"불과 3년만에 파산 위기" IMF보다 끔찍한 내수붕괴에 무너지는 은행 공개. 당장 '이 통장'에서 돈 빼세요 #돈쭐남 #김경필

Summary

In this video, Kim Kyung-pil, the 'man who teaches lessons with money,' discusses the importance of safeguarding one's hard-earned money in the face of economic crises and financial instability. He highlights the growing challenges in the business and financial sectors, particularly as small businesses and financial institutions grapple with rising debt and deteriorating financial health. Kim emphasizes the need for individuals to monitor the financial health of their banking institutions, offering tips on how to assess key indicators like BIS ratios, credit quality, and return on assets (ROA). Ultimately, he urges viewers to take proactive steps in securing their financial future by carefully choosing reliable financial partners.

Takeaways

• 😀 The economy is in a state of crisis, with extreme inequality, and it is crucial to protect your hard-earned money from potential financial risks.
• 😀 The economic downturn is now affecting not just businesses but also financial institutions, making it essential to choose a safe bank for your money.
• 😀 Many small businesses are struggling with increasing debt, and the impact is extending to banks that lent money to them, potentially causing financial problems.
• 😀 While the economic crisis may feel like a distant issue, it's important to remember that financial crises, like the IMF crisis, often start small before escalating.
• 😀 Check the financial stability of the bank or financial institution where you have your money, as one weak link could lead to widespread issues.
• 😀 Use the 'PINE' financial consumer portal to evaluate the financial health of institutions, focusing on key indicators like the BIS ratio, which measures a bank's capital adequacy.
• 😀 A BIS ratio of 8% or higher is crucial for financial institutions to remain stable, and it’s important to monitor whether this ratio has improved or worsened in recent years.
• 😀 The 'Non-performing Loan Ratio' (or 'Fixed Below Loan Ratio') should be under 7%, as a higher ratio indicates potential financial instability for the institution.
• 😀 The Return on Assets (ROA) ratio is a less critical indicator but still important, showing whether a financial institution is making enough profit relative to its assets.
• 😀 Personal finance stability is just as important as institutional stability; ensure that your own debt-to-income ratio is healthy, with no more than 3 months' salary in credit debt.
• 😀 Municipal financial support programs for struggling young people may not be enough to solve their financial problems and could exacerbate their debt issues if not managed correctly.

Q & A

What is the main concern discussed in the video script?

The main concern is the economic crisis, particularly the impact of the financial institutions' stability on personal savings, and how individuals can protect their money in an era of extreme economic polarization and potential financial instability.

Why is the BIS ratio important for evaluating financial institutions?

The BIS ratio is important because it indicates how well a financial institution can cover its risky assets with its own capital. A ratio below 8% signals a potential risk to the financial stability of the institution, particularly if it faces unexpected losses.

What role do small businesses and self-employed individuals play in this financial scenario?

Small businesses and self-employed individuals are particularly vulnerable to the financial crisis as many face increasing debt and risk of default. The instability of these sectors could directly affect the banks and financial institutions that lend them money.

How do rising interest rates affect the financial system?

Rising interest rates can lead to an increase in bad debts and non-performing loans, as borrowers struggle to repay their loans. This, in turn, raises the risk of financial instability in institutions that rely heavily on lending.

What is the 'fixed and below loans ratio' and why is it important?

The fixed and below loans ratio refers to the proportion of loans that are difficult to recover, including non-performing loans. A ratio exceeding 7% indicates potential trouble in the financial institution's management and suggests an increased likelihood of financial difficulties.

What does the script say about government loans for young people?

The script criticizes the government's practice of providing small emergency loans (like 100,000 or 200,000 won) to struggling young people. It argues that such loans may not help those truly in financial distress and can create more long-term debt problems.

What does the speaker mean by 'the chain's strength is determined by its weakest link'?

The speaker uses this metaphor to emphasize that the financial stability of an institution is only as strong as its weakest aspect, such as a single risky loan or a vulnerable financial metric. It's a warning to carefully assess the stability of financial institutions.

How should individuals protect their money in this economic environment?

Individuals should regularly check the financial health of the institutions where they keep their money. This includes examining key financial indicators like the BIS ratio, fixed and below loan ratio, and ROA (return on assets) to ensure that their money is kept in a secure and financially stable institution.

What is the significance of ROA (Return on Assets) in assessing financial institutions?

ROA is a measure of a financial institution's profitability, indicating how well it is using its assets to generate profit. A low ROA, particularly lower than the 10-year government bond rate, could signal that the institution is not managing its assets effectively and could face financial trouble.

What does the script suggest about the stability of banks and financial institutions?

The script suggests that not all financial institutions are equally stable, even if they appear strong on the surface. Some banks are struggling due to increasing debt, bad loans, and the overall economic downturn, so it's crucial to analyze their financial metrics to ensure their safety.