Saviors Of Earth

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By Peter B Meyer
https://purpelligh.blogspot.com/2023/06/the-dominos-begin-to-fall.html

Major sovereign debt crisis

The widespread panic witnessed, is definitely not what the bureaucrats at the Central Banks were anticipating. Following the second and third largest banks collapse in history a few weeks ago, unveiled an unprecedented rescue plan that was supposed to end the banking panic.

If you have not seen it yet, you can view the details on the official website of the Federal Reserve right here. The most important part of the plan is the Fed’s decision to fully guarantee all of the deposits at Silicon Valley Bank and Signature Bank.

What really goes on; The world is entering a major sovereign debt crisis and that’s going to turn many markets inside out and upside down.

Don’t expect any voluntarily rate hike soon. Instead, a next round of money printing has started around the world in the hope to stabilise falling markets. The problem now is that this has minimal and only short-term effect. For the last years, investors around the world have ignored risks. That is why this panic is so brutal...+
http://violetflame.biz.ly/cgi-bin/blog/view_post/1201231

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