TheRedPillCommunity
Politics • Education
This community platform is for Empowerment, Truth, and Justice!
Interested? Want to learn more about the community?
Massive $78 Billion Cash Flight Rocks American Banking System - Report

In an attempt to combat surging inflation, the Federal Reserve has implemented its fastest interest rate hikes since the 1980s, which has yielded unintended consequences with severe side effects for banks.
The spike in customer withdrawals from American banks saw $78 billion evacuated from bank accounts between July 5 and 12, according to the latest data from the Federal Reserve Economic Data (FRED) system. Under the same circumstances, Silicon Valley Bank and Signature Bank were hit in March by a huge cash drain. Also, First Republic Bank had to solicit tens of billions of dollars from other banks to stay afloat.
The massive cash flights came on the heels of two weeks of relative stability as major banks allocated substantial amounts to third parties to bring in new deposits.
SVB Bank Collapse
On March 1, SVB's value was close to $17 billion, holding about $200 billion in customer deposits. Its clientele, consisting mainly of venture capital firms and the companies they invested in, gave the bank a strong foothold in a profitable market. .....more below

https://sputnikglobe.com/20230723/massive-78-billion-cash-flight-rocks-american-banking-system---report-1112091785.html?rcmd_alg=collaboration2

Interested? Want to learn more about the community?
What else you may like…
Videos
Podcasts
Posts
Larry Johnson - The American Empire is dead!

Larry Johnson - The American Empire is dead!

00:04:30
TheRedPillShorts - Trump is sukk__g of BB Netanyaha
00:00:50
Larry Johnson - we are headed for war with Iran
00:06:27
Geopoli-Tricks: American Empire In Decline(Ft. CIA Chief Analyst Raymond McGovern) Excerpt
Geopoli-Tricks: American Empire In Decline(Ft. CIA Chief Analyst Raymond McGovern) Excerpt
Breaking: Russian Forces hit huge NATO convoy in Lviv,UKR
Breaking: Russian Forces hit huge NATO convoy in Lviv,UKR
Treaty on Strategic Partnership Between Russia and Iran Enters Into Force - Ambassador

Russian Foreign Ministry spokeswoman Maria Zakharova earlier said that the treaty provides for various forms of bilateral cooperation.

The comprehensive strategic partnership agreement between Russia and Iran has entered into force, Iranian Ambassador to Russia Kazem Jalali told Sputnik.

"It is already binding," Jalali said when asked about the date of entry into force of the agreement, as well as whether Iran had notified Russia of the completion of internal procedures.
He recalled that the treaty was ratified by both chambers of the Russian parliament, and Russian President Vladimir Putin signed it. At the same time, the document was ratified by the Iranian parliament, approved by the Guardian Council, and the president issued it as a law.

"Therefore, in both countries it currently has the form of a law and, naturally, has entered into force," Jalali said.
On January 17, Putin and his Iranian counterpart, Masoud Pezeshkian, met in Moscow to sign the Comprehensive Strategic ...

Lavrov Responds to Trump's Ultimatum to Russia
post photo preview
PALESTINE Global coalition charges Israel with genocide, defies US threats to pursue justice

Defying the United States threats, ministers from more than 30 nations have packed Bogotá’s San Carlos Palace to charge the Israeli regime with genocide over its October 2023-present brutal military assault against the Gaza Strip.

The dramatic display of international solidarity saw dozens of high-ranking officials from across the globe convene inside the stately palace on Tuesday, determined to hold the regime accountable for, what they unequivocally called, a “war of genocide.”

The two-day emergency summit, organized under the auspices of The Hague Group -- a coalition co-chaired by Colombia and South Africa -- had representatives, ranging from such countries as Algeria and Brazil to Pakistan and Spain, in attendance.

The participants described the drive as a coordinated effort to stop the Israeli atrocities.

Behind closed doors, ministers and envoys, meanwhile, engaged in intensive sessions aimed at drafting collective measures to pressure the regime -- steps expected to be unveiled by ...

See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals