a couple people with a lens biggest banks, u. b. s, and credits weights are reportedly considering a merger as a bank. he called lapse and the u. s. has impacted global financial market with good events. notable additional relationship with investment success on saudi arabia confirmed it could very quickly start investing in iran following the deal broker by china, between the 2 former bridal 80, to restore their diplomatic relations with chinese president dean. paying is that for his 1st warrant visit following his re election with moscow as the destination,

it signifies a new era of strength in relation between china and neighboring russia. ah, good morning for martine are national studios in moscow, and welcome to the weekly with the hour and weeks tops, stories around the world. i'm paralyzed. russian president vladimir putin has made a surprise visit tomorrow. you pull in the don yet, for republic. the russian president drove around the port city on the as of the to look at the major reconstruction projects during his 1st visit since it was liberated from cabs forces last spring. russia considers are done yet for public as its territory, following a referendum in the region. president putin was accompanied by russia's deputy prime minister in charge of regional development as even the several parts of the

to inspect the progress of respiration. that includes the construction of u residential district with housing and utility infrastructure. previously, president putin also held the meeting at a command post for the special military operation in the nearby russian city of rough of on the kremlin. that the russian leader heard reports from the chief of the general's rapidly armed forces, as well as the number of other members of the military style brought the global financial system is shaken by the fall out from silicon valley bank. now 2 of sir linds largest banks, credit suisse and u. b. s. are reportedly considering a merger that could be a catalyst for an overhaul of the global financial system. a sharp drop in credits versus shares this week raised further concerns across european financial markets with a slump in major indexes. the banking sector was down by 13 percent this week. i

spiraling fears dragged down the biggest banks across the board. strategist at goldman sachs, predicted the sector would remain under pressure on less say more forceful policy response is administered. us markets are also powering through the crisis with banks being propped up with a $100000000000.00 bailouts by the federal reserve, the treasury and other financial institutions. a recent study said that more than $180.00 us banks are in danger of collapse due to uninsured deposits, while the government's cash has helped prevent a complete meltdown. the fence failure to disclose all the banks receiving the aid has caused rumors to sorrel. many market watchers have express fears of a possible re emergence of the 2008 financial crisis. amid the concerns about another potential financial crisis r t corresponding kayla mop and examines the current upheaval of the u. s. banking

industry. b u. s. financial system has been shaken up pretty badly with news of bank failures splashing across the headlines this week. this is the biggest failure since 2008. actually the 2nd biggest failure ever since washington mutual in september of 2008. meanwhile, signature bank march, the 3rd largest bank failure in u. s. history capital corporate is now announcing their intent to a wind down their operations and voluntarily liquidate silver gate bank. this was a week of bank runs starting out with the collapse of silver gate bank followed by s v p, and signature banks caving yet. this caused loss of market turmoil. 3 banks went down one right after another and this caused panic among investors and depositors. the u. s. financial institutions saw their stocks plummeting. u. s. officials are

trying to reassure the public that their deposits are saved. extra liquidity is being provided to banks in order to keep them afloat. joe biden woke up early monday morning to make a speech and give everyone a lesson on the laws of capitalism. depositors will have access to all of them on is starting monday. march 13, no losses associated with the resolution of silicon valley bank will be borne by the taxpayer. finally, the federal reserve board on sunday announced it will make available additional funding to legible deposit or institutions to help a show banks have the ability to meet the needs are full, the depositors investors in the banks will not be protected knowingly took a risk. and when the risk didn't pay off, investors lose their money. that's how capitalism works. i repeat that no losses will be borne by tax payers. instead, the money will come from the fees, a banks pay end of the deposit insurance funds. so how is all of this going to play

out? here's what we've seen so far. the banks that were left cash strapped have now borrowed $300000000000.00 from the bad. almost half of that money went to holding companies for silicon valley bank and signature to the bank that just collapsed and caused panic on the market. an additional $153000000000.00 was borrowed from the federal reserve last week. this comes through a program called the discount window. this allows the banks to borrow for up to 90 days. now typically the program only provides $4.00 to $5000000000.00. but last week, broke records. more money has been given out than ever in the history of the program . the numbers have already surpassed the 2008 crash. so now the fed is back to printing money, providing banks with additional liquidity. but the federal reserve is also continuing its fight against inflation. and this is going to make that much more

complicated. it's a fragile balance between curbing the problem of inflation and propping up the financials. now the problem with this bank is they had over $250000000000.00 on their balance sheet. they actually lend out $249000000000.00. so that doesn't really leave that much of a cushion, right? let's say if something happens. so what happens the us hike the interest rates as we've covered a lot on the program. and that obviously makes the debt that they're holding on their balance sheet, which was a lot of it within us government bonds was less. so this is really key point to talk about the interest rates right over the key and critical point. yeah. yeah. so as those interest rates rocketed the, the debt that they have, they have led to the u. s. government becomes less. right? so that left this bank with a deficit on their balance sheet of about a $1000000000.00. now once that happened, the bank bid exactly what the guidelines say. i would say the c o x the same. he said, well, i need to go and raise that $1000000000.00 now to make sure that my bank is in the

block now will happen when he did that, that spoofs a huge amount of people, a lot of money in the bank companies, mainly who then there was a what we'd call to run on the bank. so about $13000000000.00 which was withdrawn from the bank really. and at that point the bank was totally broke, right? so then the regulates and the government have to step in and take over. europe is now feeling the aftershocks credit suisse took a tumble and these with central bank stepped in to give them a lifeline. financial world is now holding its breath, waiting to see who is next. caleb martin r t. new york banking and finance. professor richard werner says that's simply throwing money at the problem will not salvage economy. this higher rates will give us the price stability. and by continuing to expand quantitative lee and in j more money, the supporting the financial system will really it's the other way around. i mean,

they should, they should not raise interest rates, but time, then you don't have inflation. gomez will always say everything is fine. this is going from grades to even greater. so we have to be very skeptical of that, particularly when governments impose policies on the economies that can only cripple the economy. and also europe imposing sanctions on russia, stopping the importation of necessary energy, cost effective energy from russia and russia as always, to limit. and so if you're in to live it reliably 0, just suddenly stopping that, what you're going to get going to get weak economic performance recession supply side problems. that's what we're seeing worldwide. and certainly been taking europe and also to the so he said in north america,

riyadh says it's ready to invest in the iranian economy, falling the chinese broken agreement to restore diplomatic relations between saudi arabia and her on how quickly in your mind, do you think we're going to see sadie ravia making significant investments and vice versa. i would say very quickly here on a, so i've never and have been and would continue to be for hundreds of years. so i don't see any sch oh, that's what prevents normalization of the relationship across investments. successful. the turning point in the region state of affairs was followed by a saudi statement on the oil market saying the country won't trade with those who impose any sort of price cap or other restrictions on commodities. if a price care were to be imposed and saudi oil experts will not sell oil to any country that impose a surprise capron,

our supply will reduce oil production and i would not be surprised if others do the same. the statement came as u. s. law makers introduced a bill that would allow lawsuit against oil companies in opec plus countries. according to the saudi energy minister, the practice would damage no market creating and tolerable consequences with opec plus, looking to counter the legislation. earlier my colleague nikki aaron discussed the perspective for further cooperation between a ron and saudi arabia. with a panel of guess the world is changing very fast. and the united states and the europeans do not have the cloud that they have before. and they've also shown that they're not reliable allies are reliable partners. they've shown that enough on new administration in iran, it's policy is to strengthen ties with neighbors and also

pursue asian and your asian integration. those who do not want this to happen in the coming days and weeks will constantly try to use the western media to create tensions. funny to create division. definitely time has changed for iran, it's a different iraq today, maybe and target are more willing to understand the dynamics feel free on what's happening in the past decades of negotiation. remember, there is one of the agreement that we're going to have 2 months period or basically seeing how she says iran coming to the deal. so it's going to, it's going to have too much of observation of what that right. it's going to come and what they are going to do. so definitely get around to the neva. it's an untapped market. we expect they have 2 trillion dollars worth of goods and investment and infrastructure. and definitely it's going to have a stick and,

and iran need some of the neighboring countries contribute to contribute them back . and this is definitely aligned with vision 2030, a lot of ground manufacture capabilities. they are very advanced and definitely they can contribute to the iran in rebuilding. let's put it this way. and by looking iran, we are looking a lot of the neighboring countries and that's iraq, syria, lebanon, and yemen. and this is going to play a very big economic value within the region. there's a couple of months ahead of us where we will watch was where kathy they have had in historically these, these, these, these periods of cooling off and then things worse and again, but i think now the signal that the, the signal is there, the both sides really want to work for peace because peace actually pays awful lot more than war. i mean the was the saudi got involved in which i've been stoved by the americans. we must say, of cost them absolute fortune a certain point. the war was costing a $1000000000.00 a week. the diplomatic fail,

as we know, was mediated by a jane completely bypassing the us, which is always like to see them at least as its own kind of spirit when it comes fear when it comes to influencing. that's if they can listen to what the chinese foreign minister ministry had to say about this. some in the u. s. style their country as the beacon of democracy. but how surely democratic is the u. s. it is redoubled its efforts to tout its democracy and interfered in other countries as internal affairs and even instigated wars in the name of promoting democracy. facts have repeatedly proven that the drama for democracy orchestrated by the u. s. is never a boon, but a bane for the world. so my question to you is just how worried do you think washington should be about such developments and rhetoric worried now really is the role that america plays a completely agree with professor moroni. when he said the world has changed, he's too polite to spell it out in, in crude terms, but basically, america's normal calling. the shots we commentators, such as myself,

are wondering how much longer we use the term usaa gemini, when we, when we come on talk, shows like, like yours. i'm, you know, really, this is the last nail in the coffin now, of us leadership around the world. the fact that the chinese stepped up to the mark and broke this deal was pretty amazing. so i think lots of playful, very exciting and completely unprecedented. i didn't ever think i'd be on a talk show, talking about g iranian peace. a landmark failed to restore diplomatic relations between former iran and saudi arabia could to rail is really strategies in the middle east. the agreement broker by china is seen as a counterbalance to us and is really attempts to dominate the region for details on this story and more visit our website at r t dot com. in south america, ecuadorian authorities say a 6.8 magnitude. earthquake has struck the country. tremors were felt in the nation

south and also across the border in northern peru, according to government officials, at least 16 people have been killed in ecuador, but the number of talk to you now below start to rise. as several buildings have collapsed and rescuers are now sifting through the rubble. oh, and now in france, were there have been persistent protests against the government efforts to raise the national punch in the demonstration to erupt it after frank president, emanuel mac, ron pushed through the pension reform without approval from parliament. with the footage show several people detain, amid violet clashes with police in france, 3rd largest city, leon. police use tear gas to disperse writers who burned barricades and through

objects that officers russia. foreign ministry has accused denmark of being a stooge of the us, as copenhagen has refused to allow russian authorities to participate in the investigation into the north stream pipeline, sabotaged copenhagen, which says zealous, seen defence, u. s. interests in europe was not initially interested in investigation that could have shed light on the true perpetrators and organizers of the attacks despite denmark's refusal to cooperate with the investigation into the sabotage, the russian foreign ministry will continue to press copenhagen for answers to the questions post earlier, it will not be possible to sweep this under the carpet. denmark, sweden and germany will have room of law and one can have confidence in our investigations. we have told the russians that we will investigate this thoroughly . and when we have done that,

we will announce the results of that investigation. american investigative journalist seymour hersh earlier published a report, alleging that specially trained american navy divers planted explosives on the north string pipeline system. allegedly, nato drills in the black sea were used as cover for planting that material in a suppose it agreement with a norwegian government. the report that that u. s. president joe biden decided to blow up the pipelines after months of secret discussions about how to conduct the mission. u. s. and european officials have adamantly dismissed those findings as complete fabrication numbers to susan. the fact that this is a terrorist attack is no longer a secretary. moreover, it was a terrorist act committed at a state level because no amateurs could commit an attack like this. if you could shoot as mrs. about month ago, up to the hersch investigation, that was a media campaign with oh, to go to put you in several newspapers, allegedly states and some ukranian activists had organized an attack. and it was

especially emphasized that these activists had no nothing to do with the cranium. governmental, how do you feel about these versions? some of them student reviewed institute, i'm sure that this is complete nonsense. an explosion of this kind at such a depth which could only be carried out by a specialist supported by all the power of the state. it has the required technology, but you're so right now rush, i was trying to get the united nations to launch an independent inquiry into the north stream, sabotaged or as russian president vladimir putin says, terrorist attack, the only enquiries they're happening right now are the equivalent of suspects to a crime, having their friends say that they'll look into it and then let everyone else know what happened and the west just seems to think that that's fine and that they can investigate themselves. and in the meantime, float this narrative all across the mainstream lester media, citing unnamed intelligence officials in each country like the u. s. in germany, for example, who are all conveniently blaming the whole thing on some co pro ukrainian group

with no identity beyond that, but which magically absolves absolutely all actual countries and states from any and all responsibility were supposed to believe that some random dude came up with a bright idea to get together 5 other random dudes to load massive amounts of explosives onto a boat at a port in germany. sale out into nato waters and blow the steel pipes and their concrete encasement. 20 days after their excursion, remotely investigative journalist seymour hersh, who attributed the attack to a u. s. leg special operation in conjunction with norway, isn't buying it. you're trying to divert attention from story that i wrote, which included enormous specifics. i was describing a process that began before christmas of 2021 involve the, the national security advisor, jim sullivan, of the white house of the, for the president. they had a series of meetings at a secret room in the white house. meanwhile, there's a total lack of outrage here in europe from the establishment. their silence is

deafening. considering that the north stream network is a joint project with major european energy companies and russia's gas problem to secure europe's energy needs. now, according to what's been seen recently in the russian media, sweden, denmark and germany, 3 countries near the attack. and that should have had some information about it or not engaging with russian authorities trying to figure out what happened to me. it was very difficult for us to conduct our own investigation if we're not even allowed to access the side of this terrorist attack. only gas from receive permission from danish authorities to investigate the side of the explosion. the gas problem did not limit itself to the study of the very place of explosion along the gas pipeline itself. the ship rented by gas pro moved on, and at a distance of about 30 kilometers from an explosion site. a column was found which stood at a similar spot to where the explosions occurred. these are the most vulnerable places in the gas pipeline. the junction of pipes,

experts believe that this may be an antenna for receiving a signal to activate an explosive device that can be placed beneath the pipeline. and now of course, we would like to get permission from danish authority to independently we together with them or even better by forming an international group of explosive experts to carry out the necessary research. apparently, several explosive devices were planted, some exploded in some didn't. the reasons are unclear. so obviously some neutral authority really does need to intervene here like the un and a letter has been sent from the russian ambassador to the united nations, to the security council to that effect. but the west certainly seem interested in demanding its own answers. we heard from the foreign policy spokesperson for the alternative for germany party. he says german chancellor, olive salt most probably most likely had prior knowledge of what the u. s. was up to ne i lou, i don't mind. you don't. that should look well. what should the germans report

about when they themselves are not informed and therefore you are unable to forward anything to moscow? germany was excluded for a long time. information was sparse if it was available at all. the german public has heard almost nothing for months. it emerged from the story of, for you as a journalist. he seems to have been the one who's part of the debate again in germany, one tries to keep the discussion about it as quiet as possible. this already proves the current state of the german going to start today. this is the most important question for germany. during the last visit of the german chancellor olive shoulds to washington, when biden was asked how he wanted to stop nordstrom too. and he said, we can stop at once suspected that all of shells perhaps already knew that americans were up to you had the findings of the u. s. services as well as the german intelligence, the german attorney general has confirmed that the german authorities said there was possible involvement of ukrainian group. this is considered impossible among experts in germany, it is completely impossible for a small group of 6 to 7 people,

even with 2 divers to dive into the baltic sea at 70 to 80 meters depth and low of a concrete and gazed pipe. it is simply impossible, thus it is a distraction from the actual fact that it's official. she jane being is said to visit moscow to meet with vladimir put next week. and there will be plenty to discuss from the russian chinese strategic partnership to pressing global issues . the signing of bilateral agreements has also been announced with more details to follow. the chinese leaders approach to a supposedly isolated russia has sparked outrage in western media, the straightening relationship calls into question us support for regional rivals. as china appears, unafraid to oppose the west. beijing says the partnership is mutually beneficial and not aimed at any 3rd party. said you, me to wish you follow johnson you,

president, seizing pink state visit to russia will be a journey of peace, sick practice. true multilateralism. based on the principles of non aligned non confrontation, which is like a non targeting of 3rd party. so it promote that democratization of international relations. should you build a multi polar world pattern, improved global governance, and contribute to world development. china will uphold an object of an impartial position of ukraine crisis and play a constructive role in persuading huddle and promoting piece talks. the development of strategic cooperative partnerships between china and russia, benefits both the people of the 2 countries on the world. this differs from the practice of some countries holding the cold war mindset, forming cliques everywhere, engaging in confrontation, building small circles and camps, and had gemini and bullying everywhere without wooded. china's foreign ministry also said that this is going to be a meeting of peace. that's because beijing is ready to play a constructive role in regulating the ukraine conflict. and we also heard from that

foreign ministry of china that there, that beijing is also looking to basically ground these talks and the principles of non confrontation with 3rd party. so that's all among other topics on the agenda, including a questions of international and regional importance as well as strengthening the strategic or cooperative partnership between these 2 countries. now it's also important to understand that these hawks are, i have just been announced on the backdrop of the marine security belt joint naval exercises which are between china, russia and iran. and these have been taking place in the gulf of all man since march 15th. so it represents another frontier of developing cooperation between these 2 countries. in this situation, specifically naval and military cooperation, nelson wong, vice chairman of the shanghai center for ramp ram pack and international studies says ukraine is likely to be at the top of the agenda of older the

topics that to the 2 country leaders between the she and her president poking her, i think the topic of the ongoing conflict in ukraine is certainly going to be on top of the agenda and that's going to be discussed for jewel. but barry mind that china has recently published it's position ah all supporting piece and ceasefire. ah, all the conflict. so i believe this is certainly going to be discussed. i think this is also a clear message that has been sent out with regard to the, the upcoming visitor president t to moscow. now, china's independence in its foreign policy and its handling of international relations is not going to be to with her influence or even manipulated, or you've been deterred by any 3rd party. from monday to wednesday. next week we

will be bringing you special coverage of chinese leader. she didn't think it to moscow. join us for that both on air and online. ah ah ah

ah ah, need to come to the russian state will never be tied as i'm turning the no santini div asking him the knocking. meek within 50 battle keys on my knees, gustavo speaking with lil

van in the european union. the kremlin. ca yep. machine, the state on russia for date and split our t spoke neck, even our video agency, roughly all band on youtube with who i.