THE BANKS ARE NOT ON YOUR SIDE! WHAT YOU NEED TO KNOW

401Ks, R-A-R-A’s, they are a walking, talking disaster. Let me just, we’re going to give you a couple of reasons here and segment this. You hear me say this all the time and I can’t say it enough and if I was wrong, the banks would try to silence me. They can’t. Hey, look, I know a bank president of several banks, chain of banks. I used to know him really well and a mutual friend of ours says, you know, I listened to Dave and he said, Dodd-Frank 2010, I can’t talk about that. I can’t talk about that.

Well, people need to be talking about this. The banks don’t want to take your money. They don’t want to confiscate your savings. That’s the last thing they want to do because for every dollar that you put into the bank, they get to loan out nine, something called fractional reserve banking. I think it’s a tremendous disservice to the money system. It’s inflationary. It debases the currency and it gives an unfair advantage to the banks over its customers. Now, having said that and setting my objections aside, the banks are in trouble. Now, the Federal Reserve, I believe the latest account I read was 66 banks are in pretty dire trouble.

It’s a lot more than that and if those banks start to fail, Dodd-Frank clearly says that once you put an asset into the bank, they control it. They’re number one. You’re an unsecured creditor. Now, do you know what that means? Unsecured creditor. See, this is what people aren’t grasping and I’m just beating my head against the wall saying, how do I make people understand? Look, Dodd-Frank’s really long and you’re going to have to dig through to find the relevant parts. But the reality is it’s true. It’s real. Ask an expert. If they don’t know, you’re not talking to an expert.

If the banks are in trouble, your money is gone and they can shut it all down when a bank run starts. Now, I am hopeful under President Trump if he can get away from what Scott dissent is trying to do to his stay tuned. We’ll tell you about that in a later segment. But I’m hopeful that with President Trump and what he’s doing with tariffs and I think he’s cleverly manipulating as leverage on the tariffs. And I think he’s applying them where they need to be applied. And I have high praise for the president’s economic policies.

But I really want him to undo Dodd-Frank 2010. I want the Republicans to undo it. Dodd-Frank 2010. Okay. Now, let’s go a little bit further. When your 401ks in the bank, that’s the collateral the bank has to buffer themselves against the ups and downs of the economy. Wall Street fluctuations. Federal Reserve arbitrary manipulations of interest rates. They’re using your retirement to buffer their losses. You’re their insurance policy. Oh, it’s going to be a lot worse, which we’ll cover in a later segment again because this problem is more broad base. I’m making this narrow so you could understand what you’re talking about.

And by the way, if you own gold certificates, I don’t care who has control of them. They’re not worth the paper. They’re printed on. The Bank of London can’t answer the demands that JP Morgan Chase, Wells Fargo, B of A and the rest of the major banks have made reimburse us. And they’re dragging their feet like crazy because more paper was sold and there was gold. In other words, they cheated. That’s the bottom line. And the banks have no heart. They have no scruples and just go back to your biblical history. What did Jesus do? He walked to the temple and the bankers were there.

He kicked some butt. Our Lord showed justified anger at people who were abusing other people. Not much has changed. Not much has changed. And I’m really glad I don’t work in that industry and have to make those kinds of decisions. Honestly, if you go and look at the book of Revelation, they say, who’s going to hell? Look it up. Look it up and make your own judgment. I don’t want to sit here and make a majority of insults, but I would encourage you, especially if you’re a Christian or thinking about becoming a Christian, that you go look up and see what the Bible says about who’s going to hell.

I don’t want to sit here and act like I’m judgmental. Those without sin cast the first stone, right? But what I’m telling you is the banks can not be trusted. 1929, what happened? Exactly. What makes you think that 2020, whatever, is going to be any different? It’s not. It’s not. And who are the banks going to take care of first themselves? So do you want to continue to collateralize banks ups and downs and knowing at the end game and the worst case scenario, you lose and they stay afloat a little longer on your money.

Oh, they may not escape their final destiny, but they extend their lifespan while your life is ruined economically and the laws all favor them. They can turn around and just say, oh, we’re going to give you a haircut like Cyprus did several years ago. Do you remember that? Your savings are now worth 40% of what they were. That’s the best case scenario. So people say to me, well, Dave, knowing what you know, and trying to educate the people nearly every day about Dodd-Frank 2010 and then these other policies and practices, what do you do? Now, I think you know the answer to that.

For going on seven and a half to eight years now, I have been a customer multiple times over with Noble Gold. I’m not ready to be in my own bank, but if the worst happens, I’ve got a little leverage because I have prepared over the years. Do I think I’m 100% prepared? I don’t know that anybody could be, but I’m a lot more prepared than people that put their faith in the bank and just shove their money in there. And it’s stupid to do that anyway for the little 3% you’re going to get. Do you know how much gold went up in the last 14 months? 48%.

Silver is now exploding, like we told you it would. My friend Colin Plume, who’s the CEO of Noble Gold wrote a book called Silver is the New Oil. You should check it out. It’s in, gosh, I think it’s in the top 25 of bestselling books right now, number one on economy. It’s because he knows what he’s talking about. And this is why I stick with him. And by the way, when you work with Noble Gold, no hard sell. They don’t sell you. You simply ask questions. Okay, okay, okay. Anything else I can help you with, Mr.

Hodges? Well, I’d like to go forward. Okay, we can do that. That’s how your conversations will go, because that’s how Colin trains the staff. He wants no high pressure. He doesn’t want anyone to come back and say, you really push people into bad deals. You need to be held accountable. So because of that too, I do what Colin does. The FTC says there’s no guarantees in anything. And if you have a financial advisor, you should consult them and proceed with caution. I think that’s great advice. Where was that advice with FTX? Okay, another topic, another topic.

It’s a long time, but you know what I’m talking about. Now, I’ve given my warning. I’ve told you my experience. And I’ve been an advertiser for Noble Gold for, oh my gosh, eight and a half. We’re going on nine years now. It’s a long relationship. I don’t see it ending. And I will tell you, I sleep better at night than a lot of people that read every day what’s happening with Wall Street, what’s happening with the banks, what’s happening internationally. What did the Chinese pull the plug on rare earth minerals and all that? I mean, listen, those things are concerning.

Those are things that are really concerning. And now Scott percent wants to pull some crap on us that the Europeans are pulling. And we need to pull the rug out from underneath of that. But you’ll get that in a later video. Or if you’re listening online in a later segment. Really, really important stuff. So how do you get ahold of Noble Gold? Call them. It’s easy. 877-646-5347. 877-646-5347. Now, if you have someone else you already use, terrific. Then go full bore. Because you need to minimize your cash infusion into the bank. Have enough for operating capital.

Of course, you got to live and work at that level of the economy. But you need to protect yourself. And the banks aren’t providing you with any protection. Oh, David, it’s the FDIC. Oh, can I stop that momentum in that ridiculous thinking? Effectively, there is no FDIC. With all the funds on hand in our banks, the FDIC has 0.7% of the cash on hand to cover that. And they’ve established a pecking order. And guess what? You ain’t in it. Unless you’re owed credit swap derivative debt. They go first. They’ll be well through that before they ever get to you.

You’ll be sitting there, sucking your thumb, saying, what happened? And why am I so passionate about this? It’s not just because I represent Noble Gold. If you don’t know my family history, first of all, people say, David, you’re soft on immigrants. I treat people as human beings. Doesn’t mean I want to ignore the law either. Clear on that. But I come from German immigrants. That’s right. On the other side, my mom’s family went back to 1745 that we can trace. And they were cousins to Henry Ford. He knew what was coming, got his money out, just like the Rockefellers, just like Carnegie, just like all the rest of them, Westinghouse, and so forth.

They got their money out because they knew what was coming. Well, no one bothered to tell our side of the family what happened. And when the things crashed, they got no help from good old Uncle Henry. That’s why I’m passionate about this. My mom has a young, young girl, very young girl, toddler. She went from riches to rags in 24 hours. That’s why I’m passionate about this. And I don’t want that to happen to any of you. You need not be embroiled in riches. But what you’ve worked for, you have a right to keep. And what you save should be yours, shouldn’t be some subject to someone’s confiscation because they made bad business decisions.

But unfortunately, under Dodd-Frank, that’s not true. And I’ll tell you this, equal time, you come on my show, if you find that whatever I’m not saying here is not factual, and I promise you it’s 100% factual, have you on the show and you can tell the world how full of crap I am. That’s a show I know I’ll never have to do. And why am I concerned that you make the right decisions? Because as we transform our country from what we had been heading towards, versus the new direction we’re facing in many good directions, we’re doing some things in this administration presently that I don’t care for.

Not many, but a few. But we’re moving overall in the right direction. If we want to maximize this, we can’t have people losing savings because of unsturdy banks. Can’t have that. So I need as many Americans as possible to come out whole on the other side of what crisis awaits us down the road. And when you have a $37 trillion debt, and you have the trade imbalances that we have courtesy of the previous administration, then we have some things to worry about. So that’s my motivation here. And I’ll say this, do I have a financial arrangement with NOVA World? Yeah, full disclosure.

Yes, I get paid a consulting fee here for doing this. But rather, 10,000 people listen to me enact, or 1000 people listen to me enact, doesn’t mean a difference to my compensation. It’s one set fee. And I’m being honest with you, don’t tell NOVA World this, I would do this for nothing because I believe so heartily in this. We are in trouble. Do I think we can come out the other side? Yes, but I don’t know the extent of collateral damage, and what it’ll mean to you, certain banks, and certain people in those banks. That’s why we’re talking about this.

877-646-5347, that’s who I use. If you don’t use them, God bless you, but do something. The banks are the last people you should trust. I’m Dave Hodges. This is The Common Sense Show, and we’ll see you back here again next time. [tr:trw].