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One thing Prof Wolff reinforces is that in the American system, profits are all privatized but risk and failure is socialized.

. This gentleman provides a finely woven texture of context for current event$

Exactly the information I was searching KZfaq for regarding this situation.. Professor Richard Wolff featured on Status Coup!

I've never heard of Jordan Chariton but I always research recent videos of Professor Wolff and i'm glad that he is willing to go on these channels in order to reach a wider audience that actually cares to listen to what he has to say. Thank you Jordan for having such an amazing guest on your channel. If you would like a guest that can describe what is going on with Ukraine, I would suggest none other than Professor John Mearsheimer from the University of Chicago. Thank you again and I wish all of you luck on your journey for knowledge. :)

Great Interview/ Information ✨💕✨ Thank You 🙏✨

Prof Wolfe is wonderful 🤩

Mr Wolff is a treasure for humanity! Cheers and many many thanks from Patagonia, Argentina!

Who else finds it deeply concerning that America invests a disproportionate amount of time, human energy, and seemingly limitless resources into the protection of it's fragile reputation, when in fact this same capital could be far better spent practicing an ethical, moral, and sturdy code-of-conduct cemented in sheer human principle?

Years after flint and they can help, months after East Palestine and the government can't help but the moment of corporation needs money, they can't get money fast enough to that corporation or to some wealthy family. It is said that in the Halls of Congress, it took 30 minutes to get Congressional approval to bail out these banks

Another brilliant explanation by Prof Wolff. The Washington bureaucrats would hate him like crazy because he speaks the truth of what is going on in this financial mess.

You are a vert good interviewer, did not interrupt the professor, great lecture!

Prof Wolff, you’re a very smart man. Wish you could make every American really see the society we live in, unfortunately not every one truly can understand the ramifications and the long term effect it has on our lives. Makes me think back when I was in school learning about ENRON. Wish u the best 👍

Thank you both for sharing your knowledge with all of us!

I love Prof Wolff

I'd rather have social socialism than corporate socialism but instead this oligarchy is going full fascist.

Love Dr Wolff

And who controls the media which is supposed to keep the public well informed?

Prof Wolff as always nails it. great interview

Love his interviews with Richard wolff 🐺 Richard always puts it in the simplest form for any one to understand

Brilliant. Very eye-opening expose of the banking system. Thank you!

Lots of people have been warning about this next recession for the past couple of years. My gut tells me it's only just begun. A bunch of real estate is already starting to plummet. We need regulation to prevent banks from buying up all the homes and hiking the prices up even more.

❤ Wolff - thanks for having him on. This was top notch.

That was a great explanation by Richard, he has a way of making complex issues understandable. I'm in the UK, but essentially it's the same here.

In Greater New York City alone, there are over 100 banks, and many more much smaller ones, so this bank going under seems very suspicious to me.

Another great interview by Jordan with a highly intelligent personality, Dr Richard Wolff. I learn something every time.

A powerful coincidence is preparing in the US. Expansion, bank breakdown, serious dry season in the horticultural belt, downturn, real estate market decline, bank emergency, food deficiencies, diesel fuel and warming oil deficiencies, child recipe deficiencies, accessible car deficiencies and costs, the cost of residing place. It's all approaching together and it could prompt a genuine calamity towards the finish of this current year (or sooner). With expansion at present at around 6%, my essential concern is the way to expand my reserve funds/retirement asset of about $300k which has been exposed target since perpetually with zero to no increases.

I wonder how many congressmen have a financial interest in the failed banks?

Great news!!! Love you both! Thanks for keeping it real.

Thank you for this, Jordan & Professor Wolff.

I have aphasia and increasingly have difficulty understanding complex subjects. Kudos to Wolff for making economics comprehensible.

It's surprising that we're permitted to hear someone who actually understands the roots of the financial maelstrom this country has found itself in and to be able to speak without being suppressed by the 'powers that be" in his analysis of the shocking state of our economy. We could use a team of analytical experts like Professor Wolff to start from scratch- something similar to the Mayflower approach; in other words, an honor- based system which is the only one that will work.

RESTORE REGULATION IMMEDIATELY

The banking industry lobbied congress to ease regulations that were put in place after the 1989, 1990 banking disaster/recession. It wasn’t long after lobbing, that regulations were eased by congress putting us back in the same situation that would allowed for the disaster to happen in the first place. . Thus the 2008 banking disaster! It seems congress never learns . . . especially when those campaign contributions keep coming in❗

Educative, Informative, Eye-opening.....Thank you JORDAN for a wonderful programme.🙏🙏🙏

Really interesting interview! Prof Wolff is a exception of clarity, intelligence and wisdom showing where this system stands!

Always a pleasure to learn from Professor Wolff's presentations

I laughed when I heard Biden say that “No Tax dollars are being used”. 😆🤣😂

End the pointless wars, establish worker co-ops, tax all gains after $176,000 . The money is there it’s not accounted yet.

Exactly the kind of person I'm looking to when this financial sleight of hand bullshit pops off. Thank you for having Wolff on to break down the situation for us!

Prof. Wolfe is an awesome guest! Thanks a lot status coup. Capitalism is a grift.

Thanks for this interview

Love DAW, great to see you on Status Coup!

9:25 Less than 3% was uninsured. You can look that up. It also means that the vast majority of people/groups had tremendous amounts of money in the bank. The reason they picked that bank was because they would give risky loans and allow people to move a lot more money around suddenly

Protect the IRS and beef up it's personnel. Tax the rich and regulate impropriety in all departments of the Federal Government.

Thank you To Professor Wolf for hitting th Nail on the Head. How long does this have to go on until we have a total 1 percenters/corporate collapse. I'm already seeing the layoffs. How many homeless people does it take.i say shut it all down and see where the Billionaires are at that point, like France is doing right now and the garbage piling high there in their in the streets!

All this madness from people who would be quick to admonish the rest of us to save, to not gamble, to be financially conservative and responsible with money. They are the exactly the ones to spend in excess, to gamble, to NOT be conservative and responsible with money. The rest of us are the ones to be cast out on the street while THEY get bailed out.

As always the best insights with the Wolff 😊

Kills me to think of crypto currency freaks getting bailed out.

Great interview, thank you Status Coup.

Thanks for this interview with Prof Wolff. We will probably need a weekly update from him for the next few months as more comes to light.

Oh my! So much going on.

Excellent.

As an average Joe. Thanks for helping me understand what is happening B.P

How much of these bank failiers had to do with on commercial realestate foreclosures, since more people are working at home?

Funny how these sort of troubles seem to be a boon for all sorts of media personalities. That's their time to shine.

Keep speaking about it, now is the time. The future is here

REGULATIONS NEEDED IMMEDIATELY PRO WOLF DEM AT WORK

Richard Wolff You are the best. My first time to hear you was at Judson Hall NYC

I love Professor Wolff. That is all.

This banking system is in terrible shape. It needs to be reformed.

I have a master in mathematical finance, so it wasn’t so easy to get me convinced to begin an investment without me carrying out proper research on her. I had her broker ID checked and she’s fully verified! So I began with a few bucks, only to get huge returns in a month. I reinvested and now I get long term monthly returns… So glad I don’t rely on pay checks anymore.

OUTSTANDING ANALYSE!

US BANKS COLLAPSE ‼️ UKRAINE WINS BANK OF THE YEAR ‼️

In Washington State we have beautiful Evergreen forests. Often times they catch on fire, sometimes due to careless humans, but more often due to things like lightning strikes. Throughout much of plant-history that's not a big deal. The fire burns all the needles and smaller twigs/branches off the tree but doesn't get hot enough to actually kill the tree. The fire also burns off the fallen branches, needles, and dead wood on the forest floor. In 1908 we started keeping a close watch for forest fires and moving quickly to put them out in order to protect the value of the timber. As a result, dead wood began building up on the forest floor over decades. Now when there is a forest fire it burns much hotter than previously. Trees are killed, rather than being stripped. The hotter fire also grows faster and spreads into areas that might otherwise be too damp to burn. Since people like living near forests, more homes, more towns are endangered. Centrally planned management of forest resources has taken something that should be a minor nuisance and turned it into a major threat to the lumber economy and to human life. Likewise, Government meddling in the free markets - keeping interest rates unnaturally low for long periods of time and by creating moral hazard by bailing out the greediest and most imprudent, we end up with much more dangerous swings in the market and prevent the efficiencies that free markets can employ. Schumpeter's creative destruction. At least that's my impression, but what do I know? I don't have a PhD. so I will be a bit tentative of criticizing someone who does.

Thank you for your informations..🎉

If you get a chance to talk to a chemist could you ask some questions about the topic: When you see the watercolors in the water what exactly are we looking at? Are those dioxins, if yes, what kind of concentrations would cause the intensity and density of those colors? (not sure I am even asking the correct question) what I am trying to determine is if that is enough to cause health problems or death or not? Can we glean anything from those physical properties that could give us a clue as to HOW BAD IS IT?

BTW, "Marxism" on the background...😁. Thank you for sharing. I learnt a lot from you.

My question - there were reports of 2022 bonuses being paid out prior to the collapse of the company. Also, reports that upper management has been selling large amounts of shares very recently as well. Basically, if bonuses were paid, then in my experience that is direct deposit. Let's say that 2019 and 2020 and 2021 bonuses were paid by direct deposits into SVB accounts held by SVB employees. However, if those employees that normally used SVB accounts suddenly changed their accounts to a different bank, that would be suspicious.

*Brakes* is the perfect metaphore for regulation and Capital hates speed limits.

Thank you Mr. Wolff

Exactly about the student loans. They say to people "Oh, you knew there was a risk that you could not repay the loan when you took it out" and hammer home the ol' "personal responsibly" lecture. But if you're a rich venture capitalist or banker, then you no longer need "personal responsibility" for your risks and actions. Got it. Never mind the fact that this broken society owes us all at least a few bucks off the student loan because THEIR GREED AND BS is why it is difficult to pay it back in the first place. A job requiring a college education SHOULD be able to cover the cost of the degree! but now, you need to choose between rent and paying the student loan. And NO, not everyone can just "go home and live with their parents." Some homes are dangerous and mentally traumatizing and people should NOT have to go back to them. The salaries were supposed to keep up with the cost of living, but they kept salaries low and raised the rents without competition in markets- "market rate." They fight paying anything to us at all: any benefits, any health insurance, any security, and have the NERVE, THE GALL AND AUDACITY to say "well, if we give them these things, they won't work." Please. Those things used to come as a given with work with a job for adults. Stating this here, I'm obviously preaching to the choir. But the problem is, everyone just shrugs and goes "meh, what are you gonna do?" The scary part is people can agree with what I just said, most people know it on even a subconscious level, but NO ONE wants to do anything about it. We need to start getting "think tanks" like they have and start figuring out exactly what we can do about this. I am hoping to leave to solve the problem for myself, but that's a long shot, and it only fixes the problem for myself. Unlike these greedy "individuals" I would like to save others as well. So what can we do to improve things instead of watching them get worse?

Thank you Mr Wolfe

Brilliant explanation as always.

prof wolff always a great guest

Thank you Sir, 👏😥👏

Excellent thanks.

I still don't understand how people rationalize this instability as a good thing. Like WTF.

Thank u!

Keep Shining the Light. #EndMinorityRule @profWolff

The only way to fix it, is to start putting these executives in prison. But tthat will never happen.

The government says its safe and effective

Extremely intelligent Mr Wolf 🐺

Professor Wolfe is the man ! Thanks for this factual and informative video

A person unable to follow the financial system is not a "simpleton" !

Good interview

Why doesn't KZfaq show the comment count any longer? I keep thinking, Wow noone has commented..then when I go to make a comment, they are there!! Weird!

I don't subscribe to every aspect of what R. Wolff speaks about but he has laid out the riot act here.

Daddy Wolff

Jim Cramer was pumping SVB stock 2 weeks before it crashed.

I knew this was coming a long time ago. After reading the Creature from Jekyll Island it's been in the works for decades. It's game over.

Prof. Wolff was just on a podcast called No BS News Hour in a kindof debate with a neolib capitalist. It was really good, he did a spectacular job and its worth checking out. Edited to add that Jordan has also been on No BS News Hour to talk about Flint water crisis.

New term from the government learnt this episode. 'backstop' who heard of this before?

Dr Richard Wolff authors educational books as well. See his Democracy at Work online show. Funny as well.

At least this time Professor Wolff acknowledged that China has problems. Usually he accurately and exquisitely exposes our defects, and boy do we have a lot, but glosses over China's systemic defects. He praises China and rips up capitalism. I'm happier when he does an honest comparison exposing the weaknesses in both countries. My argument with this Professor is based on a love of democracy, a wish for socialism where the people actually own the means of production and being thoroughly fed up with this miserable capitalist system. Everything else he said about this country is absolutely true. No arguments there. It was an accurate description of our banking system and the recent bank failures. We do have a failure every 4 to 6 years and I'm pretty damned tired of inefficient, corrupt capitalism that breaks down all the time. If we were talking about a car I'd say it's a lemon. Get rid of it before it eats you alive.

why wouldnt the banks who were bailed out and no executives were fined or went to jail do the exact same thing again?

If things get bad enough, could they also put capital limits on how much money can be taken out of an account at any given time?

love it when Wolff says: succinctly.... I think, alright, let's see!

The student's mistake was not being told that there are many countries out there that they could have studied in for free, had they known to apply to them. Ignore the fact that these countries offer free education to foreigners on the bet that after being treated well for 4-10 years, they'll elect to stay and help their host country's economy.