The CNN panel was jaw-agape as Kevin O’Leary appeared earlier today to inform them the decision by Joe Biden to guarantee every deposit in U.S. regional banks is akin to “Joe Biden just nationalized the U.S. banking system.”
O’Leary is correct, and anyone who is holding assets like stocks or bonds in U.S. banks now needs to reconsider the disappeared line between government and the bank assets. If the government can assume, control and backstop every single account balance within the bank, the government can assume and control all activity of the bank. WATCH:
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Downstream…. think about the consequences. Remember the frozen bank accounts in Canada as a result of defining truck protest supporting Canadian citizens as domestic extremists?
Now think about the government no longer needing to ask the bank to take action, the govt has a regulatory ability to demand the bank to take action. This takes “debanking” to an entire new level. People are wondering why cryptocurrencies went up in value today. There’s your answer.
Comrade citizens, at the end of this rainbow of bank nudges, we will find ourselves at the footsteps of a government controlled central bank digital currency.
They pretended to be shocked.
Joe Biden’s 1988 DNC run was ended by his stupidity… he had claimed well known speeches as his own.
I would not be surprised if he stupidly thought this was a good idea and/or thought it was a way for the “Big Guy gets 10% off the top.“
I’m sure the bailed out billionaires will show the old crook their gratitude for his generosity with other people’s money.
Joe was Obama’s white face … just like Obama is Big Mike’s beard …
Trump speech at 7:15 eastern from Iowa.newmax should carry it.
It looks like local banks and credit unions have not been nationalized…. yet?
Expect regional and local banks to fail going forward. The point of this is to leave only the big banks operating as government agents and managing CBDC.
And how many will be “orchestrated failures” c/o the Joebama Junta? When that happens, the TBTF banks/institutions CAN and WILL be controlled by the criminal US government. ALL PART OF THE PLAN.
The Communist democrats and spineless, ball-less, feckless republiCONS in the UniParty will do NOTHING to protect Americans.
They believe they are. Kevin said there are always stupid managers in every company, our government is nothing but stupid managers.
This country is to be destroyed, period. Piece by piece bit by bit. The good believe they are doing Gods work, the evil believe they are doing the opposite. Truth is they all work for God. Everyone will bow to our lord.
Who can forget, too big to fail. Still raises hackles on my neck.
Remember that old story about nimrod? The dude built a tower to reach God. (God is always with us why build a tower?)
The tower was the tower of babble, and was one mans idol to himself. Remember “the times of Noah”? When all thoughts were evil?
People want to believe God is this big ole meanie that punishes us for bad behavior, noooooo……….God built this place and us, he knows what we need. Problem is the world will correct itself, and us on it God just wants our best.
And when you look at that you have to wonder why they heck are people so stupid? You have this beautiful place, wonderful God who loves us and will do anything for us. He provides us with everything, but we will not read his word and follow the manual.
We build garbage, and call it progress. It surprises me he puts up with any of us.
Big banks that cancel the accounts of people with the wrong political opinions and don’t care too much for the 2A.
Wouldn’t surprise me
If the fed gov is guaranteeing every deposit, then they’ve been de facto nationalized.
They guarantee deposits for regional banks. I was talking about local ones.
Local banks have FDIC insurance. If they didn’t -I don’t know/think people would put their money in them.
Credit Unions have NCUA insurance.
There is not enough insurance to cover the deposits if all the banks fail at once. Insurance doesn’t work that way. A catastrophic failure is just that: catastrophic.
Globalists *want* a catastrophic failure so they can pick up the pieces and gain control of everything and everyone.
2000 years ago Jesus told John the apostle that in the future no one would be able to buy or sell unless they had the mark of the beast in his hand or forehead. This is the system they are putting together. Could these bank failures be a controlled crash to make the digital currency more attractive to consumers?
remember their “Apostles ” motto.. “never let a crisis go to waste”…
I’m thinking it was an orchestrated crisis. They could have chosen a less obvious bank.
That it was a Silicon Valley bank?
If true they probably had assurances from the regime which tech supports and which no doubt was complicit in getting it installed.
This would certainly make sense in view of the direction we are inexorably being forced toward.
I’m very much inclined to think the probability of what you’ve said is extremely high.
No tin foil hat needed.
One of the Warroom guests of the last few days – forget who it was & the shows no longer list guest names – stated that about a third to a half of those startups who are being waved around as victims right now are CCP controlled.
I’ve read this, steph.
I’ve always half joked that this country is a satellite of China.
With the evidence mounting that Biden and his slimy, corrupt family, and too many in the Legislative Branch have indeed sold the company store for greed and profit…our country, not theirs…never mind various governors who have allowed the sale their states’ lands to a foreign power, China, who is our primary enemy? The Chinese who have, as you note, infiltrated tech, education, medicine, corporations?
I’d say the only thing missing is the Chinese flag flying above the American Stars and Stripes outside every government building.
Never let a manufactured crisis go to waste.
every current event, from 911 to the 08 fiasco to covid to Bankmansteinberg to this bank has been used to expand government power and surveillance.
Ordinary people can’t be just left alone to live their own lives, everything is an excuse to f*** over normal people. So yeah, this is another excuse.
Watch Omega Man with Charleston Heston.
Yes.
Worldwide sovereign debt crisis = financial crisis = banking crisis = pension crisis. Countries will start defaulting. Everything is connected.
Can read about Macron pension plan reform. EU kept interest rates at 0% for years. Can’t pay out on promised pensions. This will be in all EU. Europe will crash first.
And Ukraine debt will suck the air out of USA economy.
We’re in a helluva mess and it’s worldwide.
Consider if you will ever see your retirement money. Consider if you might be better off with precious metals, land, guns and ammo, food storage, and barterable items.
I agree with you. Tangible assets.
The House must present a bill demanding that any so-called digital currency be convertible to cash (one to one) upon request of account holders. If it isn’t, I can’t see how it is constitutional. Account holders must be free to receive cash, or else it would be considered an ‘illegal taking.’
Is your money really yours if you can’t receive it in your own hands. Note that personal checks are just a claim on cash; credit card charges are just an authorization for payment in cash etc. etc.
Think about it. How can a bank really tell me I can’t have the cash I deposited in their institution! They can’t! It’s just a bunch of sick angry radicals with persecution complexes who think they can do anything.
What you say makes sense but everything I’m reading from a reliable soure says to going in that direction down the road. Other countries will go CBDC first, maybe UK, but that ultimately we will too. I don’t think constitutionality will have much consideration like every thing s else these days. It’ll all be about sovereign debt. That’s why they don’t care if the devt goes sky high. They know it isn’t going to be paid back. It’s goingto be defaulted on. At least all this is the plan. It’ll take years but that’s what’s cooking.
Maybe a stupid question but what does this mean for current and possibly future shareholders of these banks? Doubt very much that govt has the competence to manage banks with any sense of financial ability.
Well Thomas…, considering that the government’s own Fed. regulator,
located in California for the express purpose of overseeing the operations of this (and others) bank,
obviously FAILED in their job…
Let’s just say that i agree with you.
Shareholders normally get nothing.
It’s ironic. Shareholders are the ones that actually made possible the very existence of the bank, yet they are treated almost as filthy perpetrators. If the government so loves this woke bank, well at least recognize that capitalism brought it into existence.
Dems must believe some weird variation of the mystical Catholic dogma referred to as Transubstantiation, whereby bread and wine become the actual body and blood of Christ through the transcendent powers of the Holy Mass.
For Dems, something similar must be going on in their minds because they tend to believe (almost humorously!) that money, by some form of transubstantiation, morphs into wealth producing industries on its own, even when there is actually nothing to buy!
You do not understand the banking system — fiat currency, fractional lending — if you think capitalism births a bank. Government regulators make the rules. Non-government entities set the rates in support of government regulators. Uncle Miltie (Milton Friedman) saw this coming decades ago. It is an unsustainable framework.
Lawsuits…incoming.
I would not buy bank or financial sector stocks, myself. YMMV
I like @wifeyalpha and @wallstreetsilv on Twitter plus @Doomberg and @Kobeissiletter
All are very knowledgeable and have been on target for the last 2 years.
President Trump has been clear about a coming 1929 level stock market crash. Wifeyalpha has a recommendation on strategic allocations.
A lot of his advice is aimed at people who have the interest and ability to play with puts, but for normies he is very clear – cash and cash equivalents like very short term T bills is the best strategy.
I don’t think he foresaw this latest bank crisis issue though.
@DoombergT
Forgot the T
I see commentators also saying that Signature was important to crypto and that its closure is an important indication the Fed is going to use its power to wipe out all competition to its planned CBDC.
Sort of the Fed’s way of leaving the horse’s head as a message.
In the meantime, Elon Musk has Dogecoin. And was looking to turn Twitter into a Westetn WeChat for payments.
Hmmm.
No surprise there, beijing biden isn’t capable of telling the truth, except for promising that if Russian entered Ukraine, the Nord Pipeline would cease to exist. He and sullivan, nuland, powers made good on that…
Will the taxpayer foot the bill on the fed bailouts? The powers that be also insist this won’t cost taxpayers. Per Peter Schiff, the US government isn’t going to raise taxes. And the only way the taxpayer would be directly implicated is if any of the banks taking loans default (very likely) and the Fed taps into the $25 billion in credit protection extended by the US Treasury. But make no mistake, the taxpayer will be on the hook for the inflation tax.
According to beijing biden, the government bank bailout won’t cost taxpayers any money. THAT’s A LIE. While it’s true that no one’s taxes will be raised to pay for it, the Fed will print lots of money to cover the cost. That’s inflation and everyone will pay higher prices as a result. (Source: zerohedge.com)
Didn’t Xiden just pop out a so-called “budget” full of tax increases on everyone?
I hate to break it to him, but it has ‘nationalized’ in 1913, and became fully ‘nationalized’ under FDR.
In addition, they effectively changed the Constitutional definition of the US dollar.
The Constitutional dollar is defined as 0.77 troy oz of pure silver. The current price from the US mint for 1 oz silver eagle is around $33.64/oz or equal to a little over $43 ‘Constitutional’ dollars.
The average earnings in the US in the decade that the Constitution was signed was around $65 ‘Constitutional’ dollars per year.
Or $65/0.77 oz = 84 oz of silver or $2,582 current Fed dollars per year. A year’s pay for a Roman soldier was $30 oz/year.
Keep in mind this was before modern civilization where life was defined by the speed of the horse and the energy of wood.
The advancement enabled by cheap fossil energy allowed a significant expansion in capital which in turn leverages human labor for an improved standard of living.
In 1913 they understood this, and thus needed to disconnect the definition of the dollar to prevent a significant deflation.
load up on Gods money
Deflation is a good thing for all except the banksters.
Don’t get carried away, Kevin O’Leary is a know-nothing douchebag.
He isn’t exactly know nothing. He’s not a complete idiot.
He’s a blowhard but he’s not a know-nothing.
On the lighter side of that video, Don Lemon hs no idea what Kevin is talking about. Hi-F’n-Larious.
This is a “banking system and asset ownership consolidation” effort.
The “regional banks” are in danger, but not “systemically important”, so they can be taken over and then sold off to the big boys, who will buy them with cash clicked into their “excess reserve” accounts at the Fed, by the same Fed. They will gain your deposits and also own your residential and commercial real estate mortgages. They will assume ownership of it and evict you from it when you lose your job or business and can’t make payments. When they finish deliberately destroying the economy.
We will wind up with 3 or 4 giant banks, against whom you have no recourse as a “customer”, assuming you have anything left to put there, should you be so inclined.
By the way, did you know that you, as a depositor in a bank, are an “unsecured creditor” of the bank, almost last in line to have your claims paid in a bankruptcy of the bank?
1. Bondholders
2. Equity
3. Riff raff
same transfer of wealth as what occurred 2008…all by design
Canada has 5 banks. Period. You either play as they require, or you don’t play at all. We are headed there.
Canadian banks are extremely solid. They have some of the highest risk mgt. requirements and toughest stress tests.
Canadian banks lend out their own money. They don’t use derivatives to raise money in the marketplace. TD and Bank of Montreal have capital ratios of 21%. According to the Bank if Canada, CDN banks are the best capitalized banks in the world. They also have the highest loan loss reserves.
Canada has tough banking regulations which limits the number of banks. Not one Cdn bank has ever failed.
The dividend paid out by the Bank of Nova Scotia is 6.27% today making it a solid long term investment. Taxes on CDN dividends are low as well.
Sparky,
All that sounds pretty good, until…
they freeze your account –bc you spoke your mind.
That extremely sound, well-managed bank can very effectively
ruin your life.
Impressive, particularly the part about not using derivatives to raise money. Thanks for the information.
Not almost last — dead last. Even the bank’s janitor will be paid before you. Their aim is to create enough discomfort so that you’ll abandon small and intermediate institutions in favor of those that are “too big to fail”, and they simply assume we’ll go with that. To thwart them do the oposite of what they expect: gradually draw out all deposits in the biggest banks and strengthen the local, state chartered institutions. Hold on to cash-in-hand, and use cash as much as you can. Deposit only enough to cover routine expenses that must be paid by check. They hate personal checks so be sure to use them in lieu of electronic transactions. Finally, when they try to eliminate their bank-owned fiat cash, get together locally and establish your own local scrip. They cannot stop you, nor can the feds prevent the establishment of private banks in states where they are permitted.
Lemonhead probably thinks the bank failure went down some black hole or something.
I was in the drive-up lane at a McDonald’s this morning. There were about four cars ahead of me and six more quickly lined up behind me.
After some delay, I finally reached the speaker to order. The male voice told me they could only take cash because “our system is down right now.”
I regularly use a debit card. I had to wait about 15 minutes for the cars ahead of me to clear. I could not back up as I was trapped in the line.
It immediately hit me when the “system is down,” and no cash can be used, you cannot buy anything.
You could not buy gasoline. You could not buy food. You could not pay rent. If you were traveling, you could not stay in a hotel. No cash means total control of your life by others you cannot see or even contact.
Changing money to digital-only is tyranny. Not only might the system be down accidentally, it could be “down” deliberately and only targeting YOUR TRANSACTIONS.
I just gotta know… why were you at McDonalds sitting in a line of cars? I’m glad you had a moment of clarity.
I wanna say nearly 100 million customers eat at McDonald’s in America every single day.
The dystopia The Handmaid’s Tale, despite its severe leftist leanings, illustrates this quite effectively when in the first few pages, all the females in the USA are suddenly debanked, before they are declared chattel. They put in their bank cards and nothing happens.
Wait until Brandon and henchmen mandate CBDC.
FDR paved the way with EO 6102 when he confiscated people’s gold then resold it for with a 70% markup.
My gold and silver were lost in a horrible boating accident along with all my guns and ammo.
Barnegat Bay now owns them all. How tragic
How will they help you if CBDC becomes law of the land?
I may have to start doing underwater salvage work. I bet I could outfit an army and get rich too!
Yes he threatened to fines or jail for those found to refuse to turn in their gold to the treasury when he nationalized gold ownership. I guess they could next nationalize the paper dollar as well that must be turned in for digital currency.
Canada’s Freeland announcing freezing bank accounts of wrong thinkers:
https://twitter.com/YALiberty/status/1493623383782834180/mediaViewer?currentTweet=1493623383782834180¤tTweetUser=YALiberty
However, this presupposes that “the global world community” will continue to feel itself obligated to care about, and to deal with, “the US banking system.” How many trillions or soon to be quadrillions of “US currency units” do you seriously expect to be able to “manufacture(!) with impunity” before rational humans say: “Rumpelstiltskin!”
Face it: “it’s just straw.” And they know it. The greater world community is not composed of lemmings.
Watch “From JFK to 911, Everything is a Rich Man’s Trick.
Everything Is a Rich Man’s Trick – Full Documentary – YouTube
This is happening a lot faster than they planned. President Trump bought us a couple years.
We will have to Fight for our future.
WOLVERINES!
In view of the national debt ranked up in our names, the Treasury is the de facto bank and the independence of the federal reserve system is at best an illusion.
If you use The Constitution as you legal document you and I are not on the hook for any of this. These are funds owed by THE UNITED STATES’OF AMERICA corp. The civil rights act of 1866 started the process for to remove your Constitutional rights. You and I are now viewerd as chattel which this corp has pledged us as collateral on this debt. It was all done under the color of law. I don’t owe anything.
Here we go again….
Paul Klebnikov – Godfather Of The Kremlin, Boris Berezovsky And The Looting Of Russia (2000, Harcourt) : Free Download, Borrow, and Streaming : Internet Archive
I’m curious who will play the role of Boris Boris?
I am!
Me, too.
libs hate the truth
jp morgan will go down…..its in Gods plan….watch what happens in next few months
Wells Fargo ATMs will not dispense cash in my area. Had to use a rando in the Hilton hotel.
Wells Fargo ATM ok here (central Oregon). Interesting and possibly connected note: Since November, the social security deposit has been in my account and available anywhere from 2-4 days before the Wednesday it’s scheduled to be there.
I have been wondering since that started if that is Wells Fargo’s effort to have some positive PR. It also gave me the evidence that the banks who receive the massive cash inflows from the govt every month, HAVE that money for days before they are forced to pay it out. Nice cash-stash. Having the use of hundreds of millions of dollars for 4-5 days every month, with no risk, is a handy tool for turning some extra profit. So….I don’t know why they’ve started dispensing it early into checking accounts….but they have. First time ever, in my experience.
FYI, I think this is what W.F. is up to. It’s called Early Pay Day.
https://www.wellsfargo.com/checking/early-pay-day/
I used USAA and I also noticed the SS check was deposited about 5 days early. The handlers being the occupant know there’s a banking crisis. Maybe they’re giving it to banks early as you say to use to invest to increase their losses. Yah. Something screwy about the early deposit which started in January/Feb.
I’m concerned about WF.
I’m a Wednesday deposit too! But Wells Fargo is NEVER EVER early in posting my SS. EVER.
Doest everyone receive their ss checks on either the 1st 2nd or 3rd Wednesday of the month?
JP Morgan is the governments bank. It’s not going anywhere
watch “The International”
This is one way how dictatorships are being “peacefully” formed today across the so called free West. From COVID to the Ukraine war to the failure of an ineptly managed SVB the power crazed “never let a crisis or other opportunity go to waste.” Meanwhile sleazy GOPe operatives like McConnell and others continue to support the sell out of the USA for personal again and they will attack anyone that tries to stop it–like President Trump.
The UK’s Brexit attempts to separate from the EU dictatorship were scuttled by PM Sunak’s signing of “The Windsor Framework” with the EU’s dominatrix Ursula von der Leyen on 27 Feb. 2023. It is a “specially arranged” post-Brexit sell out agreement that was inevitable when Brussels successfully leveraged “the Irish Question” (direct trade with EU outside Brexit) and then “subverted and hollowed out Brexit itself.”
Pm Sunak lost the initial leadership vote that included all party members and was propped up as leader by Conservative party hacks after the elected leader was driven out. Different attempts to subjugate the people of western countries that oppose the world government proponents are occurring in Hungary, Moldova etc as SD has noted. Trudeau is already fully on board with the WEF, digital currency and so on..
The old saying, “Old age and treachery will overcome youth and skill” seems to be true. Many of the youth today are too stupid to realize they are committing societal suicide.
We moved to Mexico in the summer of 1982 and the Mexican Government nationalized the Mexican Banks due to the devaluing pesos. Even money we had in a US dollar account was frozen and when finally was unfrozen had to be converted to pesos at the controlled rate.
This crisis could be the excuse that the Biden Administration has been waiting for to do the same…
“If the government can assume, control and backstop every single account balance within the bank, the government can assume and control all activity of the bank. “
——-
Indeed. A corollary of the old saw “A government big enough to give you everything you want is big enough to take everything you have.”
I would be all for the government issuing our currency and controlling the money supply of the American people were truly in charge of our government.
Isn’t it a pity the government isn’t issuing the “money” now, as they are contracted to do under the constitution? The Fedreal Reserve is as “federal” as Fedreal Express. Federal Reserve Notes are private bank IOU’s. Not real money.
Who “contracted” them (the federal government of these united States) in the first place? Nobody. They just took the power because they wanted to install a bank in order to perform the true duties of a bank — mainly debase the currency in order to benefit those with large land and debt holdings. There’s a reason why Patrick Henry could smell a rat.
I think there is a lot of hyperbole in Kenin O’Leary’s assessments.
[1] O’Leary probably wishes he would get the same treatment from Yellen because he lost his shirt on FTX.
[2] The government is backstopping loses from all depositors who are most likely Biden’s and the Yellen’s constituents.
[3] These banks deserve to fail because they are really investments banks disguised as regional banks.
[4] I’d rather see FED money protect depositors then bailout these banks. Shut them all down and protect the depositors. I don’t see anything wrong in that. The real problem is the lack of enforcement. People have been enamored all too long over these Silicon Valley and their sizzle and no steak endeavors.
[5] O’Leary is part of the problem. Banking is a boring business, yet he has hyped it up with his show making VC’s look all cool and smart all the while they are dumbasses with their own and other people’s money.
The FED’s action is far from nationalizing the banks. And a CBDC would reduce the FRAUD that occurs and re-occurs like we are now witnessing. A CDBC bring TRANSPARANCY to the system. This is why there it is the subject to so much FUD.
A good number of the depositors are apparently Chinese companies. Still want the USA to bail them out?
So what. The FDIC limit of $250,000.00 but the FED decided to make all depositors whole. All companies have real people on payroll. At least those companies will be able to make payroll. How do you feel about that?
This wasnt fraud unless the aim was to crash the bank, it was risk management and laziness-failure to hedge bond portfolio with some crooked traders who won’t face scrutiny much less justice. This bank was holding US Treasurys not junk mortgage bonds And there is nothing positive about CDBC, you want to give more power to the unelected FED, who helped make this happen (interest rate increases years late and then too quickly ). No way
Wish somebody would calculate how much money is involved. SVB deposits in 2021 peaked at $198B, if 85%uninsured that would be $160 billion bailout to be spent right away now in 2023(don’t have current svb deposit numbers !) this exceeds $112 billion given to Ukraine over past year?
10k 2022 for svb financial group shows deposits $173billion x 85% uninsured would be $147 billion bailout. Is that what yellen approved?
How much was withdrawn at the last minute before the shutdown?
Reports are $42 billion.
And of course yellen would point out the taxpayer exposure will ultimately be reduced when bank assets., bonds, mortgages, loans are sold off albeit at discounted market value
The bank was said to host $209 billion in assets and $175.4 billion in deposits as of December 2022. Washington Mutual held around $307 billion in assets when it went down.
It’s not the first time. The issue is that we have absolutely irredeemably evil people ruling the country right now.
I’m sure it’s just a cohencidence that the Fed’s 90-day experiment with CBDC — which started supposedly in late-November, 2022 — and the bank failures the past 4 days …
I am guessing that my personal social credit score is for shit. Nevermind the 25years I volunteered my professional skills for my local city … or the 30 years I devoted to high school kids through Young Life. No … I would be considered an EXTREME right winggggger,
Welp, it’s been pretty obvious that the Uniparty is fighting to maintain the petrodollar as the reserve currency. That’s been slipping away from them recently, with losses in Afghanistan, Syria and upcoming in Ukraine, and the destruction of Nordstream, an act of war against Germany/France which own 1/2 of it. Now, China is brokering a rapprochement between Saudi and Iran. If SA trades apart from the petrodollar, the world shifts. That is to come.
The Uniparty has printed $30T over the last 20 years, and borrowed another $20B at least. Inflation is rampant as expected. Losing control globally, and unable to control knock-on effects of bad policy at home, they will resort to tyranny eventually, otherwise the people will end the Uniparty. It’s inevitable.
We are headed for hard times now . We’ll have to suffer for our sin of not recognizing a Uniparty was slowly enslaving us, while we piffled over little Ds and little Rs.
For now, Russia/Saudi Arabia/China/Iran and the other BRICS fight for us in defeating this evil globalist scourge. Who woulda thunk it? But we need them to win, if we are to eventually win at home. If they can cut off the head of the globalist snake abroad, we can follow up here at home, after hard times force us to do so. That effort can restore our Constitutional Republic, which Franklin saw as our challenge.
We are rich in resources. It shouldn’t be complicated to do this, but it won’t be easy, and we’ve gotten lazy.
Trains derailing, electric grid unstable due to renewables, air crews not meeting schedules so many flights cancelled, vaxxine harms mandated, plane crashes, total incompetence in the government, now banks failing…
Atlas Shrugged
Wait until the pass the “Freedom of Movement”Act!
Here’s my question. How can Biden, unilateraly decide to bail out the banks and change FDIC proceedures? Anyone?
Depression error rules allow the frb to do pretty much anything with executive and Treasury sign off
I saw article by Sheila Baer former head fdic which is posted at realclearpolitics.Com where I understood her to explain that they could discard the $250,000 limit by declaring “systemic risk” but she questions whether svb failure posed “systemic risk” and she suggests alternative temporary less dramatic fixes would have been more appropriate rather than covering 100% of un -insured deposits for the fat cat venture firms who are dem donors to Newsom Pelosi Biden
Sheila Bair “US sets dangerous precedent on Silicon Valley bank”
Seem God while you still can.
ALL of this is ordained anyway..
Think God has a grasp on CBDC’s
Seek God while you still can.
ALL of this is ordained anyway..
Think God has a grasp on CBDC’s
These charlatans had to try very hard to not add any dramatic response to what O’Leary said.
They desperately needed to quiet him.
I do not *buy* that they did not understand what he was saying.
This also happened when Charles Payne explained the situation to Dana Perino and what’s his name, over at Fox.
Perino kept interrupting to tell Charles Payne about her “single mom” story of a peasant who was being hurt by the bank collapse.
Of course, Perino knew (and probably had orders) to couch the discussion of, “Big Gov Saves the Single Mom”, rather than, “Biden Bails out Silicon Valley Fat Cats.”
Can’t stand Perino. She’s a total UniParty, Bush-worshipping fraud who sells out We the People everyday. The good news is I haven’t watched her or Fox for 2 1/2 years.
Saw this coming back in 08,,,surprised it took this long
It would’ve been here sooner if not for PDJT. At the time I figured ten years to destruction.
Wha wha whaaaaaat? What about the stress tests and whatnot? Didn’t we get rid of Barney Frank and his HIV- infected brain farts?
Saw this on a Reddit email that snuck thru. I loathe Reddit but decided to let the emails continue. Its pointless to comment on there most of you like me will be down voted into oblivion like me. I think that’s how it works. This little headline got 13k upvotes which actually makes me look forward to the hard times ahead so that I can punch people like this poster in the face.
President Biden: “Investors in the banks will not be protected. They knowingly took a risk, and when the risk didn’t pay off, investors lose their money. That’s how capitalism works.”
Not sure if this is referring to stockholders? Thought it might just be a dopamine hit sent out to placate the Normies. Sounds like Mr. O’leary thinks so too. Ok so if you own stock in any financial institute you better GTFO Now! I do not own any but I certainly would be moving quickly if I did.
Maybe I am misunderstanding something?? If not there might not be a depositor run but everyone that owns any bank stock or any stock affiliated with banks should probably be packing up and getting out of Dodge.
Nope….just listened to Kevin again. I am not misunderstanding this; seems crazy.
Yes, ‘investors’ = ‘stockholders’. Tail end charlie, usually, when things go sideways.
will/does this affect big brokerages like Vanguard?
Time to put some cash under the mattress.
Big deal for Depression survivors. I didn’t see it with my own eyes but my cousin told me my uncle had nearly 100 grand sewn into his mattress. Inside, not underneath. Imagine no one knowing that and tossing the old mattress out.
Gold? Toilet tank. When thieves burglarized my CA home, they totally missed the cash in the freezer, stored in frozen food containers. They looked though since they drank some juice from the fridge. I also had about 100 bucks in quarters stored in old 35mm film containers. They missed that too.
Be creative. 🙂
👍 👍 👍
Patrick Boyle never disappoints me with his explanations of financial systems and matters. Today, he posted this video about the SVB failure.
Hey, lets make sure everyone has borrow from the Government to buy houses and cars. Here comes the good citizen scores in order to borrow money. It really doesn’t look like we will even make it to 2024 as a Republic. This is going to get real ugly for all of us in a big hurry.
They bailed out SVB depositors because more than 90 per cent of them are BIG Democrat donors.
The Last National Bank in your little town will not get the same treatment.
Create the crisis and offer the solution.
Solari Report always has good ideas on how to slow the rot spreading through our financial system.
They have an interesting article proposing a State owned bank.
It’s pitched to the State Legislators of Tennessee, but I think it’s a good idea everywhere: State banks outside of Federal control sound appealing.
https://sovereigntennessee.solari.com/why-a-sovereign-state-bank-is-good-for-tennessee/
All pretty good destruction for 2 years. Imagine with a little effort what they can do in the next 18 months.
As Biden said today, “Your money is safe in the banks,” you can be sure the truth is exactly the opposite.
Smart people do not believe it. Wall Street halted trading today on 30 different bank stocks as investors threw in the towel on banks. Some banks saw trading halts in their stocks more than once today.
U.S. taxpayers need to claw back our money!!!
You meant to say “socialized” the banking system. We’re all “Democratic Socialists” now. Because Biden has protected our “Democracy” or something. He protected our “innovation” class. Because the government creates stuff … right?
Joe protected his donors. And if you aren’t one of them … you might as well live in East Palestine, OH … with the other cisgendered white MAGA hillbillies. Right? Now shut up and eat your chemically tainted bug stew.