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HomeFinancial Crisis

Financial Crisis

Finance

Inflation in Argentina surges past 100 percent in historic spike

March 14, 2023 Mariel Alumit

Inflation in the South American country of Argentina has risen past 100 percent for the first time since 1991, according to the government’s latest consumer price index. The National Institute of Statistics and Census (INDEC) […]

Trump
Finance

‘Another Scandal’: Biden Admin ‘Radicals’ Blocked SVB Sale, Nationalized It, Then Blamed Trump For Collapse

March 14, 2023 Mariel Alumit

Instead of spending taxpayer dollars to nationalize Silicon Valley Bank, a private buyer favored by the Treasury and the Federal Reserve had emerged, only to be nixed by FDIC Chairman Martin Gruenberg, according to the […]

ESG
ESG

Woke ESG standards didn’t help SVB, FTX, or Norfolk Southern

March 14, 2023 Mariel Alumit

Video-sharing platform Rumble recently announced that it has no intention of pursuing environmental, social, and governance , or ESG, standards, a catchall term that refers to corporations pursuing liberal goals when it comes to climate change , race, and […]

Finance

Simon Black: The Unraveling Can Happen In An Instant

March 14, 2023 Mariel Alumit

Authored by Simon Black via SovereignMan.com, On Sunday afternoon, September 14, 2008, hundreds of employees of the financial giant Lehman Brothers walked into the bank’s headquarters at 745 Seventh Avenue in New York City to […]

Market
Finance

Stock Market Finds Silver Lining As Banking Woes Stir Bonds, Other Markets

March 13, 2023 Mariel Alumit

Stock market indexes fought back from session lows and closed mixed Monday, as investors tried to figure out if some good will come out of the stock market’s nervous moment. The Nasdaq and S&P 500 […]

Finance

Hudson: Why The Banking System Is Breaking Up

March 13, 2023 Mariel Alumit

Authored by Michael Hudson, The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse of supporting shelving is […]

Silver
Finance

Silver price jumps as SVB collapse spurs flight to safety

March 13, 2023 Mariel Alumit

​ Silver prices surged on Monday as its safe-haven appeal drew in investors spooked by the collapse of Silicon Valley Bank. The metal advanced 6.3% to $21.81 per ounce during the morning session. “A lot […]

ESG

While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs

March 13, 2023 Mariel Alumit

A head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming-out stories, as the firm raced toward collapse. Jay Ersapah, the boss of […]

Finance

UK Tech Firms Face “Serious Risk” From Silicon Valley Bank Collapse, Chancellor Warns

March 13, 2023 Mariel Alumit

Authored by Alexaqnder Zhang via The Epoch Times, There is a “serious risk” to the UK’s technology and life sciences sectors from the collapse of the UK branch of the California-based Silicon Valley Bank, Chancellor […]

No Picture
Finance

Dow Jones Futures Rise As Regulators Protect All SVB Deposits; Signature Bank Closed

March 13, 2023 Mariel Alumit

Dow Jones futures jumped early Monday, along with S&P 500 futures and Nasdaq futures, after a flurry of news Sunday evening. The FDIC and other financial regulators announced that all SVB Financial depositors will get […]

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