Prepare to fortify your financial know-how as Glenn Lee from WT Wealth Management joins us to dissect the complex organism that is the US banking system. This episode promises to not only reveal how banks truly work but also demystify the pivotal concept of fractional reserve banking, where banks hold only a fraction of your deposits. We scrutinize the double-edged sword of this system, exploring both its role as an economic catalyst and its inherent risks as recent banking events have shown. As interest rates climb, we'll help you grasp the repercussions on the investments that are the bedrock of banking stability.
Venture further into the banking frontier as we deliberate the imminent rise of central bank digital currencies (CBDCs) and the seismic shifts they may trigger within the financial landscape. With Glenn's expertise, we evaluate the potential overhaul of traditional banking functions and the federal government's prospective role in direct lending. The episode doesn't stop there; we also shine a light on the comprehensive suite of services that banks offer, from credit cards to investment advice. Safeguarding against economic turmoil, we reflect on the stringent regulations born from the 2008 crisis, ensuring you're armed with the foresight to navigate the banking world's evolving tides.

Thanks for joining us on Intelligent Investing with Glenn Leest! Your go-to source for navigating the complex world of finance and becoming an intelligent investor. We appreciate your trust in us and your commitment to your own financial future.
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Glenn Leest
Senior Investment Advisor
WT Wealth Management
Office Phone: (928) 225-2474 Office
Email: [email protected]
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Until next time, this is Intelligent Investing with Glenn Leest, helping you make your money work for you.
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