He's not wrong. SVB's own mismanagement caused SVB's downfall. If 99% of your deposits are cryptobro money, you should diversify a quarter of it into pharmabro money. And so on. I understand they had 20 billion in losses due to holding long term bonds, they should have been shifting that away, and ringing up the White House the second it became an issue. This should have been a 20 billion dollar kitchen fire, not the whole regional banking 620 billion dollar neighborhood fire.
I think its interesting how they hung a shitty no name bank to dry and dangled it in front of us using leftie ''no bailouts" 2008 talking points and normie "get woke go broke" talking points. If the regime really wanted to protect something, we'd be getting the election 2020 treatment: people getting banned on twitter, "fact check" wikipedia links going up left and right, redditors stanning for SVB/distracting us as hard as possible, and the mainstream news wouldnt be concerned over it at all. CNN would be covering it up as hard as possible. I can look over r/Politics right now, search "svb" and find all these drooling morons crowing about the evils of Capitalism as we speak. We are allowed to make fun of SVB. This ain't it fam.
On a more techincal detail, I think we're seeing the risks of a cash-holding crypto bank in real time (they're very exposed to bank runs), and the long term results of printing money like theres no tomorrow are starting to affect bank's balance sheets. Interesting how the system twisted a crisis they themselves created (nonstop printing) into centralizing more money and power into their own banks (people are shifting their money away from small regional banks into the larger institutional ones).
It's well known that the same banks introduced black/other diversity political activists among the protestors to break them up. Come to think of it, this and Obama's 2nd term usage of racial activists was probably the birth of modern progressive politics: to bust Unions.
I think it's pretty obvious that Pfizer took out a hit on Project Veritas. Also, like that other guy said, the audience follows James O'Keefe the brand, not Project Veritas the organization. For a couple of reasons, that org is done if he leaves it.
Missing from this modern day mythology of black americans is temptation and corruption. Like a weasly white man offering usury to make life easier, or a black woman who begged her king to castrate his empire because she felt sad about something. It would be tolerable if it was a functional mythology.
Someone help me through the "Israel has a right to exist" argument. Don't all countries have a right to exist? Seems kind of seperate to the behavior of banks, media, academia, high schools, hollywood, social media, various american subsidiary nations, and credit cards. We know all of those are left leaning and pro Israel, but that doesn't actually diminish the argument itself. Is this another MLK "say its about character but always judge by color of skin" thing?
They're the biggest terrorists in the region, they scare the shit out of their Sunni neighbors, and they're a source for non American oil for China.
The funny thing is, pushing back Iran is what got Donald Trump his Middle East peace deal. Well, it would have gotten him Middle Eastern peace. So there are definitely benefits here.
A switch? There are better consoles out there my dude. And none of them are worth jail time.