Malevolence Disguised as Ineptitude

Another MANufactured crisis. Thanks Capitol.

There is a run on the banks. Trading for multiple banks has been suspended. Well *insert bad word here*. Did anyone else go to the bank Friday to withdraw cash? I did. But not enough to make me feel better.

Patrick Henningsen @21WIRE

3, 2, 1, and... BOOM. Trading just halted for multiple U.S. bank stocks at open. W Alliance Bancorp down 75% First Rep. Bank down 66% Customers Bancorp down 54% PacWest down 46% Zions Bancorp down 44% Bank Hawaii down 42% Comerica down 39% EW Bancorp down 32% #SVBCollapse

According to Home Depot founder Bernie Marcus regarding SVB, "I can't wait for Biden to get on the speech again and talk about how great the economy is and how it's moving forward and getting stronger by the day. And this is an indication that whatever he says is not true. And maybe the American people will finally wake up and understand that we're living in very tough times, that, in fact, that a recession may have already started. Who knows? But it doesn't look good," Marcus argued, Saturday. "I feel bad for all of these people that lost all their money in this woke bank. You know, it was more distressing to hear that the bank officials sold off their stock before this happened. It's depressing to me. Who knows whether the Justice Department would go after them? They're a woke company, so I guess not. And they'll probably get away with it," he said to host Neil Cavuto.

"Somebody with a sane head has to come in and understand that you can't do two things. Number one, you can't keep raising rates. You can't keep inflation as strong as it is. And you can't tax people more than they are.[Biden's] proposal to tax the middle class and the rich is about as dumb as I've heard it a long time. In a recession like this, you don't do things like that."

Billionaire investor Bill Ackman wrote a lengthy analysis of the Silicon Valley Bank failure on Saturday, arguing that the U.S. government needs to protect all of the bank's depositors.

The financial expert says that the government needs to take action by Monday to avoid an economic meltdown.

I am not an expert. As a matter of fact, I go by intuition a lot of the time. But, I see the possible scenario of biden’s crappy administration and that little unqualified troll Yellen, stating the the government is the savior by declaring they are insuring the deposits with 100% CBDC. How perfect would that be to usher in the age of the digital dollar? The collapse of SVB in the heart of Tech valley and Signature Bank in NY is just too perfect.

From the Epoch Times:

“U.S. regulators on Sunday announced they were intervening to close Signature Bank, marking the second U.S. bank to fail days apart and the third-largest bank failure in U.S. history. The bank has been placed into receivership under the Fed’s emergency lending authority, the Federal Deposit Insurance Corporation (FDIC).

According to a December 2022 securities filing, N.Y.-based Signature Bank held more than $110 billion in assets and some of the biggest stakes among banks in the nation in the cryptocurrency industry.” (Emphasis mine)

So, with these tech havens and their customers in a bind, do we think they could be the first to embrace a bailout with CBDC? I think they would. They are on the cutting edge of tech and it would just be another app on their phone. You betcha. It could all just be conjecture and nonsense on my part. But, I think it could very well happen.

And…with the Panic in The Markets TODAY, and the anniversary of the Covid Emergency three years ago TODAY, it makes me wonder what is with March 13th? Powerful and wonderful things happen on this day, just ask my mama. And…I just got 2 tornado warnings on my phone. It’s gonna be a great day. ♥