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
All warfare is based on deception. Hence, when able to attack, we must seem unable; when using our forces, we must seem inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near. Sun Tzu, The Art of War
The Empire of Chaos is relentless. Lawfare, destabilizations, sanctions, kidnappings, color revolutions, false flags, annexations: 2025 will be the year of BRICS – plus BRICS partners – as choice targets under fire.
Inestimable Prof. Michael Hudson coined “chaos” as official US policy. That’s bipartisan – and it runs across all silos of the Deep State.
In the absence of long-term strategic vision, and amidst the progressive imperial expulsion from Eurasia, all that’s left for the Hegemon is to unleash chaos from West Asia to Europe and parts of Latin America – a concerted attempt to Divide and Rule BRICS and thwart their collective drive affirming sovereignty and the primacy of national ...
While NATO may be yearning to take on Russia in the Arctic, many of its troops lack the necessary expertise for survival in such extreme conditions.
Although NATO forces regularly participate in drills in the region, many remain unprepared for the harsh realities of Arctic life.
Though NATO forces routinely participate in the bloc’s drills in the region, many of them are still not prepared to survive in the Arctic’s harsh conditions, The Sun reports citing Minna Alander, a researcher at the Finnish Institute of International Affairs.
"Not all NATO allies have the capabilities that are needed and that work in the Arctic environment and climate,” Alander said.....more below
