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In this episode, we ask:
- Who is winning?
- Why are the banks winning?
- How much are we saving, according to the Economic Policy Institute?
- What’s the real, the median rate of savings for American families?
- Is $5,000 dollars enough for total family savings?
- When did we become a nation of debtors?
- What is the median income in the U.S.?
- How much are we spending?
- Why are so many of us slaves to the bank?
- When will we be free from the debts and creditors?
- What about buying a car?
- How much of a car payment is going toward interest?
- What’s the volume of interest?
- How much of a mortgage is going toward bank profits?
- Are you almost doubling the cost of the home by financing it?
- What’s the volume of interest?
- Where is our attention?
- What matters most for retirement?
- How is the rate different than the volume?
- How much are you saving?
- Are you paying attention to your financial environment?
- Is there something better than paying cash?
- Is there something better than being debt free?
- How can you recapture the volume of interest back from the banks?
- Does rate of return even matter?
- What is the flow of interest?
- What does the bank do with your money?
- How much interest does the bank pay you?
- What’s the rate of return the bank receives?
- What’s the volume of return the bank receives?
- Have you read Debt: The First 5,000 Years?
- How do banks make so much money?
- What is Fractional Reserve Banking?
- How do banks leverage other people’s money?
- What happened in the late 1980s/early 1990s with the Savings and Loan debacle?
- What happens to your money when you hand your money over to the bank?
- What is FDIC?
- Were the banks in great shape in 2008-09?
- What happens when the rates are artificially pushed down?
- Are you thinking like a banker?
- How much are the banks really making on the TARP money?
- Are banks evil?
- Would you like to own your own FDIC insured bank? Do you have buckets of money and a decade of free time?
- Can a bank make a loan without a deposit?
- Can you accomplish your own personal banking system with dividend paying whole life insurance?
- Do you want to do what banks tell you what to do with your money?
- Do you want to do what banks do with their own money?
- What does it take to start thinking like a banker?
- Are you in control of your financial environment?
- Are you using the tail wind to your advantage?
- What strategic adjustments can you make to advance?
North American Households: Savings and Debt
