RT Going Underground: ‘More SVB-style bank crashes likely’ 10 Apr, 2023

‘More SVB-style bank crashes likely’: Will Western banking crisis implode the global economy? (Daniel Lacalle)

On this episode of Going Underground, we speak to Daniel Lacalle, chief economist at Tressis, who is ranked as one of the 20 most influential economists in the world. He discusses the crisis of bank crashes in the US and why more Silicon Valley Bank-style crashes are likely, why the banking sector in the EU is in an even worse situation than the US, the global scale of the problem and whether the crisis will be as bad as 2008. He also discusses the sanctions war between the West and Russia, why Russia’s economy and rouble have been able to stay resilient, de-dollarization by global south countries, China’s gradual decoupling from the United States, and much more.

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