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!!!
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.