Bret Weinstein

The creditors in question aren't going to go – or the debtors in question aren't going to go insolvent.

But OK.

The punchline though is this.

That's not the only place where we in the public are vulnerable.

Another place, and this is speculative on my part, I would love to be told that I'm imagining things and the danger that I see is not real.

I look forward to somebody telling me that, but so far that's not what I've heard as I've talked to people about this concept.

If the stock market is wildly overvalued as a result of bubbles and fraud,

and it comes unglued, and it causes a run on currency, people trying to get money out of banks, and the banks turn out not to be stable.

Here's what I'm concerned might happen, and I'll connect it back to the question of free speech in a second.

My concern is if your bank goes insolvent,

A, you're now in jeopardy with your house because almost everybody, it's in fact considered financially wise not to have your house paid off.

If you borrowed money to buy your house under favorable conditions, then you can make more money by not paying off your house and taking the money that you would use to pay off your house and putting it into investments that pay better, right?

You're actually financially ahead if you do that.

But if you suddenly can't pay your mortgage,

then your house can be taken, right?

So if there's a collapse that causes us to be unable to service our mortgages, not because of anything we did wrong, but because the whole system is now not in a position to allow us to just simply service our debts, your house could be vulnerable.

And then here's the punchline of the story.

Your bank account is insured by the FDIC, the Federal Deposit Insurance Corporation.

So I've forgotten what the exact number is.

It might be a quarter million per account, something like that.