In this clip from the Infinite Wealth Podcast, we delve into the world of banking with guest Barry Dyke. Barry explains why banks are often weak and highly leveraged, shedding light on a little-known concept called fractional reserve lending. He uncovers the truth about how banks can create money out of thin air and the impact this has on the stability of the financial system. Barry also exposes how banks were leveraged during the 2008 financial crisis, leading to the collapse of institutions like Bear Stearns and Lehman Brothers. He discusses the recent changes in banking regulations and the implications for the average person. Join us as we explore the hidden truths behind the banking industry.

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