And the US regulators have a lot to answer to. They incentivized SVB’s reckless behavior by deeming many bonds “low-risk” and eliminated reserve requirements during Covid, ensuring SVB had little cash to pay depositors. Of course, government will point the blame elsewhere.
https://www.zerohedge.com/markets/silicon-valley-bank-followed-exactly-what-regulation-recommended
This from a former Reuters reporter:
There is no climate crisis, just like there was no Covid crisis and there is no “systemic racism”. The commonality in all three of these is that they are ginned-up “crises” designed to give tyrannical leftist governments complete power over the people and to destroy our country, capitalism and liberal (in a good way) democracies everywhere…nothing more. It is up to the majority of Americans to fight back against these and the inevitable next “crisis” that the Federal government and Marxist Democrats invent to gain total control.
This is among the worst corruption in US history:
https://hotair.com/david-strom/2023/02/10/most-important-point-of-the-twitter-hearing-n529493
The collusion with media and Big Tech is unprecedented and the corruption in DC has never been worse. The single best thing that has happened to the country in the last year was Musk’s takeover of Twitter.
Every class of institution is corrupt and lies to you: government, higher academia, media, tech, medicine, education. The dishonesty and brazen lying has never been this great, at least in my lifetime. Sex (gender) is fluid, men can have babies, abortion is health care, man is destroying the planet, climate change is causing severe storms, The Covid vaccine is safe and effective, government spending lowers inflation, and on and on and on and on. This is just a small sample. Every one of these previous statements can either be easily disproven or at worst are weak hypotheses. Everything everywhere seems a lie. Wake up. Read, research, question everything and assume nothing, and more than anything, rely on your own observations and empirical evidence. The Federal government is the biggest liar of all.
https://pjmedia.com/news-and-politics/david-solway-2/2022/12/12/people-of-the-lie-n1652934
Want more proof:
https://hotair.com/david-strom/2022/12/16/my-name-is-your-doctor-you-are-sick-prepare-to-die-n518274
Have you ever noticed, when a Republican president is charged with nominating a new Supreme Court justice the conversation usually revolves around resume, record and judicial gravitas? But when a Marxist, er Democrat is in the same position the discussion is solely on race and a person’s chromosomes? Such is the pathetic state of our government that the next justice is likely to be another lip-strumming moron like Sonya Sotomayor, picked only for her skin color and sex. That Biden will only nominate a black woman is an insult to every qualified judge out there, especially blacks and women. We have become an Idiocracy thanks to radical Democrats.
Recall that this mess we now find the country in started with a “two-week lockdown to flatten the curve”. It led to endless lockdowns, mask requirement, remote learning and work, vaccine passports and mandate. It will stop when we throw out the Marxist Democrats and make it stop.
https://www.americanthinker.com/articles/2022/01/turning_the_tables_on_our_tyrants.html
Money quote from Taibbi: “Dick Cheney did more to destroy democracy in ten minutes than Donald Trump did in four years”. Now, Dick Cheney is living up to his first name by gutlessly teaming up with the far-left Democrats to sensationalize 1/6. Both writers recognize the tyrannical behavior of the Democrat Party and the deep state.
Two great articles:
https://www.zerohedge.com/political/taibbi-tale-two-authoritarians
https://greenwald.substack.com/p/the-histrionics-and-melodrama-around
There are those, largely on the left, who believe government is benevolent and must be brought to bear to reign in the excesses of the free market. The trouble, just like absolute power big government corrupts everything it touches. Look no further than the cozy relationship between Wall Street mega-firms and DC. The financial services industry is probably the most highly regulated in the country. Regulatory capture has led to a symbiotic relationship where a handful of very large firms routinely commit fraud or violate laws making hundreds of millions in profit while unsuspecting clients get left holding the bag. If caught the perps usually negotiate a fine while the individuals involved skate from any criminal charges. Once in a while the regulators throw the book at some unpreferred firm, usually a smaller company or a foreign institution, but Goldman Sacks will never get punished. There is a two-way flow of people between Wall Street and DC. In the end the mega-firms and the corrupt DC Feds both get rich. Here is one such example with Citigroup and the Feds, where a courageous judge said “no” to the settlement negotiated by the parties, only to be overturned on appeal:
https://www.zerohedge.com/political/taibbi-meet-jed-rakoff-judge-who-exposed-rigged-game
The US government is probably the most corrupt institution in the country. Trump tried to change this and we see what it brought. Any big business that DC gets its tentacles into becomes corrupted. We are seeing this now sadly in healthcare, where government controls the purse strings to such an extent that hospitals are mindlessly following idiotic and dangerous government Covid protocols that are literally killing their clients….patients. This will stop when enough people make it stop. All of this is the very definition of crony capitalism, something leftists and Democrats purport to hate….they don’t.
truthfreedomprosperity 