1ºMarketWatch - NY Times - CNN - Bloomberg- Wall Street Journal - CNBC all saying YES The Worlds Banks are in DANGER now !!! this is serious folks --
A US Economic study flags 186 banks vulnerable to a run like Silicon Valley Bank --A new World Bank economic study on 2023 bank fragility concludes that 186 U.S. banks remain vulnerable to a run on deposits that doomed Silicon Valley Bank, Signature Bank and Silvergate bank in the past week...Silvergate makes 5 banks shutting down ..Credit Suisse to Borrow Up to $54 Billion From Central Bank
The announcement came after investors, fearing that the bank would run out of money, began dumping its stock...Why doesn't The USA President Talk about this ...This is like the Titanic - (usa) just got Hit by an Iceburg ---Biden , No Problem Folks This Bank is Invincible -- Kinda like De-Santis Saying COVID is Fake take off your masks its just a 2 day common cold ..I'd like to know what Blackrock and Transamerica is investing in RIGHT F N NOW !!!
2ºThe Value of Cities
Throughout history, societies without cities don't last long on their own. Instead they are absorbed into or conquered by countries that progressed beyond just raising food. In other words countries with cities and other urban areas are a sign of progress and strength.
Let's look at North America for example. The native populations on the North American continent had no major population centers, no organized division of labor beyond the tribal level, and little interest in technological development. Then came the Europeans with their technological and societal advancements that only come from areas that have many cities. The Europeans that came to North America rapidly replaced the native populations.
This is why the current efforts to denigrate cities and even redraw state lines to consolidate rural areas is incredibly short sighted.
I suggest that those advocating this rural consolidation think what life in these rural areas would be like without the advantages they enjoy because our country has a long history of vibrant cities.