Are we in familiar territory again?
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If you are data driven, as is Robert Malone, here is his compilation of data and more data about the âŚwell, let us call it The Banking Crisis of 2023.
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Yes, with Biden at the helm, weâre headed for another Great Depression.
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Quote:
The primary concern of the people who ran the Silicon Valley Bank (SVB) â the bank that just went bust â was not banking. Nor was it making money for the bankâs shareholders or safeguarding the funds of its depositors.
Their primary concern was social activism â LGBTQIA+, DEI (Diversity, Equity, Inclusion), ESG (Environmental, Social, and Governance), and climate change.
In fact, for nine months â from April 2022 until only eight weeks ago â SVB in America didnât even have a chief risk officer (CRO). It did have a CRO for Europe, Africa, and the Middle East, but the woman entrusted with that role, Jay Ersapah, was apparently considerably more interested in left-wing activism than in risk assessment.
The Daily Mail reported that Ersapah â who identifies herself as a âqueer person of colorâ â "organized a host of LGBTQ initiatives including a month-long Pride campaign and implemented âsafe spaceâ catch-ups for staff. In a corporate video published just nine months ago, she said she âcould not be prouderâ to work for SVB serving âunderrepresented minoritiesâ."
"Professional network Outstanding listed Ersapah as a top 100 LGTBQ Future Leader.
âJay is a leading figure for the bankâs awareness activities, including being a panelist at the SVBâs Global Pride townhall to share her experiences as a lesbian of color, moderating SVBâs EMEA (Europe, Middle East, Africa) Pride townhall and was instrumental in ⌠supporting employees in sharing their experiences of coming out,â her bio on the Outstanding website states.
"It adds that she ⌠had authored numerous articles to promote LGBTQ awareness. These included âLesbian Visibility Dayâ and 'Trans Awareness Weekâ.â
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âA queer person of colorâ - yep, totally qualified for the job, Iâm sure! Itâs mind boggling that there are actually people who believe this garbage.
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âFollowing the biggest bank failure since the financial crisis of 2008, Moodyâs Investor Service has downgraded its rating of the U.S. banking system in the latest sign that President Bidenâs Monday morning attempt to assuage concerns went over like a lead balloon.â
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After the collapse of the Silicon Valley Bank (SVB):
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Americans are concerned their own bank may be at risk, and the D.C. swamp hopes Americans will pretend itâs not happening so nothing has to change in Washington.
But inflation doesnât just happen and interest rates didnât raise themselves. This is all a direct result of the trillions and trillions in extra spending that Congress pumped into our economy.
Americans would do well to direct their anger at Congress in order to drive positive change.
In 2023, Congress must finally kick its addiction to spending. The national debt is now north of $31 trillion, nearly $250,000 per American taxpayer. Congress needs to cut spending and enact sensible reforms to help our economy recover.
There is a real opportunity for change â Congress has run up against the debt ceiling, a crucial tool to protect Americans from uncontrolled spending in Washington. We must now use it to force Congress to make the right choices.
The American people should not sign off on any debt limit increase unless Congress caps spending at fiscal year 2022 levels and institutes programmatic cuts, reforms and pro-growth policies that offset the increase in the debt ceiling.
Getting our fiscal house in order will begin to calm the economic seas. More than any bailout or loan program, this is what is needed to ensure there are no more emergencies like the one at Silicon Valley Bank.
https://dailycaller.com/2023/03/15/opinion-congress-killed-silicon-valley-bank-jessica-anderson/
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Yes, the elites have overspent, and are now going to bail themselves out of this disaster of their own making with our - the taxpayers - money.
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