If SVB failed because of their investment in US government bonds, how many other banks are at risk? Just how much in unrealized losses are there in the books of banks that made similar investments? Is this situation a direct outgrowth of the Dodd-Frank Act?
The current blame game going on about the SVB collapse is a diversion. The media has jumped on board to provide a smokescreen so that the public will not see then obvious culprits here. We are hearing about Trump, greed by the companies involved, bad law, lax regulators, etc. None of this comes close to hitting the target. Biden and his handlers are to blame.
Silicon Valley Bank was closed by bank regulators on Friday. In an unusual move the closure took place during the business day and not after the markets had closed. Its failure was the second largest in US history and the largest since the financial crisis of 2008. On Sunday Signature Bank was closed as well.
As we recently saw last week, the UK is rationing tomatoes among other fresh vegetables. Perishables like tomatoes, potatoes, cucumbers, cauliflower, peppers and broccoli have been restricted to just two or three per customer in many stores.
In his weekly monologue Neil Oliver takes this issue and overlays the surplus of lies that has created it. Neil Oliver generally has exceptional insight and points out what should be obvious.
In just one day, massive fires broke out at three different facilities, two in Mexico and one in the United States that are controlled by the state-owned Mexican oil company, Pemex.
The fires broke out at the Pemex crude oil storage facility in Veracruz, Mexico, in Maya unit (285,000-barrel-a-day) Minatitlan refinery in Veracruz, and in Deer Creek, Texas.
The tone-deaf, and hateful Joy Behar blames the people in East Palestine for the disaster that has befallen them because they voted for Trump. The 2020 election saw 70% of the voters in that county voting for PDJT.
Joy Behar says the residents of East Palestine got what they deserved because they voted for Trump:
"That's who you voted for!" pic.twitter.com/Xrbxyunnrv
— Citizen Free Press (@CitizenFreePres) February 23, 2023
There is no understanding here other than it must be Trump’s fault. That is what this show is all about. None of these people have even deigned to look at the NTSB report.
Two major supermarket chains in the UK (Asda & Morrisons) have announced rationing of certain food items. Perishables like tomatoes, potatoes, cucumbers, cauliflower, peppers and broccoli have been restricted to just two or three per customer in a host of stores. This is a direct result of the economic policies imposed on western countries by the “Build Back Better” crowd in Davos, Switzerland.
One of the latest talking points from our overlords are those pushing everyone to digital money. Such money would be convenient, easy to use, etc. Dr. Tom Woods has done a short piece on this and its dangers.
Facebook parent Meta Platforms Inc (META.O) has delayed finalizing the budgets of multiple teams as it prepares a fresh round of job cuts, the Financial Times reported on Saturday. More than 11,000 jobs had been axed back in November. That happened at the same time as Amazon and Microsoft announced the elimination of thousands of jobs.
I guess this is the job that Biden said on Tuesday that he wants to finish. That being the destruction of the US economy.
Understanding the core, the central element of globalism, is the key to understanding the process going on where governments and corporations have merged to end capitalism as it has always been defined. This is where the phrase “trillions at stake” takes on an understanding and context that clarifies just what the elites have been doing to the common folk for a long time.