Deripaska: West will have to “bow to the Chinese” because of the crisis in the United States

Western countries will have to “bow to the Chinese” against the backdrop of the banking crisis in the United States. About it declared Russian businessman Oleg Deripaska in his Telegram channel, calling the economic policy of Western states unreasonable and drawing attention to excessively high rates in the US and other countries.

“As they say, it’s too late to rush about, only this crisis cannot be flooded with money. I’ll have to take off my pants and go bow to the Chinese. No matter how much you want to, you will have to start a new page, as they say, already in the bipolar world,” he wrote.

According to Deripaska, the US has never come so close to bankruptcy of its public finances. “Many heads will fly in Washington this spring (and among them will be the head of this terrorist toad – gas pipeline fuses). And the road to peace in the year 25 will be open,” concluded He.

Deripaska also noted that China could “toughly take revenge” on the United States by “twisting the American economy right now and starting to sell Treasury securities of the US Department of the Treasury.”

10th of March happened the collapse of the American bank Silicon Valley Bank, which ranked 16th among the largest US banks and specialized in working with startups. Western publications noted that the collapse of SVB was the second largest bankruptcy in US history after the closure of Washington Mutual in 2008. On March 13, Signature Bank also closed due to “systemic risks.”

After that, the international rating agency Moody’s lowered outlook for the US banking system from stable to negative. They said that they expect the Fed to increase the rate, and admitted that by the end of 2023 the US economy will fall into a recession, which will put even more pressure on the banking sector.