Friday, March 10th, 2023 we saw the second largest bank failure in US history. The trouble started on Thursday the 9th when their stock prices fell and people began pulling their money out of SVB. By Friday morning, it had turned into total apocalypse with people being turned away from branches, police were called to the branch in New York, and by the middle of the day the FDIC stepped in, took ownership, and will reopen it under a new name on Monday morning.
The large banks/FED/Bank of International Settlements/ Rothchild Empire are an organized crime syndicate. Unfortunately, even the middle and small banks are dependent on the mafiosos. We had a chance in 2008 to let the syndicate implode but Bush and Obama submitted to the empire. Grab your loved ones and be prepared to eat a lot of canned beans.
I usually don't get my daily schadenfreude dopamine hit from a Jennifer Brown Substack piece but today was different! Thanks! Loved it, especially the links! Harry and Meghan's use of SVB was particularly juicy.
They're getting bailed out, I heard. All of the depositors (who are the A-listers). Same thing will happen in NY with Signature Bank going down late Saturday night. Interestingly, these two banks alone (Sig and SVB) surpassed the $307BB Washington Mutual flushed in 2008, the biggest ever failure.
Mar 12, 2023·edited Mar 12, 2023Liked by Jennifer Brown
Yep. It’s gonna happen. How badly is anyone’s guess. Have you ever seen this white paper written in 2012? I have it saved. The systems are in place for TPTB to give us all the haircut that the EU gave Greece a decade ago. https://www.fdic.gov/about/srac/2012/gsifi.pdf
“Culpable senior management of the parent and operating businesses would be removed, and losses would be apportioned to shareholders and unsecured creditors. In all likelihood, shareholders would lose all value and unsecured creditors should thus expect that their claims would be written down to reflect any losses that shareholders did not cover. “
Translation = “Shareholders” are everyone who deposited money in whatever financial institution.
Mar 12, 2023·edited Mar 12, 2023Liked by Jennifer Brown
PLEASE DO. I’ve been splattering it all over twitter along with your blog post trying to get peoples attention. CRICKETS. This needs to be known far and wide. I feel like a Cassandra but my gut tells me I’m not far off.
I have the same feeling about SVB being a warm up to a bigger play as I did when I saw the first “ People falling over dead from covid in China” videos that we were treated to in January 2020 before that scam was taken to scale.
Bill Ackman warns of 'economic meltdown' amid Silicon Valley Bank collapse so I'm guessing that SVB will get that bailout. (The same Bill Ackman who begged for mercy in 2009...and made out like a bandit...as did many others on the class A elites list back then.) SVB isn't one of those G-SIBs you referred to but it plays big-time paddycake with two of them. (Read: Jennifer's expletives will be justified Monday morning when SVB gets bailed out...by taxpayers' $$.)
Hi! The bank haircut got it's initial trial run in Cyprus. The majority of those affected were British & European wealthy pensioners. Who thought their savings were free from their home countries tax systems. When there were no riots or even protests. Greece followed suit.
But… you knew there was a but coming… What I see is that this is a power move to eliminate small banks and move people to global big banks. Where the locus of control is needed for a CBDC system. I do not understand it all but I don’t trust any of this. Perhaps greater minds can help? :)
The large banks/FED/Bank of International Settlements/ Rothchild Empire are an organized crime syndicate. Unfortunately, even the middle and small banks are dependent on the mafiosos. We had a chance in 2008 to let the syndicate implode but Bush and Obama submitted to the empire. Grab your loved ones and be prepared to eat a lot of canned beans.
I usually don't get my daily schadenfreude dopamine hit from a Jennifer Brown Substack piece but today was different! Thanks! Loved it, especially the links! Harry and Meghan's use of SVB was particularly juicy.
They're getting bailed out, I heard. All of the depositors (who are the A-listers). Same thing will happen in NY with Signature Bank going down late Saturday night. Interestingly, these two banks alone (Sig and SVB) surpassed the $307BB Washington Mutual flushed in 2008, the biggest ever failure.
Anyone else recall where they were at September 14 2008?? We were a few hours away from ATMs and credit cards shutting down....and most had no idea.
"Does the term “go woke go broke” apply here? Yup." - 100% It's just a matter of time because it is A BIG FAT lie. Thanks Jennifer! Peace. :-)
When the money is fake, the rest of the economy is destined to follow.
I'm waiting for the Chinese to run out of "funny money" THAT will be interesting. If their printing presses ever fail, they're in "real" trouble.
These jokers are gonna claim bailout I'd needed because muh National Security.
If they get a bailout………🤬🤬🤬 much profanity will roll outta my mouth.
With a class A elite depositors' list like SVB's, it's a foregone conclusion: it may not be too big to fail but it's too well-connected not to fail.
Yep. It’s gonna happen. How badly is anyone’s guess. Have you ever seen this white paper written in 2012? I have it saved. The systems are in place for TPTB to give us all the haircut that the EU gave Greece a decade ago. https://www.fdic.gov/about/srac/2012/gsifi.pdf
“Culpable senior management of the parent and operating businesses would be removed, and losses would be apportioned to shareholders and unsecured creditors. In all likelihood, shareholders would lose all value and unsecured creditors should thus expect that their claims would be written down to reflect any losses that shareholders did not cover. “
Translation = “Shareholders” are everyone who deposited money in whatever financial institution.
Holy schnikes I have not seen this paper!!!!!!
Yep. It’s a doozy. I have been trying to get attention on it for 10 years. People do not want to consider the implications delineated within.
EVERYONE needs to see this!!! Can I share this in a post later this week?
PLEASE DO. I’ve been splattering it all over twitter along with your blog post trying to get peoples attention. CRICKETS. This needs to be known far and wide. I feel like a Cassandra but my gut tells me I’m not far off.
I have the same feeling about SVB being a warm up to a bigger play as I did when I saw the first “ People falling over dead from covid in China” videos that we were treated to in January 2020 before that scam was taken to scale.
Bill Ackman warns of 'economic meltdown' amid Silicon Valley Bank collapse so I'm guessing that SVB will get that bailout. (The same Bill Ackman who begged for mercy in 2009...and made out like a bandit...as did many others on the class A elites list back then.) SVB isn't one of those G-SIBs you referred to but it plays big-time paddycake with two of them. (Read: Jennifer's expletives will be justified Monday morning when SVB gets bailed out...by taxpayers' $$.)
YA NAILED IT. I just posted his take below. OY.
Hi! The bank haircut got it's initial trial run in Cyprus. The majority of those affected were British & European wealthy pensioners. Who thought their savings were free from their home countries tax systems. When there were no riots or even protests. Greece followed suit.
Thank Jennifer. Apart from my feeling sorry for the ordinary regular working people staff of the bank
The close to delicious irony, of the woke techies getting their fingers burnt. Is poetic justice.
So tell me? Your world changing so wonderful AI bs got this so wrong?
Hi Doc, Ok Im back re that FDIC paper. I understand it differently now. Looks like Janet Yellen has applied the terms outlined in that paper to SVB and Signature banks. This guy explains what has taken place. https://twitter.com/billackman/status/1635109889302315008?s=61&t=lH_rsKkmPmuiCGnKLi_dtA
But… you knew there was a but coming… What I see is that this is a power move to eliminate small banks and move people to global big banks. Where the locus of control is needed for a CBDC system. I do not understand it all but I don’t trust any of this. Perhaps greater minds can help? :)