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In this episode, we ask:

• What are banks?
  • How do banks work?
  • What happens when you put your money with a bank?
  • Is a checking account safe?
  • What about interest bearing savings account?
  • If you put ten thousand dollars into the interest bearing savings account, how much do you get credited to your account?
  • What is the bank’s business?
  • Why do they lend money?
  • How far does modern banking go back?
  • What was Jekyll Island? Who was there?
  • What is the Federal Reserve?
  • How much do banks have to keep on reserve?
  • When did the FED update the requirements for the reserves?
  • Where is all of your money?
  • What happens when you deposit money into the bank?
  • Why do we call deposit accounts the “safe” place?
  • Is there another way?
• What are mutually owned life insurance companies?
  • How long have these companies been in force?
  • What does Benjamin Franklin have to do with insurance?
  • How are these different from a bank?
  • Are life insurance companies allowed to inflate the money supply?
  • Are life insurance companies allowed to participate in fractional reserve banking?
  • What are the reserve requirements for an insurance company?
  • Which is safer? The institution who has 10% or less on reserve or the company that has to keep over 100% on reserve?
• How many banks went bankrupt in 2008?
• How many life insurance companies in 2008?
• If banks are so safe, why did so many fail?
• If there isn’t going to be a bailout next time, how many more banks are we going to see go down?
• Have you ever looked into who owns banks?
• Have you ever heard of BOLI (Bank Owned Life Insurance)?
• How much life insurance do banks purchase, according to the FDIC?
• How do banks benefit from BOLI?
• Should you do with your money what banks are doing with theirs?
• What is COLI? Corporate Owned Life Insurance
• Is a mutual life insurance company policy SAFER than a bank?
• What happens if a life insurance company fails?
• How are life insurance companies regulated?
• What are insurance companies invested in?
• Are life insurance companies convenient?
• Do we spend more or less as availability to money becomes more convenient?
• How would a life-insurance driven debit card affect dividends?