Last week the banking crisis was in the US, as Silicon Valley Bank experienced a bank run, which led to its incredibly rapid demise.
Yet in the days after the #FederalReserve and FDIC were guaranteeing the depositors in SVB’s collapse, the attention shifted to Credit Suisse, which had been rumored to be on the brink of failure for the better part of the past year. And despite being given an almost $54 billion loan from the Swiss National Bank late last week, it had to be taken over by UBS over the weekend.
Conditions in the banking sector are now deteriorating rapidly, with the consequences of the higher central bank interest rates now being felt in full force. And to make sense of what’s going on, Vince Lanci joins me today for another live call where he catches you up to speed on what’s happened in the past week and also takes questions.
How will the central banks respond to what’s happening? What does this mean for the currencies as well as gold and silver?
Vince breaks that down and more, click the link below to watch now!