Crisis in 2nd Week of March 2023 around the World! 😱

Crisis faced in the 2nd week of March due to the Collapse of Silicon Valley Bank and World's 7th Largest Signature Bank effects,

• Sum insured is only upto $250,000 (Approximately, ₹2 Crores) by FDIC (Federal Deposit Insurance Corporation) more than this people would lose their money from their Bank Deposits.
• Start-up companies may close due to shortage of funds.
• People may lose jobs especially working in Start-ups.
• Economic Restructuring is required to maintain the crisis.
• Bonds play a pivotal role in the Solvency of the Banks transaction.
• Gold prices would increase.
• Ultimately, Tax rates or liability will increase for all Individuals & Organisation in US, to cater the financial policies and to reduce the burden.

A total of $ 2.4 Trillion Dollars almost 75% of India's Total GDP (Gross Domestic Product) in an year. (Approximately, ₹19,83,90,00,00,00,000) were lost in this week around the world 🌎 and Start-up Companies lost Opportunities and people lost Jobs, increase in Gold Rates, increase in interset rates on Loans and many more are yet to come.

Better keep your money safe!💰