Take a look at my new e book “What Precipitated the Russia-Ukraine Struggle”: https://amzn.to/3HY5aqW. You can even learn it at no cost by signing up for a Kindle Limitless trial at https://amzn.to/3QMsBr8. (These are affiliate hyperlinks, which means I earn a fee whenever you make a transaction by means of them. Which means even when you learn at no cost, you’re nonetheless supporting the channel.)
Russia, China, and the crypto market are all confronted the identical downside in 2022. Failure to deal with correctly would trigger large instability within the two nations and the whole devaluation of a number of cash throughout the cryptosphere. That downside is financial institution runs, a difficulty that monetary sectors have handled for hundreds of years. This video explains how every of their issues is exclusive and what every is doing to attempt to resolve them.
0:00 Parallels in Russia, China, and Crypto
0:49 What Is a Financial institution Run?
1:53 Financial institution Runs Are Self-Fulfilling Prophecies
3:20 Sanctions Inflicting Financial institution Runs in Russia
4:15 What Is Deposit Insurance coverage?
5:02 How Russia Solved Its Financial institution Runs
6:50 What Is a Stablecoin?
8:26 The 2022 Crypto Disaster
10:59 China’s 2022 Financial institution Run Drawback
Photographs licensed underneath CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/):
From Kremlin.ru:
http://en.kremlin.ru/occasions/president/information/52820
http://en.kremlin.ru/occasions/president/information/54665
http://en.kremlin.ru/occasions/president/information/54973
http://en.kremlin.ru/occasions/president/information/68460
http://kremlin.ru/occasions/president/information/68490
http://kremlin.ru/occasions/president/information/68685
http://en.kremlin.ru/occasions/president/information/68785
Picture licensed underneath CC BY 3.0 BR (https://creativecommons.org/licenses/by/3.0/br/deed.en):
From Agencia Brazil:
http://agenciabrasil.ebc.com.br/galeria/2013-09-05/cupula-do-g20
Picture licensed underneath CC BY-SA DE 3.0 (https://creativecommons.org/licenses/by-sa/3.0/de/deed.en):
From Bundesarchiv:
https://www.bild.bundesarchiv.de/dba/de/search/?question=Bild+102-12023
Picture licensed underneath CC BY 2.0 (https://creativecommons.org/licenses/by/2.0/):
From OSCE Particular Monitoring Mission to Ukraine:
https://www.flickr.com/images/osce_smmu/16109335994/
source
