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Friday, March 31, 2023

the american banking system is collapsing


One of the country’s largest banks has gone bankrupt, according to TELMENEWS.RU news agency

Silicon Valley Bank has gone bankrupt in the United States. This happened after a wave of depositors who wanted to withdraw their money. People were concerned about the organization’s report. This structure is one of the main ones, providing technology companies and venture capital.

It is the second largest bank failure in US history, after Washington Mutual at the height of the financial crisis more than a decade ago. A collapse can trigger a chain reaction. It is already known that Signature Bank with assets of $110 billion also broke. Russian experts believe that the Silicon Valley bankruptcy is a planned action.

Economist Mikhail Delyagin is convinced that the bankruptcy of SVB is a deliberate murder, as in 2008. “Now it is a blow of financial speculators dying for the financial wing of digital technology which is coming to replace it – fintech. A rearguard counter-attack, but the past is the past, so that we can strike painfully,” he wrote.

Military observer Yuri Podolyaka notes that three other sister banks of the collapsed organizations are at risk. People began to actively withdraw money and deposits, which aggravates the difficult situation. The US Federal Reserve calls an emergency meeting. The imbalance of the American system is obvious.

“We stock up on popcorn and watch. Apparently it will be interesting further on…Especially given the start of the 2024 election race,” Podolyaka writes, suggesting that none other than Donald Trump engineered financial instability. Trump himself heralded the start of the second Great Depression.

The US government, meanwhile, has said it will provide (partial) payouts to bankrupt depositors who cannot withdraw their money. However, there is not enough money for everyone. At the same time, the United States continues to pour billions of dollars in support of Zelenskyyyy.

We also note that previously America had threatened to destroy the Russian economy through sanctions. However, Moscow is holding up. The economic situation in Russia, despite all the efforts of the Western collective, is stable. What can not be said about the financial structures of Washington.

Copyright © 2023 The Eastern Herald.

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