Banks Closed

SVB closed down. The First Bank next turn. Three banks closed down in one week. Swiss Swisse bank bought out by Swiss Bank. In 2008, MBS problem spreaded out in the whole world. China saved the world. Today, again, MBS bonds created the problem. Banks bought the bond at the interest rate at 1.2%. Because FED raised interest up too fast. Now it is 4.5%. SVB bought 800 billion MBS bonds at 1.2%. now, can't sell it out to anyone in order to get cash. SVB tried to get some cash. The bank sold it at the lower price but the bank lose 1.8 billion. News spreaded out. SVB's customers all are rich companies, capitol was over million or billion. They hired finanicial pro to take care of their money. Pro knew and wanted to withdraw the savings money. In one day, SVB closed down. Problem spreads out to the whole world. Swiss bank, next, then, Deutsch bank. Who is the next one. Leaders in America all failed. Why? No credit to all of them. House representative, their level is so low. They havent learned History, Geography, etc, no common sense, no internet senses; president, Secretary of State, National secretary adviser, etc These people have no credit at all, talk one thing and do the reverse thing; And they think they can do these things because u.s. is number one, because you don't know, because i can cheat you, now, they found out actually they eat up their own fruits. No one believes America. 3/29/2023 Brazil 人口2億2千萬，9000美元人均收入，於低收入。要與中國建立人民幣清算。