CEO and Wealth Educator Stuart Zadel is in Stockholm, Sweden sharing a quick story with you about “Falling In Love With Your Bank Robber” – and how it now symbolises a country-wide, national problem in Sweden – and how the same parallels could be drawn with the Australian Banking system.
In 1973, two gunmen attempted to rob a bank in Stockholm, Sweden.
As police stormed the building, there were a number of shootings before they retreated, leaving behind four hostages, and a stand-off ensued for a further six days.
After being released, the hostages incredibly defended their captors and would not agree to testify against them in court… in what has since become known as, the ‘Stockholm Syndrome’.
The Stockholm Syndrome is a condition which causes hostages to develop a psychological alliance with their captors during captivity.
These alliances result from a bond formed between captor and captives during intimate time together… And for this ‘syndrome’ to take effect, there needs to be three things:
1. Threat of impending death
2. Massive uneven power balance
3. Will for self-preservation
Today I’m in Stockholm, standing outside the former bank where this infamous event once took place.
I thought I’d share this quick story with you, because since landing in Sweden, I’ve been trying to get my head around how the country has tolerated negative interests rates from their banks for so long…
And this morning, it finally hit me. It’s the Stockholm Syndrome… at a national, country-wide level… and we have it in Australia as well with our banking system.
Watch the video above as I explain more…
… And be sure to stay right through to the end, as I share my thoughts on Gold, Silver, Superannuation, Crypto, and the real differences between money and currency.