The installed occupant of the White House said something today that is just brutally false on its face.
From the words typed into the teleprompter of Joe Biden you hear, “No losses will be borne by the taxpayers. Instead, the money will come from the fees that banks pay into the Deposit Insurance Fund.” Who the hell does Biden think are paying those “fees”? Those fees paid into banks, and then out of banks, from all around the nation are paid by the people using the bank, that’s taxpayers.
The United States government does not create a single dollar of revenue. They transfer revenue from people to processes and systems of government. Charles Payne has a good perspective on this entire dynamic. {Direct Rumble Link} WATCH:
Posted in Banking and Finance, Big Government, Big Tech, Dem Hypocrisy, Joe Biden, media bias, Notorious Liars, Professional Idiots, propaganda, Uncategorized
GREAT comment found elsewhere on the possible end to the fight against inflation by raising rates:
The Gods of Finance have spoken, per CNBC article titled:
“Goldman Sachs no longer expects the Fed to hike rates in March, cites stress on banking system.”
So basically one rich and ignorant banking CEO has the ability to cash out $3.6 million in company stock options before it collapses, and then single handily determine the fate of billions of humans in regards to future inflation rates?
I’d change that to “rich and corrupt.”
LOL. Stress on the banking system is the whole point!
Create problem, present “solution,” elites win…Yahtzee!
renters can be manipulated to submit easier.
A lot of those sales are determined in advance by scheduled sales. Some sell once a month ,some sell 2 x a year. If you had 5,000,000 in 1 stock and that consisted of most of your total stock holdings, the prudent thing to do is to diversify. Also ,some sales are needed in order to pay capital gain taxes. I know, you and I both wish we had those problems. Live your best life.
No one on that level is Ignorant.
A Rich Crafty Devious Greedy Malicious Bankster CEO has the power to do that.
And did it premeditatedly, with full knowledge of his/her actions aforethought, and full intent to rip off the system at the last minute and make a killing at the expense of everyone to whom s/he had a fiduciary responsibility.
They committed. Murder of the Bank and our economy.
In the first place, the fed kept interest rates much too low for too long a period of time. My father, who bought a home in 1949, paid 4% interest or higher. Mortgage rates under 4% have never been heard of historically. So now that interest rates are being normalized by any historic standards throws a monkey wrench into everything. End the fed!!
In a nutshell, our government doesn’t solve these problems. They just make it worse. And the rich get richer. Wall Street is predicated on on free markets and capitalism. The government influences are highly discredited. Trying to save us from what? Ourselves our Wall Street and the underfunded pension plans. God help us.
By the time Biden is said and done the USD will be worthless.
Biden couldn’t run away from the reporters’ questions fast enough today.
Exactly. Capitalism needs losers. We can’t continue to allow communism/criminals to make the taxpayer lose by default when we need wealthy oligarchs and the businesses they mismanage to fail.
Yeah, 30-40% short term unemployment would suck but it would be quick and sustainable instead of a short kick the can down the road.
CONmunism, regardless of whatever guise it’s sold under, collapses when they run out of other people’s money.
Not to mention what happens when they run out of productive middle class people. Seems to me, the fatal flaw of communism, or any totalitarian system, is their focus on eliminating the bourgeoisie. You can’t steal money from peasants. Labor, certainly, but not cash.
And China is about to start some real shit. Meanwhile, back in the Batcave, Cadaver Joe and Cackling Scamala continue to prove they are clueless, in earnest.
As the Wicked Witch of the West said after Dorothy doused her wicked ass with that bucket of water, “What a world, what a world?”
I posted this link on the daily general posting, but think this 3 minute video indicates a similar conclusion from the “Uneducated Economist”:
Install a clown, expect a circus
It all circles back to election fraud.
….and subsequent energy policy…
all derived from manufactured crisis.
WHAT election fraud!? /s
The New Normal
because talking about it doesnt stop it- it angers people to be ready to stop it.,
but without a TIME and an EVENT that all are invested in – its NOTHING.
The Regime wants to believe it, but NO this debacle will NOT be the new normal.
NO this can never be the new normal.
I quote from Longfellow’s poem (since made into a Christmas Carol):
“God is not dead, nor doth He sleep;
The Wrong shall fail,
The Right prevail,
With peace on earth, good-will to men.”
Figure it out.Everyone else has
/s = sarcasm
Elections have consequences. Stolen elections have catastrophic consequences.
if people dont pick a TIME and an EVENT people are invested in – then you are stuck in talk talk and more beatings.
JAn 2025 – let PDJT’s rallys provided the numbers of people and the local LOCATION for protest until resignation of ALL – and replacement if they dont have a open investigation and a STOPPING of the Jan 2024 steal
The corruption is constant and they don’t even try to hide it – heck most of the time they celebrate it. The US is in for a hell of an economic reckoning.
Yes, and I seriously hope it implodes THIS time because every time it’s papered over with debt-based money, the severity of the INEVITABLE collapse simply becomes worse. Rip off the Band-Aid and take the pain. Then, with the resulting public outrage, put the right people in prison this time.
But, I doubt that it will. The oligarchy much prefers you pay via a bailout powered renewable energy burner that’s heating your frog slowly to a boil. It’s something about that awakening the masses and jail thing.
As far as my local news sites and all national sites except CNN(!), there is nothing going on. Even CNBC (or CNBS as many including me like to call it) has virtually nothing. Much more on Fox Business. Of course, we know why there is such a difference. This looks bad for the senile pervert CCP stooge occupant of the WH.
I suspect this is going to be a global reckoning.
Hang on…………..it’s gonna be a bumpy ride.
Sundance, lets not be like them! The federal govt does create a small amount of revenue. Leases come to mind immeadiatly, logging, mining,ski resorts and more.
Granted it be a small portion of what they spend! And fjb saying the tax payer will not pay a dime, is a slap your face lie, unless you are one of the 40% of coolaid drinking americans
307: National Park entry fees are another example, although it’s annoying that we citizens, who own the National Parks, have to pay to enter them!
It costs money to keep them up. One of the reasons that the Feds own own so much of the American West is because it was too expensive for the states to keep up the maintenance on the land. So they deeded it over to the feds.
Reasonable point, Missy. However, perhaps the Sates need to stop diverting to the Feds and simply govern as STATES, as the Fathers intended.
Who take care of them.with out tax payers money.No one would
all that land was doing fine before the first tax was ever laid on the people of America . There is no maintenance on wild country .
Tariffs. We could actually bail ourselves out of this mess, as deep a hole as it is, if we USED the tremendous inherent POWER of our economy, wisely.
And there is ONLY one person that can do that.
Swiped from another blog:
“It’s a bailout . . . crony capitalism.
Luckily, Cap’n “Joe Biden” is at the helm of this steaming garbage barge.
His conference room full of geniuses is ready with the solution to our predicament: the long-mythologized Central Bank Digital Currency — a dream-come-true for would be tyrants… the Godzilla of unicorns whinnying atop the biggest rainbow of all: the promise of endless magic money for everybody, forever.
All you have to do to get it is: surrender your decision-making power over your own life. The government will amalgamate your few remaining assets in a CBDC account, tell you exactly what to spend it on, and shut off your little card if you show any contrary impulses.
Well, they can try it. I doubt it will work. Instead, the government will melt down in its own rancid puddle of insolvency, the meta-grift will grind to an end, and it will be everyone for his / her / they self in the broke-down Palace of Chaos for a while… ”
It’s not just Biden’s conference room full of geniuses.
Expect the Republicans in congress to go for this in a big way. They will carp about the details, and having made a show, will go along. A few more will exhibit more resistance and then fade away.
No. It copied from comment at http://www.michellesmirror.com/2023/03/what-would-you-do-for-wisdom-mutt-day.html
There’s mo way to link to the specific comment and the post from the blog itself it’s not about this.
Then comes the retribution phase ran by angry patriots .
Steve Bannon says it perfectly-“Elections have consequences and stolen elections have catastrophic consequences”. We have arrived. Forget any republican opposition to a massive bailout as they’re al on the same UNIPARTY team.
and people that dont organize, pick a time and place – and protest until resignation of all legislators… will receive more consequence
Jan 2025 your local RED office – until they resign.
PDJT rallys get 40,000 in location A, that LOCATION A protest until those legislators stop the crime or RESIGN.
get your Red States back – then you dent the Fed EASILY.
this is why Kari Lake was not allowed to win. SHE would be the first REAL GOVERNOR, and DeSantis was the Pretender Governor
If we wait till 2025 it’s way too late. In fact it’s over.
HOW ABOUT A WORLDWIDE PEACE DEMONSTRATION??
I have no idea how to organize such an event but it’s long past due.
ALL WE ARE SAYING IS GIVE PEACE A CHANCE.
No one can argue with that.
how do you pick an event sooner that the MOST PEOPLE will be involved.
the reason why i say 2024 STEAL is because it is THE ONLY GUARANTEED already organized DATE AND TIME, and EVENT people are bloody invested in.
forget peace. we want people to admit we exist.
bloody – word use as in invested to the point of fighting
not the UK version of it.
We all can pray for peace and be peacemakers in every way possible. Trying to love, in God’s way, for those who would be our enemies is what He asks us to do.
The Netherlands just held a major protest. If there is a way we could ALL get together, and do it at the same time against the WEF and our collective countries communist agenda, against this “globalist regime” that would be somewhat of a shot heard round the world.
Alas, we do not have a “global” spokesman in our corner, say like Bob Geldof and his compatriots to stand up for States’ Rights to stand up for sovereignty.
I know! Let’s all dress up in black, identify as antifa, and torch something./
(note from author: I am kidding if course, NSA, FBI, DOD, DHS, FJB…)
🤣
you’d get arrested becausethe FBI didnt bus you in.
You get arrested because you did it in small numbers and didn’t use your 2nd Amendment RIGHT to arm yourselves. This is only going to end when we come out in the millions, armed, and tell the government exactly what they must to do insure elections that we can trust, and threaten that, until that happens, blue cities will have electricity, water, fuel, sanitation, food, transportation, etc etc etc interrupted or cut off.
All roads lead to Dimokkkrat money laundering.
THE SILICON VALLEY BANK COVERUP – AND THE ROADS LEADING TO GOV. GAVIN NEWSOMThe bank just deleted their Twitter account. So much for transparency from a bank that is now 100-percent backed by taxpayers.
excerpt:
Silicon Valley Bank’s “Behested” $100,000 Gift To Newsom’s Nonprofit
Our auditors at OpenTheBooks.com found that California Governor Gavin Newsom, through a nonprofit organization his wife, Jennifer Siebel Newsom founded, the California Partners Project, has very close ties to the bank.
In 2021, SVB gave $100,000 in corporate gifts to the Newsom nonprofit. These gifts are so intertwined with the Newsom’s that they are listed as a matter of California ethics law on a state government website, California Fair Political Practices Commission.
All nonprofit donors are listed on the state website if they are “behested” gifts. The term “behested” means “at the request, suggestion, or solicitation of, or made in cooperation, consultation, coordination or concert with the public official.”
In this case, it’s the governor who behested the Silicon Valley Bank $100,000 gift. It’s the governor who requested, suggested, solicitated or cooperated, coordinated or acted in concert to procure the gift. However, the mandatory-state-disclosed conflict-of-interest listing also names his wife, Jennifer Siebel Newsom. That’s because, Mrs. Newsom, is also a public official, the first ever “The First Partner.”
Siebel Newsom’s public duties including running the Office of First Partner which was created by the governor shortly after inauguration. Since 2019, the governor allocated nine staffers and nearly $5 million in taxpayer funds for his wife’s office… ~
https://openthebooks.substack.com/p/the-silicon-valley-bank-coverup-and?utm_source=post-email-title&publication_id=775254&post_id=108212051&isFreemail=true&utm_medium=email
Archived copy:
https://archive.ph/M0Xvx
Thanks for sharing it.
Mr. Payne has common sense.
Fast forward to 6:30 and hear what a normal person thinks.
Mr. Payne cracks up over how ridiculous this whole gender thing is, pretty much sums up the reality of the situation we live in.
…Anyone who puts their pronouns on a resume’ just advertised that they would be difficult to work with.
But isn’t that the kind of hires “woke” corporations are lookin for these days???
Leik, did you say Mr. Payne has common sense?
🙂 🙂 🙂 🙂 🙂
I automatically avoid anyone putting their pronouns out there. If you are disconnected from reality I don’t have time for you.
As I have scanned various articles etc…I did hear that current management was given pink slips, so to speak. Given the changes in academia…in my world, way back…to get into any university MBA program, you almost had to ‘know’ someone. Now, its a piece of cake….
Fast forward, I played the idea in Introduction to Operations and Management…thinking of an MBA, and my first grad class…until chapter 4–ethics and business. Basically, the concept was, there were no ethics. That said…
One does not hear of the average age of these ‘executives who were fired.
How old are they? Where did they do undergrad? Where did they do MBA’s?
What was the educational model utilized at the under-grad and grad level?
What were the business or finance models utilized in educating the future business leaders…emphasized by the respective institutions of higher learning?
What about financing their educations? FAFSA? IMHO, the problems are not just in one bank system…it starts with the educating of these business ‘executives’.
Aggiegirl: Many o today’s managers think that every business problem can be solved with a web search and a tweet. Thinking and reasoning are out of fashion.
Signature (not Silicon) didn’t need to be shut down – JPMorgan, Bank of America, Citi, etc. carrying more risk. Signature supported crypto – a threat to the CBDC.
Besides the very valid CBDC observation at Signature, one might want to look more deeply into the 90%+ of SVB account holders who had more than $250,000 in their account(s). Might there be some CCP venture capitalists among those facing a loss until China Joe rode his horse (with training wheels) to the rescue? Could the narrative of a systemic banking crisis – as evidenced by Signature – be cover for a payback by a compromised administration?
Let them continue bailing one another out…
But look even now we see nations such as the newly formed Iran and KSA trading partners opting out of the American dollar.
There are many nations waiting in line to join BRICS+ who will form the Eurasian alliance which is 71% of the planet’s population.
The U.S. makes up about 5% population; total Western Alliance 7%.
What happens when just half of this 70% starts dumping the dollar.
That’s when all of this crap from our brain dead leaders and our useless government comes to a screeching halt.
Technically, it’s a half truth.
Banking fees are paid by taxpayers & non-taxpayers alike.
As if the Federal Reserve ever had control, all they have is the Money Printers and Zero’s.
Money as Debt I – Revised Edition 2009 (Full Movie)
Say the line Charles……Biden Didnt Win
”The only way for THE PEOPLE to gain power in this country is to force the transfer of it. If truth isn’t the fuel and vehicle, we will just be replacing deck chairs and hitting the next series of expected ice bergs.”
https://theconservativetreehouse.com/blog/2023/03/12/the-parliamentary-motive-behind-the-j6-fedsurrection/#more-244239
This post is another example of the expected ice bergs. The inevitable consequences of election fraud.
Truth: #Biden Didnt Win. Thats the part Charles Payne is not allowed to say out loud although I can read his mind. So they must resort to continually replacing deck chairs instead.
Mason jars pay the same interest as banks, and have a much lower failure rate.
I live in a house that my great grandmother bought w/ money she kept in mason jars during the great depression 🙂
Let’s see what he says on this timely topic. He’d damned well better say something and it better be the RIGHT thing.
LIVE: President Donald J. Trump Delivers Remarks on Education in Davenport, IA 3/13/23
https://rumble.com/v2c57bm–live-president-donald-j.-trump-delivers-remarks-on-education-in-davenport-.html
as far as a physical action: all he can do is rally people to a fight.
the people have to be ready to do a protest that is a standoff and DOENST STOP when your bank gets touched. get your stuff out of the bank
Buck Fiden!
Biden’s team is in charge and slaughtering us.
you are picking up the tab the whole time
quarter trillion wasted in covid relief. aa few trillion to fund the uniparty’s secret empires during covid.
0 percent interest rate to black rock can buy up your life and rent it to
now you have 6% to buy a home and more..
—
if you arent ready to protest until resignation of all state legilators and above in jan 2025, after the 2024 election steal from you… then nothing will get you ready
J6 at every local office. not DC where a DC jury will Q shaman you.,
Can I correct your headline to “Silicon Valley Donors”?
doesnt matter.
if we cant 1 Governor that is their STATE FIRST to push the FED into showing its evil face – then we are done.
get 1 Governor in like Kari … DeSantis was the fake governor, that only does MAGA things to screw with the 2024 election.
Shows and then destroys how they are trying to blame it on Trump:
The Banking Disaster And The Media Coverup (Ep. 1967) – The Dan Bongino Show
https://rumble.com/v2cxroo-the-banking-disaster-and-the-media-coverup-ep.-1967-the-dan-bongino-show.html
He also makes my previous point: this is the most predictable crisis imaginable and the inflation which caused it indirectly by requiring the Fed to raise rates to fight it is primarily due to massive deficit spending.
I always like Payne, Dobbs, and Bartaromo but I just can’t watch Fox Business anymore.
So if we can’t “forgive” student loan debt, then how in hell does the federal government have the power to “forgive” a bunch of stupid loans involving rich investment bankers?
Oh, Wow. I know Dana and Bill were not expecting Charles Payne to come over from Fox Business and tell all the Housewives watching at home what they heard.
Charles Payne told them the TRUTH!
I’ll bet one of the stage hands had to put fresh newspapers under Perino’s chair after the Charles Payne segment went to break. She just couldn’t deal with what she was hearing.
The interest rate hikes haven’t been working to slow inflation anyways. It is all being driven by terrible energy policy and trying to force everyone to go green.
Imo, this is a bad take. The FED action, basically allowing banks to borrow against collateral valued at par versus marked to market, prevented investors from dumping their investments in small, regional banks.
If investors had dumped, who would have bought? Answr: Large, too-big-to-fail banks.
America benefits from numerous small regional banks because they impede those business-government partnerships used to discriminate against us. If banking ends up being concentrated into the Goldman Sachs, Black Rock, and JP Morgans, the end result will be the exact same as CDBC.
Dont believe? Ask the CEO of Gab.
Who Killed Silicon Valley Bank?
Apparently no one at the firm perceived any risk from the Fed raising interest rates
March 12, 2023
https://www.wsj.com/articles/who-killed-silicon-valley-bank-interest-rates-treasury-federal-reserve-ipo-loan-long-term-bond-capital-securities-startup-jpmorgan-bear-stearns-lehman-brothers-b9ca2347
Excerpt:
Why did so many startups bank with SVB in the first place? Here’s a hint. Apparently, more than half of SVB’s loans went to venture and private-equity firms backed by the borrower’s limited-partner commitments, a legal but slippery way to goose venture funds’ all-important internal rate of return metric, IRR, by investing three to six months before calling investors for cash. VCs are very persuasive with startups.
Here’s an important lesson for companies in trouble: On Thursday, Mr. Becker told everyone to “stay calm.” That never works, ever since Kevin Bacon’s character in “Animal House” told everyone, “Remain calm. All is well,” as chaos ensued.
Was there regulatory failure? Perhaps. SVB was regulated like a bank but looked more like a money-market fund. Then there’s this: In its proxy statement, SVB notes that besides 91% of their board being independent and 45% women, they also have “1 Black,” “1 LGBTQ+” and “2 Veterans.” I’m not saying 12 white men would have avoided this mess, but the company may have been distracted by diversity demands.
Management screwed up interest rates, underestimated customer withdrawals, hired the wrong people, and failed to sell equity. You’re really only allowed one mistake; more proved fatal. Was management hubristic, delusional or incompetent? Sometimes there’s no difference.
Ask me why I don’t lock into long term bonds. Ask me why I never put more money in MMF or CD’s over 250k in any single investment. FED goes QE for all these years and then bam inflation hits because of what! Covid relief, payroll protection programs, money laundering, waste fraud and corruption. Government regulators are blind evidently. If they pay more than the FDIC insured amount of 250k then it’s a bailout. More money printing, more waste fraud and corruption. A vicious cycle of one crises after another. The only reason they prop up the biggest Ponzi scheme in the world is to prop up the Wall Street racketeers and keep the underfunded pension funds from failing and avoiding that disaster. Kaboom.
at the right time, they will shut down all of your banks. and let the chaos fuel us hurting each other.
we are not thinking ahead
OPEC isnt US Dollar solely aligned now.
our stepping off the gold standard is coming home to reap now.
There are lots of layers to this story:
There are data points about what is going on. We’re all focused on the man in the three rings with the top hat. Did this develop organically or was it planned? How can this be used to centralize power? If nothing else it seems to be a financial blow to a lot of crypto tokens bought and sold with free/inflated dollars.
The government does not only not have it’s own money, what money it does have has been taken from someone else by force. We’re already at, “You will own nothing and be happy.” People are just renting everything from the government. If you don’t believe this is true, try not paying your taxes.
Obama 1.0: you didn’t build this. it’s not yours
Obiden 2.0: you didn’t build this, it’s the people’s fault
also obiden 2.0: our tax reforms will make the ultrarich pay their fair share, unless they don’t know how to balance a check book, then we will have YOU pay their fair share.
“ The United States government does not create a single dollar of revenue”
Nope…civil asset forfeiture., drug
interdiction.
For every one dollar Justice Dept spends, it makes four through confiscation of property. Boats, homes, vehicles, property.
It’s why governments isn’t interested in stopping drug trade.
Imagine what would have happened if this administration continued the Trump Economic National Security Plan?
instead we have a failed economic national security plan that has done every single thing
WRONG.
this IS intentional even if you don’t believe it. If someone if wrong so many times over and over and over again…you can’t chaulk that up to incompetence alone. It means there is no intention to change despite the evidence that change is required. Even a moron will have a sense of self preservation. This administration isn’t JUST A FRAUD…It the most dangerously incompetent regime that has ever happened. We will be paying for this for decades.
stay frosty..it gets worse.
God Bless America
Forcing OPEC off the US dollar, while weaking our military as a mighty force…
i keep thinking the dollar crash is our Venezuela recovery.
If someone if wrong so many times over and over and over again…you can’t chaulk that up to incompetence alone.
“Once is happenstance. Twice is coincidence. Three times is enemy action.” – Ian Fleming, Goldfinger
David Stockman, President Reagan’s budget director.
David Stockman on Crony Capitalism and the GFC – Bill Moyers & Company
Aug 13, 2012
Stockman in this video on the 2008 bailout:
“American political democracy was fatally corrupted by a resounding display of expediency and raw power. Henceforth, the door would be wide open for the entire Legion of Washington’s K Street lobbies reinforced by the campaign libations prodigiously dispensed by their affiliated political action committees to relentlessly plunder the public purse.”
Cloward/ Piven going according to plan. All this must be done before 2024. The globalist’s patience is wearing thin with the Marxist Democrats.
I get great joy seeing Dana Rino smacked down
Don Surber is on a roll…….Behind every disaster, of course, is a token that Biden appointed to be the “first” _____ (fill-in-the-blank.)
https://donsurber.substack.com/p/dont-bail-out-billionaires
The “smoke-’em-if-you-got-’em” EPA is run by its first male black administrator. The first woman Treasury secretary is overseeing the return of inflation. The first Homeland Security secretary born in Cuba gave us the biggest border crisis in American history. The first Latino Health and Human Services secretary gave us a shortage of baby formula.
And of course, the man behind the supply chain problem, the airline crisis, and the destruction of highways is the first homosexual Cabinet member not named Ric Grenell.
The collapse of the Silicon Valley Bank is the shiniest example of failure. For 4 decades, SVB financed the mining of tech-industry gold. Biden demolished it in two years.
The Woke Dominoes Are Falling!!!
FWOKE IDEOLOGY
FDEI
FJB/LGB
A missed opportunity to allow California to slip into the sea along with their venture capital economy
“From the words typed into the teleprompter of Joe Biden you hear, “No losses will be borne by the taxpayers. Instead, the money will come from the fees that banks pay into the Deposit Insurance Fund.” Who the hell does Biden think are paying those “fees”? Those fees paid into banks, and then out of banks, from all around the nation are paid by the people using the bank, that’s taxpayers.”
As I noted yesterday from the DIF’s own website … https://www.difxs.com/DIF/Home.aspx … only DIF members are protected by the fund. They’re the ones who’ve paid into it. It’s a PRIVATE insurance fund. The Silicon Vally Bank is NOT a member of the DIF. See for yourself (https://www.difxs.com/DIF/DIFMemberBanks.aspx#S). Not listed.
SVB bank and its depositors have NO RIGHT to the money in the DIF. If US Treasury officials are telling Biden that the DIF is going to be the source of the uninsured SVB deposit bailouts (and that’s what cnbc reported), then the US Treasury is either going to steal from the DIF or they have made a deal with the DIF to replace those funds. And they only place they can get the money to do the latter is by taking it from the taxpayer.
Unless Biden meant another Deposit Insurance Fund. You know … the other thing.
Ok, folks, I did a little checking and Biden/The Treasury meant this FDIC Deposit Insurance Fund, not the Depositor’s Insurance Fund I have been mentioning …
https://www.fdic.gov/resources/deposit-insurance/deposit-insurance-fund/
But this fund only covers deposits under $250000. It says so right here:
https://www.fdic.gov/resources/deposit-insurance/
“The standard insurance amount is $250,000 per depositor, per insured bank”. It’s state in black and white that “Uninsured deposits include deposits in excess of the standard deposit insurance amount of $250,000 (for deposit accounts that otherwise are covered by deposit insurance), as well as other deposits and account types that are not insured.”
So any money that goes to replace uninsured amounts at SVB will have to come from somewhere other than this Deposit Insurance Fund. They can call it a new special fee on all FDIC banks, but what it is is THEFT. It’s us .. you and me … being FORCED to pay for the bad management by someone else of their money … the someone else being mostly the wealthy, elite leftists in California who helped Biden STEAL an election. This is THEFT, folk, pure and simple. Let’s not call it anything else … and sooner 0r later we’re going to have to use our guns to stop it. Better sooner than later, I say.
The way they ACT, the majority of politicians in Washington DC must believe every dollar in the US economy was created by and belongs to the US Government; NOT those entities that EARNED that money! They will SAY anything, true to form of any politician, but lying comes so natural. The government, in my lifetime, has become so much of a burden and obstacle to productive, educated and conscientious persons that their continued civility is being tested.
Yet again, multi-millionaires and billionaires concoct schemes by which they engage in seemingly innocuous banking activities — and lo and behold, their investments go south, way south.
But these leeches are well connected; whatever risks they court will never in the pinch come back to bite them in the nether parts — but woe be to us poor law-abiding and trusting participants in what is being sold to us as a legitimate and protected engagement in the financial and banking sector.
When the big guys fall, in the flash of a millisecond, these big guys and their army of powerful thieves, aka commies, swoop in to take from us and give to the b*****ds who long since have learned the art of stealing from the masses and pocketing the wealth for themselves, the long accumulated wealth of the hard-working and seemingness clueless depositors; these latter live by laws and regulations, the former trample under foot laws when those laws hinder their schemes to steal from us.
DE FACTO collectivism — just like defacto open borders —– neither of which have the consent of the American voters.
Tax us???? Really?
For every action, there is an equal and opposite RE-action.
Not just a statement of reality, for physics, but for LIFE.
The LAST bailout, despite all of their false narratives, led directly to the Tea Party, which led to TRUMP.
THIS one, the false narrative is falling flat, as soon as it’s put out there.
Happening a lot, lately because A) the narratives are particularly absurd and B) THEY have not just “no credibility” but even worse, people know that whatever THEY are saying isn’t true.
Based on history, THEY are going to do SOMETHING, maybe very similar to things they have done before (and so “gotten away with”) hence they THINK they will “get away with it, again” and it will be “the final straw”.
And THEY better all give their souls to Jesus, cause they will be having a face to face with him, shortly.
The fuse is actually already lit, it’s just a matter of time, now.
Make sure your seats are in the upright position and BRACE FOR IMPACT.
THEY are NOT winning, they are losing control.
This video appears to have been hacked, by someone encouraging folks to make a run on their banks.
Was that there when this was posted?
Simple… logic…
How many tech workers have been laid off in the last 6 months.. ya, ya no one cares.. bare with me..
Amazon.. Google.. Microsoft.. You name it have laid off somewhere between 75,000 – 150,000 very high paid tech employees making between $75,000 and $200,000
I don’t know how well you do math but that’s somewhere between $5B and $30B in bank deposits…
Do you understand what happens when 75,000 to 150,000 previously employed tech employees withdraw their funds over the span of several months.. Some looking for new work, some burning cash faster than the rest of us make it…
Do you know what that looks like?
Well.. now you do..
I liked when he said “we USE Moms plights to protect fat cats.” (Paraphrasing) cause it is true!
Larry Kudlow podcast tonight w Kevin Hassett, former Trump economic advisor, confirming that FDIC radicals rejected buyer offers for svb because they weren’t on a WH whitelist…. the insanity and corruption
Charles is GREAT! The “Anchors” are trying to shut him down!