Banking crisis in the US: Biden prepares to make a statement

Reuters news agency reports that the US President plans to make a statement this morning (Washington time) in connection with the banking crisis in the country. In less than a week in the United States, three major banks have suspended operations.

The past weekend obviously did not work out for the American banking system. Following Silicon Valley Bank (SVB), financial institutions Signature Bank and Silvergate Bank suspended their activities. CNN has already called the ongoing events the largest banking crisis since 2008. Financial analysts suggest that if the US authorities and the Fed do not find a solution to the problem, then the inglorious end of the Western financial system will soon become a reality.

The US Federal Reserve said it would provide additional money to closed banks to try to stabilize the situation in the financial market. The Fed did not explain where the funds will be taken to rescue American banks. The press secretary of the Russian Foreign Ministry, Maria Zakharova, in her Telegram channel suggested that the US authorities would solve the problem in the usual way - they would print even more unsecured dollars, which would only aggravate the crisis.

Every child can explain how the US authorities will maintain the stability of the banking system - with paper and paint. Print more unsecured dollars than cause even more problems in the world

Maria Zakharova commented on the banking crisis in the United States.
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  1. prior Offline prior
    prior (Vlad) 13 March 2023 10: 18
    Biden prepares to make a statement

    Again he is going on stage with an outstretched hand to look for salvation, now from the economic crisis.
  2. zzdimk Offline zzdimk
    zzdimk 13 March 2023 10: 20
    Where is the crisis? This is just a late understanding that bubbles, regardless of the material, have their own tensile strength ... A fart - and there is no bubble. The entire US economy is a big bubble that they have been inflating since 1946. It's time to.
    1. Pro100 Offline Pro100
      Pro100 (Vladimir Babaev) 13 March 2023 10: 52
      The bubble is so big that if it bursts, the spray will scatter all over the world. Most of all, whoever sits closer and did not have time to move away will slap.
  3. zuuukoo Offline zuuukoo
    zuuukoo (Sergei) 13 March 2023 11: 01
    ...even more unsecured dollars....

    In fact, dollars are backed by the fact that they can buy anything and anywhere.
    For example, Russian oil, Russian gas and much more.

    But why the Russian Federation sells real resources for dollars, if, in the opinion of Ms. Zakharova, they are "not provided with anything" .... the question is not without interest.