Did the bank run in Silicon Valley, California raise concerns with anyone?

[Daniela1982]

Sloppy Joe said to not worry about banks closing because we were all covered for losses. There was talk of bailing out the bank, but at the cost of people on food stamps getting less each month. In other words, the poor bailing out the rich. Or is this just an orchestrated bid at moving ahead the plan of having a cashless society? I freaked out when I went to my bank and it was closed. But when I got back home I found out I had just failed to turn up my clock in the car and the bank was just closed for the day.

[Exterminatore]

I think it might be a move towards a cashless society and a one world order with all this globalism these people keep talking about, and then lie about the definition of the word, defining it as the interconnectivity of international markets and trade. When in reality it’s likely a move to make all the nations one.


Nobody can mess up this bad economically on accident.


At least since Biden took office we’ve had the highest inflation in a very long time and recent talk about hitting the debt ceiling.


Meanwhile $85 million was sent to Turkey and Syria for earthquake victims and a blank check to the Ukrainian.


Am I supposed to believe they don’t understand basic economics in that the more we print the worse the inflation will get? I am I supposed to believe they don’t know that we’re not in a position to help other countries because we’re going to economically implode ourselves?


No. I know they know better. The money to the Ukraine is one thing, but the $85 million to Turkey and Syria are complete and total BS. Very bad move.


I’m at the point where I can’t say this is just bad economics or a mistake. It has to be on purpose. What does giving money to everyone and everyone have to to with international trade and markets? Like Syria, Turkey, and the Ukraine are major components in the international economic cog. The U. S. must be brought low for a one world order to be established. I think all this may well be part of the process with intent to make it seem as if it’s just an unfortunate economic disaster, but in reality it’s intentionally manufactured.

[Exterminatore]

I would further add that there is an obvious attempt at social engineering in making all the peoples one. Apparently most of Europe and the US have no interest in national sovereignty. They both import as many foreigners as possible.

Then there is multiculturalism. The attempt to erase individual cultures and ways of life and turn all the peoples of the world into one homogenous blob.

There are the verbal attacks on nationalism in favor of globalism.

Not to mention the outright attacks on religion. Christian privilege? Please.

All of this must be done if there is to be a one world economic, religious and leader of all governments.

[Surely]

@Exterminatore. I believe that I remember Obama saying that if he couldn’t bring the third world countries up to the US standard. He would take us down to the third world country’s standard.
I wonder who might still be in charge?

[Exterminatore]

I am unaware of him saying that but it certainly seems to be the intent. It seems there are those that intend to undermine the country and destroy it from within.

[Daniela1982]

Things will never get better with Biden in control. Maybe when he screws of enough that one world leader will show up with his answers to all the problems, and that is why all will receive him.

[Exterminatore]

@daniela

That was kinda where I was going with this also. There need to be problems to solve for someone to give answers to that all will accept him.

[monorprise]

FDIC insurance has always taken away the main reason for banks to be responsible with money.

That said banking that engages in fractional reserve lending while selling itself to customers as a safety deposit box is very dishonest.

FDIC insurance was created 100 years ago by politicians to put the tax payer on the hook for keeping theses bank's safety deposit box promises, while contenting to use said money for their own investment.

Basically individualized gains at collectivize risk, naturally this collectivized risk drove even more banks to take more risks with such money leading to greater losses and ultimately the imposition of collective external "regulator" control.

Thus effectively turning the entire FDIC banking sector evermore into a single Goverment run bank.

That insurance however was originally only suppose to cover accounts up to $200. What Joe Biden has done was secure all account regardless of amount thus effectively giving all the millionaires and billionaires of silicon valley insurance benefits they never had any pretests of paying for at everyone else's expense.

[Leopard23]

Same old story. Because they know the government will use tax payer money to bail them out and no one will go to jail they have an incentive to keep doing this. Its like if you kept blowing all your money on parties, drink and strippers and somebody kept giving you money whe you run out well you aren't going to stop.

[exitseven]

I was really concerned about these so called ESG investments. I heard about this about a year ago and ended up sending an email to my financial guy to find out if his organization participated in this lunacy. Fortunately they do not believe in investing in companies that lose money. There are a lot of banks that really go in for investing in solar panels. I thought that Obama already showed that this is an really bad investment. I think this is just the tip of the iceberg.

[Alex8736]

the top brass sold all their shares as an insider trading before making the announcement

[Daniela1982]

I would not doubt that for one milli-second.

[Alex8736]

remember Enron and Bear Stearns in 2008. 🤯

[msc545]

Yes. Sick and tired of hearing about it actually.

[Daniela1982]

It won't be the last, and will probably be a lot more to hear.

[matchrestore]

It's a slightly serendipitous that I had invested in a 13 week treasury bill shortly before the run on the banks, but I'm not too worried about it.

[jshm2]

So you're saying Lehman Brothers and others banks crashing is a myth? Are you fully retarded?

[Daniela1982]

Seems no one learned from the crash in 2008 when people bought homes and it made them upside down and they lost them. Banks were bailed out, and many people in real estate went broke. Rising interest rates keep most people from buying or selling a house because they can't afford to replace them with a new one.

[Mangospacho]

I did some research on the bank and saw how diverse the Silicon Valley bank executives are and I cashed out all my retirement funds to invest it in a Silicon Valley checking account - that’s how diverse they are.

[genericname85]

that's the only thing sleepy joe can say. he knows "faith" is all that keeps this currency together. if people lose faith, the dollar fails.

[Daniela1982]

Faith can't make a rainbow out of our national economy. If we don't stop helping other countries out we will be going down the tubes ourself. Fix ourselves and then worry about others.

[genericname85]

"fixing yourself" won't fix the fact that the us dollar and therefore the entire US economy isn't held up by any value other than faith. like the dollar not backed by gold or anything that's real. just faith. that's all. if people stop trusting the dollar, the dollar is gonna collapse. that's litterally how fragile it is.

[Likes2drive]

Not really, since California is like a separate country from the USA it seems but they’ll just get bailed out like last time with taxpayer money

[Daniela1982]

Everybody gets bailed out except the poor.

[Likes2drive]

Yeah I know, they never bailed out any peoples homes that were being foreclosed

[Exterminatore]

@daniela

Exactly right. Rich cooperations get bailed out with taxes, and what return does the American taxpayer see? Almost nothing ever.

[OddBeMe]

Yeah, but I like how the banking industry are bailing themselves out this time. Their cabal, which has always existed…tossed in a 30bn lifeline. So not sure what will happen. But as far as precedent, I’m liking how it’s going.

[gorydetails]

Biden said all was fine, so that’s good enough for me.

[Daniela1982]

Those must be your gory details I presume.

[Guardian45]

HAHAHA! And I thought I was way early to arrive at work!

[Massageman]

I don't deal in silicon.

[Daniela1982]

So you never used silicone caulk/window sealant before?

[Massageman]

Silicone, when I need to, yes.
Silicon Valley, no.