Silicon Valley Bank is shut down by regulators in biggest bank failure since Global Financial Crisis
Is this shutdown a legit whitehat response to financial corruption that was uncovered or is it a blackhat effort to hide payments made to Silicon Valley for all their censorship work?
When our financial system starts to crumble, the FDIC does not have enough money to ensure all the banks. From what I read is they only have enough money to ensure 1% of all the bank deposits.
FDIC has $125 Billion in total.
https://www.fdic.gov/analysis/quarterly-banking-profile/fdic-quarterly/index.html
The FDIC insures over $10 trillion of deposits in U.S. banks.
https://20somethingfinance.com/fdic/
That equates to aprox 1%. If there is a collapse across all banking systems, 99% of the people will get screwed.
You have to wonder, are they shutting down specific banks first so the people at the top get their money out of the FDIC before the rest of us get screwed?
I have always believed this movie will not come to an end until the current financial system is destroyed. Ridding ourselves of the current money printers is crucial, the Federal Reserve. They are taxing us to death on money printed from thin air, sending our wealth back to the Rothchilds who then pay the globalists to enslave us.
We have heard lots of rumbling about a coming recession. I think it will be much worse than that. I have said in the past, the scare event could be people blocked from their money. If we go into a hyperinflationary event or there is a Dominoe collapse of all the banks, everyone will be awake at that point.
We have a lot of evidence coming out right now, how do you gain everyone's attention and say, "Hey look at this"? A financial collapse would certainly grab everyone attention, .....now lets show you the extent of the corruption.
Will SVB bank closure be the first Dominoe? Its coming but when?
Stay safe!!!
WWG1WGA!!!
A few rebuttals.. 97.5% of assets. They control the means of production. Do you think a trillionaire cares about losing a few billion in their bank to solidify power and control? Their assets are in gold/silver/real estate/production. If things get bad, people will work for food, thus still providing them with food and services. I think that covers all of your arguements.
See there's one VERY vital difference between what you're probably thinking of (Venezuela and the like) and the United States. Guns. We not only still have guns, but have more than any other point in history thanks to the past few years.
When people get desperate, they get violent before prostrating themselves. Look at every example of a complete disaster scenario in the past 100 years. The most recent would be all the Hurricanes in the Gulf where it's commonplace for people to rob each other at gun point, and rob the wealthy or people who weren't hit for basic necessities before they'll start prostrating themselves like peasants for a meager subsistence.
Going back even further, you have the Great Depression, which is the same era that bank robbers and bandits became commonplace. Again, because people get violent before anything else.
So no, people won't be "working for food" any time soon. They'll steal it and rob people before that happens.
Likewise, it does NOT cover all my arguments. I have YET to hear a single argument about how all of these cabal billionaire stooges will fund their own lifestyle and basic necessities if they lose their entire fortune.
"They buy real assets" isn't a valid argument. How will they buy food, water, etc. with ZERO cash? And it's not like Jeff Bezos or Mark Zuckerberg have any survival skills.
Besides, we all know the areas they live (affluent upper class gated communities) will be the first ones to get hit when the "food riots" happen. It already has. Look at when BLM was rioting and Hollywood "elite" suburbs were invaded and raided and they freaked out about it.
FUTHERMORE, I hate to break it to people, but the billionaires of the world DO NOT control the majority of real assets. That's the whole point of the great reset. They WANT TO but don't. If you look at pretty much "real asset" Class (Real Estate, Gold, Silver, Land, agricultural products/livestock, etc.), the overwhelming majority of them, percentage wise, is owned by private citizens.
The cabal's real wealth is held in the stock market. That's why it's so heavily manipulated. By manipulating stock prices behind closed doors, they can essentially "print money" for themselves with stupidly explosive returns. Ever wonder why tech companies have absurd growth levels (500%+ annually)?
It's because of all the string pulling behind the scenes to more or less generate capital for the cabal. So when the stock market falls, they fall too. That's why they've been desperately trying to cause a real estate crash before they stock market crash. So they could try and buy up as many real estate assets to replace their stock capital when it crashed and burned.
But things didn't work out like that. It's looking more and more like the stock market is going first, which means they'll all be screwed and have pretty much no capital to force their great reset to happen.
So no, not a single one of my points has been countered. They all still stand, but this is still good news, since it just means that the cabal and all their stooges are screwed. Normal people will probably be hit a bit, they're not going to lose everything like the billionaire cabal stooges.
well said kind sir. And what this bank collapse will do is allow other larger banks to sweep up the good assets for cheap. That's why we will see further defaults. They want it all.
I’m not going to dispute the points you made, they are pretty much valid. But I will point out that you are making an assumption that the failure of this bank = wipe out of every dime over the FDIC limit. This isn’t the case.
This is a failure on paper. Much like the “liquidity crisis” in the 08 financial meltdown. Though it differs in that government didn’t come in and force them to write down performing assets on their books like they did for no reason other than to create the problem in 2008.
People with FDIC coverage will get their money. Unless someone ran off with all of their deposits, they should still have them. Fractional reserve banking means that they have liabilities exceeding their assets. Failing means their liabilities grossly exceed their permitted leverage. But even if over leveraged, what they got is still worth something.
This is no different than a large corporate bankruptcy. Ya, some people might get a haircut. But overall, most will make it out with something substantial if not entirely whole.
Frankly, the excuses proffered in MSM about how their bonds were killed by Fed rate hikes smells iffy. Like iffy as in probably not why. But if this is true (it is theoretically possible) what better way to shed that liability than going into receivership?
I bet Warren Buffet lets FDIC part these guys out and he comes in to pick up the best pieces. Would be par for the course. I don’t think Warren has made a deal on its merits for 30+ years. Always crony capitalism. Same way he got the railroads and Wells Fargo. Not because he’s smart. Because he is on their team.
But if it is a company who bailed out of the market and dumped its assets into SVB and the companies (there were 37,4xx accounts over $250K with average balances of $4.5m each) lose all their cash expect many to fail...