Global Financial Crisis, The Swiss bank UBS has agreed to acquire Credit Suisse.

Monday, March 20, 2023. Swiss bank UBS agreed to buy Credit Suisse after raising its bid to more than $2 billion, and the Swiss National Bank decided to

 Provide 100 billion Swiss francs of Swiss taxpayers' money to provide much-needed liquidity to both banks!

In essence, UBS is the "vehicle" that the Swiss government is using to bail out Credit Suisse.

The acquisition was officially announced at a press conference by the Swiss government on Sunday evening, with the participation of the heads of the two banks.

In essence, UBS is the "vehicle" that the Swiss government is using to bail out Credit Suisse.

The acquisition was officially announced at a press conference by the Swiss government on Sunday evening, with the participation of the heads of the two banks.

The central bank said that Switzerland's central bank is extending a credit line of up to 100 billion Swiss francs (more than $100 billion) to UBS and Credit Suisse.

"In this situation of extreme uncertainty, the acquisition of Credit Suisse by UBS made it possible to find a solution to guarantee financial stability and to protect the Swiss economy," the Swiss central bank said in a statement.

As the president of the Swiss Central Bank stated, a failure would have severe consequences for Switzerland's international reputation.

The government "regrets" that Credit Suisse could not solve the problems independently, Switzerland's finance minister said.

As the Minister of Finance emphasized, the bankruptcy of a globally significant bank would create irreparable consequences for the global financial markets.

In addition, the Swiss government will provide UBS with 9 billion francs for potential credit losses from the Credit Suisse acquisition.

Switzerland's biggest banking group, UBS, is buying rival Credit Suisse, Swiss Confederation president Alain Berchet said, saying it was the best way to restore confidence.

This solution "is not only decisive for Switzerland (…) but for the stability of the entire global financial system", said the president of the Swiss Confederation.

The Swiss government had no other choice.

Credit Suisse would destroy Switzerland's most valuable asset, its banking system, if not bailed out.

Of course, the disaster would not be limited to the country of the Endelweiss but would spread throughout Europe and then to the rest of the planet.

It is so far unknown the number of deposits of the Russian Oligarchs in the bank and the rest of the Swiss banks, which after the association of Switzerland with the West, saw the withdrawal of deposits of wealthy Eastern citizens.

At the same time, there is a cooperation agreement between 

Russia - China, and Saudi Arabia.

Cosmogenic Geopolitical Change: 

Saudi Arabia and Iran Gain Relations, Friendship, US Shock at China's Great Diplomatic Success

Both countries to join BRICS - US worries about oil and dollar.

China seems to have managed the unthinkable to eliminate the hostility between Saudi Arabia and Iran, which has historically served the United States in the Middle East primarily, and to restore friendly relations between the two countries as King Salman bin Abdulaziz Al Saud of Saudi Arabia has invited Iranian President Ebrahim Raisi to visit Riyadh.

What does this mean in practice? 

The West will soon face serious problems with oil, while the union of the two old enemies is not just by chance, as both will participate in the BRICS alliance.

An Eastern "bloc" is now clearly being created, which will be the rival awe of the West, but with one essential difference: Raw materials and energy (as well as young populations) will be on the side of the Eastern "bloc."

Here we should also note the magnificent reception that the United Arab Emirates gave to the president of Syria, Bashar al-Assad.

This new alliance means that the Gulf countries now recognize President Assad.

The consequences will be very significant as the final goal of these countries will be the de-dollarization of the planet.

Saudi Arabia, the main backer of the US dollar, recently warned the US that it would not sell oil to any country that tries to impose a price ceiling.

Our world is changing very quickly and violently.

@world.war.3.2023