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Peak ESG is behind us: They ve stopped bragging about environmental wokeness « JoNova
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What are the lessons from the Budget; the collapse of Silicon Valley Bank, Signature Bank, and Credit Suisse; and the figures showing Feb-2022-to-Feb-2023 UK inflation a tad up on Jan-2022-to-Jan-2023, after three months of slight decline in those year-on-year figures?
It's been over a week now since a bank has failed, but according to multiple sources, that does not mean that the banking crisis is over. In fact, many sources are reporting that bank runs are continuing, with a "second wave" of bank runs now going on. As we have previously reported, these modern-day bank runs are not always as noticeable today in the digital era, as you don't typically see people lining up at the banks to physically withdraw their money, as it all happens on the Internet. And while today depositors are rushing into Money Market accounts, once the smaller banks start failing again, expect to see more money exit bank accounts, such as into the FedNow CBDC accounts scheduled to come online this summer, as well as into commodities such as Gold and Silver. The rest of the world is, of course, noticing this, and some are beginning to trade with currencies other than the U.S. Dollar.