This Why Wealthy People Dont Use Banks

Why wealthy people do not use banks to create their wealth.

There are several investment options in the financial industry with varying degrees of risk versus reward. Many people believe the bank is the first place to go should you want to save your money and start investing and create wealth. I am going to explain to you why the bank is the last place the wealthy go to invest their money.




Banks are in abundance all over the country and chances are great that you have an account their. Banks offer one form of investments which are known as cash equivalents.

Cash equivalents come in the form of checking and savings accounts, certificates of deposits also known as CD’s, money market funds, savings bonds and treasury bills.

A cash equivalent offers a low risk, low return profile. They are the most liquid assets that you can invest in and are convertible into cash. Savings accounts, money market holdings, certificates of deposits, short-term government bonds or Treasury bills are all considered cash equivalents.

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7 Banks went down just in the last weekend says Bob Chapman

Bob Chapman : Get your cash out of the Banks and The Stock Market - we will have Bank Holiday and the Stock market will crash by the end of this year
Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.

Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Bob Chapman : you got to remove these people from the government
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.

In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt

Bob Chapman : Banks and Insurance companies will go bankrupt , always pay in cash and get out of CDs and life insurances

Bob Chapman 2055 Banks are in trouble

Bob Chapman : never keep more than three months household operating expenses in any bank , and for a business not more than six months , businesses need to have cash flow if they do not they are stuck , pay as many bills as possible with cash , when you go to the supermarket do not use the credit card , do not use a check or some sort of other payment , pay cash ...also if you have CDs with banks get rid of them , go to gold coins and shares and if you have a lot of money you can get involved with treasuries from Canada and Switzerland , and the reason why is , if you must be in some kind of currency those currencies will stand up the best ...in the future they will be the best of the bad lot , the real answer is gold and silver related assets , also there are seven major insurance companies that are in serious trouble , there arer going to be in the future insurance companies that are going to go under , if you have cash value life policies , if you have annuities get out of them " says Bob Chapman ...you should put your money in gold and silver assets

Bob Chapman : Get your cash out of the Banks and The Stock Market - we will have Bank Holiday ande the Stock market will crash by the end of this year
Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.

Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.

Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.

In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt