BREAKING: Fed, FDIC Discussing Backstop to Make SVB Depositors Whole and Stem Contagion Fears - CNBC
The government and their useful idiot secretary of treasury Janet Yellen have just done an about face and are now telegraphing that they will be intervening yet again in “free” markets.
The contagion lurking beneath the SVB collapse, which includes crypto banks like Circle, FTX, and Silvergate Capital, will turn out to be far worse than the 2008 crisis; to wit:
It’s a publicly traded crime scene.… The media wants to make it a crypto story, but it’s not. This is a worldwide money laundering story through these two networks with a crypto wrapper.
So why would an illegitimate Federal government, its criminal agencies and the private central banksters at the Fed provide the optics of yet another (quasi) bailout of a bank that failed due in no small part to the very conditions that these central planners caused with their unhinged policies in the first place?
Bailing out SVB will be a drop in the bucket fiat-wise compared to the orgy of money printing that went down during the scamdemic.
Between banks and centralized crypto corporations simultaneously failing, the narrative options for collapse are more than sufficient.
There are many other banks like SVB that are in long-duration securities and have irresponsible and dangerous exposure to treasuries and other bonds. Short sellers started circling these institutions weeks ago, and more will pile in betting against these insolvent banks.
Here is how this may end up playing out:
The bailout is a headfake
When other banks start failing over the coming weeks the government apparatchiks like Yellen will claim that they did their best by backstopping SVB while the systemic contagion worsens all around
By bailing out SVB they are providing the requisite narrative to cover their asses when their masters pull plug on the entire global financial system
SBV may be used as the “Black Swan” excuse for their PSYOP-MARKET-CRASH, and they can once again claim that they did their utmost (e.g. “The banking system is contained” a la Ben Bernanke’s “Subprime is contained”), but in the end oops sorry the cascading bankruptcies and bank runs were too much for the government to handle
Pain and fear from frozen bank accounts, food insecurity, inflation, etc. is the perfect means of herding people into the social credit score system of CBDC’s, UBI, never-ending DEATHVAX™ boosters, climate lockdowns, 15 minute cities, etc. & etc.
This is all by design.
Meanwhile, depositors have already begun to panic:
Bonus: shilling certainly rhymes and repeats as the guy that assured his viewership muppets back in 2008 to keep all their money in Bear Sterns as it literally collapsed is at it once again:
Do NOT comply.
Maybe Zelensky can provide a bridge loan.
So....the taxpayers are going to bail out Oprah and Prince Harry....isn’t that nice of them.