Silicon Valley Bank Meltdown

[EndtheMadnessNow]

Just adding on to the dumpster fire...

Woke silicon bank be broke...


The Street


This is only one piece of the SVB/Silvergate unraveling, but a multi-billion dollar institution selling for 1 pound gives you a searing appreciation of how little value crypto has to real people in the financial world.

Super-rich outstrip their extraordinary grab of half of all new wealth in past decade.

Billionaire fortunes are increasing by $2.7 billion a day even as at least 1.7 billion workers now live in countries where inflation is outpacing wages.

A tax of up to 5 percent on the world’s multi-millionaires and billionaires could raise $1.7 trillion a year, enough to lift 2 billion people out of poverty.

The richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today. During the past decade, the richest 1 percent had captured around half of all new wealth.

“Survival of the Richest” is published on the opening day of the World Economic Forum in Davos, Switzerland. Elites are gathering in the Swiss ski resort as extreme wealth and extreme poverty have increased simultaneously for the first time in 25 years.

“While ordinary people are making daily sacrifices on essentials like food, the super-rich have outdone even their wildest dreams. Just two years in, this decade is shaping up to be the best yet for billionaires —a roaring ‘20s boom for the world’s richest,” said Gabriela Bucher, Executive Director of Oxfam International.

“Taxing the super-rich and big corporations is the door out of today’s overlapping crises. It’s time we demolish the convenient myth that tax cuts for the richest result in their wealth somehow ‘trickling down’ to everyone else. Forty years of tax cuts for the super-rich have shown that a rising tide doesn’t lift all ships —just the superyachts.”

Billionaires have seen extraordinary increases in their wealth. During the pandemic and cost-of-living crisis years since 2020, $26 trillion (63 percent) of all new wealth was captured by the richest 1 percent, while $16 trillion (37 percent) went to the rest of the world put together. A billionaire gained roughly $1.7 million for every $1 of new global wealth earned by a person in the bottom 90 percent. Billionaire fortunes have increased by $2.7 billion a day. This comes on top of a decade of historic gains —the number and wealth of billionaires having doubled over the last ten years.

Billionaire wealth surged in 2022 with rapidly rising food and energy profits.
...

The billionaire class is $2.6 trillion richer than before the pandemic, even if billionaire fortunes slightly fell in 2022 after their record-smashing peak in 2021. The world’s richest are now seeing their wealth climb again.

In the US, the UK and Australia, studies have found that 54 percent, 59 percent and 60 percent of inflation, respectively, was driven by increased corporate profits. In Spain, the CCOO (one of the country’s largest trade unions) found that corporate profits are responsible for 83.4 percent of price increases during the first quarter of 2022.

The World Bank announced that the world has almost certainly lost its goal of ending extreme poverty by 2030 and that “global progress in reducing extreme poverty has grind[ed] to a halt” amid what the Bank says was likely to be the largest increase in global inequality and the largest setback in global poverty since WW2. The World Bank defines extreme poverty as living on less than $2.15 per day.

Elon Musk paid a “true tax rate” of just 3.27 percent from 2014 to 2018, according to ProPublica.

Richest 1% bag nearly twice as much wealth as the rest of the world put together over the past two years

"All new wealth worth 42 trillion created since 2020" - I think the scam was & is so large people can’t even comprehend it, which is why some get so furious at people trying to point it out. People lose their minds over a few billion in fraud & understand what’s going on, but 42 trillion?!?




The Lucifer Bank of International Settlements hologram reality only works because some believe in it, that is 6 times the size of the entire world’s GDP.


BIS


The window of acceptable opinions and actions must be kept extremely small in order to prevent the extremely large extent of the fraudulent reality from being viewed.


Newsweek



Decade After Crisis, a $600 Trillion Market Remains Murky to Regulators



Reuters | EuroMoney

"80 Trillion hidden" - I'm really starting to believe alot more of Joseph P. Farrell's thesis & books on the "hidden secret system of finance" that goes back to circa WWII era with stolen loot, namely gold to include...

Deep State
Satellite Surveillance
Space Force
Mind Control
Missing Trillions
Digital Currencies
Secret System of Finance
Banksters
Weather warfare capitalism
UFO Secrecy
FASB 56 - secret federal money for secret armies in infinite amount.




Super crook & former Rep. Barney Frank (D-MA) endorsed changes to his own Dodd-Frank law in 2018 that freed mid-sized banks from undergoing stress tests. He sits on Signature Bank's board, which just collapsed.



WaPo (archived)


On the SVB fallout: "Members of Congress briefed by Treasury officials on Sunday evening told SEMAFOR that they had been warned additional banks could be in a similar position, but backing up deposits would hopefully stabilize the situation."

Throughout 2022 we were hammered with the propaganda that China was about to collapse any moment! Meanwhile, 3 US banks have collapsed in last 72hrs.




1. Silvergate Bank, Calif (founded in 1988, entered the Crypto business in 2016)
2. Silicon Valley Bank, Calif (founded in 1983)
3. Signature Bank, NY (founded May 1, 2001)

I think IF an economic collapse comes, it will be their justification for acceptance of FedCoin (CBDC).

I think it's no coincidence that "economic warfare" and "psychological warfare" emerged out at the same time, they implicitly share the same theater, that is the soft-power domain, which occupies itself with "collective Desire" (i.e. "a Future").

What economy fulfills what Future?

The Hypocrisy Just Makes Me Cry (economist Michael Hudson interview)

Michael: Well the whole purpose of the war is economic, but it’s not economic just about Ukraine and the winners and losers of the United States and Europe.

President Biden has said this is a ten- or a twenty-year war, and it’s [a war] for what kind of economy [the world is] going to have.

Is it going to be a finance-based neoliberal rentier economy centered in the United States, with the United States controlling all of the monopoly rents: for oil, for raw materials, for technology, for computer information, for pharmaceuticals?

[Or, on the other hand,] will other countries have a chance to be independent?

Ukraine is just sort of the first joust in this long long war and [the war is] over the economy.

Everything that’s happening right now is just sort of a squiggle over the really big picture, which is how the world is going to be structured economically.
...
How on earth can we explain how Americans or anyone else make a mistake about viewing the future? We can’t explain the logic behind their mistake. There is no particular logic behind it. The fact is, they didn’t care about Russia. This isn’t about Russia. They didn’t care whether Russia would recover.

I think they sat down in Washington, they [realized] that there’s no way that they can prevent what is happening now — [that is, prevent] the Russia-China-Iran-India axis from developing — and they’ve decided, What we’re going to do is a holding operation. [That is:] What can we hold? We can hold on to Europe.
The Hypocrisy Just Makes Me Cry (Michael Hudson)

Excerpt from an essay titled, "The Phenomenology of the Deep State"

For Disney or Blackrock, or any company for that matter, can only be relevant if they carve out a place in the Future —meaning they become a permanent signifier, i.e.: as long as they permanently reproduce the signifier, they “incarnate” the signified —because if you tear out the signified, the Future of the Deep State, they would cease to exist. Best example of this is Starbucks, whose model, and the innovation that Starbucks is championed for is creating an experience —the experience of having a “second home” in the coffeeshop —an experience, that in structure is no different than being in a theme park, i.e.: They sell you a way to reproduce the signified in yourself —ultimately what Starbucks is reproducing is a world where the experience of going into a coffee shop has a specific, symbolic meaning —and it has meaning in a specific world whose Future is that of the Deep State. Even better example is the US dollar, which is a signifier for everything that gives it meaning, and it's the signified, that which is all this for —as, the US dollar represents in its purest form the Deep State and its Future as a Commodity.

Because, as we can see with the example of Starbucks, what they sell as a Commodity is not the coffee, nor the experience, but the world, and by that, the Future in which that experience has a meaning —i.e.: the only commodity that is being produced is the Future itself (that of the Deep State).

The Phenomenology of the Deep State