
© Flickr/investing academy pro
In a 'business deal of the century' brokered by the Swiss government,
Switzerland's largest bank and its financial pride and joy was acquired by its smaller rival USB for a meagre $3.2 billion.The current affairs sections of the leading news agencies have recently been populated by the breaking news that Credit Suisse had to be sold but to the lowest bidder this time or so it seems. Though this takeover deal, brokered in such a frantic haste over the course of just a few days by the Swiss government stands in silent testimony of this colossal collapse, there is a question hovering in mid air, why did Credit Suisse have to be sold so suddenly 'at such short (banking) notice', given that the giant bank has existed for 166 years with a superb banking tradition among other cutting-edge world banks?
If we want to answer this question, we need to bear in mind that the bank at the moment of its acquisition had more than $100 billions in its assets so its financial balance was rather sound and particularly because it had more than $500 billion in passive capital such as real estate. Yet, recently it was sold for an obscenely low amount at about $3, 7 billion. But the real reason appears to have been the
heavy pressure that the U.S. government exerted on the government of Switzerland that Credit Suisse, this steam engine of credit and paragon of superb banking reputation, had to be sold inexplicably urgently, sending shockwaves across the financial sector. A direct cause for this seemingly sudden decision was the previous collapse of two other banks: Silicon Valley Bank and Signature Bank (oddly enough, not many ordinary people had heard of those before their collapse) and an additional reason: a financial turmoil in the U.S. stock exchange.
Suddenly, a saying comes to my mind: 'for everything there is a good reason and a real reason'. The real reason for the Credit Suisse collapse was found out a few weeks ago. Namely, the U.S. Senate Budget Committee was in session recently and one of the topics was Credit Suisse Bank. A layperson may wonder how come Credit Suisse has been (was?) targeted by the Budget Committee in the U.S. Senate? And why one part of the report adopted at the Senate Committee which the media managed to get hold of was literally blurred on the verge of illegibility. Apparently, the reason was the obstruction of the Credit Suisse Bank surrounding the investigation of the financial funds which had been deposited by the Nazis (yes, you've heard well, the 'bad' old Nazis) after the Second World War into the bank accounts of Credit Suisse and its legal predecessors:
die Schweizerische Kreditanstalt and a number of other banks or smaller scale financial institutions.
Comment: Makes one wonder about Xtinction Rebellion in Britain, or the Greens in Germany. The CIA has been perfecting its techniques of social disruption for a long time. No need for ham-fisted efforts such as Operation Gladio from the 1970s. Today's operations are far more precise.