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Regarding Silicon Valley Bank in California, which closed today…
“And just like that SVB is no more: a historic collapse which in many ways was faster than Lehman, and which has seen SIVB stock plunge from $763 [billion] to 0 in 16 months.”
https://www.zerohedge.com/markets/silicon-valley-bank-crashes-65-halted-pending-news
This closure may not be big enough to create another Lehman moment, but the soon-coming collapse of Credit Suisse could easily collapse all the big banks in the world.
“Shares of Swiss banking giant Credit Suisse tumbled to a new record low Monday after the company warned last week it faces a billion-dollar profit shortfall this quarter—intensifying a weeks-long collapse spurred by speculation that the bank, long embroiled in worrisome scandals, could face a troubling liquidity crisis….
“In 2009, Credit Suisse commanded more than $78 billion in market value. It’s now worth less than $9 billion.”
Babylon is falling. Don’t get caught under the falling debris.
See also:
https://www.youtube.com/watch?v=9p2UvGSe0d8&ab_channel=TheEconomicNinja
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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