for what he calls a great reset. That's going to happen very soon. A few things

we talk about on today's episode.

Number one, the history of banks.

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