A) that was a disciplinary action against his mortal body; rest assured, Moses is with God now
2) Acts 16:30-31
He then brought them out and asked, "Sirs, what must I do to be saved?" [31] They replied, "Believe in the Lord Jesus, and you will be saved-you and your household."
Lastly) John 3:16
For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life.
How Biden and the Fed Caused Silicon Valley Bank to Tank
Regulators took control of Silicon Valley Bank, the Santa Clara-based commercial lending giant that until earlier this week was the US’ 16th biggest bank, after a bank run. The calamity may have been startling, but wasn’t unpredictable, given the Fed’s aggressive policy on interest rates, says author and banking expert David Tawil.
“Let’s talk about the important story here, which is the fact that Silicon Valley Bank came under pressure because of something very elementary, and frankly not so much their fault,” Tawil told Sputnik on Friday.
SVB fell victim to the Federal Reserve’s policy of raising interest rates too high, too fast, according to the observer.
“What banks usually do is they take in deposits and they make loans. Most of the capital is usually held in some very safe instruments, like United States Treasury debt,” Tawil explained. Consequently, SVB bought as many of these very low yielding Treasuries as they could with the depositary funds they had on hand to at least slow if not stop the inflationary depreciation of the cash they had on hand.
“As we know, the Federal Reserve has hiked rates a lot and people are getting very concerned about interest rates going even higher. Therefore, those bonds, because they had such low yield to them, became worth less and less over time. Now, if a bank holds securities and the capital they have on hand because of those securities is worth less, the bank needs to come up with more money because they have constant testing and monitoring by the banking regulators of how much money, or how much cash and liquid securities they have on hand versus the deposits that they owe to depositors," the expert said.
"And unfortunately, they got to a point where the draw down on the value of those Treasury securities they held was so great that they needed to put up more and more money, which meant they needed to go ahead and sell those Treasuries at a loss, because interest rates are going higher."
This resulted in a spiraling crisis in which whatever cash SVB could get from Treasuries would be handed over to depositors, and the bank would need to sell off even more of the lower valued bonds to come up with the cash.
“At some point it got out, in this age of social media and easy communication that we live in, that things were getting somewhat fragile over at the bank, and all of a sudden, we have this big run on the bank where lots of depositors are scared to keep their money there because they don’t know how long the bank is going to be around for,” Tawil explained.
The observer reiterated that based off publicly available information, SVB’s failure wasn’t the result of it being poorly run, any sort of financial impropriety, or fraud.
Depositors simply “got the sense that the bank was on shaky grounds…and ran to withdraw their money, and the overwhelming demand for deposits put the bank under strain to the point where the bank regulator in California needed to go ahead and step in to take over the bank.”
Fed’s Wrecking Ball
SVB’s collapse is indicative of a couple things, Tawil says.
“First off with respect to Silicon Valley, it’s indicative of the slowdown there. I think in the wake of a low interest rate environment being over, easy money not being so easy anymore and these startups not getting capital so easily anymore, it means that there aren’t increasing deposits into Silicon Valley Bank. In other words, if there was more money coming in, they wouldn’t have had this problem. Unfortunately these venture capital-funded companies had to take money out. They’re firing employees, they’re shrinking, they’re obviously not doing as well as they were before, their investors aren’t investing as much money. Therefore there is a general slowdown going on in Silicon Valley, and frankly it’s going on all across the country,” he said.
“But on top of that there is another broader point to be made, which is thatthe Fed’s interest rate hikes are hurting investors that have invested previously in government securities that were yielding a lot less. That puts a strain on every bank. Every bank owns Treasuries; instead of having the money sitting in cash they want it to earn some form of return, butunfortunately it’s not earning as much of a return as if you’d put the money in to work today. Therefore, the Treasuries you bought six months ago or 12 months ago are worth less today. You’ve lost as a bank on that investment."
https://sputniknews.com/20230311/how-biden-and-the-fed-caused-silicon-valley-bank-to-tank-1108298080.html