OF THE
TIMES


"For many years, the Federal Reserve kept the rates very low, so the interest on the financial assets that the banks have on their balance sheet is low. When the rates start rising, the values of their portfolios fall, but their liabilities don't.
"The Fed's policy of high interest rates pushes the banks into insolvency. And this is the cause of the problem. If the Fed continues raising interest rates, there will be more failures."

"I'm told the game is going to be: this is NATO, we are supporting NATO in offensive operations against the Russians, which is not going to fool the world... It's us fighting Russia."
Comment: Naturally, the US finds a reason to incite more conflict: Despite violating airspace, the US will continue to do whatever it wants: ... and wherever international law does not allow.