Banks Are Collapsing… Here’s Why
What now. And what’s next?
Support:
► Patreon: https://patreon.com/coffeezilla
Follow:
► Twitter: @coffeebreak_yt
► Instagram: @coffeebreak_yt
Credits:
3D Artist: Ed Leszczynski @LeszczynskiEd
Video Editor: Harry Bagg @HarryRBagg
Virtual Production Software: Aximmetry
This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch.
Jim Cramer is proof that being confident is more important than being right.
I think Chael Sonnen has this one in the bag
Who is Mike Jones ?
@MB not entirely. He’s one of the worst public financial figures alive, but he did graduate at the top of his class at Harvard, worked at Goldman Sachs, and founded a successful hedge fund.
Not sure why Cramer’s advice is such garbage tbh
Quiver Quant made an algo that shorts all of Cramers positions. It’s up over 24% since it started
I never case to be amazed at all these CEO’s and Executives who manage to cash in and sell off their shares/options/tokens right before their company implodes … and never spend a day in prison.
Especially when there is a leaked group chat just talking crime
@Jack Van Kirk
Imagine if we had informed and serious voters that held our corrupt Congress accountable
That should fall under and be considered insider trading.. a CEO wouldn’t have sold that, without insider knowledge of the business status. It’s beyond criminal
@Andrew Manook The official poverty rate in 2021 was 11.6 percent, with 37.9 million people in poverty.
Corporations when hundreds of thousands of people are laid off in a week: “We have to let the market correct itself, propping things up will make it worse”
Corporations when they bankrupt themselves: “Daddy we made a oopsie, can we pwease have a baiwowt uwu”
@Christopher Carson well that inversely doesn’t mean that regulations = good also. Regulation is regulation, too much of it and there’s no competition, too little and it’s a anarchic Warzone.
@Cwovictor then naturally, all the ones that last would be the ones that are responsible with their money, and newer companies will look towards them as models of success to base themselves off of.
Thinking of large corporations as cringe weebs amuses me greatly. Thank you
Those CEOs should have criminal charges against them
@Gilad Barlev Not all “insider trading” is illegal, owners are allowed to buy and sell stocks in their own companies based on _some_ knowledge and afaik they notified about the trade in time, Definitely beyond me knowing if they did anything illegal in this case, maybe, maybe not, but just selling stocks in your own company is not illegal by itself. I am not defending them, this thing reeks of malfeasance and greed and the banking system is overdue stricter controls, they should not have had the choice of putting the bank in this position to begin with.
@nrk985 Did you miss the part about the stock sales? This happened Feb. 27. Less than two weeks later they announced that the bank would be selling new shares to plug a hole in the balance sheet. That’s what led to the run, but even if it hadn’t, it would have torpedoed the stock price thanks to nothing more than supply and demand.
I’m not a prosecutor, but that seems like insider trading to me.
If the money was tied up in bonds and people suddenly wanted their money all at once, I don’t see how that’s their fault. How can you predict people doing a bank rush? If there was a mismanagement of money I’d understand but so far seems like all was in order until the bank rush happened
If nothing changes I think this will happen more and more often as time goes on until the bubble pops enough that nothing is left. It’s honestly crazy that we’ve made it this far with a system like this in place
Because the people in charge think the bubbles are a good thing, because they bail themselves out anyways.
@CryForAbsolution I swear it’s like people will put more energy into arguing on Twitter than worrying about impending problems 😭
@my view On top of the debt our government decided to print 80% of all USD in circulation in 1 year so it will be relatively worthless within the next couple of years. It’s going to be Venezuela all over again 😂
I’d totally be ok with Coffee bringing us like a weekly roundup of the most important news from around the world
Second
I second that
That is actually a fucking great idea
All of those CEOs and shareholders who had “insider knowledge” and pulled out before the big hit should all be held accountable.
Should
@ShaCaro lol socialist you say? Which country?
@azkrouz reimertz The US is systematically capitalist dominant, and always has been.
@It’s Mikedo you live in a social democratic country?
I like that you explain videos in a way that even my poorly educated highschool dropout ass can understand. Thanks coffee. Your content is always informative and appreciated
They say you don’t truly understand something until you’re able to explain it in a simple fashion.
Coffee knows his shit
If you’re willing to learn, you’re doing it right. At any point in life.
Don’t blame yourself about your education level. Our education system taught us mitochondria is the powerhouse of the cell but never taught us how to fill our tax forms…
@Middle Earthling not to mention properly structured and the curriculum reformed, it continues to be a stagnant institution in the west
Just remember that being poorly educated isn’t your fault, school systems could be teaching important stuff this way if they were properly funded and staffed.
One of the things that really kicked off the great depression was when mass panic set in and everyone withdrew their savings and emptied their accounts.
@wtfserpico no people are animals
@Aerys Targaryen II I can’t argue with that. You’d hope people would have level heads, but as you pointed out that doesn’t actually tend to be the case.
This. While it sucks that the criminal behavior of the fat cats running these places is essentially being rewarded I can see why the govt stepped in. If they would have just sat back and done nothing a run would have started.
Would it have been big enough to cause another true depression?
Should they have let it happen regardless?
Questions to ponder.
You explained the interest rate to bond relationship in a couple sentences in layman terms. When I see a video under 10 minutes, I know the creator is getting to the point.