By Milt Harris —— Bio and Archives--March 17, 2023
What’s in a word? Many times a lot and that was on clear display over the past weekend. Here are four to pick from, federalization, nationalization, bailout, or guarantee.
On Friday, Silicon Valley Bank’s stock price collapsed which essentially started a bank run, after the bank disclosed that it had lost $1.8 billion dollars on asset sales. For those of you that aren’t familiar with the term “bank run,” a run occurs when a large group of depositors withdraw their money from banks at the same time. Customers in bank runs typically withdraw money based on fears that the institution will become insolvent. With more people withdrawing money, banks will use up their cash reserves and can end up defaulting.
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By John on 2023 03 16
The camel has it's nose in the tent, the rest is sure to follow.
By FJB on 2023 03 16
Follow the money. Don't pay too much attention to this circus of a distraction but look closely at what the goal is. The real play is to end crypto. At least crypto in non-government controlled hands. Remember, the mob hates competition and will stop at nothing to eliminate it and that includes destroying you and me.
By Jerry Mander on 2023 03 16
Biden is a Punch and Judy show, he signs whatever's put in front of him, reads whatever script he's given. Don't you see how upset the people around him get when he ad libs? How they grab his coat sleeve and pull him away?
He didn't Federalize anything. He just takes the blame for what the Cabal does.
By News on the Net on 2023 03 17
From a CFP Reader: Bonnie J.
Or is he a puppet & doing whatever someone tells him to say or do?!
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