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Musings about the origins and fallout of SVB (akin to FTX).
Hello tenters, something I’ve found odd recently is that in general major MSM outlets (cited below) appear to be writing headlines proposing that the banking crisis could be much more widespread – now, I don’t disagree with them however for parties that have been carrying ‘messaging’ water for TPTB (CB’s and globalist agenda setters, on so many fronts I will not name for brevity), I find it interesting that they are not the least bit hesitant to foment the crisis and fear among their readers (believers).
From the links below, no need to read but just notice the source of the story.com then the prevalence of two words in the url, contagion and regional and several with stories on JPM (on 3/13).
This, esp. in light of Yellen’s recent non-commitment to the congressman to treat regional bank depositors the same way they would major bank depositors leads me to believe that maybe, the objective is to cause $ flow out of regionals and into the majors. OK, ok so I may be grasping at a straw here but think also of how FedNow is being rolled out in July…. just speculation here but WHAT IF the Fed offered up FEDNOW to keep regional bank depositor’s ‘whole’ en-mass – ie – everyone including those beyond the $250k limit could be saved – voila mass adoption of the beginnings of CBDC. Think also that SVB account holders are by far mostly WOKE and contributed to those causes and wouldn’t it make sense that they’d all run their deposits to JPM and the big four in a possibly ‘coordinated’ mass exodus – think also Sam Bankman Fried’s FTX and their contributions. Notice all the JPM $ flow stories toward the bottom of the link list.
Sorry if this seems a stretch but I stopped believing in coincidences in 2016.
Contrasting thoughts are welcome.
‘Close to 190 banks could face Silicon Valley Bank’s fate, according to a new study’
‘The Silicon Valley Bank Contagion Is Just Beginning’
https://www.wired.com/story/silicon-valley-bank-collapse-fallout/
https://abcnews.go.com/US/wireStory/regional-bank-stocks-bounce-back-day-after-battered-97848709
https://news.yahoo.com/know-today-svb-fallout-regional-210313014.html
https://www.washingtonexaminer.com/policy/economy/contagion-regional-banks-distress-svb-collapse
https://www.cnn.com/2023/03/22/investing/elizabeth-warren-fed-banks/index.html
https://www.reuters.com/markets/europe/jp-morgan-becomes-worlds-most-systemic-bank-2021-11-23/
https://seekingalpha.com/article/4586818-jpmorgan-chase-stock-solid-rock
https://trades24h.com/news/stock/morgan-stock-price-supported-inflows-from-regional-banks-224495
WSJ headline (timestamped video – I’m not sub’d).
“Anxiety strikes $8Trill MBS market….”
“Never attribute to malice that which is adequately explained by stupidity”….Hanlon’s Razor. Watching these clowns at work, I’m left with the impression that they’re making it up as they go along. No one with skin in the game believes a word they say, I’m sure. It seems to me that whenever something breaks, as they say, Yellen or Powell will be there to tape it back together. The path of least resistance is the path they will follow – until it all falls apart. Think about it; they raised rates from .25 to 5, and they didn’t have a plan in place to deal with banks whose government bonds were worth considerably less because of those increases! These folks are the same quality as the folks running the war with Russia. They have grand schemes, but their past is decorated with participation ribbons.
It depends on what their true objective is. If they want to destroy the Western way of life and replace it with Schwab’s Agenda 2030, then most (but not all) of their stupidity is contrived.
The story below is precisely why I believe what’s unfolding is not managed by idiots, crash the system while having your ‘friends’ kept whole. FTX, SVB, more to come.
SVB’s Loans To ‘Insiders’ Exploded Ahead Of Its Collapse
https://www.zerohedge.com/markets/another-svb-chart-will-blow-your-fking-mind