Banks Are Collapsing, Are Malaysian Banks Safe? I Explain.

[@drinity49]

I work for a local Bank.. Yes, we're doing pretty decent.. Based on our numbers, we have basically recovered from the Pendemic and have started growing again

[@17wonderkid17]

Numbers good, but does the bank have enough liquidity to meet the same level of withdrawals that caused the multi billion dollar bank runs? Two different things.

[@drinity49]

@@17wonderkid17 no bank has that amount of liquidity if there's a mass public withdrawal.. No Bank!

[@leealex24]

Honestly, Asian banks are far better managed and safer than western banks. Whilst some of the bigger banks in US are great, the smaller ones are like cowboys especially SVB.

[@kenhew4641]

but the ringgit keeps falling...in fact it has fallen worse than the 97 Asian financial crisis. Compare to Thai baht, where it was the worse hit currency in the region when the crisis hit, it has now recovered substantially to almost pre-crisis level. To put it in perspective, just before the 97 crisis the ringgit was RM2.50 to USD1, and it fell to RM4.41 in about a year. If the ringgit were to follow the Thai baht performance, the ringgit should be back to around RM2.60 to RM2.80 to USD1 by now. But instead it's only gotten worse, falling to RM4.75 at one point few months agp, to now around RM4.42.

[@17wonderkid17]

​@@kenhew4641 Well, there was a lot of factors to the volatility of the USD, as the feds QT market risk-off and fled to USD which saw it hit RM4.75~ Dollar was strengthening globally at that point every currency bled against USD. And now the USD has its own problems. Not discounting the lack of performance from MYR and I believe your point is valid. No surprise when the political instability gives little reason for foreign investors, and outflow of many profitable sectors to more business "Friendly" neighbors. And of course the level of corruption is correlated to the level of economic development of a country. Banks do engage creative accounting, while I hope the local banks are better regulated and compliant, looking good on paper will be stress tested when customers actually do panic withdraw in a short period of time, which is the definition of a run. The US banks didn't mark to market their holdings (good on paper), but customers saw the mark to market value is all in large losses (real value), hence they withdrew in panic.

[@marklee6545]

Please do a video on the recent Facebook scams, where maybank users have had their savings account debited to pay for these “facebook ads” unwillingly.

[@ahhoeg4mx]

never put money in bank anymore........bank cant do anything if ur money gone suddenly

[@stephNeq1006]

This is comforting.. thank you for the compact but efficiently explained explanation!

[@perkymt]

Thank God! I was worried for awhile.

[@TroL0iO1er]

The issue impacting our trust in our banking system is bank transfer frauds not so much on bank runs

[@felreizmeshinca7459]

Appreciate your content as always Frankie! Always an extra info from what others have already discussed. Malaysian banks will be safe because we have a combination of people that are financially literate enough to know our banks are resilient/not related & people that don't even know about SVB to even care or make anything out of it. The ones that withdraws all of their money, all in into gold & silver, anti banks are the minority/have small "purchasing" power. Btw, thank you for the early year video on where big funds are investing. It was interesting studying & seeing how the automotive sector moved previously.

[@leesziming3126]

The one thing we need to understand about the US bank failures is that they are correlated to an external phenomenon. Silvergate and Signature failed due to their focus on cryptomarket which makes a lot of sense as to why it failed. SVB failed due to high interest rates which make their bonds unattractive since it only yields 1% and just bad management and risk management, although not ideal, their collapse is well deserved and foreseeable as well

[@17wonderkid17]

Signature didn't fail, it was shut down without cause. It was told to shut down, not a run or bankruptcy.

[@leesziming3126]

@@17wonderkid17 if it didn’t fail, then why did the US authority intervene? Why would they waste tax payer money if there’s nothing wrong with it? It has already suffered losses and it’s on the brink of failure, which is why the FDIC stepped in soo it won’t do what SVB did. To that, signature bank has failed in my eyes

[@17wonderkid17]

@@leesziming3126 Simple, operation chokepoint 2.0, Signature was the last standing Crypto friendly bank, by forcing it to shut down they closed all on-off ramps for US into the crypto market. SVB was plain greed and mismanagement of funds. To think that FDIC or the gov have the people in their best interest is naive, the FDIC's job was to prevent what happened to SVB, but most of those agencies are only acting after the fact. The banks all complied to the FDIC regs, yet they fall. The financial system is flawed to the core, which makes a lot of sense as to why it failed, and is failing :)

[@leealex24]

Honestly, Asian banks are far better managed and safer than western banks. Whilst some of the bigger banks in US are great, the smaller ones are like cowboys especially SVB.

[@h30202]

Yes la. We should worry about what is happening in the US. Everything is connected. Dedollarization is making good progress btw.

[@geraldteng6224]

PIBM only insure up to 250k. Best to split $$ among different banks

[@alfiedj]

Clear and concise explanation. Great job sir 😊

[@dasteam7015]

Since 1971,we don't have real money,,nowadays we only use fiat currency,,dollar is backed by nothing..yes nothing.. The FED always raise the debt level and print paper toilet fiat currency. Real money only gold and silver.

[@cccsss123]

As long as we have central banks and governments, real money is whatever they say so 😄

[@dasteam7015]

@@cccsss123 only time will tell and remember "too big to fail". Thx

[@junxiphuah1953]

It is quite impossible to have only golds and silvers to cater for this huge world population as these resources are insufficient. Not to mentioned those who is hoarding gold. Definitely gold and silver will become very expensive if they are being used for trading. Golds and silvers are being traded in the market everyday (billions) but you don't see them being traded physically and only in digital value. Where do you get so much gold and silver for everyone to trade?

[@benzpinto]

@@junxiphuah1953 well, the world can extend gold n silver to other precious metals or commodities such as oil, timber so that many countries are able to participate in this basket of valuable resources

[@dasteam7015]

@@junxiphuah1953 i just want to give some information. -History will repeat itself -Expect the unexpected Infact our electricity just yet found around late 1800',,so i believe we are in the beginning of the end. At or after 2027,our current global system is fully changed-mark my word.

[@nabilghafar9150]

aaa very good explanation. tq tq tq tq

[@ArfaanaBinUmar.]

I feel the need to be more intentional about my finances I've been meaning to start investing, but I don't really know where to

[@LaurenFeller-dd7uf]

hey have you ever thought about joining a finance community?

[@Fortune_kk]

That sounds interesting tell me more about it

[@LaurenFeller-dd7uf]

Well I have been a part of one for a while now and it’s been incredibly helpful in terms of managing my finances and making smart decisions

[@EloiseLittletonn]

that’s actually one of the great things about these finance community its welcoming to beginners and there are always people who are happy to answer questions and provide

[@LaurenFeller-dd7uf]

it’s devoted to sharing knowledge, investment strategies, global market trends and personal finance like budgeting and saving for retirement. So Whether you’re just starting out or you’re a seasoned investor there is always something to learn . It’s been really helpful for me to stay motivated and accountable with my financial goals .

[@donkeylzc]

Not bad o.. 18% cash requirement... Proud to be malaysian these few time

[@adlizaid5376]

good stuff

[@1chai]

I was about to call the SSPN depositors to make mass withdrawal if the govt refused to continue the tax rebate.

[@MrMoneyTV]

haha.. it's extended now, so no more excuses

[@Headwyres]

Is that a threat?😂😂😂

[@mrbdy1110]

until 2024

[@kenhew4641]

There is nothing wrong in telling people to withdraw their money. I have been telling people that and no longer put my money in banks since 2020

[@RayMak]

Oh my….

[@yichi7]

Hi boss, could u pls make a video on Asean considering ditching USD and BRICS dedollarization? Thanks!

[@mohdshafrimohdshariff1330]

The product is currency...no banks are safe when it comes to currencies.

[@nickgoh8947]

Fiat Currencies that bought Debts and invested in Paper assets will be turned into Zero, unless in real assets like Gold and gold-backed securities

[@mohdshafrimohdshariff1330]

@@nickgoh8947 Credit Money or currencies. If debt defaulted, Saving destroyed.

[@chrisngke]

it's a great thing to know that our banking system learned from the 97's Asian Financial Crisis. Been hearing lots of stuff from elders, the hardship they went through...

[@zaraallysha]

Bank run can happen anywhere in the world

[@MENSA.lady2]

If a Swiss bank can fail then any bank can. That's why my savings are in bullion under the mattress.

[@jesusnotgod5635]

Got any philharmonic??

[@USARealityCheck]

Heya.... where do you live? 👀 😂😂😂

[@mohdpolaris3403]

money in our banks are fiat type as well as US dollars, so when the Brics countries kill dollars via not trading in dollars anymore the dollars being too much printed without gold backing then it will become worth less until the masses realize, hey better do something. Then they draw their money to convert to real assists like gold silver or land that will speed up bunk runs . The point is since ringgit tied to dollar then is that safe?

[@rollinghippo2940]

malaysian ringgit are not just backed by usd, it's also backed by many other major currencies such as rubble, rmb, yen, gold and euro which is called diversification. our central bank know what they are doing.

[@jesusnotgod5635]

Of course not Paper is paper Currency lose,money win

[@orangsimunjan]

Tq sir. lega dengar😅

[@syafiqsya465]

terima kasih bruh, cuma khabar angin agak bahaya utk "layman" macam sya.

[@SubsequentEloquent]

Of course Malaysian bank is safe. Crazy how Europe & US Bank stock fall. While Malaysia local bank pretty much unchanged and making a gain too 😂

[@lvishal]

i hear the ringitt deposit in malaysian bank is insured upto 250K MYR. is this valid for a foreigner's funds deposited with a malaysian bank?

[@Headwyres]

As liong as DSAI our beloved PM is a Finance Minister, you can sleep well with your money is securely in your bank account....

[@arokianathanjoseph6460]

The local banks have a three trillion ringgit exposure to the consumer and corporate sector, with both sectors having an equal exposure of the amount. The consumer sector of RM 1.5 trillion have been exposed to 5 million households. In other words, per household has a RM 300 k debt exposure to a lending institution. If the household debt is 80% and above, the risk exposure of the banks are very questionable. The sustainability on the near term ??????? The interest rates have to be in tandem with the escalation scale of the U.S with regard to their monetary policy. This may pose a question on the ringgit's stability and value ??? The overly exposure of the banks as lending institutions may not hold well in a post covid situation and the aftermath. The citizens of the land are dipping into the EPF as the banks are taking a cautious approach. The volatility of the American banks may spread the syndrome across the Asian fronts and no nation is safe in this regard. The safest option for the local lending institutions is to reschedule their payment terms by extending the tenor with their customers. Otherwise, the risk element is to anyone's guess.

[@TINGHAYDENMoe]

Can you make a video about CPTPP

[@TheAshrafcharles]

HADIR!

[@leahsweetie01]

The PIDM insurance wont cover all the money lost when the worst happened. I think there's a cap for it.

[@sezmihusayn4426]

certainly on banker perspective they r doing fine based on that CAR....but public sentiment on currency devalue/inflationary CPI which put doubt on some people..they rather take out some hard cash for emergency instead of waiting real situation hit on.

[@fariszengi]

all in gamble, sape la advice svb pegi dive all in bond, dah mcm cita margin call

[@planetmarsxenomorph8141]

Bank kat US runtuh pasal diorang pinjam bertrillion kepada kerajaan US untuk pembiayaan jentera perang dan diberikan percuma kepada Zillinsky untuk perang ngan Russian Bear tanpa apa apa faedah pulangan sedangkan Zillinsky sendiri jual separuh daripada aset tentera kepada black market.....ini berita yang tidak diumumkan kepada rakyat US....harap maklum

[@dinsilkhannaz7696]

I figured out that banks loan more money than deposit they have, even for islamic banking. its a plain day deceitful and immoral. How come the practice can be allowed in the legal way is mind boggling. Save real gold silver and bitcoin, put only some enough money in your banks for montly need.

[@108Marycelestial]

Take your cash out. The wise do keep extra cash.

[@Tikko2888]

Hong leong is safe all the time 😊

[@styfrung]

Just wondering about the tax rebate, i can put money into the sspn for myself or it's only for children only?

[@chrisngke]

to be eligible for tax relief, the nominee(s) of SSPN must be your children's name(s).

[@isearchmalaysia]

If the banking system fail, we might as well park our "money" in property

[@benzpinto]

luckily i dont have to worry about all these things bcos i dont have much savings 😂. just withdraw n keep under my mattress

[@jesusnotgod5635]

Buy gold & silver,it's easier

[@furrycheetah]

This one is worst than 97/98 and 2008

[@zairulazhar8845]

nice touch tv...😅

[@nickyyap1663]

Talk is cheap. Every one can talk after what's happened. Can anyone predict it before the collaspe happened.

[@amirulkarim1486]

Thank God my RM11.27 in Saving Account is safe!

[@roybeckson8952]

I wonder why Tengku Zafrul went to Davos the other day.. to implement CBDC?

[@anthonysamysamy3523]

A news reported scammers working with Banking staff.

[@cheryee3659]

Same as company lose money cry father mother, earn money time quiet like a lake: boss attitude

[@phuzb0i]

Big fan, but maybe get some cable ties.

[@danishh1385]

Thank god my ptptn rm 100 in bank are safe

[@thanasekaran8761]

May be in ASM

[@jayasingham6536]

Virtual bank save?

[@ckaii76]

from my experience, we still safe with our gornvement control

[@danialismadi9118]

I don’t need to worry each bank i have is under RM250k protect by pidm so don’t have too much money problem solved 🤣

[@brandenburg2388]

If scared, you can withdraw your money and keep it under your pillow.....

[@yuujilee2778]

just ignore it， people usually here dont have 10million why bother US banks

[@danylong2286]

tis coming crisis will be the worst in history..who knows.

[@jet9078]

You need to upload these content way earlier. Now, everyone know bank in MY will not.

[@azizijunid2923]

Worried? Answer is YES But not too Worried😅

[@dinsilkhannaz7696]

I heard this quote too from Ray Dalio

[@tecksiongkung7121]

our country bank wont crash like the US did because atm / online banking out of service will stop us from drawing money all at once. hahhaha

[@Katana50cc]

Not "silicone"... it's silicon 😆 You use silicon to make chips, not silicone. Silicone is what you use to seal bathrooms 😁

[@seonjie]

funny thing is , in malaysia no one care. all local bank stock no even drop 1%

[@sagirius19]

Can we initiate bank run on specific bank?😂

[@jesusnotgod5635]

Yes,choose the most annoying

[@dannyharridz]

😳

[@polarspirit]

Not safe

[@xzw8911]

My question is "is my property title with any bank in malaysia safe if any of them gone bankrupt? If they gone bankrupt, can anyone trustee or liquidator who take over start selling the property that bank own to cover the debt??

[@MrMoneyTV]

your property serves as a collateral if you failed to service your mortgage. I don't think the bank has the right to seize your asset is you are a good paymaster.

[@xzw8911]

@@MrMoneyTV that happens when a bank is in proper operation and not bankrupt yet, what i am curious is what happens after it bankrupt? Property loans and any loans are bank's asset, whereas deposit is liability. If they already bankrupt, meaning they don't have enough money to cover users' deposit, shouldn't it makes sense for that bank or liquidator to sell the property to cover the deposits? I am not sure if "bank has no right to seize my assets if i am good paymaster" applies when it gone bankrupt and need money to pay back their depositors. In your video you mentioned banks in malaysia are cash rich higher than international standard. But, we all know that FUD is a scary thing, and many users use emotion over rational during such time. Imagine if a bank got into badlight of money laundering and paying millions to billions fine to BNM, or failed auditing or weak online banking or weak SOP and compliance, any cash rich banks could get tarnished image and lose trust by users and suffer bankrun. By that time, no matter how rich that bank is, i am not sure if it can fight back against bankrun and WHO would be in time to pour in more cash to stabilise that bank?? I am not sure if a Tarnished image bank can still be cash rich at that moment.

[@rezabogdan7595]

we are still not being tested with situation like SVB.

[@yogasetiaone]

Malaysia kalau hobi berhutang tak bisa bayar bisa collapse

[@mohdyusuffsharif944]

Itula harapan warga indon... .

[@eunnice67]

Simply put, no banks are safe. Not even in Malaysia.

[@astrodomelife1819]

do not cause a FUD against bank, like it or not bank are the only option to safeguard our money, not bitcoin, not gold not fixed D.

[@eunnice67]

@@astrodomelife1819 As long as fractional reserve banking exists, no banks are safe. Don't be so delusional that you cannot observe reality.

[@kenhew4641]

@@astrodomelife1819 all it takes is just one viral whatsapp msg telling people to withdraw their money asap. You can ignore but if enough of people start withdrawing very soon it will lead to a domino effect and those that did not withdraw will lose their savings. Bank runs are a self-fulfilling prophecy and no banks in the world can survive any bank run. So it's up to every individual to safe guard their money, if they think they better withdraw their money and keep in other storage like assets, properties, bitcoin or under their pillow, it is their own safeguards of their own money. After all, putting your money in banks is just giving your money to another third party which they will use your money without your knowledge or consent

[@Jongys]

Jesus! Calm down with the thumbnails!

[@congregationGlobal]

🪨

[@cl9803]

governor of bnm says we are ok, are you trying to create FUD? i’ll report to bnm, please clarify

[@felreizmeshinca7459]

Watched the whole video, there's no such thing. Jangan bazir masa buat report. Hargai masa anda.

[@furrycheetah]

Don't trust BNM

[@benzpinto]

dont get reported yourself for misleading comment. watch the entire video before commenting.

[@corzova]

Kalau masih percaya 100% pada apa yg government ckp... means.. u learn nothing...

[@kenhew4641]

if you are so scared, then just withdraw all your money from banks then. If you want to put your money in banks, then be prepared that bank runs are always a possibility even if you don't want to hear about it and don't want it to happen. It's people's money and they should be free to do what they want with it, be it keeping in banks, putting it in properties, bitcoin, gold, collectibles or wrapping them under their pillows.