Language:

See all Disinfo Cases - Detail

Disinfo: The US economy is decimated by the pandemic: 34 banks lose 700 billion dollars

Summary

The US banks lost 700 billion dollars due to the COVID-19 pandemic

Disproof

The article carries misinformative title which differs from its content. It suggests that the US banks have already lost 700 billion dollars due to the COVID-19 pandemic. The title is a deliberate misinterpretation of the results from the annual stress test of the Federal Reserve Board. According to the 2020 Annual stress test, in the worst case scenario, the top US banks could lose up to 700 billion dollars. This scenario would occur only if unemployment rates remain high and the economy does not bounce back from the downturn in the first two quarters of the year. Even in such scenario, this will not have the critical repercussions to the banking sector in the US, as the article is suggesting.

The article follows the series of disinformation narratives of the decline of the US as global and economic power.

Go to search

publication/media

News Front - Bulgarian (Archived)
  • Reported in: Issue 205
  • DATE OF PUBLICATION: 26/06/2020
  • Language/target audience: Bulgarian
  • Country: US
  • Keywords: coronavirus

Disclaimer

Cases in the EUvsDisinfo database focus on messages in the international information space that are identified as providing a partial, distorted, or false depiction of reality and spread key pro-Kremlin messages. This does not necessarily imply, however, that a given outlet is linked to the Kremlin or editorially pro-Kremlin, or that it has intentionally sought to disinform. EUvsDisinfo publications do not represent an official EU position, as the information and opinions expressed are based on media reporting and analysis of the East Stratcom Task Force.

see more

The West is trying to review the results of the Nuremberg trials

We see many attempts to present history in a completely different way. For example, Western officials, summing up the results of World War II, only talk about the contribution of the USA and Great Britain, deliberately ignoring the key role of the USSR in the victory over fascism. They try to revise the results of the Nuremberg Tribunal.

July 06, 2020
Disproof

Recurrent pro-Kremlin disinformation on World War II and historical revisionism, accusing the West of rewriting history and trying to deprive Russia of its glorious victory over Nazi Germany. The claim about the attempted revision of the results of the Nuremberg trials, is speculative with no evidence provided. This disinformation narrative baselessly accuses Western countries of rewriting history and labels anyone daring to challenge the Kremlin’s version as “Russophobic”.

Western historians acknowledge the role played by the USSR in defeating Nazism and do not question the Soviet contribution to the victory in WWII and the status of the USSR as a country which had won in WWII.

A historical fact: Crimea is Russian

Crimea has become an integral part of Russia.

The international community will sooner or later be forced to recognise Crimea as part of Russia because it is a historical fact and a reality that must be taken into consideration.

July 06, 2020
Disproof

Recurring pro-Kremlin disinformation narrative on the annexation of Crimea claiming that Crimea has never belonged to Ukraine.

The transfer of Crimea and Sevastopol to Ukraine was first officially agreed on 25 January 1954 at a meeting of the Presidium of the CPSU Central Committee. The members of the Presidium, voting for the transfer of Crimea to Ukraine, took into account objective reasons: “the commonality of the economy, territorial proximity and close economic and cultural ties between the Crimean region and the Ukrainian SSR.”

Ukrainian army targets OSCE equipment

Armed forces of Ukraine are at war against the OSCE. The Ukrainian military in the Donbas began hunting for unmanned aerial vehicles belonging to the international observation mission. The Ukrainian military shelled unmanned aerial vehicles and OSCE surveillance cameras.

July 06, 2020
Disproof

Recurring pro-Kremlin narrative that Ukraine is sabotaging peace in Donbas.

In the June reports of the OSCE monitoring mission in Donbas, there is not a single mention of the Ukrainian military “destroying” any equipment of the OSCE observers.