BANK FAILS SHAKE UP THE BIDEN ECONOMY – The second largest banking failure in U.S history occurred on March 10, 2023 when the favored bank of Tech start up venture capitalists went bankrupt. Silicon Valley Bank went bankrupt after a bank run precipitated by the selling off of bank stocks by the leadership of the bank, along with news that it had lost billions of dollars selling now nearly-worthless 10-year treasury bonds it had invested the bulk of its deposits in.
This led to a bank run, which began on Wednesday prior, culminating in long lines outside the physical location of the bank by depositors wanting to get their money out a sinking ship. This failure was followed by the third largest banking failure in U.S. history, the closing of Signature Bank, a bank that had once banned the account of former President Donald J. Trump. The question is whether the bank fails have stopped or only getting started.
BIDEN CREATES NEW LAW DECLARING DEPOSITORS TO BE PROTECTED IN RECENT BANK FAILS – President Joe Biden recently revealed in a statement to the nation that offered no press opportunities for questioning that his administration would protect the deposits of everyone entangled in the recent bank failures of Signature and Silicon Valley Banks. Defying rule of law, he declared that depositors with even more than $250,000 deposited (the legal Federal limit on bank deposit protections) will get all of their money back. While he pledged this would not be a bailout that would reward the leaders of the banks that failed, he made no mention of how the government could get back the millions in bonuses and stock sell-offs the leaders of these banks have already made. He also pledges somehow U.S. Taxpayers won’t be on the hook for this bailout that is not a bailout.
BIDEN’S BANKING BLOWUP BAILOUT CULTIVATING UNSECURED BANKING PRACTICES – After President Joe Biden announced plans for the federal government to back up bank deposits over $250,000 in the risk-seeking bank Silicon Valley Bank, experts are pointing out that such a move will only cultivate higher risks both from banks and the depositors that choose them. Knowing the loss will be covered by the Federal government, the depositor will see no reason to not bank with one of these high-risk, high-reward-promise banks, which will lead to the proliferation of more unstable practices in the banking industry as a whole.
A research fellow in economics for The Heritage Foundation, St. Onge, said of Biden’s move, “If the administration gets away with this, then we are going to start moving into a world where bankers, where Wall Street, feels like they can take any risk they like, because this is all going to get bailed out because you’ve got these human shield.”
More importantly, those who flourish under such a corrupt system will be directly beholden to the Democratic Party, whose stranglehold on power through mass mailer elections must be maintained in order for these corrupt “capitalists (CINOS, Capitalists in Name Only) to continue to exploit such a dangerous marketplace.
ARE THE BANK COLLAPSES AN OP TO SIEZE CONTROL OF AND POLITICIZE AMERICA’S FINANCIAL INSTITUTIONS – A segment on Tucker Carlson asks the question, “What does the Federal Government hope to get out of [the bailout]?” Tucker posits the DNC-controlled Feds gain two things, one is an opportunity to inject more DNC-engineered anti-American woketarianism into the system and two is an opportunity to consolidate regional banks into the larger banks, making it easier for a few bankers to enforce DNC law on Americans than it is for the DNC to control many bankers, some of which might reject their hostile assault on the American republic. Tucker said, “Remember that after 2008, the Obama administration, Eric Holder swooped in and imposed DEI, diversity, equity and inclusion standards on the entire financial sector, and that’s one of the main reasons our big banks are now increasingly incompetent and one of reasons Americans are so divided by race. Ideologues who used the 2008 bank bailout to kill American meritocracy, that’s a big step, mostly unacknowledged, but we are living with its consequences. So, you have to ask yourself, what are they going to do this time?”
DNC SENATOR LOOKS TO BIG TECH TO PROTECT THE PARTY FROM “MISINFORMATION” ON BANKING COLLAPSE – Senator Mark Kelly (D-AZ) asked government officials from the Federal Reserve, Treasury, and FDIC (Federal Deposit and Insurance Corporation) if they had a plan to censor information that might counter whatever narrative the DNC wants pushed in relation to Biden’s banking blowup. He was exposed by Republican congressmembers who were on the call, with U.S. Representative Thomas Massie (R-KY) saying “On our conference call, led by [Senate President Chuck] Schumer, with Fed, FDIC, and Treasury, a democrat senator asked the three agencies if there was a program underway on social media to censor information that would lead to a bank run.”
Senator Mark Kelly denied the claims, saying he was only asking about “foreign adversaries” spreading misinformation and protecting against that. But remember, this is a party that calls loving the Constitution a dog whistle for white supremacism. To them, Americans ARE the foreigners, as manifest in the Twitter files that exposed the scare tactic of foreign misinformation spreading to ban American citizens from social media platforms.