Check out my new book "What Caused the Russia-Ukraine War": https://amzn.to/3HY5aqW. You can also read it for free by signing up for a Kindle Unlimited trial at https://amzn.to/3QMsBr8. (These are affiliate links, meaning I earn a commission when you make a transaction through them. This means that even if you read for free, you are still supporting the channel.) Russia, China, and the crypto market are all faced the same problem in 2022. Failure to address properly would cause massive instability in the two countries and the complete devaluation of multiple coins within the cryptosphere. That problem is bank runs, an issue that financial sectors have dealt with for centuries. This video explains how each of their problems is unique and what each is doing to try to solve them. 0:00 Parallels in Russia, China, and Crypto 0:49 What Is a Bank Run? 1:53 Bank Runs Are Self-Fulfilling Prophecies 3:20 Sanctions Causing Bank Runs in Russia 4:15 What Is Deposit Insurance? 5:02 How Russia Solved Its Bank Runs 6:50 What Is a Stablecoin? 8:26 The 2022 Crypto Crisis 10:59 China's 2022 Bank Run Problem Images licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/): From Kremlin.ru: http://en.kremlin.ru/events/president/news/52820 http://en.kremlin.ru/events/president/news/54665 http://en.kremlin.ru/events/president/news/54973 http://en.kremlin.ru/events/president/news/68460 http://kremlin.ru/events/president/news/68490 http://kremlin.ru/events/president/news/68685 http://en.kremlin.ru/events/president/news/68785 Image licensed under 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 Image licensed under 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/?query=Bild+102-12023 Image licensed under CC BY 2.0 (https://creativecommons.org/licenses/by/2.0/): From OSCE Special Monitoring Mission to Ukraine: https://www.flickr.com/photos/osce_smmu/16109335994/