Smaller banks are not immune to the same nonsense. Besides, if we withdraw from the big banks and deposit into small banks, the small banks will in turn be the big banks. Yes, we should withdraw from the big banks as they are unsafe. Yes, we should find alternative means to stash. Small banks? Credit Unions? Under the mattress? Bitcoin? What I take from this video [and all other PBI videos] is the suggestion to create local public utility banks. We don't need to eradicate private banking, but the proliferation of public banking would go a long way toward stopping our wealth from being harvested by others.
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