Here’s What Happened To The Banks Last Week


I’ve been getting a lot of DMs and texts asking what my thoughts are on the recent bank collapses and what I’m doing to protect my money. In this episode, I break down how the US banking system works and go over key terms, including what a run on the bank is and how it’s changed over the past century. 

I explain exactly what happened with Silicon Valley Bank and what the Fed did to ensure the whole banking system didn’t collapse. Plus, I share ways to diversify your money and reduce risk going forward.


Episode Timeline & Discussion Questions:

(1:19) Welcome back to The Chris Harder Show. Today, Chris is sharing what happened in banking this week. 

(2:33) Chris explains how FDIC insurance works. 

(4:07) Chris breaks down why every single bank has liquidity issues. 

(9:09) Chris describes what a run on the bank is and how social media has changed the way that money evaporates from a bank.  

(11:31) Chris connects the dots on why so many people took their money out of Silicon Valley Bank in a panic. 

(13:45) Chris talks about the Fed’s solution to the impending domino effect. 

(15:35) Chris shares ways to diversify your money and protect yourself.  

(18:25) Chris summarizes his thoughts on the future of banking.  

(19:22) Chris asks listeners to share the podcast and leave a 5-star review. 

Should you panic?
Should you be
freaking out? Should
you be taking all your
money out of the bank?
The short answer is

You’re Going To Hear About:

  • Why you shouldn’t panic because of the recent bank collapses 
  • What’s protected (and what’s not) with FDIC insurance
  • How the fractional reserve banking system works and why it fails sometimes 
  • How social media dramatically changed the landscape of bank runs 
  • Five ways to diversify your money 

Resources Mentioned:

  • Text DAILY to 310-421-0416 to get daily Money Mantras or Business Perspective messages to boost your day.