A Positive and Hopeful Sign in the Banking Crisis
Throughout the time during which Silicon Valley Bank and Signature Bank were going under, U.S. officials were steadfastly assuring the American people that the U.S. banking system “remains sound and resilient.” The purpose of the assurances was to encourage people not...
We Must Not Forget the U.S. War on Afghanistan
When the Pentagon used NATO to provoke Russia into invading Ukraine, it had to know that one of the great benefits to such an invasion would be that it would enrich U.S. weapons manufacturers, who, of course, are an important, integral, and loyal part of America’s...
The Bank-Run Phenomenon
One of the most fascinating phenomena in financial crises is that of bank runs. That’s when panicked depositors rush to their bank to withdraw their money because they’re convinced that the bank is going broke. Everyone tries to withdraw his money before that happens....