Bill’s commentary:

“And how much in derivatives?”

On Tuesday, Martin Gruenberg, the Chair of the Federal Deposit Insurance Corporation (FDIC), the federal agency that serves as both a bank regulator and the overseer of the federal insurance program for U.S. bank deposits, testified before the Senate Banking Committee. The dangers of U.S. banks holding large amounts of uninsured deposits came up repeatedly in his testimony. For example, Gruenberg’s written testimony included these details about the ongoing banking crisis:

“…on Friday, March 10, a number of institutions with large amounts of uninsured deposits reported that depositors had begun to withdraw their funds.”

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Bill’s commentary:

“Unfortunately, this is one of Erik’s finest…”

Bill’s commentary:

“That would then in fact make this WW3 yet Americans have no idea.” – Dave

“Dave, yet people continually ask the question when?” – Bill

NATO countries are now de facto fighting on the side of Kiev and have become “deeply” drawn into the Ukrainian conflict, Russian Foreign Minister Sergey Lavrov said on Wednesday.  

“Once again, we drew attention to the subversive line of the NATO countries, which have been drawn into the conflict for a long time and are getting drawn into it deeper… and in fact they are fighting on the side of the Kiev regime,” Lavrov said during a press conference following talks with his Iranian counterpart Hossein Amirabdollahian in Moscow.

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Bill’s commentary:

“Just a little more dollar negative news!”

Saudi Arabia’s cabinet approved a decision to join a China-led security bloc, strengthening Riyadh’s eastern ties in a further step away from U.S. interests.

The state-owned Saudi Press Agency said that, in a session presided by King Salman bin Abdulaziz, the Saudi cabinet on Tuesday approved a memorandum awarding Riyadh the status of dialogue partner in the Shanghai Cooperation Organization — a political, security and trade alliance that lists China, Russia, India, Pakistan and four other central Asian nations as full members.

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