Russian State TV Ridicules American Bank Failures: 'Americans Deserve It'

Vladimir Solovyov, a presenter in Russian state TV, made fun of America because of the recent shutdown of Silicon Valley Bank (SVB). He also expressed concern about the potential issues that the United States may face in the future.

Solovyov expressed doubts about the likelihood of other banks in the United States experiencing a financial collapse in the upcoming weeks or months.

Last Friday, SVB, previously the 16th biggest bank in the United States, crumbled necessitating intervention from the federal government. At the point of its failure, the bank's assets were thought to be worth over $200 billion. Its downfall marks the most significant one since the worldwide financial crisis of 2008.

Russian television presenters and their guests often ridicule the troubles faced by the United States and other Western nations, sometimes magnifying the influence or scope of these problems.

Solovyov's contention was that Americans would soon start to query the amount of money being allocated to Ukraine as opposed to safeguarding American financial institutions.

He spoke on national television and expressed that the banks in America are closing one by one.

It's shocking that they are sharing ridiculous information and assuming that we will trust it.

Recently, three of them have passed away. Experts predict that at least ten others are at risk of going bankrupt.

"Meanwhile, if you inquire, 'Folks, what is the amount of funds we are referring to?'"

They mention ridiculous amounts of cash. The financial institutions mustn't collapse swiftly due to these inconsistencies.

This implies that either they are shamelessly dishonest, or the system has been considerably weakened.

The video along with its interpretation was shared on YouTube by a group called Russian Media Monitor. This association keeps track of the programs broadcasted by the Russian state television.

After that, the host from Russia posted a message on Truth Social which came from the former President Donald Trump. He mentioned that Trump created a sense of terror about a financial crisis that could be worse than the Great Depression.

Trump put up a post on Monday expressing his concerns about the economy and the proposed tax increase. According to him, this tax hike is the largest and most foolish in the history of the United States, and five times worse. He believes that Joe Biden will be remembered as the Herbert Hoover of the modern era, and that we will face an even bigger and more potent depression than the one that occurred in 1929. To support his claims, he says that banks have already started collapsing.

Solovyov went on to say, "There is a widespread belief that money is a secure refuge, immune to any eventuality and protected from any interference."

"Oh wow! That's quite a blow for Americans! Have fun with that."

Just to clarify, the amount they donated to Ukraine outweighs this entire sum by a significant amount.

Next, the individuals concerned might comment, "Wait, why would you choose to allocate funds towards Ukrainian interests instead of rescuing a financial institution in the United States?"

On Monday, President Joe Biden addressed the American public to allay any concerns about the spread of instability to other banks. He emphasized that the country's banking system is secure and safe.

Additionally, he pointed out that taxpayers wouldn't suffer any losses. Furthermore, Biden endeavored to reassure the patrons of Signature Bank, which was shut down on Sunday by law enforcement.

The gentleman informed clients who had invested their money in the two banks that they could withdraw their funds starting from Monday. However, he cautioned shareholders that they wouldn't receive any protection as they had deliberately gambled their money.

He also mentioned that he has plans to implement more stringent regulations, but he did not explain the specific steps he intends to take.

Silvergate Capital, a bank that primarily deals with crypto assets, declared its intention to cease operations last week.

The Kiel Institute for the World Economy think tank reported that Ukraine received approximately $48 billion in aid from the United States from January 24 to November 20 in the past year.