lack of demand, but to borrow from the movie a field of dreams, perhaps this is just a case of, if you build it, they will come. that's going to do it for this week's episode of modus operandi the show that digs deep into foreign policy. i'm your host manila chant. thank you so much for tuning in. we'll see you again next time to figure out the ammo. ah, with capture to us bank co ops over the weekend, the new york stock exchange holds trading and a handful of bank stocks that are crashing, coming just after president by then tries to calm the waters or sharing americans that their money say. the president of bella, ruth says, america has strangled or wrong for decades. his comments came as he held bilateral talks in tehran, where the country's leaders reaffirm their commitment to building

a multi polar world. and the bbc makes a do turn, reinstating its top sports presenter, gary whittaker, after sidelining him for comparing the nations migrant policy to that of germany's in the 1930 a coming to live from the russian capital. this is our t international. i'm rachel blevins here with the top stories would be our welcome to the program. following the silicon valley bank collapse, this dominating financial headlines contagion fear spread shares and multiple banks crash and how they're trading halted on the new york stock exchange. those effect, it include charles, swamp, western alliance and 1st alliance, 1st republic bank and a number of others. the list is growing. the crashes occurring while president

biden sought to reassure americans that their money is safe, but refused to engage with journalist after he delivered his statement. all customers who had deposits in these bank can rest assured, i want to rest assured they'll be protected and they'll have access to their money . as of today, that includes small businesses across the country, the bank there, and need to make payroll pay their bills and stay open for business. no losses, and i want this is important point, no losses will be borne by the taxpayers. let me repeat that no losses will be borne by tax payers, the president. what do you know right now about why does happen and can you sure americans, that there won't be a ripple a past, due balance of evidence should all the positives be protected at all? banks are to go further in depth on this. i'm joined by. are you contributor chris here in the studio? chris, it's great to have you here on the program. now we're seeing all the fall off that's

happening. we're seeing all of these headlines, but let's start at the beginning. how exactly did we get to those point, right. so that's just a really great questions trying to understand where we are. so let's take the bank in question that's causing all of this disruption. it's a bank with silicon valley bank. now, i don't think many people in the world let alone many americans have even heard of its bank until friday. right. so it's quite an interesting bank, may, rachel, because it's as, as the name suggests, it's the bank used by most tech companies in the us. and also they have branches across the board, including in the united kingdom. right. and, and, you know, we, we will, of a, we will have an iphone and a lot of us use google on a daily basis. but a lot of us didn't realize that this bank was propping up a lot of these start ups of the future. right. and the interesting thing is this bank had most of the 95 percent, even of the people banking with that bank had a balance in their accounts of $250000.00 or more. now that is the amount. now that's the amount under the deposit guarantee scheme of the us government that

you'll covered for if the bank falls. that means that a lot of start a business is that right? multi 1000000, even something is multi $1000000000.00 rounds. if the bank is not bailed out or rescued in some way, they've lost all that money. so what happened basically to get to this point is the bank had, had lent a lot of money. so when you go to a bank, usually some people don't understand how it works, but if you deposit money at the bank, the bank uses that money to lend out of the customers. be that for a mortgage via home or big loans to institution. and what's happened is they little helped most of their balance sheet and they only left so around $250.00 plus $1000000000.00. but they only left $1000000000.00 of liquid cash in the bank. so what happens is the bank had bought a huge amount of us government bonds. the u. s. government hike, the interests right. and i was the, those bonds become less valuable. now when that happens, the bank goes into the red. so suddenly they don't have that liquid $1000000000.00 cushion. so what happened is a lot of the, the, the, the people holding money in the bank, they did what we call

a run on the back. they been through that money that we drew around $13000000000.00 before the regulated step in and suspended the bank. not really cause the math. it's cause people to distrust banks on the whole in the us and in the west in general. but the people start to think, hang on, i'm giving you your money more money. i've trusted you with it. and now you've essentially lost the load of it. yeah, and i mean, you hear terms like contagious to describe something like this. but when you think of the panic that is there for the people, they put their money in the bank thinking that it's going to be their trusting that it's going to be there. and when it comes to all of those start ups, i mean, so many people have put their time and effort and money into those. and exactly, you're trusting that, that institution is going to do what at least says that it's going to do. now. it has gotten to the point that we've heard from president biden. he came out and so, but at the same time didn't answer questions from journalists. so was he able to calm the waters at all? and of course, how did the market react? yeah, so i, i think that was sort of tried to be rescued by, by,

by yell and so did over the weekend when she came out and she was trying to sort of say, look, all bob and we need to fix this. but then of course our, our favorite president, trump went for, went for the cue to grow. i think we've actually got a clip that we can say show people at home as to what was actually said. but really, i mean, you can see it was a perfect political opportunity for him to really stick the knife in with what is happening to our economy and with the proposals being made on the largest and dumbest tax increase in the history of the usa times 5 joe biden will go down. as to herbert hoover of the modern age, we will have a great depression far bigger and more powerful than that of 1929. as proof, the banks are already starting to collapse so we heard from president trump there, and now i believe we also heard from janet yellen. yeah,

i think we should look at yet ins clear because i think this was just the firepower that he needed to load is gone and then biting just gave him the ability to pull the trigger. so maybe we'll take that one out. see, america's economy relies on a safe and sound banking system that can provide for the credit needs of our households and businesses. so when, if her a bank, especially one like silicon valley bank with billions of dollars or in deposits fails. it's clearly a concern. yes, i think right, we can see from that that trying to calm the markets over the weekend. but really i think the damage was already done and just putting bite and up the web to me. i mean we, we watched earlier, it looks like the economy been open the door on the way out of the room that alone we'd be or think she will give it is crazy. yeah. and it is interesting to see that response from, you know, the sitting president and then of course,

trump and jump in there. now speaking of the damage that is done, of course this starts out, i think in california. but are there concerns if this is going to have global ramifications for weeks if not months to come at this point? yeah, i think you know, that the, the other thing you know, to look at the u. s. has its tentacles everywhere. right? so, so, you know, the really unfair thing about this, right, is that the tao, the nasdaq, they will open quite late in the day compared to most of america's allies, right? the foot, the open 99 o'clock u k. time this morning. so they've already been suffering this kind of repercussion where the market going to go. they're going to almost be closing by the time the u . s. markets have now wife. and so there's that damage i think, was already taken. it's toll today on, on, you know, the frankfurt stock exchange on the foot. see on pretty much any other western lead market. so yeah, i think, i think that, but that's take another look at other markets. look at china, let's even look at the moscow stock exchange. yeah, that was a slight little bit there, but it wasn't anywhere near as big as it's been in the past. which really i think

shows that we are moving towards this multi polar walls. not just in terms of geopolitically in terms of how governments react to each other, but in terms of how markets and analyst the markets response, which is really, really interesting. there certainly is a lot of daycare, but we appreciate you joining us to break it all down our tea contributor, chris, and thanks so much for your time. and our team spoke to south africa based executive director of 1st source money and india based managing director at mercy advisors, who also say that the s b b collapse will have an effect on global markets. african banks, especially in africa, highly exposed, highly connected to the global market, to the extent that i saw connected the collapse of b. b is likely to affect african bank in quite a large way and south africa in particular. so we cannot ignore that collapse that collapses, not just going to affect the american small banks,

we're going to run more likely for monday, going on, going to affect you can bend some asian banks and things of africa. and indeed, some of the african countries are connected to europe, asia, and indeed the us itself. so africa said in the be effective. so, you know, especially if companies are looking to bring in better customer service and better innovation to their customers. so which the larger traditional bank may not be offering 30, but now people may say that look at the security of we're the better customer service and customer service and better technology company, a thicker maybe a flight of a from them and the innovation that different companies bring this new bank bring. we'll get to just to take them out of that when the

bell russian president, alexander lucas shank, isn't a ron holding talks with his iranian counterpart and a visit aimed at strengthening economic ties. the russian leader says that iran is the cradle of civilization with a great history who has been strangled by us sanctions for decades. i am pleased to visit to run the capital of present day or on which has become the cradle for one of the most culturally advanced civilizations. through the territory of which trade routes passed long before america was discovered. your ancestors knew about logistics, exports in transit, much more than those who have been strangling your country with sanctions for more than 40 years, trying to instill their so called democratic values. they forgot that every nation has its own values, which stems from its culture and way of life. well, of course, alexander lucas shank over the battle. russian president arrived in iran on sunday . and today he was warmly welcomed by the he's wanting counterpart to brian bracey

. well, the 2 sides, talking to ron extensively in wide range of m like field industries including mining energy trust or agriculture i team. both sides are turning to each other in defiance of their western sanctions. as mr. like a sh ankle set to day in his meeting with brian bracey that he said that the sanctions are not threats or the sanctions or opportunities for both sides. so he advised both sides. iran and a better rose to stick to those opportunities and should not suggest these opportunities as these. of course, the sanctions are pressures on the outside, but they are a blessing in disguise. for both countries as those sanctions, the pressures by the west are bringing and are forming a unified front on the east term to lock de la cruz and other countries are also

jumping on the wagon trying to come together and turn to each other in defiance of the western sanctions brian bracey also said today that adela roach's a strong country and iran eyes more cooperation with bella roost course. today the 2 side decided and find of course, a roadmap, cooperation roadmap would be to the 2 sides co operate, a different fields. and today they signed those 5 agreements and use to just get closer and boost their bilateral ties. well, iran exceeded to, of course, made an exception to the shanghai cooperation organization last year. and bella, luce is also willing to join and become a member full member of the ceo. and if the 2 sides joined this important organization, they can easily can facilitate cooperation economic cooperation between different

starts. so it's a 2 day visit by mister the cushion cope. and he will stay perhaps until tomorrow, or perhaps he will return to his country today. but the outcome and the consequences of his visit are significant. ah, the full restoration of time between iran and saudi arabia will help bring a political settlement to the devastating war in yemen. that's according to a wrong mission to the un. it seems that the resumption of political relations between iran and saudi arabia will speed up the achievement of a c, r in yemen. the beginning of the year, many people's dialogue and the formation of an inclusive national government in this country. soon after war, erupt it back in 2014. the conflict in yemen became a do factor proxy. war between a saudi led military coalition, which supported yelman's recognized government and

a wrong which back to the rebel who had captured much of the country. a truce between the warring parties was reached in april of last year, extended twice, but then expired and october. however, both sides continued to adhere to its rules, both the government and who the rebels have. welcome to the agreement between iran and saudi arabia. the deal was largely sponsored by china, which for the 1st time in years, had used its diplomatic rather than economic power in the region. its influence among other factors, has been boosted by increasing tensions between the us and its key middle east allies. saudi arabia. the deal comes amid a drastic humanitarian situation in war torn yemen, where more than 20000000 people are estimated by the red crescent to be in dire need of help. a large part of the local population has been deprived of access to education, display from their homes,

and have also had to contend with the drought and other consequences of the climate change. to go further in depth on this. let's cross live now to you have any journalist hussein, although k b, thanks so much for taking the time to join us on the program today. now, with the improvement of relations between iran and saudi arabia, how do you assess the chances for the warring parties inside yemen to come to some sort of a resolution? is there hope for another? see fire here? to be honest with you, i don't think that this agreement between the around the so the idea will bring any be said to you because what's happening in yemen is award lamps to base o d. i a but i don't, i did the out of it and there was only stop and only if so the will lift its bouquet to and yemen withdrawal. it's true. would they knighted data be merit and

will stop support in separate if either in the south, the amount or any of the area. i think that many people think that the iran is actually involved in this war. iran with this are you located is not involved in this war on the demand of and i hear it's clear lifted up located at the airport at the bay, the salaries of foot. busy many public sector, i think this ody will do so then the war will and then it will just to remind you that the war started at the beginning of 2015. and so the cut, it ties with iran in the beginning of 2016 and so, so the, when it begun the war against the eminent has paid with it. and that's why, at this late this agreement and the opening of the both embassies between iran and so we are actually going to not change anything in human yet. and we know that when it comes to those tensions, they have had devastating consequences for again. and so do you think that there is

any hope in getting a saudi arabia to consider those consequences to lift that blockade as you noted. and is that something that you could see or wrong, at least attempting to do in the future, given the new ties between iran and saudi arabia? i think the only thing that will bring get a saudi arabia to stop this war is by force was taken by force. it will only return by force will remember. so the only agreed to truce after i made the attack on the oil industry in another area. and that's why i think that the, in the 26 of march this month, we're going to enter the 9 here of this, the war against yemen and hidden. and they have sent clear message to. so the idea that this year going to be a new stage of

a war against saudi arabia and the believe that this is the only way actually with the just imagine 9 year of located at 1000000 the p. m. and he's out of, out of been to death, tens of thousands of here many mainly till they had been killed by diet. by so got a be, i mean, this war actually is a war crime. so what it is to the actually will only but only of the power. yeah, there certainly is a lot at stake here and unfortunately we're going to have to leave it right there. but we really appreciate your time and insight on this one. yeah, many journalist hussein although katie, thank you so much to the front lines of the donna's group public. now we're russia's wagner group is leading an assault against the ukranian stronghold in the city of r to mosque also known as back move. its leader says that as fighting has become more intense, he is sending more forces into the battle. the bottom,

a bell could you just situation is difficult to be very difficult. the enemy is cut throats been fighting for every meter. and the closer we are to the city center, the harder the battles out of the ukraine thrown and us reserve sam go. we're moving forward and we'll continue to move forward. you don't fear it. we will not dishonor the glory of our russian weaponry. people could, i mean, he added their russian forces are now currently just a kilometer from the center of the city. the area has been a focus of intense fighting for months with ukrainian troops now flanked on both sides. this got xyz ukrainian commander has admitted it's military supply. routes are being cut off by the advancing russian forces. where does a me, a more sure motor booter, it's hard to hold every building. there is a particular danger that the neck of the cauldron is no more than 4 kilometers. without logistics. there is neither a rotation nor

a supply of thumb nation. we understand or maybe repeat over to bells of colds. the situation where the roach are cut off and an intentional withdrawal of troops can endanger during tar. colin. so risk increases president zalinski claims that he is called our troops from this opera. she region to reinforce our to mos, that's as key yet has demanded more weapons from its western partners for the conflict r t. z gorge. it are not tells us how russian arms are giving its troops. the edge against the ukrainian military western countries have approved trans of to tranche of their weapons and equipment to ukraine, which are so russia has had to raise stakes to some of russia's newest combat vehicle modifications are already here in the dumbass and they have already been tested and their work has been proven on the battlefield quite a few times. ah, the vehicles tracks spew dirt on us as it storms past towards the front line to

cover infantry salt teams. it's how doesn't offer much protection, but what it lacks in armor. it makes up for in speed and fire power. ah ah booth. it's designed to blitz the enemy released the smoke bombs and disappear. the crew tells me this amphibious infantry fighting vehicle has already met its match in the don bass. the proudly american bradley's from the most recent shipment are

already here. when did still show additional brought our new airborne combat vehicle the b m. before is an excellent machine works like a dream. of course the caliber pleases me. it is good against large clusters of opponents. and strongholds against light vehicles, and it's also good against bradley's. it has excellent speed and low fuel consumption. the machine has proven itself, especially on the front lines. it has a high rate of fire, the ability to shoot from close positions. we use the b, m, d every day, send greetings to our opponents and do not let them relax. moscow has been repeatedly calling on the west to stop military shipments. stop the escalation. all russia will have to match it up closer. the west is called to inflict to military defeats on russia. they need to pump weapons into you crate, including those that can hit russian territories. president zalinski has publicly requested such weapons. we have strongly warned the west against providing them. it

is effectively waging a proxy war against russia using hands bodies and minds of ukrainian neo nazis. but long range weapons would drastically escalate the conflict. and i sincerely hope that the fi reasonable people in the west understand as of this i, if the is only one example of russia's new weapons deployed to the, with the, at a brand new t, 90 tanks lurk in the woodlands. drones is sure in the skies, faster and more powerful missiles hit ukraine's infrastructure. d behind the lines . but the power of rushes biggest and most lethal weapon so far has only been unleashed a drill site. i'm a gosh, darn of reporting from the dumbass r t. i dangerous tendency, that's how the secretary of ukraine security and defense council has described the growing calls among ukrainians for peace talks. with russia know you listen to

on activists from the wolf reach and who's had that he go. she ations are needed, that you need to sit down and conciliate. keep in mind that there are more and more rest of the all in favor of peace talks with russia. and this is a very dangerous trend when even people from western ukraine begin to talk about such things. to discuss this further or less cross live now to independent journalists, mike jones, who joined us from here in moscow. mike, it's great to have you on the program today. now, what do you make of the language we just heard from this official describing calls for peace talks as a dangerous tendency. i find it very consistent with what we've previously from representatives or so called representatives of the cranium. people and government is also very consistent with the so called representatives of western countries. and i'm referring mainly to the united states and united kingdom . there's a lot of concern, it appears from these leaders that,

that people are starting to turn in their opinion. and that's certainly the case as resetting the western countries. but when they're seeing it, it appears in places like the bill and the western parts, which were traditionally held in ukraine as the most loyalist sectors and regions of the country to these lensky regime. yeah, and we know that certainly when it comes to those western backers, they typically make statements saying that while they're not pushing ukraine in the peace talks, but just the idea that the average person on the street would suggest piece talks and not be called dangerous is certainly sending a message. now president bill is getting ukraine himself has said that he wants peace talks in ukraine, but on his terms now has something changed there. and do you have any hopes for talks to happen in the future? i am not really sure what's changed in ukraine because the last i heard from

zelinsky he had in fact, i would to lord any possibility of peace talks. wives. president putin was in power . so i'm not sure really what the landscape referring to and half the time, i'm not sure of landscape himself, is entirely certain what he's talking about when it comes to the west. and so sentiment with peace talks. i'd just like to highlight an article from pizza hitchens in the daily mail in the united kingdom. he wrote a line in that very interesting article way said i cannot think of a war in modern times in which so little effort has been made to bring about peace while our counterfeit mistaking that and say i cannot think of a war in modern times where so much effort has been made to prevent he's yeah, that's an excellent point. and we've seen that happen again again in the last year . now we frequently hear calls within ukraine to quote unquote fight and toby. and

so what do you make of those who are calling for peace talks? is it only an isolated minority or do you think there are more people there who want peace but don't feel comfortable speaking up and calling for those talks? i would believe certainly in the, in the western parts of the crime, there would be people who are very uncomfortable with speaking up, given what we've heard. and what we know from people that have talked of the oppression that they are suffering at the hands of his lensky regime. it has to be said that also peace or the desire for peace is on both sides of this conflict. here we have the people i've just come from don bus. we've just mentioned like say daniels who himself was the mayor of la guns where i've, i've been myself people there. one piece to now it's far better in many people's opinions and i'm sure ukrainians both sides would agree to that this be achieved.

ended up in nightclubs and people sent to places like archie and most to meet the horrible. and now when it comes to really the message that is being sent in the long term impact here, how would you summarize that when it comes to the fact that over the last year we have seen so many calls for war for continued war. and of course, when that comes from the west, when it comes from a number of people in ukraine, it comes from people who aren't actually ever fighting a day in the war. what does a long term impact is that look like here? i find it very difficult to, to long i've been wrong before the people that we have. ready calling for was people such as lindsey graham, among many others, are as johnson being another, usually those who stands to profit, the people that stands to lose and pay with blood are very sadly and tragically, the cranium people. yeah, there certainly is a lot of state care,

but we appreciate you taking the time to join us to break it all down. independent journalists, mike jones, thank you so much for your insight. thank you. and he's back bbc for the $180.00 and reinstated it's top. sports presenter gary, linux caving to an outcry of public support to host with sideline for comparing the nation's migrant policy to that of germany in the 1930 it is decided that gary linux will step back from presents and match of the day until they've got an agreed, unclear position on his use of.