“They Are Stealing Your Money!” - Michael Saylor Reveals Why Storing Money In Banks Is a Mistake 

Do you agree with Michael Saylor?

I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

While being a millionaire is a goal shared by most individuals, not everyone is adept at building significant money over time. Rich folks don't have to deal with heartless work, stressful finances, delayed trains, or other problems. Go forward now, ensure your financial security, and enjoy yourself! Have a fantastic life! Greetings! I don't think I could survive on less than $4 million in income-producing investments.

Why are IRA contribution limits kept so LOW ($6K/$7K)? They should be made the SAME as 401k limits so that folks without a 401K can be on equal footing! Somehow this video has helped shed light on some things but I'm aiming to create a portfolio worth not less than $2m before I turn 60.

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

I lived in Argentina for 30 years. I've seen all this before. People massively started taking their money out of the banks because a devaluation was coming. The government closed the banks and eventually, you were not allowed to take out more than $300 a month. Eventually they devaluated the currency. Then government asked the central bank to print more money because they need to give it away to their voters (who are mostly poor). The actual minister of economy comes out and says "printing money does not raise inflation". WTF. Argentina now has 104% anual inflation, 44% of the population living in poverty and the average salary is around $400. Of course, the government blames the IMF for lending the country money when it had run out of American dollars because nothing is ever their fault. Now, believe it or not, there is still a huge amount of people that are willing to vote the same government that bankrupt the country. I took off. Ain't nobody got time for that.

Well the recent events with SVB make it unlikely for the market to make significant gains soon, so it's wise to manage expectations and prepare for a potentially long recovery period. It's recommended to avoid making significant investment decisions until the economic environment stabilizes in areas of concern. It's best to exercise caution and avoid engaging with the current turbulence.

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

As an elder millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.

The removal of the Glass-Steagall Act in the late 1990s, which contributed to the dramatic failure of large banks during the financial crisis of 2007-2008, was a very unwise decision. Dodd-Frank and this Act both need to be reinstated immediately in order to avert another catastrophe. If nothing is done to fix the current issue, what happened with SVB is merely the beginning of what will occur.

This has aged like fine wine.

Absolutely agree, after 2008 we bailed out the banks with taxes including there bonuses. Credibility was lost many years ago

The feds have caused chaos! Due to the collapse of these banks, investors abandoned their predictions of further interest rate hikes and dumped bank shares around the world. What is the best approach to profit from this bear market now that my $300k stock portfolio is in danger of going down?

As an Argentine myself, what he says is totally correct, so take notes.

As a newbie that wants to invest, you must have these three things in mind 1. Have a long term mindset. 2. Be willing to take risk. 3. Be careful on money usage, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with a financial advisor.

Here’s the secret, in a sovereign country that makes its own fiat currency, which the United States is, they can make your money as valuable or invaluable as they see fit. It took me a while, but I finally realized that modern economics is not a science, but rather a whim of the rich and powerful, and whatever their goal is. The rich and powerful can do whatever they want with money, and they do.

I'm wondering if people who went through the financial crisis in 2008 had an easier time than me right now. The stock market is making me really worried because I've lost over $27,000 in just this month and I'm not making as much money as I used to. This is making me concerned that I might not have enough money saved up for my retirement since I can't add to my savings.

I found your podcast by accident few days ago and it's pure diamond..congrats on you and your team

True, if they can just do whatever they want with your money (investing it, or holding your funds hostage), then that's insane. The fact they can question you about your funds, what you're doing with it and whatever else, fck that smh!! That's illegal control and we shouldn't allow it!!

Totally went over my head. I never heard where I should put my money. The good news is that I don't have any money to worry about. 😂

Thank you @valuetainment for bringing people and content like this to we the people… this is beautiful

The situation in Lebanon is devasting. My family is fortunate & we have a great support network, but some are not so lucky. I hate to hear it being the example of terrible currency. It’s true, it just hurts to hear. This young generation needs to be smart with their money, educate the next generation & inject money back into the economy (not the banks).

Retirement used to mean productive land you can live on and eventually gift to your children; no inflation, just real security and things handed down. The problem is everyone trying to get rich through speculation instead of productive enterprises and businesses. And then we’re surprised when our whole money system screws us over

Best guest you’ve had. Truly financial freedom and freedom from government and banks

I like this guy. Easy to listen to and straight to the point.

😂😂😂Pat laughing in the background after asking that customer service questions was hilarious

5:00 *SPOT ON!* 5:45 USD vs PESO 6:30 Losing 15% in a NOT so good year, like 2021 7:40 Can't trust a bank 12:45 Bank predictions 15:00 BITCOIN

This is very scary. Who can you trust when it comes to your money and your retirement.

Tangibles only. No crypto or banks. Homes, land, guns+ammo.

Saylor is a genius. Not because what he knows or understands, but how he can explain.

I agree with his final statement regarding what to with your money. The best thing to do is to spread the risk over a few asset classes.

What if internet or power grid gets shut down?

I would love to see Michael Saylor discuss bitcoin and banking with Dave Ramsey

All of them are really nice picks. But the potential of project that elegantly combine blockchain and AI is Amazons VELR90 and should not be overlooked, I guess. Among them, this truly tackle real-world problems and have vibrant ecosystems, like Aiwork.

Great interview

If what he was saying wasn’t true, then the FED wouldn’t be working on their own Crypto. 😂

As a person who doesn't trust anything that I can't fully comprehend, the only thing I fully trust is my garden, and my animals. Not saying there isn't risk, but I and my family can direcrly consume what comes from those assets. No outside force can decree their value to me and my family. That's what I call an investment.

If you have a bunch of dollars and no debt in a deflationary period (similar to 08), you would be better off in dollars than if you were in bitcoin or any other asset for that matter. I think he's right when their are low interest rates, storing money is a horrible strategy. Rising interest rates, means it's time to store dollars and wait for the inevitable deflationary period to pile that stored money into depreciated assets.

Two of my favorite minds together having a worthwhile, meaningful discussion! Thank you to Mr. Bet-David and Mr. Saylor and ALL of the behind the scenes people who make it happen!

Pat , Can you please post links to the information you read off.

@7:39 I'd like to know where homey got that sport coat from?

It's people like Michael why I watch your channel.

The fall of Silicon Valley Bank has shook global markets, with investors revising their estimates for more interest rate hikes and selling bank equities throughout the world. I'm at a crossroads, considering whether to sell my plunging $200k portfolio; what's the best approach to capitalize on this down market?

Confused by your comment at 3:15 you stated 3 large banks in last 90 days but in the list you say in yr 2008... you include those 2 banks....? Please explain.

I live in australia where i would get maybe 1% insterest against 5-6% inflation. But notnall asian countries are risky. I save money only in my indian bank account which gives around 7-8% interest against 6-7% inflation. Banks in india always compensate for inflation. And i have almost never see big banks in india going under. Some small banks do shut down but rven there i feel the govt usually have peoples back rather than the bank's

Stick with your local credit union. They don't do bad banking to begin with so they won't be in danger of collapse.

Pulling money from a conventional bank to put it into BTC makes no sense atm...it doesnt make sense because BTC fluctuates TOO MUCH.

Good job. Keep it real.

What do you think of CIT bank ?

You are one of the most sophisticated and brilliant RU-vidr/content creator I watch, and 1million percent the very best in finance. I appreciate all of your content thank you for VELR90 much love from Chicago

I like how Mr saylor doesn’t tell people to take their money out of crypto exchanges. If you don’t have your passcode for your Bitcoin you don’t own it and the government can take it. Saylor doesn’t mention this because most people don’t own their Bitcoin and he doesn’t want to encourage people to get out of exchanges because that’ll hurt Bitcoin.

Question- if dollar's value diminish and a million dollars can only buy what 100k worth of value, wouldn't it be a good thing if you have a large debt? Such as 30yr mortgage or business loans..?

Interesting information

No electricity = no crypto or digital dollars

He almost had me convinced. Then he said “Incorruptible Software” Yeah, right, it’s called software for a reason.

If shit hits the fan, no currency will help you. People will fight over food, guns and gas.

I’m from India, it’s relatively safe compare to most of the countries, in the last one year none of the banks gone bankrupt or people lost their money. Bank called ‘yes’ bank faced some trouble, however none of the people lost the money and it didn’t require any govt handout

It bothers him that the dollar could lose 7 percent of its value in a year but it doesn't bother him that bit coin could lose 7 percent of its value in a matter of minutes.

No, instead put your money into Bitcoin with an origin address that could wake up at any moment and dump on you, not to mention the large holders like Michael Saylor who dump whenever they want as well and crash the price. Sounds like a safe bet to me, smh give me a break here with this guy.

Your link to full podcast in the description takes you to the wrong podcast

Thank you

As a lebanese he is totally right, people lost their lifetime savings accounts and lebanese pound is worth nothing You pay 100 time more for the same water bottle since 2019

Having Adam on this team is so interesting because I find his analysis and perspectives on things to be considerably more shallow in comparison to other people who debate topics at Valuetainment but it's actually a good thing because he reflects the mindset of the majority of Millennial and the early Gen X generations so we not only get to understand where they come from but being in these discussions can help them mature their thinking. By the way, I'm a Gen Z'er.

In 2021 you said gold is dead money. Sell your gold and buy Bitcoin. It's 2023 now: 1. Bitcoin is down 50% over the last 2 years. (It has to double to break even.) 2. Gold is up 9% over the last 2 years. What now?

Central banks, who make the rules, are not hoarding BTC! They have been buying massive amounts of gold and the ones who make the rules are a good group to know what they are doing.

Here is my biggest question. I am also a bitcoin holder and completely agree with 100% of what Michael is saying. What happens if the government makes crypto illegal world wide with every other nation coming on board? They shut the exchanges in this scenario. How would my crypto still have any value at all? Especially if it isnt used by companies to purchase products with. Again, I am a bitcoin holder and hold many crypto's that I believe in, I just dont know the answer.

Michael Saylor is always awesome to listen to.

Gold will never go out of fashion.

“The future looks bright” lmfao that’s a good one hahahaa

After hearing this I just think everything is so depressing.

__Rodger Michael Karl has helped us become debt-free and save for retirement. " "I made over 220K during this dip, which made it clear there's more to the market than we average joes know. Having an investment adviser is currently the best course of action, especially for those who are close to making losses.....

So where do we keep it? People breaking into homes left & right so any advise as to WHERE should we store it and How much reserve should we keep at home? 3 or 6 or 12minths?

Would silver be a good. choice to purchase?

The banking crisis "contagion" is government bonds. The banks are coerced and forced to buy government bonds with customer deposits.

I'm likely pretty ignorant about how all this works, but doesn't bitcoin require that businesses would be on board to accept this as currency? And governments could possibly ban businesses from doing this...or tax them so highly on this type of usage that the businesses would falter. I believe gov'ts will find ways to undermine any use of bitcoin.

Outstanding!

We have a small farm... we buy farming equipment, farming land and farm maintenance.

we need the opposite of fractional banking, instead of having 5% of the money its holding they should be required to hold 150-200% of the money they're holding.

I can’t believe this conversation 😂😂

Time for an update!

The satoshi limit is hardcoded and can be updated just like any other software

Imagine listening to the dude talking about how you’re losing 90% of your purchasing power with the dollar, yet the same dude was calling for $100k bitcoin at EOY 2022 and now it’s at 27k lol

You can trust Gold.

The U.S. government is in debt for $34,000,000,000,000 (yes, Trillion) while hiring an additional 87,000 (armed) IRS agents and demands that you account for all transactions that total $600. The debt is over $100,000 for each person in America.

Do commerce with promissory notes (promise to pay) and BOE's backed by the "Full Faith and Credit" of the United States because that is all that's backing the fiat FRN's. This is why the national debt can never be eliminated completely.

This might be a dumb question, but can Bitcoin even be spent? If I have all my money in Bitcoin, how can I spend it? I don't know of any retailer who accepts it. I agree with the concept of it, but until it's widely accepted, isn't it speculative to buy a lot of it up?

Patrick if funny. Saylor is hard to get a laugh from but if you can make him smirk it's like the same thing.

I have been buying new boat, cars and RV's for the past 30 yrs, it has led me to almost financial ruin. But when I get my lady friends out on the water, having a few drinks, grilling some good food, music playing enjoying the sun I forget about what a financial loser I am, I know it could be better and I worry about retirement, but right now life is pretty good..

He’s giving you the blueprint right here.

For context, Michael Saylor has invested $175 million into Bitcoin. Just like any other investment, they will do and say whatever helps their investment. If people are making money of how popular a currency (bitcoin) is, then that is not something you want as currency.

Brett Favre really let himself go

they seized gold in the USA: I have a client born 1929... they seized her family's gold. AND the banksters can change the paper bills and coins to new designs THEREBY making your hoarded "money out of the bank" worthless.

Can you buy bitcoins in any currency or only in US dollars? What currency is bitcoin base on?

I remember bitcoin donations being blocked for the truckers protest in Canada by the canadian government.

Thank you for asking what the Average American should do because you're right, we are not billionaire. Your audience is most likely upper middle class and though we greatly appreciate the insight from billionaires, we need to know what us little guys can do to protect ourselves too.

Purchase finite recourses like gold,silver , copper, aluminum. With everything turning to ev, 28% of ion batteries is graphite

First of all, this whole economic chaos was powered by optimism that the FED is done with hiking interest rates. Now that interest rate crash is the situation, where do we go from here? How would you advise I safely allocate $250k funds at this point?

They keep telling us to take money out of the bank, but they never tell us where to put it

Simply brilliant. The way you explain this Michael is above all others. Thank you for your service