Tag Archives: failed banks

  Washington’s weaponization of the dollar makes the world abandon the dollar: The Federal Reserve’s higher interest rates after 12 years of zero interest rates are devaluing the asset side of banks’ balance sheets.  Dollar System Breaking Up: This frightens depositors and they withdraw their deposits.  Depositors also are withdrawing their money because they can get much higher interest rates on …

  The failure of Silicon Valley Bank (16th largest bank in US) last Friday resulted from depositors withdrawing their funds in response to a drop in value of the bank’s bond portfolios caused by the Federal Reserve’s ill-considered hikes in interest rates. The mindless policy implemented by the Federal Reserve cures inflation by producing bank runs, failed banks, and unemployment.   …