Is a global bank collapse coming soon?

Video Description

A massive banking collapse is coming — and the cause isn’t speculation this time. It’s climate change. Uninsurable homes mean worthless mortgages, and worthless mortgages mean broken banks. Unless governments act now with public banking and sustainable cost accounting, society itself is at risk. 00:00 Introduction – Climate change and the coming banking collapse 01:02 Why banks hate risk and rely on property as security 03:10 The critical role of insurance in banking 05:05 Climate change making properties uninsurable worldwide 07:18 Examples: Los Angeles, Sydney, Southern Europe, London, UK wildfires 09:15 Systemic banking risk and parallels with 2008 10:40 The cascading effects of bank collapse on society 11:42 What must be done – sustainable cost accounting and public banking 12:20 Conclusion – building resilient financial systems TRANSCRIPT A transcript for this video is available at: https://www.taxresearch.org.uk IF YOU WANT TO WRITE TO YOUR MP ABOUT ISSUES IN THIS VIDEO If you want to write a letter to your MP on the issues raised in this blog post, there is a ChatGPT prompt to assist you in doing so, with full instructions, here. https://www.taxresearch.org.uk/Blog/2025/06/20/chatgpt-prompt-for-a-letter-to-your-mp/ HOW TO SUPPORT US Please consider donating: https://ko-fi.com/taxresearch ABOUT RICHARD MURPHY Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’. This video was edited by Thomas Murphy. RICHARD MURPHY ON BLUESKY: https://bsky.app/profile/richardjmurphy.bsky.social OR ON MY BLOG: http://www.taxresearch.org.uk/Blog/ HIT SUBSCRIBE & GET NOTIFICATIONS Subscribe and get notified of new videos released. INTRODUCTION: https://www.youtube.com/watch?v=HdHsRPy3060 PLAYLISTS: The Wealth Series https://www.youtube.com/playlist?list=PLvRueM6wBgobQLeyZYAagFDMjEFTKbhRD Ecenomics https://www.youtube.com/playlist?list=PLvRueM6wBgob54Gs-fOL-8OAQ-IpduwB4 Britain https://www.youtube.com/playlist?list=PLvRueM6wBgobwTT4ATvJjsf8OO6S7wD10 Tax https://www.youtube.com/playlist?list=PLvRueM6wBgoaMni_12J6ULp3yUJisUZoY MMT https://www.youtube.com/playlist?list=PLvRueM6wBgoZ6jvRGSW5YXu8qogE6aClX Money https://www.youtube.com/playlist?list=PLvRueM6wBgoYnLk1c7syTvoIo8bKYUs5m Climate Change https://www.youtube.com/playlist?list=PLvRueM6wBgob4_wsYaVivWd2WumpPLYwJ USA https://www.youtube.com/playlist?list=PLvRueM6wBgoYYd3dSyU2Oyl3x7bWJOP7H Labour https://www.youtube.com/playlist?list=PLvRueM6wBgoa-KhzG-fnjDSg1WROL1zMw The Trump Administration https://www.youtube.com/playlist?list=PLvRueM6wBgobz41-GLimTho27A3flVWQx https://www.bbc.co.uk/news/articles/c4gdg5qq7d5o https://westbridgfordwire.com/pictures-drone-views-show-extent-of-river-trent-floods-at-lady-bay-and-the-hook/ https://www.bbc.co.uk/news/articles/cn81nl1n2v5o https://westbridgfordwire.com/pictures-drone-views-show-extent-of-river-trent-floods-at-lady-bay-and-the-hook/ https://www.bbc.co.uk/news/articles/cn81nl1n2v5o https://ichef.bbci.co.uk/ace/standard/976/cpsprodpb/1939/live/ff32a380-5670-11f0-9f6a-932e10cc460f.jpg.webp https://c.files.bbci.co.uk/assets/845967c7-4ab6-4e26-a112-7436603a9401 https://www.independent.co.uk/climate-change/news/london-flood-map-risk-b1917001.html https://edition.cnn.com/2025/01/08/us/maps-visuals-los-angeles-wildfires-dg https://joint-research-centre.ec.europa.eu/jrc-news-and-updates/wildfires-mediterranean-effis-data-reveal-extent-summer-2023-09-08_en https://www.nytimes.com/interactive/2020/01/02/climate/australia-fires-map.html https://www.bbc.co.uk/news/articles/c99x4599gr7o #BankingCrisis #ClimateChange #FinancialCollapse #UninsurableProperties #MortgageRisk #InsuranceCrisis #SystemicRisk #PublicBanking #SustainableFinance #EconomicStability #ClimateRisk #GlobalBanking #FinancialSystem #CrisisAhead #PropertyRisk #BankingReform #SustainableEconomy #ClimateActionNow #FutureOfBanking #EconomicCollapse