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Asian and EU Stocks Follow the Downward Global Banking Collapses, Canada OK
Asian and EU Stocks Follow the Downward Global Banking Collapses, Canada No Problem
recorded from live broadcast,
march, 16, 2023
EU Banks Halt Stock Trading After Steep Losses, ft. Paul Craig Roberts
https://www.bitchute.com/video/EFtrTE3em0Sj/
UPDATE Global Banks Collapse Domino Effect, Depositors Locked Out
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Major US bank collapses in biggest failure since 2008 crisis
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In Costa Rica: dollar collapses and prices remain high
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Audios Dollar, Brazil and Argentina to ditch the dollar, South American nations follow
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Iraqi Dinar Plummets, Dollar Devaluation, with National Banks Submission to USA
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Costa Rica, Challenging a presidential candidate Eli Feinzaig, PLP about rising covid deaths rates doubled after Jabs.
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Is Costa Rica the Same as Ukraine, A Corporate Colony of the USA, but Fiscal Bombardment
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FIGHTING INFLATION AT THE EXPENSE OF THE PEOPLE, WESTERN BANKS INCREASE INTEREST RATES
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The Fiscal Revolution, The Peaceful Revolution, & Bank Runs
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JOIN THE FISCAL REVOLUTION
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- Category: Foreknowledge? / Preplanned?,Deep State ,The Twilight Zone,Zionism
- Duration: 04:00
- Date: 2023-03-17 18:02:59
- Tags: asian, eu, stocks, banks, collapse,
1 Comments
Video Transcript:
Another news banking stocks in Asia have taken a tumble following reports that the catastrophic turmoil at Megabank Credit Suisse could have worldwide repercussions dragging global markets lower. As news broke, Japan's topics banks index dropped by 6.4% during the morning session with Hong Kong's standard charted and South Korea's Xin Han financial group trailing close behind unraveling investor confidence across continents since banking shares were hammered in both Europe and New York. That comes after Credit Suisse bank stock plunge rattled global markets with a Swiss central bank stepping in with a $53 billion lifeline. That's as Credit Suisse's biggest shareholder, Saudi National Bank, said it wouldn't boost its share past the current level of just under 10%. And that in turn triggered a fall of 30% in Credit Suisse shares. That caused jitters across financial markets, sparking a slump in major indices. Now this comes hot on the heels of financial turmoil in the US, where the collapse of two major banks has sent ripples throughout the financial world. RT contributed Rachel Mazin has more. The failure of Silicon Valley bank in the United States is sending shockwaves through Europe's financial system, and it's also sending its bank stocks into free fall on Wednesday with the European press making the link between the US crisis and new trouble for Europe's banking sector. Credit Suisse had dropped on Zurich's stock market by midday. Its top investor, the Saudi National Bank, said that they won't help cushion the blow by buying any more than the 9.8% of the shares that they already own since they want to avoid any new regulatory regimes that kick in above 10% investment. Economist Nureel Rabini said in an interview that the Credit Suisse crisis is a quote, Laman moment for European and global markets referring to the Laman brothers collapse that sparked the 2008 economic crisis in the United States, which then spread to Europe. French banks were especially hit hard on Wednesday with trading of France's BNP-Paribas stocks temporarily halted earlier in the day as its value plunged, as did that of Societe-Generale, Creditia Rikul, and Germany's Cornersbank. The CEO of Global Investment Giant, BlackRock, Larry Fink, suggests that Silicon Valley bank was just the first domino to fall, calling it a quote, slow-rolling crisis with quote, more seizures and shutdowns coming. Because somehow Canada, right on the US border and its largest trading partner, managed just fine to isolate itself from the US banking system, 562 US banks went belly up over the past 20 years, yet not a single one in Canada. So here we go again with the other example of Europe's over-reliance and over-dependence on the US to its own detriment. I just want to happen in 2008. I mean, the government bailed out the big banks by printing more money, right? We had all these measures to save the banks by printing. It was called QE quantitative easing. It was basically printing, I don't know, $1 trillion, $2 trillion. I'm sorry, I can't remember the exact figure. But they threw all this money at the banks and that money, where did it go? You know, it didn't really go into the economy. No, it settled in the banks and it contributed to an inflation and an inflation in the value of assets, which is, of course, there's an artificial inflation. And this is the problem. The American government always gets involved in the crisis and tries to solve it by printing more money. But that doesn't solve the problem. That just solves it temporarily. It pushes the problem on towards the future, right? So basically, we are also, we are now coming to Reckon. We are coming to Reckon with the poor measures that were implemented after 2008.