Russia-China summit ends

If we weed out all of the NBC’s biased statements, this is the essence of what happened in the two-day summit between President Putin and President Xi Jinping that ended today. ……
https://old.godskingdom.org/blog/2023/03/russia-china-summit-ends

Credit Suisse on the verge of collapse

Many are expecting Credit Suisse to collapse by Monday. The Swiss National Bank's $54 billion credit line (bailout) earlier this week has already failed. UBS has offered to buy it……
https://old.godskingdom.org/blog/2023/03/credit-suisse-on-the-verge-of-collapse

The Fed balance sheet suddenly increased nearly $300 billion

https://www.zerohedge.com/markets/fed-balance-sheet-explodes-300bn-bank-bailouts-lead-record-discount-window-surge In the week ended March 15, borrowings under the Fed's deep……
https://old.godskingdom.org/blog/2023/03/the-fed-balance-sheet-suddenly-increased-nearly-300-billion

Bank bailouts spread contagion

Yesterday, March 16, Credit Suisse was bailed out by the Swiss National Bank with a loan of nearly $54 billion. https://www.forbes.com/sites/siladityaray/2023/03/16/credit-su……
https://old.godskingdom.org/blog/2023/03/bank-bailouts-spread-contagion

Financial contagion spreads to Europe

https://www.cnbc.com/2023/03/15/credit-suisse-shares-slide-after-saudi-backer-rules-out-further-assistance.html Shares of Credit Suisse on Wednesday plunged to a fresh all-tim……
https://old.godskingdom.org/blog/2023/03/financial-contagion-spreads-to-europe

Bank pandemics are contagious

When the Fed raises interest rates, one would think that the banks would benefit from this, seeing as how they are then able to charge more interest on their loans to the public. ……
https://old.godskingdom.org/blog/2023/03/bank-pandemics-are-contagious

Bailouts and Bail-ins

This past weekend saw more significant bank failures on the heels of Silvergate Bank and Silicon Valley Bank. First Republic Bank, based in Los Angeles, failed on Saturday, and Si……
https://old.godskingdom.org/blog/2023/03/bailouts-and-bail-ins

China brokers peace between Iran and Saudi Arabia

The world is witnessing China as a peace broker while at the same time watching the USA continue its war policies around the world. Whose policies will attract the most world lead……
https://old.godskingdom.org/blog/2023/03/china-brokers-peace-between-iran-and-saudi-arabia

Prince Harry and Oprah lose millions in SVB collapse

The collapse of Silicon Valley Bank yesterday was the second largest bank in US history to collapse, second only to Washington Mutual in 2008. Prince Harry may have lost $1.2……
https://old.godskingdom.org/blog/2023/03/prince-harry-and-oprah-lose-millions-in-svb-collapse

Silvergate Bank failure

Yes, I know. This is old news. It happened yesterday, but I was too busy to report it. “This week has seen major trouble for financial institutions tied to innovative and forw……
https://old.godskingdom.org/blog/2023/03/silvergate-bank-failure