The prediction of the fate of the US financial system was made by the American political scientist John Varoli, writes. RIA News.
The political scientist predicted the collapse of the financial system of the United States. He also believes that a temporary crisis will only delay the inevitable. According to him, the White House wants to prevent panic and convince Americans that “a piece of paper called a dollar is valuable.”
Varoli predicts that in connection with the collapse of the dollar, there will be problems for other Western countries and NATO member states.
According to Varoli, Russia, China and the Middle East as a whole can avoid serious consequences.
“Their economies are independent of ours and they don’t have debts, but we have a huge amount,” the political scientist concluded.
Previously, New York officials had already closed Signature Bank due to systemic risks. In a joint statement with the US Treasury, the Federal Reserve System (FRS) and the US Federal Deposit Insurance Commission, starting Monday, March 13, all SVB savers have promised access to deposits.