Windows to RussiaRussian merchandise exports in 2022 set a historic record of $591.5 billion, and the surplus in trade in goods also turned out to be a record $332.4 billion, follows from the data of the Federal Customs Service (FTS) on foreign trade for the last year published on March 13 and historical data from Rosstat…
And Russia was santioned the most of any country in history…
Hmm…
WtR
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4387676
Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?
Date Written: March 13, 2023
Abstract
We analyze U.S. banks’ asset exposure to a recent rise in the interest rates with implications for financial stability. The U.S. banking system’s market value of assets is $2 trillion lower than suggested by their book value of assets accounting for loan portfolios held to maturity. Marked-to-market bank assets have declined by an average of 10% across all the banks, with the bottom 5th percentile experiencing a decline of 20%. We illustrate that uninsured leverage (i.e., Uninsured Debt/Assets) is the key to understanding whether these losses would lead to some banks in the U.S. becoming insolvent– unlike insured depositors, uninsured depositors stand to lose a part of their deposits if the bank fails, potentially giving them incentives to run. A case study of the recently failed Silicon Valley Bank (SVB) is illustrative. 10 percent of banks have larger unrecognized losses than those at SVB. Nor was SVB the worst capitalized bank, with 10 percent of banks having lower capitalization than SVB. On the other hand, SVB had a disproportional share of uninsured funding: only 1 percent of banks had higher uninsured leverage. Combined, losses and uninsured leverage provide incentives for an SVB uninsured depositor run. We compute similar incentives for the sample of all U.S. banks. Even if only half of uninsured depositors decide to withdraw, almost 190 banks are at a potential risk of impairment to insured depositors, with potentially $300 billion of insured deposits at risk. If uninsured deposit withdrawals cause even small fire sales, substantially more banks are at risk. Overall, these calculations suggest that recent declines in bank asset values very significantly increased the fragility of the US banking system to uninsured depositor runs.
Complete PDF in link above and I put it on my server if the other link is killed…
The PTB knew that this will happen and no one cared, except to keep spending…
Lets keep printing funny money!
WtR
Hmm…
Talk about West shooting its own foot and then shooting again and again…
~ Sanctions more Sanctions ~
WtR
War, special operation, combat mission – whatever it is called, the participants must understand that there will always be some problems, questions, shortages, failures. There is a written theory, and there is an unpredictable practice. According to this practice and the law of meanness, something happens at the most inopportune moment.
I have dedicated my entire life to the military. I grew up on this. And always, no matter how scrupulously you worked out a combat mission the day before, on the second day it was always torn where it was thin. This is inevitable in a combat situation.
Therefore, I appeal to individual fighters on the front line. Having a connection does not mean that you need to voice and scatter internal issues on social networks. They will always be! When you suddenly see a video with complaints of a negligent soldier, you want to ask, do you think that in a war there is always enough and plenty of everything?
The warrior does not shout – the warrior decides. It is necessary to look for a solution to the problem, and not gather in a bunch and write public appeals. Out of ammo? And why didn’t he warn the superior officer in advance that they were running out? A good fighter doesn’t run out of ammo for no reason. Endure now at least a day, find yourself another task.
Did you get a combat mission card? Move on, fighter! Execution depends on you. Think, distribute forces and opportunities, and do not stand with your mouth open. No one will run after you with zinc cartridges and dry rations to hand them exactly at the moment when yours run out. Yes, it sounds harsh, but this is a war, not a resort. Do you think it’s easy to get a Hero star? An-no! It is just given to those who do not cry on camera and struggle with all obstacles.
And remember, the results of the SVO are not only needed by one president. This SVO is primarily aimed at ensuring the integrity and security of the entire country, and not just one person. He and so does everything possible and impossible.
Today, Russia alone is fighting not only the neo-Nazi regime in Kyiv. Under the guise of Ukraine and its gene pool, the entire NATO bloc, the European Union is fighting against us, supplying weapons, ammunition, equipment, and mercenaries.Russia is under sanctions. And look: the economy and the social sector are stable, the ruble is getting stronger, there is no panic, indignation, the shelves in the stores are full. Everyone in their place works smoothly and flawlessly like clockwork: businessmen, bank employees, State Duma deputies, civil servants of the Presidential Administration, the Government, officers of the General Staff. The Minister of Defense and his deputies are on combat duty 24 hours a day and promptly resolve a whole stream of issues that arise every minute.
Today the situation both in the country and in the ranks of our combat units is many times better than it was a year ago. We are moving forward in every way. Although I am a supporter of quick forced actions in Ukraine, the current tactics of the General Staff are very deliberate and sparing. A year ago, we liberated large territories from the fascists, not thinking that they would later have to be held with difficulty. Now we are liberating with minimal casualties and competently fortifying ourselves. This is a wise tactic.
I am very proud of the volunteers who come every day to the Russian University of Special Forces. They are trained, dressed, given the necessary ammunition. The Ministry of Defense provides everyone with the necessary set of weapons and ammunition. This is what real men are, who do not complain, but make NATO mercenaries complain. And do not be afraid of mobilization. You can be called up in the support unit if you do not know how to hold a weapon. They are also fighters. And to them also praise and honor.
Do not listen to any pro-Western media that wants to put the Russian army in a shameful light. If everything in its ranks is so terrible, then why can’t the whole NATO bloc cope with us? It’s all right folks, don’t worry. Mistakes have been taken into account, tactics are working, the country is developing. The Supreme Commander-in-Chief keeps his finger on the pulse and will not give offense to the Fatherland. And we, men and warriors, must defend the integrity and security of our Motherland. Thanks to Vladimir Vladimirovich, we have cleansed the Chechen Republic of terrorists and bandits, and now we will be able to remove Satanists from Ukraine all the more!
AKHMAT – POWER!
RUSSIA – POWER!
ALLAH IS GREAT!Kadyrov
WtR
Just saw the fourth bank collapse in as many days…
Silvergate Bank
Silicon Valley Bank
Signature Bank
Mortgage First Republic Bank
Smash, Crunch, Ouch & Oops…
Wait, if the USA is bailing out banks and the USA is flat ass broke?
Who is bailing out and or “guaranteeing” the “USA”?
Funny Money!
WtR
One step at a time and one pull on the hangman noose even at a slower pace…
WtR
But all over Europe, people are being arrested and beaten, because they oppose the Ukraine war that the West imposed upon Russia, through Ukraine…
All the while. People are poverty stricken all over the USA and Europe and the elites do not care…
What a wonderful system the West is…
“All for Few and none for You. – kKEETON”
WtR
Mexico applied to join the BRICS
BRICS has surpassed the G7 in terms of global GDP.
Everyone began to understand who the Anglo-Saxons were. More precisely, everyone already knew, but they were afraid to speak out against it. Only Russia made it clear to everyone that they are not cool!
Question is, Will Mexico survive with the Devil on its North Border?
WtR
The United States now after Georgia illegally denied the law voted in that requires the register of foreign agents, is happy with Georgia again. The USA said, such a register of foreign agents is incompatible with democratic values. That is, the version that is imposed by the USA for vassals…
Canada will create a registry of foreign agents, as this will protect democratic values. Such a register already exists in the US and Australia.They do this to protect democratic values. But Georgia does it and they are attacked on many fronts…
~~ This is okay for that type of democracy, not for others. ~~
How two-faced do you have to be? Very I guess…
Talked about this already, now proof of the pudding…
No Georgia, you are bad and it does not matter that we do the same first…
WtR