Ethan Huff — Natural News March 15, 2023
If you think the banking collapse will end with Silicon Valley Bank (SVB), think again.
Contagion is already spreading as Americans are waking up to the fact that the American financial system is a fraudulent Ponzi scheme that will result in financial ruin for many – especially those whose lives and livelihoods depend on it the most.
“I don’t think we’re going back to where we were in 2008 necessarily, but these things aren’t one-offs,” said University of San Diego finance professor Dan Roccato about the situation.
“My suspicion is we’re going to see a few more of these things creep up.”
Roccato is technically right about things not going back to how they were in 2008. If anything, they will be much, much worse once all is said and done with the current banking crisis, which has only just begun.
Numerous other banks are already seeing their share prices crumble as depositors withdraw their cash and investors sell off their stocks in anticipation of more blood in the water.
New York’s Signature Bank, which collapsed not long after SVB, saw its share price plummet 23 percent before trading was halted as news of SVB’s demise broke. The share price of First Republic, the 16th largest bank in the United States, also crashed by 14.8 percent, followed by a 37.9 percent drop for competitor Pac West.
(Related: Are we witnessing the “controlled demolition” of the entire banking and financial sector in real time?)
The era of cheap cash has come to an end — now the pain begins
As for SVB, which has now become the Federal Deposit Insurance Corporation’s (FDIC) Deposit Insurance National Bank of Santa Clara, its stock price plummeted by 44 percent in premarket trading the day after 60 percent of its share value had already disappeared.
“Silicon Valley Bank’s monumental downfall is the second-largest bank collapse in U.S. history,” one report explained.
“Its demise on Friday, which has left customers fearful of losing deposits totaling tens of billions of dollars, is eclipsed only by the failure of Washington Mutual in 2008, which had assets of $307 billion when it went into receivership.”
While it is true that SVB is more of a niche bank than Washington Mutual ever was, its collapse is more of a canary in the coalmine type of situation. The U.S. economy at large has been struggling for quite a while now, and SVB appears to be among the first to fall.
There are likely many more bank failures soon to come, despite continued promises from the nation’s “leadership” that everything is just fine, and not to worry. If anything, this is the biggest red flag of all that there is a whole lot more misery to come.
Everything seemed fine in 2021 when SVB’s deposits roughly doubled. Interest rates were near-zero and it seemed like the money printers would never turn off – until they finally did, followed by interest rates steadily increasing. SVB continued to recklessly invest in treasury bonds during this time, which it now had to sell off at a massive loss.
“And while it had also heavily invested in U.S. treasury bonds, as many banks do, the rising interest rates meant SVB couldn’t cover its books when push came to shove this week,” reports explain.
“It saw SVB’s startup client base withdraw their accounts faster than expected to cover expenses, leading to a giant hole in the firm’s books.”
“On Wednesday, SVB revealed that in the face of a cash burn from dwindling deposits, it was forced to sell off its bond holdings at a $1.8 billion loss. The bank announced plans to seek $2 billion from investors to cover the shortfall.”
The America that many people knew and loved is long gone. To keep up with the latest, visit Collapse.news.
Sources for this article include:
The smart sanctions against Russia appear to have saved its economy from this ongoing financial nightmare bedeviling the West and its slave.
Once trust is overdrawn then things start to fall apart as is the case here despite the juju technical terms used to describe it which leave a lot of us at a loss. What we are seeing is people using their dollars as votes. They are voting out the trash from their vaunted positions of power as a political statement much more pronounced and swift than going to the court.
There are no positive returns from the Ukraine wealth incinerator except body-bags and loss of cheap gas. What will Germany worship now that its industries and its venerable Mark are gone? Where will the European bureaucrats get their money now that the German piggybank is dead?
People everywhere are waking up to the fact that they have been lied to on every issue that matters and their trust for all the institutions has hit rock bottom. Even the Vatican lies and even when they tell the truth still no one believes them. But blessings come in many disguises, as in the Russian case. Or the COVAX scam they tried to peddle on us to maim, sterilize and genocide us and make the survivors their walking antennas and memory banks. Doing all this and more besides by using our own tax dollar.
Since no venture started in fraud or the need to cheat does not succeed I believe our odious financial system is ready for punishment as it has overdrawn its trust account. What will replace it may be more harmonious with life and be beneficial for us all instead of squandering the life-giving power of money on life terminating activities of destruction and endless needless wars but what can we say of a financial system that is predicated on martial principles and death as means for generating revenues? We will never hear of Raytheon go belly-up despite producing exorbitant junk armaments. Is there a word about it in Congress? No wonder the meaning of congress is an assembly of baboons, inside trading baboons telling others ‘go eat ice-cream’.
We in the West have managed to piss off everybody on the planet if you exclude our good boys and good girl slaves. Against all odds we have even managed to push the polite Africans to snarl back at us, a stoic people who have always accepted our daylight robbery of their resources silently as just another brick in the building of humanity. So now we are stuck with ourselves and what we are seeing ain’t looking pretty. We shall never see again the goodwill people everywhere showered on us although we the people are innocent of the ceaseless meddling in the affairs of other people by those placed in power over us.
I commend the bravado of the CEO’s of these floundering banks of throwing parties and of awarding themselves bonuses shortly before the banks went down. Do you think they would have done this if they knew that no tax-payer’s dollar would go to bail them out? Or that no oil-spigot country would pay for scores of obsolete technology Boeing Dreamliners that they do not need? The new credo for capitalism seem to be ‘profit for the investors loss for all’ and we better get used to it at our detriment of we have to change the system.
I saw Yellen on a video yesterday trying to answer questions she had no answers for and she appeared exactly as how the AG of the US appeared when being quizzed by its employers in the Congress. She had no idea of what is going on, as if she were not aware of the jobs she was holding and promptly passed the questions as the responsibility of some obscure department but she had no answers. I could see the seed of realization in her eyes that she had been played by her own and like she made her mind to see to it afterwards. Those are the types of people who hold the levers of power that run our societies, empty suits and empty minds and care the least for the rest of humanity.
With one deft swipe the curtain has been pulled back and we the people, the owners of the dollar are seeing the despicable characters that are animating the world order. We see the liars in every niche of power and their lies trickle out to the four corners to mold our world into a faceless and merciless morass of corruption and filth. Not a single society is spared, not even among those who are proud to be known as religious and god fearing, for they too have fallen in their false piety. Nor those who like to be known as nations of law for they have been infiltrated by self-servings lying lawyers whose only duty is to obstruct justice. Hence it is up to us now who depend on our wits as our fierce morality compass to take charge and show the new generations being currently misled and who cannot tell the difference, we need to show them that it were not like this before. That life WAS worth living for and that non-compliance is a God-given right.
We can consign this monster wreck to the bin and create afresh.
Kim Iversen believes this is a deliberate attack on crypto, saying the US government wants to do in all crypto to leave the market open for their own, sole CBDC. She says part of the plan is also to finish off smaller banks to move all deposits into big banks where their digital currency control can be total. I’m sure the hackers will have fun with this and it will probed all day and all night. It’s as vulnerable af.
I still don’t think it will work as planned. It’s too much for any one system, trying to rule both macro- and micro-economics. It’s an unproven system that needs input from untold thousands of people, each doing their own little macro or micro bit, each with little concern for any other. And when a banking crisis hits it as it will, I think we may find that Too Big To Fail will soon become Too Big To Save.
It’s free week over at elliottwave.com. According to them, the recent peak in stocks was a grand supercycle top. 1929 was only a supercycle top, 2008 a cycle top. Fractals.
So that means the collapse is one magnitude larger than 1929.
On the front page of EWT, Prechter says USA survival at stake.
Certainly seems plausible to me.
If you want a visual, do an image search for south sea bubble collapse chart
https://duckduckgo.com/?q=south+sea+bubble+collapse+chart&t=ffab&iar=images&iax=images&ia=images
Isaac Newton is said to be one of the smartest people to have ever lived, he invented calculus, but lost everything in the South Sea Bubble:
https://www.shtfplan.com/wp-content/uploads/2017/02/south-sea-bubble.jpg
Likewise a whole bunch of wealthy smart people are losing their asses in the current crash.
But the crash has only started, as the wave expands downward, in a 1-2-3-4-5 pattern of the Supercycle Wave A.
You can also follow the waves here: https://danericselliottwaves.org/
https://danericselliottwaves.org/wp-content/uploads/2023/03/wlshdaily.png
Quote: ” … Contagion is already spreading as Americans are waking up to the fact that the American financial system is a fraudulent Ponzi scheme that will result in financial ruin for many …”
Nothing gets my blood boiling more than this kind of disgusting fear porn, no matter who is peddling it: mainstream Fake News, or as in this case, some self-proclaimed “alternative” news site.
These type of small banks failing are part of the natural economic landscape. Your average dumb sheeple is too uninformed and stupid to even remember a couple of years back, let alone 5 or 10 years. Remember when the world was supposed to come to an end, and “MASSIVE!!!” world financial collapse with the minor Greek recession and banking crisis circa 2014/2015? What happened to that? Did the world end? Was there any major financial crisis? LOL!
There have been countless banking failures, all of them contrived by the usual suspects to siphon money from investors, but also all have had little effect on the economy in general and on other banks. It’s the same in this instance: a month from now, no one will remember what SVB even stands for … just as your average moron has no idea what BCCI stands for, and how that bank’s failure was also supposed to cause a world financial meltdown! LOL!
So, life goes on. There will be no “contagion” or “domino effect” or anything of the sort. Fear pornographers are pretty much at the same level of the typical pornographer. Perhaps even worse: whereas the “regular” type of pornography leads to degeneracy and perversion, fear pornography leads to tremendous stress and anxiety for the unsuspecting and gullible dumb sheeple. But I suppose one can make a persuasive argument that if people are that gullible and stupid, then they deserve everything that comes their way.
Trader Gregory Mannarino says Janet Yellen is going to pump $2trillion into the banking system all while saying the financial system is sound. That’s two million million dollars, an amount that’s hard to imagine, but Greg says more money will be needed because the banking system is pretty much beyond saving.
Asian news corporation Firstpost (far better than out own MSM) says 160 US banks are in trouble, each holding over $5billion of “unrealised” or unsold bad debts.
https://www.youtube.com/watch?v=Vypt_5wnuAI
Here is another of Yellen playing little girl while hiding her witch claws:
http://stateofthenation.co/?p=160168
Another thing to notice about her and the AG is that that both speak in subdued undertones when answering straight questions, as if they detest hurting their listener’s ears or as if they are talking with children. This trick is often used by those thrifty with the truth.
JEWISH BANKING CARTELS PLANNING THEFT OF ALL BANK DEPOSITS – Harry Vox
Ohio, White Noise, and the Power of Words over Things – Truthstream Media
Boom! Silicon Valley Bank has Epstein Connection – Amazing Polly
CBDC SVB And The Jeffrey Epstein Connection by Greg Reese – EarthNewspaper.com
ALL 3 FAILED BANKS CONTAINED CRYPTO THREATS TO GLOBO CBDC – Remarque88
BOOTS ON THE GROUND – WE WENT TO EAST PALESTINE AND WHAT WE SAW WAS A NIGHTMARE – Wardo Rants
Atlantis: A Dangerous Myth? – PhilosophiCat
JEWISH BANKING CARTELS PLANNING THEFT OF ALL BANK DEPOSITS – Harry Vox + SillyCon Valley Banksters Have Epstein Connection – Amazing Polly + Ohio, White Noise & The Power of Words Over Things – Truthstream Media + EAST PALESTINE NIGHTMARE – Wardo Rants + Atlantis – PhilosophiCat
https://grizzom.blogspot.com/
SVB’s tragic debacle was the subject of an article in Lew Rockwell’s columns of 3/16. According to the article, SVB was connected to a hole in the wall fentanyl distribution “business” in Concord, NH. New Hampshire is supposedly THE fentanyl headquarters for the entire US and the bank run largely consisted of Mexican drug cartel withdrawals because word was out in clandestine circles that an investigation of this NH mom and pop business was imminent.
Find this Rockwell article and read it. You’ll be gasping soon after you start reading the article. It’s an absolute bomb. Of course, the parties in question may already have scrubbed the Internet and removed this nuclear blast.
People may find this link interesting.
https://youtu.be/X-BBQ9gHoFQ
So much for behind the headlines