Is the statement "the only thing to fear is fear itself" true? See our response to Banks and their ability to be trusted with your retirement!

Your money is safe in the bank." This was a common refrain from bankers and politicians in the past when trying to convince the public to deposit their money in banks. The Federal Reserve was seen as the protector of the banking system, and people believed that their money was backed by the full faith and credit of the United States government. However, these beliefs were based on limited information and trust in institutions that could not always be trusted.

In 1933, President Franklin D. Roosevelt famously declared, "The only thing we have to fear is fear itself." This quote was in response to the banking crisis of the time, where bank failures were rampant and people were withdrawing their money from banks in droves. The Federal Reserve was created to stabilize the banking system and prevent bank failures, and yet, even with this system in place, banks were still failing. In an effort to restore confidence in the banking system, the government passed the Federal Deposit Insurance Corporation (FDIC) Act, which insured bank deposits up to $5,000 per account.

This led to a belief among the public that their money was completely safe in banks, and that they could trust the banking system to protect their money. "We have a sound banking system in this country," said former Federal Reserve Chairman Ben Bernanke in 2009. "It's safe and it's stable, and we have the tools in place to make sure it stays that way." This sentiment was echoed by many bankers and politicians throughout the years, who reassured the public that their money was secure in banks.Life in the past was much different than today. People kept their money in their homes or buried it underground. Banks were seen as a convenience and a way to store money safely. The idea of banks failing was almost unheard of. The creation of the Federal Reserve in 1913 was seen as a turning point in banking history. It was designed to be the lender of last resort for banks, ensuring they would never run out of money. This gave people a sense of security in the banking system.

However, as time passed, the public became more aware of the practices of banks and how they operate. The internet and the increase in information availability allowed for more transparency in the industry. The public began to question the practices of banks and the Federal Reserve, and their trust began to erode.

Recently, Silicon Valley Bank went under due to bad decisions in their bond investments. This caused a bank run and a great deal of hysteria. Millions of account holders lost their money, and the Federal Reserve had to step in to back them. This was not the first time this has happened, and it certainly won't be the last. Banks are not the safe place to keep your money that they once were.

This raises the question of where to invest your money. In our opinion, real estate is a tangible asset that will always appreciate if taken care of. It's a safer investment than banks because it can't just disappear overnight. Banks have been a staple not only in our country, but also all over the world. The amount of trust people have in banks continues to die and as a way to remain relevant banks create new and creative ways to keep you on the hook, but aside from a basic checking account for transfering money in and out, banks aren't really offering you the best solution as a medium for housing your retirement. However, we do know one thing that can hold your money and grow faster than any other investment option out there. Real Estate.

Real estate has many benefits. It's a physical asset that you can see and touch. It's not subject to the whims of the stock market or the economy. And, as long as you take care of it, it will appreciate in value over time. Real estate can also provide a steady source of passive income through rental properties.

Investing in real estate doesn't have to be complicated. It can be as simple as buying a rental property or a fixer-upper and flipping it for a profit. With a little bit of knowledge and research, anyone can invest in real estate.

In conclusion, while banks were once seen as the safest place to keep your money, times have changed. The public is now aware of how banks truly operate, and they're no longer blind to the practices that go on behind closed doors. Real estate is a safer investment than banks because it's a tangible asset that can't disappear overnight, and if acquired properly it can bring you passive income as you sleep! With the right knowledge and research, anyone can invest in real estate and create a secure financial future for themselves. Reaching out to companies like Stellar Solutions can get you on a one track path to a successfully built retirement plan and the ability to grow your wealth in a way that will continue for generations to come.