What has happened with Silicon Valley Bank is no different than the bank runs that occurred during the Great Depression era.
Jeremiah Babe who is one of the better economic commentators on YouTube did some commentary on this last night.
People were lining up outside of SVB bank branches to get try and get their money.
Customers lining up outside of Silicon Valley Bank at its Menlo Park, CA branch, per CoinTelegraph. pic.twitter.com/L1hiaghvBf
— unusual_whales (@unusual_whales) March 11, 2023
I wish those people lots of luck. They will need it. Most of them will not get their money out.
The collapse of this bank is very significant. All sorts of companies had exposure including many startups.
BREAKING: Many companies have exposure to the now collapsed Silicon Valley Bank.
There wasn't a full list.
Until now.
For example:
– BlockFi: $247M
– $ROKU: 487M
– $SMGO: $34M
– $AMBA: $17M
– Circle $USDC: $3.3 billionSee full list: https://t.co/JnYyayui6d
— unusual_whales (@unusual_whales) March 11, 2023
Looks like the Israelis had lots of exposure to SVB lol.
Silicon Valley Bank: A significant portion of Israeli high-tech companies keep their deposits in SVB which operates a branch in #Israel. Following the sharp drop in the bank's share price, many local companies have been trying to transfer their assets to https://t.co/ykdegf3JtE… https://t.co/dT0Iu4CAW8
— Mats Nilsson (@mazzenilsson) March 11, 2023
You also have this.
One of the largest e-commerce companies on the planet can't pay its sellers. They had their money tied up in SVB. More than 7500 companies had their money in #SiliconValleyBank pic.twitter.com/pi6cl0CUOg
— Eternal Optimist (@etoptimist) March 11, 2023
There’s really no telling how bad the fallout from this will be but it is going to be hugely significant. At minimum, the impact will be as bad as it was in 2008. The problem is that the economy is in a much more fragile state than it was back then. Therefore, it is likely the fallout from this will be far worse.
Another aspect of this thing is the fact that the people running things back in 2008 despite being horrible criminals, were far more competent and serious people. Today, we have a bunch of diversity hires and other retards in the White House who will be trying to manage this problem.
It is going to be interesting to see what happens on Monday. I personally hope the whole system collapses. At least that would put a halt to all these war plans the Jews have.
