Believe nothing that they are telling you about the bank failures.
China brokers Iran-Saudi deal. Remember the foreign defense minister in China that delegation met with Russia. China extended a peace plan to Ukraine and Russia. Russia said yes and Ukraine said no. Now the concerns happening financially in the US, Ukraine is nervous. Zelensky is going to go with whoever sends the check. If Biden signals that we won’t send the money and China sends the money, Ukraine will go red overnight.
SVB virtual signaling in the green and ESG stuff. So they have to save the “good” people. More than 97% of SVB depositors had more than 250K in their accounts. And Signature had 90% that wasn’t insurance by the FDIC. What good is the sticker?
The whole country is going to go this way with virtue signaling with DEI. Every government agency, and every organization that receives government money has to abide by the DEI ideology to get the money. SVB was checking on all the boxes.
We are 31T in debt. And you know anytime congress passes an appropriations to biden’s desk and he signs it. They have to send a document over to “order” the money. Someone has to buy the debt before the money is printed, treasury bonds. It’s all a ponzi scheme.
Basically the government buys SVB. We bought all their treasury bills that are worth 30B that were worth 90B so we covered the 60B. Taxpayers have covered every deposit in that bank and now the bank is able to borrow against the 30B.
Big Tech wins in the SVB scandal. New CEO says it is business as usual. Biden’s $4T COVID (not real money) stimulus package helped create a tech investment bubble that was punctured by interest rates leaving banks with multibillion dollar shortfalls.
Biden asked Congress and banking regulators to strengthen the rules for banks to make it less likely that this kind of bank failure happens again. How are you going to stop this> stop the spending spree. There isn’t any legislation or bank regulations to stop this from happening with what happened with COVID. Congress has known this. It was held back last year. Growing calls for interest rate hikes. There are regional banks that are sitting on the same t‑bonds that collapsed SVB.
Trump could have lifted every regulation it would have still happened. Because if you dump $4T over night. People had to put it in the bank and the bank had to do something with it.
Democrats won’t go to homeland security committee