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

– Dotcom Bubble –

– 2007 Crash –

– Stimulus / Fed Lowers Interest Rates –

– New Tech Bubble –

– Covid Spending –

– CARES Act Fraud –

– Inflation –

– Record Low Interest Rates / Negative Rates –

– Banks Explode –

[blargminton]

2:01 in case your wondering he said 'to bail out the failed banks'

[corruptuser]

Everyone in 2008: "We want the banks brought to justice!"
Obama in 2008: "Me, I can do that!"
Everyone in 2009: "Ok, let's see some justice!"
Obama in 2009: "First time voting for a politician?"

[crantorbuttons]

Silicon Valley Bank (SVB) was the 16th largest bank in the US, and it wasn't subject to the most strict controls. How many banks actually are subject to those controls, besides the big four? Any bank could suffer a run and fail, and if that happens to a community level or even state level bank it probably won't upset the national economy or ecosystem of banks, but any multi-state bank should be more closely watched.

[MoroniReviews]

You can still get punished for having too much cash.
Once at baggage claim in the San Francisco airport I witnessed a man getting detained because his suitcase had too much cash in it.

[RicardoLuna]

Saving in the mattress is a good idea... until inflation kicks and your bills are also impacted.

[queenbunnyfoofoo]

I grew up knowing alot of people who survived the Great Depression. Some of them kept the majority of their $ in cash in a safe or hidden. Sure, they had small checking accounts, but were extremely wary of banks. Federal Reserve hasn't changed in all those years.

[DJSkywalker]

My theory is the gator was gonna go to culinary school. Poor guy.

[Kardel_VA]

I'm suprised Florida Man didn't pull a gun on the IRS agent.

[columbusnoble]

how tf do you guys only have 100k you guys put out great content and should have much more!

[TransConservativewaifu]

Thank goodness Mr krabs doesn't have a bank account and stores his money in his mattresses.
Take that, squidward😅

[Gottaculat]

This is why you invest in ammunition: It's more fun to comply with the feds when they demand you turn over your assets.

[David-qiys]

"what if there's a fire?"
"you think a fire is MORE likely than a bank failure?"
"... ... Ah, crap."

[deanlawson]

Yet another perfect example by "IRS Agent 87, 000" of how *Taxation is Theft*

[Cracklin]

If a bank collapses, it’s best to be in a bathtub or in a central room without windows.

[XericSol]

I LOVE this channel! Takes complicated concepts and makes them easy to understand. Should have re-recorded the audio at 2:01 though for those of us who don't hear at auctioneer speeds.

[Cheytac]

Keep 25% up to $15k in cash, 33% up to $20k in the bank (PER HOUSEHOLD MEMBER) and put the rest into investments. Also have (ideally) at least $30k in hard assets. If you can’t financially survive whatever happens on that amount of money, well, I don’t think anyone else around you is going to be surviving either.

And pay off your dumb debts - anything with interest above 5% besides your mortgage should be an absolute priority once you have an emergency fund built up.

[richterman]

The funny thing, the FRC chairman has absolutely no idea what happening. She's over 90

[modakkagitplugga]

That ending where the 5th ammendment no longer exists is too accurate

[Youaretheactionsofgod]

How to survive a bank collapse: Own many guns before the collapse.

[jessicaSmash]

A pandemic of financial irresponsibility
Ha!