The corporate owned and controlled media has failed to mention that banks keep very little of their customers deposits in cash and that a run will take down any bank unless the government chooses to intervene. The Federal Reserve's unconscionable repeated increases in the interest rate paid by banks is what spooked people at Silicon Vall…
The corporate owned and controlled media has failed to mention that banks keep very little of their customers deposits in cash and that a run will take down any bank unless the government chooses to intervene. The Federal Reserve's unconscionable repeated increases in the interest rate paid by banks is what spooked people at Silicon Valley Bank and led to a run by depositors and the collapse of the bank.
Most of the depositors were small startups with millions on deposit to pay their workforce. These businesses with 40 or more employees on average will not recover with the FDIC paying them $250,000. Our skilled engineers will be filing for unemployment and the entire region will suffer thanks to the Federal Reserve - not that they give a damn.
The Federal Reserve is one more tool of the elites to loot the wealth of workers in addition to the regressive taxes already being levied by federal, state, and local authorities. This is the same Keynsian strategy that Churchill used to loot the people of India during World War II to pay for Britains war costs and which led to the Bengal famine of 1943, during which several million men, women, and children starved to death. But they were not white people so it was not a concern according to Churchill. Much the same attitude prevails with the elites of the United States.
Psychopaths are not racist, they hate everyone equally. The Federal reserve is destroying the American economy in my opinion, in order to get a right wing regressive in office.
The corporate owned and controlled media has failed to mention that banks keep very little of their customers deposits in cash and that a run will take down any bank unless the government chooses to intervene. The Federal Reserve's unconscionable repeated increases in the interest rate paid by banks is what spooked people at Silicon Valley Bank and led to a run by depositors and the collapse of the bank.
Most of the depositors were small startups with millions on deposit to pay their workforce. These businesses with 40 or more employees on average will not recover with the FDIC paying them $250,000. Our skilled engineers will be filing for unemployment and the entire region will suffer thanks to the Federal Reserve - not that they give a damn.
The Federal Reserve is one more tool of the elites to loot the wealth of workers in addition to the regressive taxes already being levied by federal, state, and local authorities. This is the same Keynsian strategy that Churchill used to loot the people of India during World War II to pay for Britains war costs and which led to the Bengal famine of 1943, during which several million men, women, and children starved to death. But they were not white people so it was not a concern according to Churchill. Much the same attitude prevails with the elites of the United States.
Psychopaths are not racist, they hate everyone equally. The Federal reserve is destroying the American economy in my opinion, in order to get a right wing regressive in office.