SVB's Chinese depositors will get their money back as part of U.S. intervention plan

Silicon Valley Bank and Signature Bank failed last Friday and Sunday, respectively.

(Can't anyone in government stop this NOW)

By Ben Whedon

Updated: March 17, 2023 - 4:17pm

Treasury Secretary Janet Yellen confirmed this week that Chinese depositors with Silicon Valley Bank will have their deposits fully insured as part of the government's intervention in the bank's collapse.

Testifying before the Senate Finance Committee, Yellen fielded questions from Oklahoma Republican Sen. James Lankford, who asked whether banks is Oklahoma would pay fees to help remunerate SVB's Chinese investors.

"Uninsured investors will be made whole in that bank," Yellen confirmed, per the Washington Times. "I suppose that could include foreign depositors, but I don’t believe there’s any legal basis to discriminate among [the] uninsured."

Silicon Valley Bank and Signature Bank failed last Friday and Sunday, respectively. The industry volatility has spelled trouble for other financial institutions, such as First Republic, which received a rescue plan of $30 billion from other banks. Across the ocean, major firms such as Credit Suisse have struggled to cope with the turmoil.

The administration's plan involves using the Federal Deposit Insurance Corporation (FDIC) to insure SVB's depositors beyond the normal threshold of $250,000 and to guarantee their entire deposits.

As the existing FDIC reserve appears to fall short of the necessary amount to guarantee the bank's completely, the insurer will levy a special assessment on banks to make up the difference. Yellen has promised that taxpayers will not bear the financial burden of the plan, though Lankford appeared skeptical of that declaration.

"I’m sure my bankers are going to be very excited to know they are no longer paying taxes and their banks no longer pay taxes," he told the Treasury secretary. "All banks make their revenue off of rates and fees and such to their account holders, which means every Oklahoman will pay higher fees in their community banks."

SVB had $13.9 billion in foreign deposits, much of which came from Chinese startups, per the Times.

https://justthenews.com/world/asia/svbs-chinese-depositors-will-get-their-money-back-part-us-intervention-plan

(This brings up a important Question, can ==China be intentionally trying to take the economy down with destroying the banks and they get all their money back?– Is this a strategy?)

European officials accuse United States of 'utter incompetence' with bank bailout

The federal government took over two failed U.S. banks in the past eight days, providing enough money to cover customers' deposits.

By Charlotte Hazard

Updated: March 17, 2023 - 3:17pm

European officials are reportedly outraged by U.S. government officials' decision to take over Silicon Valley Bank that failed last week – accusing them of "incompetence."

European financial officials say theUnited States violated its own rules, particularly the Federal Deposit Insurance Corp. covering all deposits, despite guaranteeing individual deposits only up to $250,000, according to The Financial Times.

The FDIC worked with the Treasury Department and the Federal Reserve to secure deposits at Silicon, which failed March 10, then at Signature Bank, which failed Sunday.

After the collapse of the banks, European financial markets reportedly had their worst week this year, in which Credit Suisse also needed financial help to avoid a crisis.

(Also this week, a group of financial institutions in the U.S. agreed to deposit $30 billion in First Republic Bank to avert a collapse.)

An unnamed senior eurozone official said U.S. officials have acted with "total and utter incompetence" and hinted thatthey were hypocritessince America has pledge to end bank bailouts, The Times also reports.

Regulation expert Nicolas Veron at the Peterson Institute, called the U.S. efforts in the past roughly eight days "very questionable."

"From a financial stability perspective,they really killed a fly with a sledgehammer," he said.

Another European regulator said everyday American citizens would pay for U.S. regulators' decisions with taxes, also according to The Times.

"At the end of the day, this is a bailout paid for by the ordinary people and it’s abailout of the rich venture capitalists which is really wrong," he said.

https://justthenews.com/politics-policy/finance/european-officials-accuse-united-states-utter-incompetence-bank-bailouts

PN>>18525630 YouTube restores Trump's account

I printed out the comments, it was 83 pages of comments. It said 12,000 approved but then 3.6K views, I know the comments are a lot. Only a couple at the end that were negative

17 Mar, 2023 20:46

US and its ‘horrible’ leaders are greatest threat to Western civilization – Trump

The country has ‘never been closer’ to nuclear war, the former president said in a video, urging a ceasefire in Ukraine

Former US president Donald Trump slammed “globalists” and the American neoconservative establishment in a video posted to his social media accounts on Thursday, declaring that the US and “some of the horrible, USA-hating people that represent us” are the “greatest threat to Western civilization today.”

“These globalists want to squander all of America’s strength, blood and treasure, chasing monsters and phantoms overseas while keeping us distracted from the havoc they’re creating right here at home,” the 2024 presidential candidate explained.

These forces are doing more damage to America than Russia and China could ever have dreamed.

#AGENDA47: President Trump on the difference between the globalist establishment class, and those who are truly committed to stopping the Ukraine war and dismantling the entire neo-con nation-building industrial complex in Washington."We need PEACE without delay!" pic.twitter.com/eLdMQ1WfTM

— Trump War Room (@TrumpWarRoom) March 16, 2023

Trump warned that the Biden administration had brought the world closer to the brink of nuclear catastrophe than ever before by pouring money and weapons into Ukraine. “Every day this proxy battle continues, we risk global war,” he insisted, arguing that a “total cessation of hostilities” should be the “central issue” for the nation.

The next order of business under a second Trump presidency would be a complete overhaul of theState Department, Pentagon, intelligence services, and other key agenciesto “fire the Deep Staters and put America first” – followed by “fundamentally reevaluating NATO’s purpose and NATO’s mission.” Trump has long argued for European countries to shoulder more of the costs and responsibilities associated with the military bloc and recently described the Ukraine conflict as a “vital concern for Europe, but not for the United States.”

Trump reassured his supporters that he was ready to dismantle “the entire globalist neocon establishment that is perpetually dragging us into endless wars pretending to fight for freedom and democracy abroad while they turn us into a third world country, and a third world dictatorship, here at home.”

While the 45th president did not name any of the globalists or neocons who have placed highly on his enemies list since taking office in 2016, he insisted that he alone knew “exactly what to do to get the job done.”

Trump is polling neck to neck for the Republican nomination with Florida Governor Ron DeSantis, who has not yet officially declared his 2024 candidacy. DeSantis recently told Fox News host Tucker Carlson that supporting the Ukrainian military was not a “vital interest” of the US. Other presumed Republican candidates, including former UN envoy Nikki Haley and former national security adviser John Bolton, have embraced the Biden administration’s bottomless aid to Kiev.

https://www.rt.com/news/573162-trump-neocons-globalists-danger-civilization/

17 Mar, 2023 20:57

Pentagon launches experimental space laser

The device transmits solar energy back down to Earth in electromagnetic waves

The US Naval Research Laboratory launched a laser power beaming device into space on Wednesday. Though the technology is still in its infancy, proponents say it could one dayfuel extraterrestrial colonies, or alleviate energy shortages on earth.

The Space Wireless Energy Laser Link (SWELL) blasted off for the International Space Station aboard a SpaceX Cargo Dragon spacecraft on Wednesday, according to statements from the US Navy and Space Force.

The launch was carried out by SpaceX on behalf ofNASA and the Department of Defense, with the Dragon vehicle carrying seven other experimental devices to the space station for the Pentagon.

In development since last year, the SWELL delivers energy harvested from space-based solar panels to earth in the form of electromagnetic waves. As no mass is transported, power delivery is almost instant.

Similar devices are currently being designed by private companies, although the technology has not yet been tested in space.

“This is the next step in extending this capability for space, lunar, and planetary applications,” SWELL Program Manager Chris DePuma said in a statement. DePuma predicted that the technology could one day be a “critical enabler” of powered settlements on the moon and elsewhere.

“Power beaming might also be used for distributing power for and around Earth, including from satellites that collect solar energy in space,” he added.

Power beaming is not without its limitations, however. At present, a single laser beaming device can transmit 1-10 milliwatts of power, according to a 2021 report by Forbes. The average onshore wind turbine, by contrast, has a capacity of 2.5-3mw.

Larger microwave beaming systems could theoretically transmit more than a gigawatt of power to Earth-based receivers. Although this would be enough to power a large city, the system would have to be mounted to a satellite located 35,000 (21,747 miles) kilometers out in space, making repairs virtually impossible.

Nevertheless, without our planet’s atmosphere, inclement weather, and day and night cycles, it is estimated that space-based solar arrays could generate 40 times as much power as those on Earth.

The US is not the only world power interested in technology. China is currently preparing to test a beaming device of its own in the coming years, and aims to have a space-based power plant up and running by the 2030s.

https://www.rt.com/news/573163-pentagon-launches-space-laser/

17 Mar, 2023 18:14 (Anons you want to get pissed off, read this.)

Kiev issues warning to countries that don’t support Ukraine

Countries that “mistreated Ukraine” will be held accountable, says Foreign Minister Dmitry Kuleba

Ukraine will remember those who backed it in its conflict with Russia and will hold those who did not accountable, Ukrainian Foreign Minister Dmitry Kuleba warned in a BBC interview on Friday.

The choices every nation made during Russia’s military operation in Ukraine will be “taken into account in building future relations,” Kuleba said, adding thatcountries that have “misbehaved in the course of this war and mistreated Ukraine” would pay a price. (These people have an overblown sense of importance and their future relations mean nothing, because you will never be remembered or acknowledged when this sham money laundering take down is over…fuck off)

“If anyone in the world thinks that the way this or that country behaved – or treated Ukraine at the darkest moment of its history – will not be taken into account in building future relations, these people just don’t know how diplomacy works,” he stated, noting that “war is a time when you have to make a choice. And every choice has been recorded.”

The minister alsoblasted the West for not giving Ukraine weapons fast enough, pointing out that every day weapons are not delivered is a day some Ukrainian soldiers die on the frontline.

Russia responded to Kuleba’s statement by noting that everything he said had already long been understood by Ukrainian citizens, which is why they are fleeing even from the Ukrainian Foreign Ministry.

Russian Foreign Ministry spokeswoman Maria Zakharova wrote in a Telegram post that whileKuleba was “trying to clumsily intimidate the world community,” he was simultaneously publishing announcements on his ministry’s website, searching for “anyone who could represent the Kiev regime at the ambassador level abroad.”

“Even though there is a foreign currency salary, it seems there is no one to be found,” Zakharova said.

Meanwhile, Russia has pointed out that more and more UN member states are beginning to question the true nature of the conflict between Moscow and Kiev as they grow more skeptical of the West’s calls for peace in Ukraine.

“Very quickly it has become obvious that it’s not Russia and Ukraine that are fighting in Ukraine right now. It’s a NATO proxy war against Russia with the hands of the Ukrainians, until the last Ukrainian,” Dmitry Polyansky, the deputy head of Moscow’s mission to the UN, said last week.

https://www.rt.com/russia/573147-kuleba-ukraine-support-warning/

>>18526530

Absolutely what I thought, I heard that experiments have been done and if they fuck it up they can blow things up.

>>18526528

They will have accidents where citizens die, but since NASA are all Satanists, they've have a lot of "accidents"

>>18526473

that made me laugh after a second….Kek, man

>>18526575

Oh I've got to check them

>>18526575 some comments, really funny

"Countries that “mistreated Ukraine” will be held accountable, says Foreign Minister Dmitry Kuleba"

• Pathetic litttle Ukraine issuing warnings to countries that don't support it. What a JOKE !

• Kuleba needs a swift kick in the nut sack.

• The words of that 4 y/o fat little boy nobody wants to play with in the kindergarten.

• Ummmmmm, I'm more concerned aboutstepping on a stone fish than the wrath of Ukraine(nearest stone fish is 4000km away from me)

•Kuleba is the result of a Wet dream

• I've noticed as more of the real story about the U-Karen is getting out the number of those flags is decreasing where I live. Still not 100% gone but down enough that it is noticeable. Now if we could only get rid of the JT's old school Nasty from the U-Karen granddaughter from office in Canada.

• No normal country wants to have any relations with THIS ukraine. When denazified and demilitarized - then, yes.

• The whole world is laughing in Ukraine's face. It won't even be a country 6 months from now. You morons who put that yellow and blue flag out can now use it to clean up after your dog or cat.

• Who would want to build future relations with nazis anyway?

• 😂😂😂 "these people just don’t know how diplomacy works".

• I agree. Every living soul agrees.

•Is Ukraine still a country or a beggars land

•Why do so many Ukrainian ministers look like kiddy fiddlers?

•A mob boss threatening terror – and he means it.

• Man I thought Lil-Z was delusional but he doesn't hold a candle to ForeignMinister Dumbitry Kookoobasa. Just what does he think the U-Karen is? The more U-Karen politicians talk the more I think about those yappy little dogs barking at anything and everything but too afraid to do anything but bark.

• And where are those allegedly interested to have any relations with the failed state at all? How will Ukraine enforce their threats after the war is lost and Ukraine exists only as a flag on the map? If this had not such a bloody results, it would be good material for Hollywood comics or sitcom. The real Ukraine will be no more needed for such production. Who cares?

• Ukraine is a classic example of "Duped to death" by the US. Being hung out dry isn't a nice feeling, is it?

• Ukraine doesn't know what diplomacy is otherwise this would have never started.

The United Nations Sec Ukraine doesn't know what diplomacy is otherwise this would have never started.

The United Nations Security Council has refused to give floor to the ombudswoman of the Donetsk People’s Republic (DPR) during a meeting on the humanitarian situation in Ukraine. Now that is western diplomacy