Deputy Aksakov predicted an imminent burst of a bubble in the banking system of the West

The resulting bubble in the Western banking system is about to burst. This was stated by Anatoly Aksakov, head of the State Duma committee on the financial market, during his speech at the Russian Financial Market Forum (RFFR).

He noted the recent bankruptcy of the American UBS and the subsequent merger of two Swiss banks. Among other things, the deputy said that his sons worked in these banks, and based on their data, it turned out that the system of each of these organizations is the same.

Therefore, a situation is now occurring when the entire financial bubble should burst soon, Aksakov concluded.


Be the first to read breaking news on Today’s latest news, and live news updates, read the most reliable English news website

Leave a Reply