The Cover-up Begins

Paul Craig Roberts

The disinformation service, Bloomberg, takes the lead. Bloomberg points its finger at Donald Trump and “Trump era deregulation.” In Bloomberg’s rewriting of history, Trump is responsible because he signed a bill passed by Democrats and Republicans that allowed mid-sized banks to “skirt some of the strictest post-financial crisis regulations.” So, where was the federal reserve? Where were the bank regulators? Bloomberg doesn’t say.

Presidents don’t write financial legislation. Financial legislation that the Federal Reserve and the SEC don’t approve doesn’t get passed. A third world immigrant-invader, Ro Khanna, who somehow represents in Congress Silicon Valley says: “Congress must come together to reverse the deregulation policies that were put in place under Trump.”

What utter total bullshit.

Silicon Valley Bank failed because in 1999 the Clinton regime signed the repeal of the Glass-Steagall act and because the Dodd-Frank Act allows failing banks to seize the deposits of depositors in order to have a bail-in instead of a bail-out. The foolish legislation causes depositors to withdraw their deposits on any sign of bank trouble.

The utterly mindless Dodd-Frank Act set up the mechanism for modern-day bank runs. If you have more money on deposit than the $250,000 insured amount, Dodd-Frank allows the bank to bail itself out by seizing your deposits. Many companies and corporations have payroll deposits in excess of $250,000. If deposits are seized, business can’t pay their workers or their bills. Thus Dodd-Frank is an excellent way of initiating bank runs and collapsing businesses and employment and city and state tax revenues.

But don’t expect Bloomberg to ever tell you any truth. I have never read a correct report on Bloomberg.

Silicon Valley Bank got in trouble because the Federal Reserve raised interest rates and reduced the value of the bank’s bond portfolio which made the bank insolvent. Large depositors, seeing their money at risk, quickly withdrew it. Silicon Valley Bank had to sell its depreciating bond portfolio, thus depreciating its value more, to meet withdrawals, thus driving down the value of its bonds, with the consequence that the bank’s liabilities exceeded its assets leaving the bank bankrupt.

The Democratic Party is an anti-American political party. It does not represent anything envisioned by our Founding Fathers. It has no respect for a rule of law, the US Constitution, truth, and White Americans, who are racist and domestic terrorists by definition.

Trump was a challenge to Democrat woke hegemony. Consequently, everything wrong in America is blamed on Trump by Democrats and presstitutes.

The crazed woke politics that Democrats, presstitutes, and universities have inflicted on America precludes intelligence analysis. Everything that would save existing society from failure is dismissed as “white supremacy.”

Apparently, banks themselves are affected by this ideology. They hired not competence but diversity in support of the rainbow. If the Federal Reserve also has this problem, there is no hope of avoiding financial collapse.

https://www.paulcraigroberts.org/2023/03/14/the-cover-up-begins/

>>18506284

OUTRAGEOUS: Silicon Valley Bank Provided Massive Amounts of Capital to Chinese Tech Ventures – Now Biden FDIC and Federal Reverse Are Bailing It Out – Clearly Biden Is Working for China

The Silicon Valley Bank has served as a huge bridge to China and Chinese tech engineers. Is this why the corrupt Biden Gang is bailing it out?

Just this morning the US House reported that they have the goods on the Bidens’ corrupt and criminal actions with China. The Bidens are in bed with the corrupt China regime and the House has the evidence. The Bidens were receiving money from the CCP.

https://www.thegatewaypundit.com/2023/03/outrageous-silicon-valley-bank-provided-massive-amounts-of-capital-to-chinese-tech-ventures-biden-fdic-and-federal-reverse-are-bailing-it-out-clearly-biden-is-working-for-china/

.@RobertKennedyJr

tells @jimmy_dore

that Dr. Anthony Fauci has been in charge of developing bioweapons for the Pentagon since 2002, and in 2014, three viruses escaped from US labs, so he moved his bioweapons research to the Wuhan lab:

"They took the money that Cheney gave them [from the Patriot Act], $2.2 billion, and they funneled it through NIH, and it all went through Anthony Fauci. So beginning in 2002, Anthony Fauci got a 68% raise from the Pentagon for doing bioweapons development, and he got a raise of billions of dollars a year, and then he started doing all of this gain-of-function.

In 2014, three of those bugs escaped in high-profile escapes from different labs in the US. Congress held hearings on it. Everybody was angry, and 300 top scientists sent letters to Obama saying you got to shut down Fauci because he is going to create a pandemic.

So, Obama ordered a moratorium, and at that time, Fauci had eighteen different gain-of-function experiments he was doing around the US. He instead moved his stuff offshore to Wuhan, where he could do it out of sight of these 300 scientists and nosy White House officials who were trying to shut him down.

And he continued to do it with the same people he was funding here, Ralph Baric and Peter Dazak, and they moved their operation to the Wuhan lab."

US Federal Reserve just gave swiss bank 10 Billion us dollars

to prop up failing credit swiss so us taxpayers are BAAL ing out

credit suisse

>>18506377

>Bill Ackman

received a BAAL OUT of his positions at SVB to make Ackman whole

>>18506377

Mr. Wonderful from Shark Tank received a BAAL OUT to make the msnbc actor whole

>>18506432

https://twitter.com/KanekoaTheGreat/status/1635453313377533952

Israeli Banks Transferred $1 Billion Out of SVB Before Collapse

According to a report by the Times of Israel, the country’s two largest banks were able to transfer $1 billion out of Silicon Valley Bank to accounts in Israel before it was seized by the feds.

Silicon Valley Bank (SVB), the 16th largest bank in the United States at the time of its failure late last week, collapsed after a run on deposits and was placed into the receivership of the Federal Deposit Insurance Corporation (FDIC).

The bank’s collapse represented the second biggest bank failure in U.S. history, with the FDIC being forced to guarantee 100 per cent of both insured and uninsured customer deposits.

While the collapse of SVB took many by surprise, financial authorities in Israel were apparently ahead of the curve.

“Israel’s two largest banks, Bank Leumi and Bank Hapoalim, set up a situation room that has been operating around the clock to help firms transfer their money from SVB — before it was seized — to accounts in Israel,” reports the Times of Israel.

“Over the past few days, teams at LeumiTech, the high-tech banking arm of Bank Leumi, have been able to help their Israeli clients transfer about $1 billion to Israel, the bank said.”

While many companies in the U.S. were not able to withdraw funds before the bank’s failure, Ha’aretz reports that “a good many Israeli companies had been able to get their money out in time, but that it was clearly not the case for everyone” and that “companies whose deposits are now locked will seek to conceal this, concerned that any rumors might drive away customers, suppliers and employees.”

With Israel already receiving $10 million a day via U.S. taxpayers, it remains unclear if the FDIC will be returning any money to Israeli companies that was previously held with SVB.

“While the fund going to the depositors is paid into by U.S. banks, it is ultimately backstopped by the Treasury Department — and therefore U.S. taxpayers,” reported the Washington Post.

As we highlighted yesterday, Signature Bank in New York was also shut down by regulators on Sunday, with some observers noting that it was the same bank to close down Donald Trump’s accounts following the incident at the Capitol on January 6, 2021.

https://www.infowars.com/posts/israeli-banks-transferred-1-billion-out-of-svb-before-collapse/