How to Survive a Bank Collapse

On this episode of Common Sense Soapbox, Florida Man shows off his cash-stuffed mattresses as banks collapse. Seamus takes the opportunity to explain how reckless Federal Reserve policy has fueled this collapse.

CREDITS: Written by Lou Perez, Sean W. Malone, and Seamus Coughlin Animated by Seamus Coughlin Produced & Edited by Sean W. Malone

LINKS:

– Dotcom Bubble – https://www.investopedia.com/terms/d/dotcom-bubble.asp https://ideas.ted.com/an-eye-opening-look-at-the-dot-com-bubble-of-2000-and-how-it-shapes-our-lives-today/ https://www.goldmansachs.com/our-firm/history/moments/2000-dot-com-bubble.html https://mises.org/library/does-austrian-business-cycle-theory-help-explain-dot-com-boom-and-bust-0

– 2007 Crash – https://www.investopedia.com/articles/economics/09/financial-crisis-review.asp https://www.federalreservehistory.org/essays/great-recession-and-its-aftermath https://www.investopedia.com/terms/g/great-recession.asp https://mises.org/library/crisis-10-points https://fee.org/articles/the-governments-reckless-student-lending-is-creating-a-budget-disaster-akin-to-the-2008-crisis-new-analysis-shows/ https://fee.org/articles/3-mistakes-that-led-to-the-2008-financial-crisis-all-of-which-were-repeating/

– Stimulus / Fed Lowers Interest Rates – https://www.dlacalle.com/en/why-artificially-low-rates-are-bad-for-you/ https://schiffgold.com/videos/whats-the-difference-between-naturally-and-artificially-low-interest-rates/ https://mises.org/wire/krugman-wrong-again-artificially-low-interest-rates-created-bubbles https://fee.org/articles/the-threat-of-artificially-low-interest-rates/

– New Tech Bubble – https://www.economicsobservatory.com/are-we-in-the-middle-of-a-tech-bubble https://www.economist.com/business/2022/05/14/tech-bubbles-are-bursting-all-over-the-place

– Covid Spending – https://danieljmitchell.wordpress.com/2020/03/04/coronavirus-easy-money-and-the-bad-penny-of-keynesian-economics/ https://fee.org/articles/covid-19-isn-t-the-true-culprit-of-the-coming-recession/ https://www.investopedia.com/special-economic-impact-of-pandemics-4800597 https://www.wsj.com/articles/covid-19s-economic-fallout-seen-lingering-11641918341 https://fee.org/articles/massive-inflation-may-be-coming-because-the-us-government-has-cornered-itself-into-a-fiscal-end-game/ https://fee.org/articles/new-study-pegs-covid-19-crisis-costs-at-16-trillion-so-far/ https://mises.org/library/economic-aftereffects-covid https://mises.org/wire/economic-effects-pandemics-austrian-analysis

– CARES Act Fraud – https://thefga.org/wp-content/uploads/2020/07/Congress-destructive-600-weekly-unemployment-bonus-is-boosting-fraud-and-killing-jobs.pdf https://fee.org/articles/runaway-fraud-plagues-the-massive-unemployment-program-congress-is-about-to-extend-report-finds/ https://www.wsj.com/articles/ppp-was-a-fraudster-free-for-all-investigators-say-11604832072
https://fee.org/articles/new-reporting-exposes-rampant-fraud-plaguing-congress-s-stimulus-program/

– Inflation – https://fee.org/articles/why-just-print-more-money-was-always-a-terrible-and-dangerous-idea/ https://fee.org/articles/kevin-o-leary-on-inflation-you-printed-7-trillion-in-30-months-what-did-you-think-would-happen/ https://mises.org/wire/covid-and-its-statist-legacy-how-did-we-get-point https://mises.org/wire/inflation-who-or-what-culprit https://reason.com/2023/02/02/covid-stimulus-spending-played-sizable-role-in-inflation/
https://reason.com/2022/04/08/covid-stimulus-checks-worsened-inflation/
https://fee.org/articles/markets-are-yelling-mayday/
https://fee.org/articles/inflation-hits-30-year-high-according-to-this-key-metric/ https://fee.org/articles/the-scariest-inflation-chart-you-ve-ever-seen/

– Record Low Interest Rates / Negative Rates – https://www.imf.org/en/Blogs/Articles/2021/03/03/blog-the-evidence-is-in-on-negative-interest-rate-policies
https://www.brookings.edu/research/fed-response-to-covid19/ https://www.hks.harvard.edu/centers/mrcbg/programs/growthpolicy/negative-interest-rate-policy-post-covid-19-world https://mises.org/wire/low-interest-rates-and-high-taxes-wont-help-against-inflation-economy-needs-savings-and-real https://mises.org/library/social-and-economic-side-effects-negative-interest-rates

– Banks Explode – https://www.fdic.gov/bank/historical/bank/bfb2023.html https://www.cnbc.com/2023/03/25/biden-says-federal-deposit-insurance-could-be-tapped-further-if-banks-fail.html https://www.npr.org/2023/03/21/1164263563/silicon-valley-credit-suisse-bank-collapse https://www.aljazeera.com/news/2023/3/21/us-bank-failures-very-different-from-2008-crisis-yellen-says https://time.com/6265084/fed-interest-rate-bank-failures-economy/ ... https://www.youtube.com/watch?v=lolnNCqC2o0